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.
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.
MBK PCLBKK:MBK +2.26%77 Cyclically Adjusted PB Ratio is 1.16 as of Jul. 31, 2026, which is 16% above its 10-year median of 1.00. GuruFocus rates BKK:MBK with a GF Score™ of 77/100 and a GF Value™ of ฿19.04 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 472 Conglomerates companies, MBK PCL ranks worse than 53.18% on this metric.
As of today (2026-07-31), MBK PCL's current share price is ฿22.60. MBK PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿19.41. MBK PCL's Cyclically Adjusted PB Ratio for today is 1.16.
The historical rank and industry rank for MBK PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:
BKK:MBK'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1 Max: 2.35
Current: 1.11
During the past years, MBK PCL's highest Cyclically Adjusted PB Ratio was 2.35. The lowest was 0.76. And the median was 1.00.
BKK:MBK's Cyclically Adjusted PB Ratio is ranked worse than 53.18% of 472
companies
in the Conglomerates industry
Industry Median: 1.015
vs BKK:MBK: 1.11
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.
MBK PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿20.547. 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 ฿19.41 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
MBK PCL (BKK:MBK) 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.
MBK PCL Cyclically Adjusted PB Ratio Related Terms
MBK PCL Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for MBK 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.
BKK:MBK vs MMM, HON: Cyclically Adjusted PB Ratio Comparison
For the Conglomerates subindustry, MBK 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.
MBK PCL Cyclically Adjusted PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, MBK PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where MBK PCL's Cyclically Adjusted PB Ratio falls into.
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.
MBK PCL's Cyclically Adjusted PB Ratio for today is calculated as
* 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 1.16 mean?
MBK PCL (BKK:MBK) has a Cyclically Adjusted PB Ratio of 1.16 as of Jul. 31, 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 MBK PCL and its competitors. This is 16% above median its historical median of 1.00. Over the past decade, MBK PCL's Cyclically Adjusted PB Ratio has ranged from 0.76 to 2.35. According to the industry distribution chart, MBK PCL ranks #251 out of 472 companies in the Conglomerates industry, placing it in the top 53.2%.
Is MBK PCL's Cyclically Adjusted PB Ratio too high?
MBK PCL's current Cyclically Adjusted PB Ratio of 1.16 is 16% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.35. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. MBK PCL's value of 1.16 is 14.3% above this industry median. Based on the distribution chart, MBK PCL ranks #251 out of 472 companies in the Conglomerates industry, which is below the industry midpoint. Overall, MBK PCL has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MBK PCL's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, MBK PCL ranks #251 out of 472 companies for Cyclically Adjusted PB Ratio. This places MBK PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. MBK PCL's value of 1.16 is 14.3% above this benchmark. Historically, MBK PCL's own Cyclically Adjusted PB Ratio has ranged from 0.76 to 2.35 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.02, MBK 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 472 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. MBK PCL's current Cyclically Adjusted PB Ratio of 1.16 is 14.3% 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 MBK PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MBK PCL's current Cyclically Adjusted PB Ratio is 1.16, which is 16% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBK PCL stock overvalued right now?
Based on GuruFocus' analysis, MBK PCL (BKK:MBK) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿19.04, compared to a current price of ฿22.60 — trading 18.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 16% above median its 10-year median of 1.00 and 14.3% above the Conglomerates industry median of 1.02. MBK PCL's overall GF Score™ is 77/100 with 10 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 MBK PCL (BKK:MBK), the current Cyclically Adjusted PB Ratio is 1.16 as of Jul. 31, 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 MBK PCL (BKK:MBK) Overvalued in 2026?
Based on GuruFocus' analysis, MBK PCL stock appears to be overvalued.
The current stock price of ฿22.60 is trading 18.7% above its estimated GF Value™ of ฿19.04.
GuruFocus considers MBK PCL to be Modestly Overvalued.
Key valuation signals for BKK:MBK:
Cyclically Adjusted PB Ratio: 1.16 (16% above median its 10-year median of 1.00)
GF Value™: ฿19.04 vs. price of ฿22.60 (18.7% above fair value)
Industry Position: 14.3% above the Conglomerates median (#251 of 472)
No single metric tells the full story. See the BKK:MBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MBK PCL is engaged in multiple businesses. Its businesses includes Shopping center business, Hotel and tourism business, Golf business, Real estate business, Food solutions business, Financial business, Auction business, Corporate supporting center and other business. Shopping center business engages in the business of rental space to retail tenants in the shopping centers and the business of office space for rent. The hotel and tourism business engages in providing for lodging, food and drink, and other facilities and services related for accommodation and travel. Golf business engages in golf services. Real estate business engages in residential for sale, property management and asset appraisal. Auction business engages in the business of car and motorcycle auction.
77GF Score
Get the complete analysis for BKK:MBK
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:MBK has been successfully added to your 
