Vintcom Technology PCL (BKK:VCOM) Cyclically Adjusted PB Ratio: 2.17 (As of Jul. 19, 2026) — 37% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BKK:VCOM Vintcom Technology PCL BKK:VCOM
72 GF Score
Price ฿4.08
GF Value ฿2.98
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Vintcom Technology PCL Cyclically Adjusted PB Ratio?

Vintcom Technology PCL BKK:VCOM +1.49% 72 Cyclically Adjusted PB Ratio is 2.17 as of Jul. 19, 2026, which is 37% above its 10-year median of 1.58. GuruFocus rates BKK:VCOM with a GF Score™ of 72/100 and a GF Value™ of ฿2.98 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,980 Hardware companies, Vintcom Technology PCL ranks worse than 52.42% on this metric.

As of today (2026-07-19), Vintcom Technology PCL's current share price is ฿4.08. Vintcom Technology PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.88. Vintcom Technology PCL's Cyclically Adjusted PB Ratio for today is 2.17.

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

BKK:VCOM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.58   Max: 2.17
Current: 2.17

During the past years, Vintcom Technology PCL's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 1.26. And the median was 1.58.

BKK:VCOM's Cyclically Adjusted PB Ratio is ranked worse than
52.42% of 1980 companies
in the Hardware industry
Industry Median: 2.01 vs BKK:VCOM: 2.17

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.

Vintcom Technology PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.070. 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 ฿1.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vintcom Technology PCL  (BKK:VCOM) 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.


Vintcom Technology PCL Cyclically Adjusted PB Ratio Related Terms


Vintcom Technology PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vintcom Technology 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.

Vintcom Technology PCL Cyclically Adjusted PB Ratio Chart

Vintcom Technology 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 1.40 1.61

Vintcom Technology 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 1.32 1.47 1.59 1.61 1.74

BKK:VCOM vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Vintcom Technology 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.


Vintcom Technology PCL Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Vintcom Technology PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:VCOM
72GF Score
Vintcom Technology PCL BKK:VCOM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vintcom Technology 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.08/1.88
=2.17

* 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.

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

For example, Vintcom Technology 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)
=2.07/330.2130*330.2130
=2.070

Current CPI (Mar. 2026) = 330.2130.

Vintcom Technology PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.666 241.432 0.911
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.575 246.819 0.769
201712 1.233 246.524 1.652
201803 1.247 249.554 1.650
201806 1.223 251.989 1.603
201809 1.260 252.439 1.648
201812 1.366 251.233 1.795
201903 1.394 254.202 1.811
201906 1.375 256.143 1.773
201909 1.451 256.759 1.866
201912 1.467 256.974 1.885
202003 1.400 258.115 1.791
202006 1.538 257.797 1.970
202009 1.519 260.280 1.927
202012 1.503 260.474 1.905
202103 1.601 264.877 1.996
202106 1.728 271.696 2.100
202109 1.739 274.310 2.093
202112 1.828 278.802 2.165
202203 1.909 287.504 2.193
202206 1.866 296.311 2.079
202209 1.855 296.808 2.064
202212 1.907 296.797 2.122
202303 1.987 301.836 2.174
202306 1.884 305.109 2.039
202309 1.832 307.789 1.965
202312 1.890 306.746 2.035
202403 1.981 312.332 2.094
202406 1.890 314.175 1.986
202409 1.755 315.301 1.838
202412 1.865 315.605 1.951
202503 1.972 319.799 2.036
202506 1.884 322.561 1.929
202509 1.815 324.800 1.845
202512 1.943 324.054 1.980
202603 2.070 330.213 2.070

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 2.17 mean?
Vintcom Technology PCL (BKK:VCOM) has a Cyclically Adjusted PB Ratio of 2.17 as of Jul. 19, 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 Vintcom Technology PCL and its competitors. This is 37% above median its historical median of 1.58. Over the past decade, Vintcom Technology PCL's Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.17. According to the industry distribution chart, Vintcom Technology PCL ranks #1038 out of 1980 companies in the Hardware industry, placing it in the top 52.4%.
Is Vintcom Technology PCL's Cyclically Adjusted PB Ratio too high?
Vintcom Technology PCL's current Cyclically Adjusted PB Ratio of 2.17 is 37% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 2.17. The Hardware industry median Cyclically Adjusted PB Ratio is 2.01. Vintcom Technology PCL's value of 2.17 is 8% above this industry median. Based on the distribution chart, Vintcom Technology PCL ranks #1038 out of 1980 companies in the Hardware industry, which is below the industry midpoint. Overall, Vintcom Technology PCL has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vintcom Technology PCL's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Vintcom Technology PCL ranks #1038 out of 1980 companies for Cyclically Adjusted PB Ratio. This places Vintcom Technology PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.01. Vintcom Technology PCL's value of 2.17 is 8% above this benchmark. Historically, Vintcom Technology PCL's own Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.17 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 2.01, Vintcom Technology 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.01, based on 1,980 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. Vintcom Technology PCL's current Cyclically Adjusted PB Ratio of 2.17 is 8% 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 Vintcom Technology PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vintcom Technology PCL's current Cyclically Adjusted PB Ratio is 2.17, which is 37% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vintcom Technology PCL stock overvalued right now?
Based on GuruFocus' analysis, Vintcom Technology PCL (BKK:VCOM) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.98, compared to a current price of ฿4.08 — trading 36.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.17, which is 37% above median its 10-year median of 1.58 and 8% above the Hardware industry median of 2.01. Vintcom Technology PCL's overall GF Score™ is 72/100 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 Vintcom Technology PCL (BKK:VCOM), the current Cyclically Adjusted PB Ratio is 2.17 as of Jul. 19, 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 Vintcom Technology PCL (BKK:VCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Vintcom Technology PCL stock appears to be overvalued. The current stock price of ฿4.08 is trading 36.9% above its estimated GF Value™ of ฿2.98. GuruFocus considers Vintcom Technology PCL to be Significantly Overvalued.

Key valuation signals for BKK:VCOM:

  • Cyclically Adjusted PB Ratio: 2.17 (37% above median its 10-year median of 1.58)
  • GF Value™: ฿2.98 vs. price of ฿4.08 (36.9% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 8% above the Hardware median (#1038 of 1980)

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


Vintcom Technology PCL Business Description

Address Sukhumvit 21 Road (Asoke, 14th Floor, 159/21 Serm-Mit Tower, Unit 1401, North-Klongtoey Sub-District, Wattana District, Bangkok, THA, 10110
Vintcom Technology PCL is a Thailand-based company engaged in trading computers and equipment including related software and related services for the computer. It operates in two segments - Sale of goods and Rendering of services. It generates a majority of its revenue from the sale of goods segment. Geographically, the firm earns substantial revenue from Thailand and also serves Myanmar, Cambodia and other countries.
72GF Score

Get the complete analysis for BKK:VCOM

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

฿4.08
Price
฿2.98
GF Value