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Dusit Thani Freehold and Leasehold REITBKK:DREIT 80 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 21, 2026, which is 6% above its 10-year median of 0.47. GuruFocus rates BKK:DREIT with a GF Score™ of 80/100 and a GF Value™ of ฿5.06 (Fairly Valued). The stock has 2 warning signs investors should review. Among 549 REITs companies, Dusit Thani Freehold and Leasehold REIT ranks better than 74.13% on this metric.
BKK:DREIT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.47 Max: 0.5
Current: 0.5
During the past years, Dusit Thani Freehold and Leasehold REIT's highest Cyclically Adjusted PB Ratio was 0.50. The lowest was 0.45. And the median was 0.47.
BKK:DREIT's Cyclically Adjusted PB Ratio is ranked better than 74.13% of 549
companies
in the REITs industry
Industry Median: 0.8
vs BKK:DREIT: 0.50
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Dusit Thani Freehold and Leasehold REIT's adjusted book value per share data for the three months ended in Jun. 2026 was ฿8.433. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ฿10.29 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) 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.
Dusit Thani Freehold and Leasehold REIT Cyclically Adjusted PB Ratio Related Terms
Dusit Thani Freehold and Leasehold REIT Cyclically Adjusted PB Ratio Historical Data
* 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.
Dusit Thani Freehold and Leasehold REIT Cyclically Adjusted PB Ratio Chart
Dusit Thani Freehold and Leasehold REIT Annual Data
BKK:DREIT vs HST, RHP, APLE: Cyclically Adjusted PB Ratio Comparison
For the REIT - Hotel & Motel subindustry, Dusit Thani Freehold and Leasehold REIT'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.
Dusit Thani Freehold and Leasehold REIT Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Dusit Thani Freehold and Leasehold REIT's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Dusit Thani Freehold and Leasehold REIT's Cyclically Adjusted PB Ratio falls into.
Dusit Thani Freehold and Leasehold REIT 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.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 0.50 mean?
Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 21, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dusit Thani Freehold and Leasehold REIT and its competitors. This is near median its historical median of 0.47. Over the past decade, Dusit Thani Freehold and Leasehold REIT's Cyclically Adjusted PB Ratio has ranged from 0.45 to 0.50. According to the industry distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #142 out of 549 companies in the REITs industry, placing it in the top 25.9%.
Is Dusit Thani Freehold and Leasehold REIT's Cyclically Adjusted PB Ratio too high?
Dusit Thani Freehold and Leasehold REIT's current Cyclically Adjusted PB Ratio of 0.50 is near median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.50. The REITs industry median Cyclically Adjusted PB Ratio is 0.80. Dusit Thani Freehold and Leasehold REIT's value of 0.50 is 37.5% below this industry median. Based on the distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #142 out of 549 companies in the REITs industry, which is above the industry midpoint. Overall, Dusit Thani Freehold and Leasehold REIT has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dusit Thani Freehold and Leasehold REIT's Cyclically Adjusted PB Ratio compare to HST and RHP?
According to the REITs industry distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #142 out of 549 companies for Cyclically Adjusted PB Ratio. This puts Dusit Thani Freehold and Leasehold REIT in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.80. Dusit Thani Freehold and Leasehold REIT's value of 0.50 is 37.5% below this benchmark. Historically, Dusit Thani Freehold and Leasehold REIT's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 0.50 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.80, Dusit Thani Freehold and Leasehold REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.80, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dusit Thani Freehold and Leasehold REIT's current Cyclically Adjusted PB Ratio of 0.50 is 37.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dusit Thani Freehold and Leasehold REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dusit Thani Freehold and Leasehold REIT's current Cyclically Adjusted PB Ratio is 0.50, which is near median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dusit Thani Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) is currently considered Fairly Valued. The stock's GF Value™ is ฿5.06, compared to a current price of ฿5.10 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is near median its 10-year median of 0.47 and 37.5% below the REITs industry median of 0.80. Dusit Thani Freehold and Leasehold REIT's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dusit Thani Freehold and Leasehold REIT (BKK:DREIT), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dusit Thani Freehold and Leasehold REIT stock appears to be overvalued.
The current stock price of ฿5.10 is trading 0.8% above its estimated GF Value™ of ฿5.06.
GuruFocus considers Dusit Thani Freehold and Leasehold REIT to be Fairly Valued.
Key valuation signals for BKK:DREIT:
Cyclically Adjusted PB Ratio: 0.50 (near median its 10-year median of 0.47)
GF Value™: ฿5.06 vs. price of ฿5.10 (0.8% above fair value)
Industry Position: 37.5% below the REITs median (#142 of 549)
No single metric tells the full story. See the BKK:DREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dusit Thani Freehold and Leasehold REIT is a closed-end property fund engaged in seeking funds from investors to invest in property or property leasehold rights. The Trust invests in freehold and leasehold properties, including sublease high-quality real estate, hotels and other types of property relevant or beneficial to hotel properties. Its operating segment includes Leasing and others. The company generates maximum revenue from the Leasing segment.
80GF Score
Get the complete analysis for BKK:DREIT
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