Laguna Resorts & Hotels PCL (BKK:LRH-R) Cyclically Adjusted PB Ratio: 0.30 (As of Sep. 08, 2026) — 25% Below Median

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:LRH-R Laguna Resorts & Hotels PCL BKK:LRH-R
66 GF Score
Price ฿30.58
GF Value ฿61.60
Valuation Possible Value Trap
! 4 Warning Signs
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What is Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio?

Laguna Resorts & Hotels PCL BKK:LRH-R 66 Cyclically Adjusted PB Ratio is 0.30 as of Sep. 08, 2026, which is 25% below its 10-year median of 0.40. GuruFocus rates BKK:LRH-R with a GF Score™ of 66/100 and a GF Value™ of ฿61.60 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 598 Travel & Leisure companies, Laguna Resorts & Hotels PCL ranks better than 82.61% on this metric.

As of today (2026-09-08), Laguna Resorts & Hotels PCL's current share price is ฿30.58308. Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿101.34. Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio for today is 0.30.

The historical rank and industry rank for Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:LRH-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.4   Max: 0.8
Current: 0.33

During the past years, Laguna Resorts & Hotels PCL's highest Cyclically Adjusted PB Ratio was 0.80. The lowest was 0.28. And the median was 0.40.

BKK:LRH-R's Cyclically Adjusted PB Ratio is ranked better than
82.61% of 598 companies
in the Travel & Leisure industry
Industry Median: 1.165 vs BKK:LRH-R: 0.33

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.

Laguna Resorts & Hotels PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿110.296. 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 ฿101.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Laguna Resorts & Hotels PCL  (BKK:LRH-R) 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.


Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio Related Terms


Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Laguna Resorts & Hotels 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.

Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio Chart

Laguna Resorts & Hotels 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 0.39 0.46 0.45 0.46 0.39

Laguna Resorts & Hotels 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 0.39 0.39 0.39 0.38 0.37

BKK:LRH-R vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Laguna Resorts & Hotels 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.


Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio falls into.


BKK:LRH-R
66GF Score
Laguna Resorts & Hotels PCL BKK:LRH-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Laguna Resorts & Hotels 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.

Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.58308/101.34
=0.30

* 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.

Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Laguna Resorts & Hotels 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)
=110.296/333.9520*333.9520
=110.296

Current CPI (Jun. 2026) = 333.9520.

Laguna Resorts & Hotels PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 68.319 241.428 94.501
201612 74.374 241.432 102.875
201703 74.996 243.801 102.727
201706 73.875 244.955 100.715
201709 73.633 246.819 99.627
201712 74.404 246.524 100.791
201803 75.131 249.554 100.540
201806 74.469 251.989 98.691
201809 74.169 252.439 98.118
201812 74.845 251.233 99.488
201903 75.357 254.202 98.999
201906 74.418 256.143 97.024
201909 73.868 256.759 96.076
201912 72.429 256.974 94.126
202003 74.070 258.115 95.833
202006 67.764 257.797 87.782
202009 66.117 260.280 84.831
202012 63.789 260.474 81.783
202103 63.123 264.877 79.584
202106 61.524 271.696 75.622
202109 59.929 274.310 72.959
202112 58.216 278.802 69.732
202203 58.300 287.504 67.719
202206 57.371 296.311 64.659
202209 57.298 296.808 64.469
202212 58.336 296.797 65.639
202303 59.054 301.836 65.337
202306 59.148 305.109 64.739
202309 59.433 307.789 64.485
202312 90.561 306.746 98.593
202403 92.726 312.332 99.145
202406 91.617 314.175 97.384
202409 92.952 315.301 98.450
202412 96.763 315.605 102.388
202503 100.358 319.799 104.799
202506 98.016 322.561 101.477
202509 96.044 324.800 98.750
202512 107.785 324.054 111.077
202603 110.969 330.213 112.226
202606 110.296 333.952 110.296

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 0.30 mean?
Laguna Resorts & Hotels PCL (BKK:LRH-R) has a Cyclically Adjusted PB Ratio of 0.30 as of Sep. 08, 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 Laguna Resorts & Hotels PCL and its competitors. This is 25% below median its historical median of 0.40. Over the past decade, Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.80. According to the industry distribution chart, Laguna Resorts & Hotels PCL ranks #104 out of 598 companies in the Travel & Leisure industry, placing it in the top 17.4%.
Is Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio too high?
Laguna Resorts & Hotels PCL's current Cyclically Adjusted PB Ratio of 0.30 is 25% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.80. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.17. Laguna Resorts & Hotels PCL's value of 0.30 is 74.2% below this industry median. Based on the distribution chart, Laguna Resorts & Hotels PCL ranks #104 out of 598 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Laguna Resorts & Hotels PCL has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Laguna Resorts & Hotels PCL ranks #104 out of 598 companies for Cyclically Adjusted PB Ratio. This places Laguna Resorts & Hotels PCL in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Laguna Resorts & Hotels PCL's value of 0.30 is 74.2% below this benchmark. Historically, Laguna Resorts & Hotels PCL's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.80 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.17, Laguna Resorts & Hotels 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.17, based on 598 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. Laguna Resorts & Hotels PCL's current Cyclically Adjusted PB Ratio of 0.30 is 74.2% 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 Laguna Resorts & Hotels PCL and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laguna Resorts & Hotels PCL's current Cyclically Adjusted PB Ratio is 0.30, which is 25% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laguna Resorts & Hotels PCL stock overvalued right now?
Based on GuruFocus' analysis, Laguna Resorts & Hotels PCL (BKK:LRH-R) is currently considered Possible Value Trap. The stock's GF Value™ is ฿61.60, compared to a current price of ฿30.58 — trading 50.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is 25% below median its 10-year median of 0.40 and 74.2% below the Travel & Leisure industry median of 1.17. Laguna Resorts & Hotels PCL's overall GF Score™ is 66/100 with 4 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 Laguna Resorts & Hotels PCL (BKK:LRH-R), the current Cyclically Adjusted PB Ratio is 0.30 as of Sep. 08, 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 Laguna Resorts & Hotels PCL (BKK:LRH-R) Overvalued in 2026?

Based on GuruFocus' analysis, Laguna Resorts & Hotels PCL stock appears to be undervalued. The current stock price of ฿30.58 is trading 50.4% below its estimated GF Value™ of ฿61.60. GuruFocus considers Laguna Resorts & Hotels PCL to be Possible Value Trap.

Key valuation signals for BKK:LRH-R:

  • Cyclically Adjusted PB Ratio: 0.30 (25% below median its 10-year median of 0.40)
  • GF Value™: ฿61.60 vs. price of ฿30.58 (50.4% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 74.2% below the Travel & Leisure median (#104 of 598)

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


Laguna Resorts & Hotels PCL Business Description

Other Exchanges LRH:Thailand
Address South Sathorn Road, No. 21/9, 21/31, and 21/33, Thai Wah Tower 1, 5th and 12th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120
Laguna Resorts & Hotels PCL is principally engaged in the hotel business and property development. The group operates four hotels in Phuket, namely Angsana Laguna Phuket, Banyan Tree Phuket, Cassia Phuket and Homm Suites Laguna, and also operates Banyan Tree Bangkok in Bangkok. It also operates golf clubs, merchandise sales, office and shop rentals, and holiday club memberships. The group operates through four reportable segments: Hotel Business, which includes hotel and restaurant operations and related businesses such as golf clubs and merchandise sales; Property Development, which generates maximum revenue and includes property sales and holiday club membership sales; Office Rental, which relates to rental and services from land and buildings managed for lease; and Head Office.
66GF Score

Get the complete analysis for BKK:LRH-R

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

฿30.58
Price
฿61.60
GF Value