Patkol PCL (BKK:PK) Cyclically Adjusted PB Ratio: 0.14 (As of Aug. 21, 2026) — 67% 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:PK Patkol PCL BKK:PK
30 GF Score
Price ฿0.50
GF Value ฿0.46
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Patkol PCL Cyclically Adjusted PB Ratio?

Patkol PCL BKK:PK +4.17% 30 Cyclically Adjusted PB Ratio is 0.14 as of Aug. 21, 2026, which is 67% below its 10-year median of 0.43. GuruFocus rates BKK:PK with a GF Score™ of 30/100 and a GF Value™ of ฿0.46 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,159 Industrial Products companies, Patkol PCL ranks better than 98.24% on this metric.

As of today (2026-08-21), Patkol PCL's current share price is ฿0.50. Patkol PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿3.64. Patkol PCL's Cyclically Adjusted PB Ratio for today is 0.14.

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

BKK:PK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.43   Max: 1.27
Current: 0.13

During the past years, Patkol PCL's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.09. And the median was 0.43.

BKK:PK's Cyclically Adjusted PB Ratio is ranked better than
98.24% of 2159 companies
in the Industrial Products industry
Industry Median: 2.14 vs BKK:PK: 0.13

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.

Patkol PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.213. 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 ฿3.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Patkol PCL  (BKK:PK) 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.


Patkol PCL Cyclically Adjusted PB Ratio Related Terms


Patkol PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Patkol 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.

Patkol PCL Cyclically Adjusted PB Ratio Chart

Patkol 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 0.77 0.53 0.27 0.15 0.15

Patkol 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 0.10 0.17 0.17 0.15 0.11

BKK:PK vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Patkol 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.


Patkol PCL Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Patkol PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:PK
30GF Score
Patkol PCL BKK:PK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Patkol 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.50/3.64
=0.14

* 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.

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

For example, Patkol 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)
=2.213/330.2130*330.2130
=2.213

Current CPI (Mar. 2026) = 330.2130.

Patkol PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.224 241.018 4.417
201609 3.335 241.428 4.561
201612 3.194 241.432 4.369
201703 3.595 243.801 4.869
201706 3.357 244.955 4.525
201709 3.545 246.819 4.743
201712 3.659 246.524 4.901
201803 3.661 249.554 4.844
201806 3.628 251.989 4.754
201809 3.567 252.439 4.666
201812 3.491 251.233 4.588
201903 3.278 254.202 4.258
201906 3.152 256.143 4.063
201909 2.950 256.759 3.794
201912 3.281 256.974 4.216
202003 3.236 258.115 4.140
202006 3.278 257.797 4.199
202009 3.313 260.280 4.203
202012 3.485 260.474 4.418
202103 3.538 264.877 4.411
202106 2.860 271.696 3.476
202109 2.923 274.310 3.519
202112 3.005 278.802 3.559
202203 2.952 287.504 3.391
202206 2.695 296.311 3.003
202209 2.666 296.808 2.966
202212 2.833 296.797 3.152
202303 2.839 301.836 3.106
202306 2.750 305.109 2.976
202309 2.696 307.789 2.892
202312 2.577 306.746 2.774
202403 2.460 312.332 2.601
202406 2.480 314.175 2.607
202409 2.348 315.301 2.459
202412 2.287 315.605 2.393
202503 2.350 319.799 2.427
202506 2.346 322.561 2.402
202509 2.305 324.800 2.343
202512 2.273 324.054 2.316
202603 2.213 330.213 2.213

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 0.14 mean?
Patkol PCL (BKK:PK) has a Cyclically Adjusted PB Ratio of 0.14 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 Patkol PCL and its competitors. This is 67% below median its historical median of 0.43. Over the past decade, Patkol PCL's Cyclically Adjusted PB Ratio has ranged from 0.09 to 1.27. According to the industry distribution chart, Patkol PCL ranks #38 out of 2159 companies in the Industrial Products industry, placing it in the top 1.8%.
Is Patkol PCL's Cyclically Adjusted PB Ratio too high?
Patkol PCL's current Cyclically Adjusted PB Ratio of 0.14 is 67% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.27. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Patkol PCL's value of 0.14 is 93.5% below this industry median. Based on the distribution chart, Patkol PCL ranks #38 out of 2159 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Patkol PCL has a GF Score™ of 30/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patkol PCL's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Patkol PCL ranks #38 out of 2159 companies for Cyclically Adjusted PB Ratio. This places Patkol PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.14. Patkol PCL's value of 0.14 is 93.5% below this benchmark. Historically, Patkol PCL's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 1.27 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 2.14, Patkol 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,159 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. Patkol PCL's current Cyclically Adjusted PB Ratio of 0.14 is 93.5% 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 Patkol PCL and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patkol PCL's current Cyclically Adjusted PB Ratio is 0.14, which is 67% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patkol PCL stock overvalued right now?
Based on GuruFocus' analysis, Patkol PCL (BKK:PK) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.46, compared to a current price of ฿0.50 — trading 8.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.14, which is 67% below median its 10-year median of 0.43 and 93.5% below the Industrial Products industry median of 2.14. Patkol PCL's overall GF Score™ is 30/100 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 Patkol PCL (BKK:PK), the current Cyclically Adjusted PB Ratio is 0.14 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 Patkol PCL (BKK:PK) Overvalued in 2026?

Based on GuruFocus' analysis, Patkol PCL stock appears to be overvalued. The current stock price of ฿0.50 is trading 8.7% above its estimated GF Value™ of ฿0.46. GuruFocus considers Patkol PCL to be Fairly Valued.

Key valuation signals for BKK:PK:

  • Cyclically Adjusted PB Ratio: 0.14 (67% below median its 10-year median of 0.43)
  • GF Value™: ฿0.46 vs. price of ฿0.50 (8.7% above fair value)
  • GF Score™: 30/100 with 3 warning signs
  • Industry Position: 93.5% below the Industrial Products median (#38 of 2159)

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


Patkol PCL Business Description

Address 348 Chalermprakiat Rama 9 Road, Nongbon Subdistrict, Pravate District, Bangkok, THA, 10250
Patkol PCL is a Thailand-based company involved in the diversified business sector. It is engaged in the trading and services of engineering products, which include turnkey sales of services in the design, manufacturing, and installation of various types of industrial refrigeration for the ice-making industry and supermarket, dairy, and ice-cream processing, as well as food-related processing plants and supplies made to order. Its segments include the ice machine and system; the Machine and system for food industry; and Non-Patkol brand, out of which the Ice machine and system segment generates the majority of revenue for the company.
30GF Score

Get the complete analysis for BKK:PK

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

฿0.50
Price
฿0.46
GF Value