Eastern Commercial Leasing PCL (BKK:EAST) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BKK:EAST Eastern Commercial Leasing PCL BKK:EAST
36 GF Score
Price ฿0.79
GF Value ฿0.75
Valuation Fairly Valued
! 10 Warning Signs
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What is Eastern Commercial Leasing PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastern Commercial Leasing PCL  (BKK:EAST) 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.


Eastern Commercial Leasing PCL Cyclically Adjusted PB Ratio Related Terms


Eastern Commercial Leasing PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eastern Commercial Leasing 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.

Eastern Commercial Leasing PCL Cyclically Adjusted PB Ratio Chart

Eastern Commercial Leasing 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 1.83 1.20 0.79 0.51 0.36

Eastern Commercial Leasing PCL 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 0.42 0.40 0.37 0.34 0.37

BKK:EAST vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Eastern Commercial Leasing 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.


Eastern Commercial Leasing PCL Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Eastern Commercial Leasing PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Eastern Commercial Leasing PCL's Cyclically Adjusted PB Ratio falls into.


BKK:EAST
36GF Score
Eastern Commercial Leasing PCL BKK:EAST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eastern Commercial Leasing 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.

Eastern Commercial Leasing PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eastern Commercial Leasing PCL's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.707/333.9520*333.9520
=1.707

Current CPI (Jun. 2026) = 333.9520.

Eastern Commercial Leasing PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.361 241.428 1.883
201612 1.383 241.432 1.913
201703 1.421 243.801 1.946
201706 1.416 244.955 1.930
201709 1.471 246.819 1.990
201712 1.495 246.524 2.025
201803 1.525 249.554 2.041
201806 1.513 251.989 2.005
201809 1.546 252.439 2.045
201812 1.585 251.233 2.107
201903 1.619 254.202 2.127
201906 1.644 256.143 2.143
201909 1.669 256.759 2.171
201912 1.700 256.974 2.209
202003 1.532 258.115 1.982
202006 1.523 257.797 1.973
202009 1.553 260.280 1.993
202012 1.578 260.474 2.023
202103 1.628 264.877 2.053
202106 1.558 271.696 1.915
202109 1.587 274.310 1.932
202112 1.652 278.802 1.979
202203 1.698 287.504 1.972
202206 1.666 296.311 1.878
202209 1.649 296.808 1.855
202212 1.689 296.797 1.900
202303 1.726 301.836 1.910
202306 1.704 305.109 1.865
202309 1.688 307.789 1.831
202312 1.707 306.746 1.858
202403 1.719 312.332 1.838
202406 1.718 314.175 1.826
202409 1.724 315.301 1.826
202412 1.743 315.605 1.844
202503 1.601 319.799 1.672
202506 1.619 322.561 1.676
202509 1.634 324.800 1.680
202512 1.674 324.054 1.725
202603 1.695 330.213 1.714
202606 1.707 333.952 1.707

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 Eastern Commercial Leasing PCL (BKK:EAST) Overvalued in 2026?

Based on GuruFocus' analysis, Eastern Commercial Leasing PCL stock appears to be overvalued. The current stock price of ฿0.79 is trading 5.3% above its estimated GF Value™ of ฿0.75. GuruFocus considers Eastern Commercial Leasing PCL to be Fairly Valued.

Key valuation signals for BKK:EAST:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿0.75 vs. price of ฿0.79 (5.3% above fair value)
  • GF Score™: 36/100 with 10 warning signs

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


Eastern Commercial Leasing PCL Business Description

Address Rim Klong Samsean Road, 976/1, Soi Rama 9 Hospital, Bang Kapi Subdistrict, Huai Khwang District, Bangkok, THA, 10310
Eastern Commercial Leasing PCL is engaged in business of credit services to personal and juristic person in the form of hire purchase and regulated personal loan with motor vehicle registration as collateral and regulated personal loan without motor vehicle registration as collateral. The company operates in one geographical segment which is domestic.
36GF Score

Get the complete analysis for BKK:EAST

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

฿0.79
Price
฿0.75
GF Value