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Information and Communication Networks PCLBKK:ICN -0.91%82 Cyclically Adjusted PB Ratio is 1.54 as of Aug. 21, 2026, which is 17% above its 10-year median of 1.32. GuruFocus rates BKK:ICN with a GF Score™ of 82/100 and a GF Value™ of ฿2.75 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 288 Telecommunication Services companies, Information and Communication Networks PCL ranks better than 55.56% on this metric.
BKK:ICN's Cyclically Adjusted PB Ratio is ranked better than 55.56% of 288
companies
in the Telecommunication Services industry
Industry Median: 1.775
vs BKK:ICN: 1.54
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.
Information and Communication Networks PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿1.385. 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 ฿1.42 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Information and Communication Networks PCL (BKK:ICN) 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.
Information and Communication Networks PCL Cyclically Adjusted PB Ratio Related Terms
Information and Communication Networks PCL 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.
Information and Communication Networks PCL Cyclically Adjusted PB Ratio Chart
Information and Communication Networks PCL Annual Data
BKK:ICN vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison
For the Telecom Services subindustry, Information and Communication Networks 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.
Information and Communication Networks PCL Cyclically Adjusted PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Information and Communication Networks PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Information and Communication Networks PCL's Cyclically Adjusted PB Ratio falls into.
Information and Communication Networks 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.
* 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 1.54 mean?
Information and Communication Networks PCL (BKK:ICN) has a Cyclically Adjusted PB Ratio of 1.54 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 Information and Communication Networks PCL and its competitors. This is 17% above median its historical median of 1.32. Over the past decade, Information and Communication Networks PCL's Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.55. According to the industry distribution chart, Information and Communication Networks PCL ranks #128 out of 288 companies in the Telecommunication Services industry, placing it in the top 44.4%.
Is Information and Communication Networks PCL's Cyclically Adjusted PB Ratio too high?
Information and Communication Networks PCL's current Cyclically Adjusted PB Ratio of 1.54 is 17% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 1.55. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.78. Information and Communication Networks PCL's value of 1.54 is 13.2% below this industry median. Based on the distribution chart, Information and Communication Networks PCL ranks #128 out of 288 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Information and Communication Networks PCL has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Information and Communication Networks PCL's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Information and Communication Networks PCL ranks #128 out of 288 companies for Cyclically Adjusted PB Ratio. This puts Information and Communication Networks PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Information and Communication Networks PCL's value of 1.54 is 13.2% below this benchmark. Historically, Information and Communication Networks PCL's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.55 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.78, Information and Communication Networks PCL 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.78, based on 288 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. Information and Communication Networks PCL's current Cyclically Adjusted PB Ratio of 1.54 is 13.2% 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 Information and Communication Networks PCL and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Information and Communication Networks PCL's current Cyclically Adjusted PB Ratio is 1.54, which is 17% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Information and Communication Networks PCL stock overvalued right now?
Based on GuruFocus' analysis, Information and Communication Networks PCL (BKK:ICN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.75, compared to a current price of ฿2.18 — trading 20.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.54, which is 17% above median its 10-year median of 1.32 and 13.2% below the Telecommunication Services industry median of 1.78. Information and Communication Networks PCL's overall GF Score™ is 82/100 with 9 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 Information and Communication Networks PCL (BKK:ICN), the current Cyclically Adjusted PB Ratio is 1.54 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 Information and Communication Networks PCL (BKK:ICN) Overvalued in 2026?
Based on GuruFocus' analysis, Information and Communication Networks PCL stock appears to be undervalued.
The current stock price of ฿2.18 is trading 20.7% below its estimated GF Value™ of ฿2.75.
GuruFocus considers Information and Communication Networks PCL to be Modestly Undervalued.
Key valuation signals for BKK:ICN:
Cyclically Adjusted PB Ratio: 1.54 (17% above median its 10-year median of 1.32)
GF Value™: ฿2.75 vs. price of ฿2.18 (20.7% below fair value)
Industry Position: 13.2% below the Telecommunication Services median (#128 of 288)
No single metric tells the full story. See the BKK:ICN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Information and Communication Networks PCL is Engaged in telecommunications engineering business for government agencies, state enterprises and private companies. Its operations are carried only in Thailand. The Company is considered a full-service system integrator. The Company is able to provide design and installation services for telecommunication networks (Telecommunication System), which is a system in which the Company has expertise, as well as providing design and installation services for construction and other electrical systems (Construction and Electrical Systems). In addition, the Company also provides sales services for replacement equipment (Supply) and maintenance services for telecommunication networks (Maintenance).
82GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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