Rajthanee Hospital PCL (BKK:RJH-R) Cyclically Adjusted PB Ratio: 2.43 (As of Aug. 27, 2026) — 28% Above Median

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BKK:RJH-R Rajthanee Hospital PCL BKK:RJH-R
83 GF Score
Price ฿15.58
GF Value ฿19.50
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Rajthanee Hospital PCL Cyclically Adjusted PB Ratio?

Rajthanee Hospital PCL BKK:RJH-R -2.25% 83 Cyclically Adjusted PB Ratio is 2.43 as of Aug. 27, 2026, which is 28% above its 10-year median of 1.90. GuruFocus rates BKK:RJH-R with a GF Score™ of 83/100 and a GF Value™ of ฿19.50 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 334 Healthcare Providers & Services companies, Rajthanee Hospital PCL ranks worse than 58.08% on this metric.

As of today (2026-08-27), Rajthanee Hospital PCL's current share price is ฿15.58397. Rajthanee Hospital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿6.40. Rajthanee Hospital PCL's Cyclically Adjusted PB Ratio for today is 2.43.

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

BKK:RJH-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.71   Med: 1.9   Max: 2.27
Current: 2.2

During the past years, Rajthanee Hospital PCL's highest Cyclically Adjusted PB Ratio was 2.27. The lowest was 1.71. And the median was 1.90.

BKK:RJH-R's Cyclically Adjusted PB Ratio is ranked worse than
58.08% of 334 companies
in the Healthcare Providers & Services industry
Industry Median: 1.91 vs BKK:RJH-R: 2.20

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.

Rajthanee Hospital PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿7.708. 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 ฿6.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rajthanee Hospital PCL  (BKK:RJH-R) 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.


Rajthanee Hospital PCL Cyclically Adjusted PB Ratio Related Terms


Rajthanee Hospital PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rajthanee Hospital 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.

Rajthanee Hospital PCL Cyclically Adjusted PB Ratio Chart

Rajthanee Hospital 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 0.00 0.00 0.00 0.00 1.79

Rajthanee Hospital PCL 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 1.81 1.97 1.79 1.76 1.91

BKK:RJH-R vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Rajthanee Hospital 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.


Rajthanee Hospital PCL Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


BKK:RJH-R
83GF Score
Rajthanee Hospital PCL BKK:RJH-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rajthanee Hospital 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.58397/6.40
=2.43

* 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.

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

For example, Rajthanee Hospital PCL'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)
=7.708/333.9520*333.9520
=7.708

Current CPI (Jun. 2026) = 333.9520.

Rajthanee Hospital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.077 241.428 7.023
201612 4.967 241.432 6.870
201703 5.165 243.801 7.075
201706 5.112 244.955 6.969
201709 5.152 246.819 6.971
201712 5.303 246.524 7.184
201803 5.522 249.554 7.390
201806 4.173 251.989 5.530
201809 4.123 252.439 5.454
201812 4.352 251.233 5.785
201903 4.940 254.202 6.490
201906 4.701 256.143 6.129
201909 4.400 256.759 5.723
201912 4.653 256.974 6.047
202003 4.929 258.115 6.377
202006 4.645 257.797 6.017
202009 4.646 260.280 5.961
202012 4.987 260.474 6.394
202103 5.343 264.877 6.736
202106 5.152 271.696 6.333
202109 6.367 274.310 7.751
202112 6.532 278.802 7.824
202203 8.220 287.504 9.548
202206 8.913 296.311 10.045
202209 7.377 296.808 8.300
202212 7.492 296.797 8.430
202303 7.831 301.836 8.664
202306 7.268 305.109 7.955
202309 6.937 307.789 7.527
202312 6.832 306.746 7.438
202403 7.043 312.332 7.531
202406 7.172 314.175 7.623
202409 7.409 315.301 7.847
202412 6.949 315.605 7.353
202503 7.015 319.799 7.325
202506 6.998 322.561 7.245
202509 7.101 324.800 7.301
202512 7.384 324.054 7.610
202603 7.697 330.213 7.784
202606 7.708 333.952 7.708

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 2.43 mean?
Rajthanee Hospital PCL (BKK:RJH-R) has a Cyclically Adjusted PB Ratio of 2.43 as of Aug. 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 Rajthanee Hospital PCL and its competitors. This is 28% above median its historical median of 1.90. Over the past decade, Rajthanee Hospital PCL's Cyclically Adjusted PB Ratio has ranged from 1.71 to 2.27. According to the industry distribution chart, Rajthanee Hospital PCL ranks #194 out of 334 companies in the Healthcare Providers & Services industry, placing it in the top 58.1%.
Is Rajthanee Hospital PCL's Cyclically Adjusted PB Ratio too high?
Rajthanee Hospital PCL's current Cyclically Adjusted PB Ratio of 2.43 is 28% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 2.27. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.91. Rajthanee Hospital PCL's value of 2.43 is 27.2% above this industry median. Based on the distribution chart, Rajthanee Hospital PCL ranks #194 out of 334 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Rajthanee Hospital PCL has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rajthanee Hospital PCL's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Rajthanee Hospital PCL ranks #194 out of 334 companies for Cyclically Adjusted PB Ratio. This places Rajthanee Hospital PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.91. Rajthanee Hospital PCL's value of 2.43 is 27.2% above this benchmark. Historically, Rajthanee Hospital PCL's own Cyclically Adjusted PB Ratio has ranged from 1.71 to 2.27 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 1.91, Rajthanee Hospital 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.91, based on 334 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. Rajthanee Hospital PCL's current Cyclically Adjusted PB Ratio of 2.43 is 27.2% 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 Rajthanee Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajthanee Hospital PCL's current Cyclically Adjusted PB Ratio is 2.43, which is 28% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajthanee Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Rajthanee Hospital PCL (BKK:RJH-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿19.50, compared to a current price of ฿15.58 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.43, which is 28% above median its 10-year median of 1.90 and 27.2% above the Healthcare Providers & Services industry median of 1.91. Rajthanee Hospital PCL's overall GF Score™ is 83/100 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 Rajthanee Hospital PCL (BKK:RJH-R), the current Cyclically Adjusted PB Ratio is 2.43 as of Aug. 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 Rajthanee Hospital PCL (BKK:RJH-R) Overvalued in 2026?

Based on GuruFocus' analysis, Rajthanee Hospital PCL stock appears to be undervalued. The current stock price of ฿15.58 is trading 20.1% below its estimated GF Value™ of ฿19.50. GuruFocus considers Rajthanee Hospital PCL to be Modestly Undervalued.

Key valuation signals for BKK:RJH-R:

  • Cyclically Adjusted PB Ratio: 2.43 (28% above median its 10-year median of 1.90)
  • GF Value™: ฿19.50 vs. price of ฿15.58 (20.1% below fair value)
  • GF Score™: 83/100 with 10 warning signs
  • Industry Position: 27.2% above the Healthcare Providers & Services median (#194 of 334)

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


Rajthanee Hospital PCL Business Description

Other Exchanges RJH:Thailand
Address No. 111 Moo 3, Rojana Road, Khlong Suan Phlu Sub-district, Phra Nakhon Si Ayutthaya District, Phra Nakhon Si Ayutthaya, THA, 13000
Rajthanee Hospital PCL operates mainly in healthcare services. It is principally engaged in providing healthcare as private hospital and hospital under the affiliated of social security. The company operates inpatient medical facilities in the form of general hospitals under the names "Rajathani Hospital" and "Rajathani Rojjana Hospital". It provides healthcare services, including medical service centers and clinics, patient rooms, ambulance services, technology support, and other related facilities and services.
83GF Score

Get the complete analysis for BKK:RJH-R

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

฿15.58
Price
฿19.50
GF Value