Disco (BKK:DISCO24) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:DISCO24 Disco Corp BKK:DISCO24
55 GF Score
Price ฿0.87
GF Value ฿0.82
Valuation Fairly Valued
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What is Disco Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Disco  (BKK:DISCO24) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Disco Cyclically Adjusted PB Ratio Related Terms


Disco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Disco's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Disco Cyclically Adjusted PB Ratio Chart

Disco Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.55 7.69 25.34 11.49 20.69

Disco Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.87 16.79 16.74 20.69 0.00

BKK:DISCO24 vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Disco's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Disco Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Disco's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Disco's Cyclically Adjusted PB Ratio falls into.


BKK:DISCO24
55GF Score
Disco Corp BKK:DISCO24
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Disco Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Disco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Disco's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1101.773/112.7000*112.7000
=1,101.773

Current CPI (Mar. 2026) = 112.7000.

Disco Quarterly Data

Book Value per Share CPI Adj_Book
201606 509.606 98.100 585.450
201609 537.209 98.000 617.790
201612 495.269 98.400 567.244
201703 520.193 98.100 597.612
201706 518.302 98.500 593.022
201709 535.333 98.800 610.648
201712 524.184 99.400 594.321
201803 561.076 99.200 637.432
201806 559.054 99.200 635.135
201809 573.011 99.900 646.430
201812 578.865 99.700 654.344
201903 582.711 99.700 658.691
201906 556.792 99.800 628.762
201909 567.194 100.100 638.589
201912 560.913 100.500 629.004
202003 626.709 100.300 704.188
202006 591.014 99.900 666.740
202009 635.566 99.900 717.000
202012 634.409 99.300 720.019
202103 660.403 99.900 745.019
202106 641.307 99.500 726.385
202109 723.789 100.100 814.895
202112 738.580 100.100 831.548
202203 760.076 101.100 847.286
202206 697.569 101.800 772.260
202209 756.191 103.100 826.603
202212 767.980 104.100 831.425
202303 828.011 104.400 893.839
202306 772.876 105.200 827.976
202309 806.729 106.200 856.105
202312 828.552 106.800 874.324
202403 899.969 107.200 946.143
202406 873.180 108.200 909.495
202409 936.436 108.900 969.112
202412 929.470 110.700 946.263
202503 1,029.118 111.100 1,043.939
202506 1,008.031 111.700 1,017.055
202509 1,031.449 112.000 1,037.896
202512 1,012.829 113.000 1,010.140
202603 1,101.773 112.700 1,101.773

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Disco (BKK:DISCO24) Overvalued in 2026?

Based on GuruFocus' analysis, Disco stock appears to be overvalued. The current stock price of ฿0.87 is trading 6.1% above its estimated GF Value™ of ฿0.82. GuruFocus considers Disco to be Fairly Valued.

Key valuation signals for BKK:DISCO24:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿0.82 vs. price of ฿0.87 (6.1% above fair value)
  • GF Score™: 55/100

No single metric tells the full story. See the BKK:DISCO24 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Disco Business Description

Address 2-13-11 Omorikita, Ota-ku, Tokyo, JPN, 143-8580
Disco is a Japan-based semiconductor production equipment manufacturer. Founded in 1937, the company manufactures diamond, water, and laser saws, as well as grinders and polishers, used mainly in back-end processes of semiconductor manufacturing, which involves treating processed silicon during the front-end process by thinning and dicing the wafers into bare dies for packaging.It is the world's largest manufacturer of semiconductor-grade saws and grinders, with an estimated 60%-70% market share in the semiconductor dicing and grinding industry as of 2025. The company operates three main factories, all located in Hiroshima and Nagano, Japan.
55GF Score

Get the complete analysis for BKK:DISCO24

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿0.87
Price
฿0.82
GF Value