Sikarin PCL (BKK:SKR-R) Cyclically Adjusted PB Ratio: 2.92 (As of Aug. 26, 2026) — 28% 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:SKR-R Sikarin PCL BKK:SKR-R
90 GF Score
Price ฿7.85
GF Value ฿8.11
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Sikarin PCL Cyclically Adjusted PB Ratio?

Sikarin PCL BKK:SKR-R -0.63% 90 Cyclically Adjusted PB Ratio is 2.92 as of Aug. 26, 2026, which is 28% below its 10-year median of 4.07. GuruFocus rates BKK:SKR-R with a GF Score™ of 90/100 and a GF Value™ of ฿8.11 (Fairly Valued). The stock has 5 warning signs investors should review. Among 338 Healthcare Providers & Services companies, Sikarin PCL ranks worse than 65.09% on this metric.

As of today (2026-08-26), Sikarin PCL's current share price is ฿7.85. Sikarin PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿2.69. Sikarin PCL's Cyclically Adjusted PB Ratio for today is 2.92.

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

BKK:SKR-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.35   Med: 4.07   Max: 8.66
Current: 2.56

During the past years, Sikarin PCL's highest Cyclically Adjusted PB Ratio was 8.66. The lowest was 2.35. And the median was 4.07.

BKK:SKR-R's Cyclically Adjusted PB Ratio is ranked worse than
65.09% of 338 companies
in the Healthcare Providers & Services industry
Industry Median: 1.9 vs BKK:SKR-R: 2.56

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.

Sikarin PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿3.801. 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 ฿2.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sikarin PCL  (BKK:SKR-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.


Sikarin PCL Cyclically Adjusted PB Ratio Related Terms


Sikarin PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sikarin 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.

Sikarin PCL Cyclically Adjusted PB Ratio Chart

Sikarin 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 7.93 7.07 4.52 3.76 2.46

Sikarin 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 2.55 2.82 2.46 2.35 2.61

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

For the Medical Care Facilities subindustry, Sikarin 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.


Sikarin PCL Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


BKK:SKR-R
90GF Score
Sikarin PCL BKK:SKR-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sikarin 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.85/2.69
=2.92

* 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.

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

For example, Sikarin 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)
=3.801/333.9520*333.9520
=3.801

Current CPI (Jun. 2026) = 333.9520.

Sikarin PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.196 241.428 1.654
201612 2.115 241.432 2.925
201703 1.734 243.801 2.375
201706 1.701 244.955 2.319
201709 1.738 246.819 2.352
201712 1.763 246.524 2.388
201803 1.786 249.554 2.390
201806 1.776 251.989 2.354
201809 1.826 252.439 2.416
201812 1.868 251.233 2.483
201903 1.904 254.202 2.501
201906 1.848 256.143 2.409
201909 1.900 256.759 2.471
201912 1.920 256.974 2.495
202003 1.952 258.115 2.526
202006 1.924 257.797 2.492
202009 1.976 260.280 2.535
202012 2.021 260.474 2.591
202103 2.069 264.877 2.609
202106 2.056 271.696 2.527
202109 2.214 274.310 2.695
202112 2.681 278.802 3.211
202203 2.866 287.504 3.329
202206 2.830 296.311 3.190
202209 2.899 296.808 3.262
202212 3.311 296.797 3.725
202303 3.414 301.836 3.777
202306 3.445 305.109 3.771
202309 3.478 307.789 3.774
202312 3.574 306.746 3.891
202403 3.689 312.332 3.944
202406 3.679 314.175 3.911
202409 3.708 315.301 3.927
202412 3.717 315.605 3.933
202503 3.817 319.799 3.986
202506 3.797 322.561 3.931
202509 3.773 324.800 3.879
202512 3.840 324.054 3.957
202603 3.900 330.213 3.944
202606 3.801 333.952 3.801

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 2.92 mean?
Sikarin PCL (BKK:SKR-R) has a Cyclically Adjusted PB Ratio of 2.92 as of Aug. 26, 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 Sikarin PCL and its competitors. This is 28% below median its historical median of 4.07. Over the past decade, Sikarin PCL's Cyclically Adjusted PB Ratio has ranged from 2.35 to 8.66. According to the industry distribution chart, Sikarin PCL ranks #220 out of 338 companies in the Healthcare Providers & Services industry, placing it in the top 65.1%.
Is Sikarin PCL's Cyclically Adjusted PB Ratio too high?
Sikarin PCL's current Cyclically Adjusted PB Ratio of 2.92 is 28% below median its 10-year median of 4.07. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 8.66. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.90. Sikarin PCL's value of 2.92 is 53.7% above this industry median. Based on the distribution chart, Sikarin PCL ranks #220 out of 338 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Sikarin PCL has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sikarin PCL's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Sikarin PCL ranks #220 out of 338 companies for Cyclically Adjusted PB Ratio. This places Sikarin PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.90. Sikarin PCL's value of 2.92 is 53.7% above this benchmark. Historically, Sikarin PCL's own Cyclically Adjusted PB Ratio has ranged from 2.35 to 8.66 over the past decade. While the company's 10-year median is 4.07 vs. the industry median of 1.90, Sikarin 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 1.90, based on 338 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. Sikarin PCL's current Cyclically Adjusted PB Ratio of 2.92 is 53.7% 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 Sikarin PCL and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sikarin PCL's current Cyclically Adjusted PB Ratio is 2.92, which is 28% below median its own 10-year median of 4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sikarin PCL stock overvalued right now?
Based on GuruFocus' analysis, Sikarin PCL (BKK:SKR-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿8.11, compared to a current price of ฿7.85 — trading 3.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.92, which is 28% below median its 10-year median of 4.07 and 53.7% above the Healthcare Providers & Services industry median of 1.90. Sikarin PCL's overall GF Score™ is 90/100 with 5 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 Sikarin PCL (BKK:SKR-R), the current Cyclically Adjusted PB Ratio is 2.92 as of Aug. 26, 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 Sikarin PCL (BKK:SKR-R) Overvalued in 2026?

Based on GuruFocus' analysis, Sikarin PCL stock appears to be undervalued. The current stock price of ฿7.85 is trading 3.2% below its estimated GF Value™ of ฿8.11. GuruFocus considers Sikarin PCL to be Fairly Valued.

Key valuation signals for BKK:SKR-R:

  • Cyclically Adjusted PB Ratio: 2.92 (28% below median its 10-year median of 4.07)
  • GF Value™: ฿8.11 vs. price of ฿7.85 (3.2% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 53.7% above the Healthcare Providers & Services median (#220 of 338)

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


Sikarin PCL Business Description

Other Exchanges SKR:Thailand
Address 976, Lasalle Road, Bangna Tai Subdistrict, Bangna District, Bangkok, THA, 10260
SSikarin PCL provides general healthcare services and operates under the social security system. The Group has one main operating segment, which is providing healthcare services through private hospitals and hospitals affiliated with the social security system. The Group operates in a single geographical area, which is Thailand. Its services include medical centers, a pediatric center, a women's institute, a radiology center, a neurology center, a rehabilitation center, and an orthopedic center.
90GF Score

Get the complete analysis for BKK:SKR-R

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

฿7.85
Price
฿8.11
GF Value