Principal Capital PCL (BKK:PRINC) Cyclically Adjusted PB Ratio: 0.60 (As of Jul. 27, 2026) — 64% Below Median

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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.
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Founder & CEO of GuruFocus
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BKK:PRINC Principal Capital PCL BKK:PRINC
58 GF Score
Price ฿1.74
GF Value ฿3.18
Valuation Possible Value Trap
! 3 Warning Signs
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What is Principal Capital PCL Cyclically Adjusted PB Ratio?

Principal Capital PCL BKK:PRINC +0.58% 58 Cyclically Adjusted PB Ratio is 0.60 as of Jul. 27, 2026, which is 64% below its 10-year median of 1.69. GuruFocus rates BKK:PRINC with a GF Score™ of 58/100 and a GF Value™ of ฿3.18 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Principal Capital PCL ranks better than 80.9% on this metric.

As of today (2026-07-27), Principal Capital PCL's current share price is ฿1.74. Principal Capital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.92. Principal Capital PCL's Cyclically Adjusted PB Ratio for today is 0.60.

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

BKK:PRINC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.69   Max: 2.99
Current: 0.6

During the past years, Principal Capital PCL's highest Cyclically Adjusted PB Ratio was 2.99. The lowest was 0.58. And the median was 1.69.

BKK:PRINC's Cyclically Adjusted PB Ratio is ranked better than
80.9% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.83 vs BKK:PRINC: 0.60

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.

Principal Capital PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.262. 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 ฿2.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Principal Capital PCL  (BKK:PRINC) 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.


Principal Capital PCL Cyclically Adjusted PB Ratio Related Terms


Principal Capital PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Principal Capital 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.

Principal Capital PCL Cyclically Adjusted PB Ratio Chart

Principal Capital 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 1.84 2.11 1.60 1.01 0.59

Principal Capital 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 0.83 0.67 0.70 0.59 0.62

BKK:PRINC vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Principal Capital 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.


Principal Capital PCL Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Principal Capital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:PRINC
58GF Score
Principal Capital PCL BKK:PRINC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Principal Capital 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.74/2.92
=0.60

* 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.

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

For example, Principal Capital 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)
=2.262/330.2130*330.2130
=2.262

Current CPI (Mar. 2026) = 330.2130.

Principal Capital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.055 241.018 2.816
201609 2.584 241.428 3.534
201612 2.415 241.432 3.303
201703 2.409 243.801 3.263
201706 2.354 244.955 3.173
201709 2.345 246.819 3.137
201712 2.545 246.524 3.409
201803 2.552 249.554 3.377
201806 2.532 251.989 3.318
201809 2.528 252.439 3.307
201812 2.493 251.233 3.277
201903 2.470 254.202 3.209
201906 2.439 256.143 3.144
201909 2.490 256.759 3.202
201912 2.544 256.974 3.269
202003 2.510 258.115 3.211
202006 2.461 257.797 3.152
202009 2.422 260.280 3.073
202012 2.396 260.474 3.038
202103 2.350 264.877 2.930
202106 2.468 271.696 3.000
202109 2.541 274.310 3.059
202112 2.575 278.802 3.050
202203 2.686 287.504 3.085
202206 2.721 296.311 3.032
202209 2.550 296.808 2.837
202212 2.496 296.797 2.777
202303 2.459 301.836 2.690
202306 2.361 305.109 2.555
202309 2.370 307.789 2.543
202312 2.308 306.746 2.485
202403 2.298 312.332 2.430
202406 2.261 314.175 2.376
202409 2.454 315.301 2.570
202412 2.402 315.605 2.513
202503 2.376 319.799 2.453
202506 2.326 322.561 2.381
202509 2.307 324.800 2.345
202512 2.291 324.054 2.335
202603 2.262 330.213 2.262

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 0.60 mean?
Principal Capital PCL (BKK:PRINC) has a Cyclically Adjusted PB Ratio of 0.60 as of Jul. 27, 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 Principal Capital PCL and its competitors. This is 64% below median its historical median of 1.69. Over the past decade, Principal Capital PCL's Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.99. According to the industry distribution chart, Principal Capital PCL ranks #68 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 19.1%.
Is Principal Capital PCL's Cyclically Adjusted PB Ratio too high?
Principal Capital PCL's current Cyclically Adjusted PB Ratio of 0.60 is 64% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.99. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.83. Principal Capital PCL's value of 0.60 is 67.2% below this industry median. Based on the distribution chart, Principal Capital PCL ranks #68 out of 356 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Principal Capital PCL has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Principal Capital PCL's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Principal Capital PCL ranks #68 out of 356 companies for Cyclically Adjusted PB Ratio. This places Principal Capital PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.83. Principal Capital PCL's value of 0.60 is 67.2% below this benchmark. Historically, Principal Capital PCL's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.99 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.83, Principal Capital 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.83, based on 356 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. Principal Capital PCL's current Cyclically Adjusted PB Ratio of 0.60 is 67.2% 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 Principal Capital PCL and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Principal Capital PCL's current Cyclically Adjusted PB Ratio is 0.60, which is 64% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Principal Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Principal Capital PCL (BKK:PRINC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.18, compared to a current price of ฿1.74 — trading 45.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is 64% below median its 10-year median of 1.69 and 67.2% below the Healthcare Providers & Services industry median of 1.83. Principal Capital PCL's overall GF Score™ is 58/100 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 Principal Capital PCL (BKK:PRINC), the current Cyclically Adjusted PB Ratio is 0.60 as of Jul. 27, 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 Principal Capital PCL (BKK:PRINC) Overvalued in 2026?

Based on GuruFocus' analysis, Principal Capital PCL stock appears to be undervalued. The current stock price of ฿1.74 is trading 45.3% below its estimated GF Value™ of ฿3.18. GuruFocus considers Principal Capital PCL to be Possible Value Trap.

Key valuation signals for BKK:PRINC:

  • Cyclically Adjusted PB Ratio: 0.60 (64% below median its 10-year median of 1.69)
  • GF Value™: ฿3.18 vs. price of ฿1.74 (45.3% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 67.2% below the Healthcare Providers & Services median (#68 of 356)

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


Principal Capital PCL Business Description

Address Sukhumvit 63 Road, No. 29, 23rd floor, Bangkok Business Center Building, Klongtonnua, Wattana, Bangkok, THA, 10110
Principal Capital PCL is a healthcare services provider. The company's segments include Healthcare services business, Property Development and Rental business and Others. It derives majority of the revenue from Healthcare services business segment. Revenues from healthcare services include doctor fee, room service, and medical fee.
58GF Score

Get the complete analysis for BKK:PRINC

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

฿1.74
Price
฿3.18
GF Value