Singha Estate PCL (BKK:S) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 03, 2026) — 75% Below Median

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BKK:S Singha Estate PCL BKK:S
49 GF Score
Price ฿0.55
GF Value ฿0.62
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Singha Estate PCL Cyclically Adjusted PB Ratio?

Singha Estate PCL BKK:S +1.85% 49 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 03, 2026, which is 75% below its 10-year median of 0.76. GuruFocus rates BKK:S with a GF Score™ of 49/100 and a GF Value™ of ฿0.62 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 645 Travel & Leisure companies, Singha Estate PCL ranks better than 91.47% on this metric.

As of today (2026-08-03), Singha Estate PCL's current share price is ฿0.55. Singha Estate PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.86. Singha Estate PCL's Cyclically Adjusted PB Ratio for today is 0.19.

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

BKK:S' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.76   Max: 2.52
Current: 0.19

During the past years, Singha Estate PCL's highest Cyclically Adjusted PB Ratio was 2.52. The lowest was 0.16. And the median was 0.76.

BKK:S's Cyclically Adjusted PB Ratio is ranked better than
91.47% of 645 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs BKK:S: 0.19

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.

Singha Estate PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.154. 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 ฿2.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singha Estate PCL  (BKK:S) 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.


Singha Estate PCL Cyclically Adjusted PB Ratio Related Terms


Singha Estate PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Singha Estate 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.

Singha Estate PCL Cyclically Adjusted PB Ratio Chart

Singha Estate 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 0.87 0.72 0.35 0.33 0.17

Singha Estate 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 0.22 0.16 0.20 0.17 0.18

BKK:S vs LVS, MGM, WYNN: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Singha Estate 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.


Singha Estate PCL Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Singha Estate PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:S
49GF Score
Singha Estate PCL BKK:S
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Singha Estate 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.55/2.86
=0.19

* 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.

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

For example, Singha Estate 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)
=2.154/330.2130*330.2130
=2.154

Current CPI (Mar. 2026) = 330.2130.

Singha Estate PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.225 241.018 3.048
201609 2.219 241.428 3.035
201612 2.207 241.432 3.019
201703 2.173 243.801 2.943
201706 2.175 244.955 2.932
201709 2.287 246.819 3.060
201712 2.387 246.524 3.197
201803 2.374 249.554 3.141
201806 2.501 251.989 3.277
201809 2.482 252.439 3.247
201812 2.527 251.233 3.321
201903 2.575 254.202 3.345
201906 2.500 256.143 3.223
201909 2.494 256.759 3.207
201912 2.559 256.974 3.288
202003 2.716 258.115 3.475
202006 2.515 257.797 3.221
202009 2.522 260.280 3.200
202012 2.175 260.474 2.757
202103 2.290 264.877 2.855
202106 2.299 271.696 2.794
202109 2.333 274.310 2.808
202112 2.323 278.802 2.751
202203 2.314 287.504 2.658
202206 2.388 296.311 2.661
202209 2.480 296.808 2.759
202212 2.422 296.797 2.695
202303 2.407 301.836 2.633
202306 2.438 305.109 2.639
202309 2.459 307.789 2.638
202312 2.429 306.746 2.615
202403 2.520 312.332 2.664
202406 2.514 314.175 2.642
202409 2.353 315.301 2.464
202412 2.396 315.605 2.507
202503 2.399 319.799 2.477
202506 2.352 322.561 2.408
202509 2.332 324.800 2.371
202512 2.099 324.054 2.139
202603 2.154 330.213 2.154

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 0.19 mean?
Singha Estate PCL (BKK:S) has a Cyclically Adjusted PB Ratio of 0.19 as of Aug. 03, 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 Singha Estate PCL and its competitors. This is 75% below median its historical median of 0.76. Over the past decade, Singha Estate PCL's Cyclically Adjusted PB Ratio has ranged from 0.16 to 2.52. According to the industry distribution chart, Singha Estate PCL ranks #55 out of 645 companies in the Travel & Leisure industry, placing it in the top 8.5%.
Is Singha Estate PCL's Cyclically Adjusted PB Ratio too high?
Singha Estate PCL's current Cyclically Adjusted PB Ratio of 0.19 is 75% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.52. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Singha Estate PCL's value of 0.19 is 84.2% below this industry median. Based on the distribution chart, Singha Estate PCL ranks #55 out of 645 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Singha Estate PCL has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Singha Estate PCL's Cyclically Adjusted PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Singha Estate PCL ranks #55 out of 645 companies for Cyclically Adjusted PB Ratio. This places Singha Estate PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. Singha Estate PCL's value of 0.19 is 84.2% below this benchmark. Historically, Singha Estate PCL's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 2.52 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.20, Singha Estate 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 645 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. Singha Estate PCL's current Cyclically Adjusted PB Ratio of 0.19 is 84.2% 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 Singha Estate PCL and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singha Estate PCL's current Cyclically Adjusted PB Ratio is 0.19, which is 75% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singha Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Singha Estate PCL (BKK:S) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.62, compared to a current price of ฿0.55 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 75% below median its 10-year median of 0.76 and 84.2% below the Travel & Leisure industry median of 1.20. Singha Estate PCL's overall GF Score™ is 49/100 with 7 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 Singha Estate PCL (BKK:S), the current Cyclically Adjusted PB Ratio is 0.19 as of Aug. 03, 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 Singha Estate PCL (BKK:S) Overvalued in 2026?

Based on GuruFocus' analysis, Singha Estate PCL stock appears to be undervalued. The current stock price of ฿0.55 is trading 11.3% below its estimated GF Value™ of ฿0.62. GuruFocus considers Singha Estate PCL to be Modestly Undervalued.

Key valuation signals for BKK:S:

  • Cyclically Adjusted PB Ratio: 0.19 (75% below median its 10-year median of 0.76)
  • GF Value™: ฿0.62 vs. price of ฿0.55 (11.3% below fair value)
  • GF Score™: 49/100 with 7 warning signs
  • Industry Position: 84.2% below the Travel & Leisure median (#55 of 645)

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


Singha Estate PCL Business Description

Address Vibhavadi - Rangsit Road, 123 Suntowers Building B, 22nd Floor, Chomphon, Chatuchak, Bangkok, THA, 10900
Singha Estate PCL is a real estate development company operating in Thailand. The group is engaged in the development and investment of real estate, hospitality business, property rental business, and real estate development service business. Revenue is generated through unit rental income, service charges for utilities, and other service fees. It operates in the following segments: House and condominium, Hospitality, Investment Property, and Other income. The hospitality segment earns the majority of the revenue. Geographically, the company operates in Thailand, The Republic of Maldives, Fiji and Mauritius and United Kingdom.
49GF Score

Get the complete analysis for BKK:S

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

฿0.55
Price
฿0.62
GF Value