MCOT PCL (BKK:MCOT) Cyclically Adjusted PB Ratio: 0.56 (As of Aug. 15, 2026) — 10% Above Median

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BKK:MCOT MCOT PCL BKK:MCOT
44 GF Score
Price ฿5.65
GF Value ฿2.92
Valuation Significantly Overvalued
! 3 Warning Signs
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What is MCOT PCL Cyclically Adjusted PB Ratio?

MCOT PCL BKK:MCOT -1.74% 44 Cyclically Adjusted PB Ratio is 0.56 as of Aug. 15, 2026, which is 10% above its 10-year median of 0.51. GuruFocus rates BKK:MCOT with a GF Score™ of 44/100 and a GF Value™ of ฿2.92 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 696 Media - Diversified companies, MCOT PCL ranks better than 67.24% on this metric.

As of today (2026-08-15), MCOT PCL's current share price is ฿5.65. MCOT PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿10.01. MCOT PCL's Cyclically Adjusted PB Ratio for today is 0.56.

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

BKK:MCOT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.51   Max: 1.02
Current: 0.56

During the past years, MCOT PCL's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.26. And the median was 0.51.

BKK:MCOT's Cyclically Adjusted PB Ratio is ranked better than
67.24% of 696 companies
in the Media - Diversified industry
Industry Median: 0.96 vs BKK:MCOT: 0.56

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.

MCOT PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿9.723. 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 ฿10.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MCOT PCL  (BKK:MCOT) 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.


MCOT PCL Cyclically Adjusted PB Ratio Related Terms


MCOT PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MCOT 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.

MCOT PCL Cyclically Adjusted PB Ratio Chart

MCOT 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 0.63 0.46 0.31 0.57 0.31

MCOT PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.36 0.31 0.63

BKK:MCOT vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, MCOT 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.


MCOT PCL Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


BKK:MCOT
44GF Score
MCOT PCL BKK:MCOT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MCOT 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.

MCOT PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.65/10.01
=0.56

* 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.

MCOT PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, MCOT PCL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.723/330.2130*330.2130
=9.723

Current CPI (Mar. 2026) = 330.2130.

MCOT PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.327 241.018 14.149
201609 9.960 241.428 13.623
201612 9.565 241.432 13.082
201703 9.353 243.801 12.668
201706 9.113 244.955 12.285
201709 8.996 246.819 12.036
201712 5.866 246.524 7.857
201803 5.687 249.554 7.525
201806 5.399 251.989 7.075
201809 5.304 252.439 6.938
201812 9.823 251.233 12.911
201903 5.371 254.202 6.977
201906 5.789 256.143 7.463
201909 5.491 256.759 7.062
201912 11.449 256.974 14.712
202003 3.367 258.115 4.307
202006 3.104 257.797 3.976
202009 2.950 260.280 3.743
202012 9.639 260.474 12.220
202103 7.031 264.877 8.765
202106 7.095 271.696 8.623
202109 7.126 274.310 8.578
202112 9.879 278.802 11.701
202203 9.816 287.504 11.274
202206 9.800 296.311 10.921
202209 9.777 296.808 10.877
202212 9.896 296.797 11.010
202303 9.810 301.836 10.732
202306 9.722 305.109 10.522
202309 9.664 307.789 10.368
202312 10.751 306.746 11.573
202403 10.636 312.332 11.245
202406 10.539 314.175 11.077
202409 10.456 315.301 10.951
202412 10.291 315.605 10.767
202503 10.169 319.799 10.500
202506 10.077 322.561 10.316
202509 10.035 324.800 10.202
202512 9.815 324.054 10.002
202603 9.723 330.213 9.723

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 0.56 mean?
MCOT PCL (BKK:MCOT) has a Cyclically Adjusted PB Ratio of 0.56 as of Aug. 15, 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 MCOT PCL and its competitors. This is 10% above median its historical median of 0.51. Over the past decade, MCOT PCL's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.02. According to the industry distribution chart, MCOT PCL ranks #228 out of 696 companies in the Media - Diversified industry, placing it in the top 32.8%.
Is MCOT PCL's Cyclically Adjusted PB Ratio too high?
MCOT PCL's current Cyclically Adjusted PB Ratio of 0.56 is 10% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.02. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.96. MCOT PCL's value of 0.56 is 41.7% below this industry median. Based on the distribution chart, MCOT PCL ranks #228 out of 696 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, MCOT PCL has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MCOT PCL's Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, MCOT PCL ranks #228 out of 696 companies for Cyclically Adjusted PB Ratio. This puts MCOT PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.96. MCOT PCL's value of 0.56 is 41.7% below this benchmark. Historically, MCOT PCL's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.02 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.96, MCOT 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.96, based on 696 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. MCOT PCL's current Cyclically Adjusted PB Ratio of 0.56 is 41.7% 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 MCOT PCL and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MCOT PCL's current Cyclically Adjusted PB Ratio is 0.56, which is 10% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCOT PCL stock overvalued right now?
Based on GuruFocus' analysis, MCOT PCL (BKK:MCOT) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.92, compared to a current price of ฿5.65 — trading 93.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 10% above median its 10-year median of 0.51 and 41.7% below the Media - Diversified industry median of 0.96. MCOT PCL's overall GF Score™ is 44/100 with 3 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 MCOT PCL (BKK:MCOT), the current Cyclically Adjusted PB Ratio is 0.56 as of Aug. 15, 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 MCOT PCL (BKK:MCOT) Overvalued in 2026?

Based on GuruFocus' analysis, MCOT PCL stock appears to be overvalued. The current stock price of ฿5.65 is trading 93.5% above its estimated GF Value™ of ฿2.92. GuruFocus considers MCOT PCL to be Significantly Overvalued.

Key valuation signals for BKK:MCOT:

  • Cyclically Adjusted PB Ratio: 0.56 (10% above median its 10-year median of 0.51)
  • GF Value™: ฿2.92 vs. price of ฿5.65 (93.5% above fair value)
  • GF Score™: 44/100 with 3 warning signs
  • Industry Position: 41.7% below the Media - Diversified median (#228 of 696)

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


MCOT PCL Business Description

Address 63/1 Rama 9 Road, Huay Kwang, Bangkok, THA, 10320
MCOT PCL is engaged in the production of television and radio programming, digital terrestrial TV broadcast network, and facility services, and provides advertisements through TV, radio, and digital media. The company has four business segments: Television & news services, Radio services, Engineering services, and New business services. The majority of its revenue is generated by Engineering services.
44GF Score

Get the complete analysis for BKK:MCOT

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

฿5.65
Price
฿2.92
GF Value