Syntec Construction PCL (BKK:SYNTEC) Cyclically Adjusted PB Ratio: 0.49 (As of Aug. 22, 2026) — 14% Below Median

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BKK:SYNTEC Syntec Construction PCL BKK:SYNTEC
76 GF Score
Price ฿1.95
GF Value ฿1.82
Valuation Fairly Valued
! 5 Warning Signs
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What is Syntec Construction PCL Cyclically Adjusted PB Ratio?

Syntec Construction PCL BKK:SYNTEC 76 Cyclically Adjusted PB Ratio is 0.49 as of Aug. 22, 2026, which is 14% below its 10-year median of 0.57. GuruFocus rates BKK:SYNTEC with a GF Score™ of 76/100 and a GF Value™ of ฿1.82 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,284 Construction companies, Syntec Construction PCL ranks better than 78.82% on this metric.

As of today (2026-08-22), Syntec Construction PCL's current share price is ฿1.95. Syntec Construction PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿3.99. Syntec Construction PCL's Cyclically Adjusted PB Ratio for today is 0.49.

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

BKK:SYNTEC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.57   Max: 3.49
Current: 0.48

During the past years, Syntec Construction PCL's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 0.37. And the median was 0.57.

BKK:SYNTEC's Cyclically Adjusted PB Ratio is ranked better than
78.82% of 1284 companies
in the Construction industry
Industry Median: 1.13 vs BKK:SYNTEC: 0.48

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.

Syntec Construction PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿3.902. 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 ฿3.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Syntec Construction PCL  (BKK:SYNTEC) 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.


Syntec Construction PCL Cyclically Adjusted PB Ratio Related Terms


Syntec Construction PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Syntec Construction 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.

Syntec Construction PCL Cyclically Adjusted PB Ratio Chart

Syntec Construction 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 0.68 0.55 0.46 0.43 0.42

Syntec Construction 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 0.43 0.43 0.49 0.42 0.43

BKK:SYNTEC vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Syntec Construction 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.


Syntec Construction PCL Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BKK:SYNTEC
76GF Score
Syntec Construction PCL BKK:SYNTEC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Syntec Construction 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.95/3.99
=0.49

* 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.

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

For example, Syntec Construction 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)
=3.902/330.2130*330.2130
=3.902

Current CPI (Mar. 2026) = 330.2130.

Syntec Construction PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.398 241.018 3.285
201609 2.532 241.428 3.463
201612 2.653 241.432 3.629
201703 2.816 243.801 3.814
201706 2.860 244.955 3.855
201709 3.002 246.819 4.016
201712 3.139 246.524 4.205
201803 3.209 249.554 4.246
201806 3.239 251.989 4.244
201809 3.328 252.439 4.353
201812 3.441 251.233 4.523
201903 3.492 254.202 4.536
201906 3.504 256.143 4.517
201909 3.527 256.759 4.536
201912 3.546 256.974 4.557
202003 3.480 258.115 4.452
202006 3.524 257.797 4.514
202009 3.470 260.280 4.402
202012 3.518 260.474 4.460
202103 3.568 264.877 4.448
202106 3.518 271.696 4.276
202109 3.482 274.310 4.192
202112 3.514 278.802 4.162
202203 3.487 287.504 4.005
202206 3.356 296.311 3.740
202209 3.385 296.808 3.766
202212 3.327 296.797 3.702
202303 3.300 301.836 3.610
202306 3.298 305.109 3.569
202309 3.322 307.789 3.564
202312 3.346 306.746 3.602
202403 3.357 312.332 3.549
202406 3.456 314.175 3.632
202409 3.521 315.301 3.688
202412 3.586 315.605 3.752
202503 3.557 319.799 3.673
202506 3.641 322.561 3.727
202509 3.679 324.800 3.740
202512 3.805 324.054 3.877
202603 3.902 330.213 3.902

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 0.49 mean?
Syntec Construction PCL (BKK:SYNTEC) has a Cyclically Adjusted PB Ratio of 0.49 as of Aug. 22, 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 Syntec Construction PCL and its competitors. This is 14% below median its historical median of 0.57. Over the past decade, Syntec Construction PCL's Cyclically Adjusted PB Ratio has ranged from 0.37 to 3.49. According to the industry distribution chart, Syntec Construction PCL ranks #272 out of 1284 companies in the Construction industry, placing it in the top 21.2%.
Is Syntec Construction PCL's Cyclically Adjusted PB Ratio too high?
Syntec Construction PCL's current Cyclically Adjusted PB Ratio of 0.49 is 14% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 3.49. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Syntec Construction PCL's value of 0.49 is 56.6% below this industry median. Based on the distribution chart, Syntec Construction PCL ranks #272 out of 1284 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Syntec Construction PCL has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Syntec Construction PCL's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Syntec Construction PCL ranks #272 out of 1284 companies for Cyclically Adjusted PB Ratio. This places Syntec Construction PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Syntec Construction PCL's value of 0.49 is 56.6% below this benchmark. Historically, Syntec Construction PCL's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 3.49 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.13, Syntec Construction 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,284 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. Syntec Construction PCL's current Cyclically Adjusted PB Ratio of 0.49 is 56.6% 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 Syntec Construction PCL and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syntec Construction PCL's current Cyclically Adjusted PB Ratio is 0.49, which is 14% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syntec Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Syntec Construction PCL (BKK:SYNTEC) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.82, compared to a current price of ฿1.95 — trading 7.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is 14% below median its 10-year median of 0.57 and 56.6% below the Construction industry median of 1.13. Syntec Construction PCL's overall GF Score™ is 76/100 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 Syntec Construction PCL (BKK:SYNTEC), the current Cyclically Adjusted PB Ratio is 0.49 as of Aug. 22, 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 Syntec Construction PCL (BKK:SYNTEC) Overvalued in 2026?

Based on GuruFocus' analysis, Syntec Construction PCL stock appears to be overvalued. The current stock price of ฿1.95 is trading 7.1% above its estimated GF Value™ of ฿1.82. GuruFocus considers Syntec Construction PCL to be Fairly Valued.

Key valuation signals for BKK:SYNTEC:

  • Cyclically Adjusted PB Ratio: 0.49 (14% below median its 10-year median of 0.57)
  • GF Value™: ฿1.82 vs. price of ฿1.95 (7.1% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 56.6% below the Construction median (#272 of 1284)

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


Syntec Construction PCL Business Description

Address Sukhumvit Road, 555/7-11 Sukhumvit Soi 63 (Ekamai, Klongton Nua, Wattana, Bangkok, THA, 10110
Syntec Construction PCL is engaged in the construction and real estate development for room service or service apartments and the energy business. The company's segments include Construction business, Real estate development for room service or service apartment and rental business, Operate the management business for hotel, service apartment and other properties, and Provide consulting services, procurement, work installation, sanitary system, electricity system and plumbing system. It derives the majority of its revenue from the construction business in Thailand.
76GF Score

Get the complete analysis for BKK:SYNTEC

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

฿1.95
Price
฿1.82
GF Value