Dusit Thani PCL (BKK:DUSIT) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 15, 2026) — Near Median

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BKK:DUSIT Dusit Thani PCL BKK:DUSIT
70 GF Score
Price ฿11.90
GF Value ฿15.01
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Dusit Thani PCL Cyclically Adjusted PB Ratio?

Dusit Thani PCL BKK:DUSIT +1.71% 70 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 15, 2026, which is 2% above its 10-year median of 1.74. GuruFocus rates BKK:DUSIT with a GF Score™ of 70/100 and a GF Value™ of ฿15.01 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 639 Travel & Leisure companies, Dusit Thani PCL ranks worse than 61.35% on this metric.

As of today (2026-08-15), Dusit Thani PCL's current share price is ฿11.90. Dusit Thani PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿6.72. Dusit Thani PCL's Cyclically Adjusted PB Ratio for today is 1.77.

The historical rank and industry rank for Dusit Thani PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:DUSIT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 1.74   Max: 3.09
Current: 1.77

During the past years, Dusit Thani PCL's highest Cyclically Adjusted PB Ratio was 3.09. The lowest was 1.14. And the median was 1.74.

BKK:DUSIT's Cyclically Adjusted PB Ratio is ranked worse than
61.35% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs BKK:DUSIT: 1.77

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 PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿8.166. 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 ฿6.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dusit Thani PCL  (BKK:DUSIT) 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 PCL Cyclically Adjusted PB Ratio Related Terms


Dusit Thani PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dusit Thani PCL'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.

Dusit Thani PCL Cyclically Adjusted PB Ratio Chart

Dusit Thani PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 1.82 1.42 1.67 1.66

Dusit Thani PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.34 1.23 1.88 1.66 1.52

BKK:DUSIT vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Dusit Thani PCL'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 PCL Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dusit Thani PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:DUSIT
70GF Score
Dusit Thani PCL BKK:DUSIT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dusit Thani PCL 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.

Dusit Thani PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.90/6.72
=1.77

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

For example, Dusit Thani PCL'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)
=8.166/330.2130*330.2130
=8.166

Current CPI (Mar. 2026) = 330.2130.

Dusit Thani PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.407 241.018 7.408
201609 5.317 241.428 7.272
201612 5.429 241.432 7.425
201703 5.559 243.801 7.529
201706 5.398 244.955 7.277
201709 5.354 246.819 7.163
201712 5.706 246.524 7.643
201803 6.005 249.554 7.946
201806 5.843 251.989 7.657
201809 5.832 252.439 7.629
201812 5.881 251.233 7.730
201903 5.847 254.202 7.595
201906 5.621 256.143 7.246
201909 5.757 256.759 7.404
201912 5.590 256.974 7.183
202003 5.269 258.115 6.741
202006 4.700 257.797 6.020
202009 4.317 260.280 5.477
202012 5.019 260.474 6.363
202103 5.131 264.877 6.397
202106 4.687 271.696 5.696
202109 4.304 274.310 5.181
202112 3.889 278.802 4.606
202203 3.744 287.504 4.300
202206 3.142 296.311 3.501
202209 4.778 296.808 5.316
202212 4.876 296.797 5.425
202303 4.815 301.836 5.268
202306 4.584 305.109 4.961
202309 4.213 307.789 4.520
202312 4.070 306.746 4.381
202403 4.121 312.332 4.357
202406 8.939 314.175 9.395
202409 8.211 315.301 8.599
202412 8.529 315.605 8.924
202503 8.506 319.799 8.783
202506 8.175 322.561 8.369
202509 7.659 324.800 7.787
202512 7.957 324.054 8.108
202603 8.166 330.213 8.166

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.

What does a Cyclically Adjusted PB Ratio of 1.77 mean?
Dusit Thani PCL (BKK:DUSIT) has a Cyclically Adjusted PB Ratio of 1.77 as of Aug. 15, 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 PCL and its competitors. This is near median its historical median of 1.74. Over the past decade, Dusit Thani PCL's Cyclically Adjusted PB Ratio has ranged from 1.14 to 3.09. According to the industry distribution chart, Dusit Thani PCL ranks #392 out of 639 companies in the Travel & Leisure industry, placing it in the top 61.3%.
Is Dusit Thani PCL's Cyclically Adjusted PB Ratio too high?
Dusit Thani PCL's current Cyclically Adjusted PB Ratio of 1.77 is near median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 3.09. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Dusit Thani PCL's value of 1.77 is 47.5% above this industry median. Based on the distribution chart, Dusit Thani PCL ranks #392 out of 639 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Dusit Thani PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dusit Thani PCL's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Dusit Thani PCL ranks #392 out of 639 companies for Cyclically Adjusted PB Ratio. This places Dusit Thani PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Dusit Thani PCL's value of 1.77 is 47.5% above this benchmark. Historically, Dusit Thani PCL's own Cyclically Adjusted PB Ratio has ranged from 1.14 to 3.09 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.20, Dusit Thani PCL has consistently been above 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 639 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 PCL's current Cyclically Adjusted PB Ratio of 1.77 is 47.5% above 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 PCL and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dusit Thani PCL's current Cyclically Adjusted PB Ratio is 1.77, which is near median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dusit Thani PCL stock overvalued right now?
Based on GuruFocus' analysis, Dusit Thani PCL (BKK:DUSIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿15.01, compared to a current price of ฿11.90 — trading 20.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is near median its 10-year median of 1.74 and 47.5% above the Travel & Leisure industry median of 1.20. Dusit Thani PCL's overall GF Score™ is 70/100 with 7 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 PCL (BKK:DUSIT), the current Cyclically Adjusted PB Ratio is 1.77 as of Aug. 15, 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 PCL (BKK:DUSIT) Overvalued in 2026?

Based on GuruFocus' analysis, Dusit Thani PCL stock appears to be undervalued. The current stock price of ฿11.90 is trading 20.7% below its estimated GF Value™ of ฿15.01. GuruFocus considers Dusit Thani PCL to be Modestly Undervalued.

Key valuation signals for BKK:DUSIT:

  • Cyclically Adjusted PB Ratio: 1.77 (near median its 10-year median of 1.74)
  • GF Value™: ฿15.01 vs. price of ฿11.90 (20.7% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 47.5% above the Travel & Leisure median (#392 of 639)

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


Dusit Thani PCL Business Description

Address Phayathai Roadvai, 319 Chamchuri Square Building, 29th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
Dusit Thani PCL is engaged in the operation of hotel business, hotel management, education, food and real estate development. Its segments include Hotel and hotel management, Education, Foods, Real estate development, and Others. The majority of the revenue is derived from Hotel and hotel management segment. Geographically it operates in Thailand and Overseas.
70GF Score

Get the complete analysis for BKK:DUSIT

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

฿11.90
Price
฿15.01
GF Value