Major Cineplex Group (BKK:MAJOR) Cyclically Adjusted PB Ratio: 0.81 (As of Aug. 21, 2026) — 64% Below Median

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BKK:MAJOR Major Cineplex Group PLC BKK:MAJOR
71 GF Score
Price ฿7.15
GF Value ฿12.43
Valuation Possible Value Trap
! 8 Warning Signs
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What is Major Cineplex Group Cyclically Adjusted PB Ratio?

Major Cineplex Group BKK:MAJOR 71 Cyclically Adjusted PB Ratio is 0.81 as of Aug. 21, 2026, which is 64% below its 10-year median of 2.24. GuruFocus rates BKK:MAJOR with a GF Score™ of 71/100 and a GF Value™ of ฿12.43 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 679 Media - Diversified companies, Major Cineplex Group ranks better than 57.29% on this metric.

As of today (2026-08-21), Major Cineplex Group's current share price is ฿7.15. Major Cineplex Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿8.87. Major Cineplex Group's Cyclically Adjusted PB Ratio for today is 0.81.

The historical rank and industry rank for Major Cineplex Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:MAJOR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 2.24   Max: 4.79
Current: 0.81

During the past years, Major Cineplex Group's highest Cyclically Adjusted PB Ratio was 4.79. The lowest was 0.74. And the median was 2.24.

BKK:MAJOR's Cyclically Adjusted PB Ratio is ranked better than
57.29% of 679 companies
in the Media - Diversified industry
Industry Median: 0.99 vs BKK:MAJOR: 0.81

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.

Major Cineplex Group's adjusted book value per share data for the three months ended in Jun. 2026 was ฿6.561. 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 ฿8.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Major Cineplex Group  (BKK:MAJOR) 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.


Major Cineplex Group Cyclically Adjusted PB Ratio Related Terms


Major Cineplex Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Major Cineplex Group'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.

Major Cineplex Group Cyclically Adjusted PB Ratio Chart

Major Cineplex Group 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 2.42 2.09 1.68 1.65 0.81

Major Cineplex Group 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 0.95 0.91 0.81 0.82 0.78

BKK:MAJOR vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Major Cineplex Group'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.


Major Cineplex Group Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Major Cineplex Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Major Cineplex Group's Cyclically Adjusted PB Ratio falls into.


BKK:MAJOR
71GF Score
Major Cineplex Group PLC BKK:MAJOR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Major Cineplex Group 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.

Major Cineplex Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.15/8.87
=0.81

* 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.

Major Cineplex Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Major Cineplex Group'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)
=6.561/333.9520*333.9520
=6.561

Current CPI (Jun. 2026) = 333.9520.

Major Cineplex Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.401 241.428 10.237
201612 7.419 241.432 10.262
201703 7.709 243.801 10.560
201706 7.612 244.955 10.378
201709 7.156 246.819 9.682
201712 7.169 246.524 9.711
201803 7.438 249.554 9.953
201806 7.417 251.989 9.829
201809 6.991 252.439 9.248
201812 7.999 251.233 10.633
201903 7.500 254.202 9.853
201906 7.362 256.143 9.598
201909 6.928 256.759 9.011
201912 8.197 256.974 10.652
202003 7.932 258.115 10.263
202006 7.036 257.797 9.114
202009 6.903 260.280 8.857
202012 7.246 260.474 9.290
202103 7.121 264.877 8.978
202106 6.883 271.696 8.460
202109 8.928 274.310 10.869
202112 8.014 278.802 9.599
202203 8.163 287.504 9.482
202206 7.467 296.311 8.416
202209 7.292 296.808 8.205
202212 7.927 296.797 8.919
202303 7.719 301.836 8.540
202306 8.083 305.109 8.847
202309 8.007 307.789 8.688
202312 7.199 306.746 7.837
202403 7.347 312.332 7.856
202406 7.485 314.175 7.956
202409 7.242 315.301 7.670
202412 6.843 315.605 7.241
202503 6.759 319.799 7.058
202506 6.215 322.561 6.434
202509 6.482 324.800 6.665
202512 6.628 324.054 6.830
202603 6.677 330.213 6.753
202606 6.561 333.952 6.561

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 0.81 mean?
Major Cineplex Group (BKK:MAJOR) has a Cyclically Adjusted PB Ratio of 0.81 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 Major Cineplex Group and its competitors. This is 64% below median its historical median of 2.24. Over the past decade, Major Cineplex Group's Cyclically Adjusted PB Ratio has ranged from 0.74 to 4.79. According to the industry distribution chart, Major Cineplex Group ranks #290 out of 679 companies in the Media - Diversified industry, placing it in the top 42.7%.
Is Major Cineplex Group's Cyclically Adjusted PB Ratio too high?
Major Cineplex Group's current Cyclically Adjusted PB Ratio of 0.81 is 64% below median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 4.79. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Major Cineplex Group's value of 0.81 is 18.2% below this industry median. Based on the distribution chart, Major Cineplex Group ranks #290 out of 679 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Major Cineplex Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Cineplex Group's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Major Cineplex Group ranks #290 out of 679 companies for Cyclically Adjusted PB Ratio. This puts Major Cineplex Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Major Cineplex Group's value of 0.81 is 18.2% below this benchmark. Historically, Major Cineplex Group's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 4.79 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 0.99, Major Cineplex Group 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 679 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. Major Cineplex Group's current Cyclically Adjusted PB Ratio of 0.81 is 18.2% 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 Major Cineplex Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Cineplex Group's current Cyclically Adjusted PB Ratio is 0.81, which is 64% below median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Cineplex Group stock overvalued right now?
Based on GuruFocus' analysis, Major Cineplex Group (BKK:MAJOR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿12.43, compared to a current price of ฿7.15 — trading 42.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.81, which is 64% below median its 10-year median of 2.24 and 18.2% below the Media - Diversified industry median of 0.99. Major Cineplex Group's overall GF Score™ is 71/100 with 8 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 Major Cineplex Group (BKK:MAJOR), the current Cyclically Adjusted PB Ratio is 0.81 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 Major Cineplex Group (BKK:MAJOR) Overvalued in 2026?

Based on GuruFocus' analysis, Major Cineplex Group stock appears to be undervalued. The current stock price of ฿7.15 is trading 42.5% below its estimated GF Value™ of ฿12.43. GuruFocus considers Major Cineplex Group to be Possible Value Trap.

Key valuation signals for BKK:MAJOR:

  • Cyclically Adjusted PB Ratio: 0.81 (64% below median its 10-year median of 2.24)
  • GF Value™: ฿12.43 vs. price of ฿7.15 (42.5% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 18.2% below the Media - Diversified median (#290 of 679)

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


Major Cineplex Group Business Description

Address 1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatujak, Bangkok, THA, 10900
Major Cineplex Group PLC is a diversified media company predominantly engaged in the operation of cinemas. The company's reportable segments include the Cinema business, Advertising business, Bowling and Karaoke business, Rental and Services business, and Movie content business. The cinema business segment, which generates maximum revenue, owns and manages several chains of movie theaters and brands. The advertising and media business offers on-screen advertising and media solutions. The bowling and karaoke services offer their namesake services in branded outlets. The rental and services business leases real estate space, and the movie content segment funds, produces, and distributes feature film content, as well as content on the home video market.
71GF Score

Get the complete analysis for BKK:MAJOR

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

฿7.15
Price
฿12.43
GF Value