WICE Logistics PCL (BKK:WICE-R) Cyclically Adjusted PB Ratio: 1.81 (As of Aug. 26, 2026) — 18% Above Median

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BKK:WICE-R WICE Logistics PCL BKK:WICE-R
78 GF Score
Price ฿3.26
GF Value ฿4.57
Valuation Modestly Undervalued
! 5 Warning Signs
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What is WICE Logistics PCL Cyclically Adjusted PB Ratio?

WICE Logistics PCL BKK:WICE-R +44.29% 78 Cyclically Adjusted PB Ratio is 1.81 as of Aug. 26, 2026, which is 18% above its 10-year median of 1.54. GuruFocus rates BKK:WICE-R with a GF Score™ of 78/100 and a GF Value™ of ฿4.57 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 707 Transportation companies, WICE Logistics PCL ranks worse than 59.83% on this metric.

As of today (2026-08-26), WICE Logistics PCL's current share price is ฿3.26099. WICE Logistics PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿1.80. WICE Logistics PCL's Cyclically Adjusted PB Ratio for today is 1.81.

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

BKK:WICE-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.54   Max: 4.12
Current: 1.59

During the past years, WICE Logistics PCL's highest Cyclically Adjusted PB Ratio was 4.12. The lowest was 1.17. And the median was 1.54.

BKK:WICE-R's Cyclically Adjusted PB Ratio is ranked worse than
59.83% of 707 companies
in the Transportation industry
Industry Median: 1.27 vs BKK:WICE-R: 1.59

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.

WICE Logistics PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.117. 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 ฿1.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


WICE Logistics PCL  (BKK:WICE-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.


WICE Logistics PCL Cyclically Adjusted PB Ratio Related Terms


WICE Logistics PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WICE Logistics 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.

WICE Logistics PCL Cyclically Adjusted PB Ratio Chart

WICE Logistics 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 2.09 1.18

WICE Logistics 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 1.43 1.56 1.18 1.19 1.26

BKK:WICE-R vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, WICE Logistics 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.


WICE Logistics PCL Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


BKK:WICE-R
78GF Score
WICE Logistics PCL BKK:WICE-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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WICE Logistics 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.26099/1.80
=1.81

* 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.

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

For example, WICE Logistics 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)
=2.117/333.9520*333.9520
=2.117

Current CPI (Jun. 2026) = 333.9520.

WICE Logistics PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.153 241.428 1.595
201612 1.192 241.432 1.649
201703 1.229 243.801 1.683
201706 1.189 244.955 1.621
201709 1.232 246.819 1.667
201712 1.250 246.524 1.693
201803 1.267 249.554 1.695
201806 1.195 251.989 1.584
201809 1.239 252.439 1.639
201812 1.264 251.233 1.680
201903 1.300 254.202 1.708
201906 1.163 256.143 1.516
201909 1.200 256.759 1.561
201912 1.217 256.974 1.582
202003 1.282 258.115 1.659
202006 1.178 257.797 1.526
202009 1.270 260.280 1.629
202012 1.345 260.474 1.724
202103 1.481 264.877 1.867
202106 1.511 271.696 1.857
202109 1.718 274.310 2.092
202112 1.991 278.802 2.385
202203 2.228 287.504 2.588
202206 2.260 296.311 2.547
202209 2.468 296.808 2.777
202212 2.515 296.797 2.830
202303 2.551 301.836 2.822
202306 2.143 305.109 2.346
202309 2.175 307.789 2.360
202312 2.269 306.746 2.470
202403 2.431 312.332 2.599
202406 2.242 314.175 2.383
202409 2.126 315.301 2.252
202412 2.115 315.605 2.238
202503 2.180 319.799 2.276
202506 2.035 322.561 2.107
202509 2.130 324.800 2.190
202512 2.127 324.054 2.192
202603 2.188 330.213 2.213
202606 2.117 333.952 2.117

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 1.81 mean?
WICE Logistics PCL (BKK:WICE-R) has a Cyclically Adjusted PB Ratio of 1.81 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 WICE Logistics PCL and its competitors. This is 18% above median its historical median of 1.54. Over the past decade, WICE Logistics PCL's Cyclically Adjusted PB Ratio has ranged from 1.17 to 4.12. According to the industry distribution chart, WICE Logistics PCL ranks #423 out of 707 companies in the Transportation industry, placing it in the top 59.8%.
Is WICE Logistics PCL's Cyclically Adjusted PB Ratio too high?
WICE Logistics PCL's current Cyclically Adjusted PB Ratio of 1.81 is 18% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 4.12. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. WICE Logistics PCL's value of 1.81 is 42.5% above this industry median. Based on the distribution chart, WICE Logistics PCL ranks #423 out of 707 companies in the Transportation industry, which is below the industry midpoint. Overall, WICE Logistics PCL has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WICE Logistics PCL's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, WICE Logistics PCL ranks #423 out of 707 companies for Cyclically Adjusted PB Ratio. This places WICE Logistics PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. WICE Logistics PCL's value of 1.81 is 42.5% above this benchmark. Historically, WICE Logistics PCL's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 4.12 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.27, WICE Logistics 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 707 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. WICE Logistics PCL's current Cyclically Adjusted PB Ratio of 1.81 is 42.5% 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 WICE Logistics PCL and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WICE Logistics PCL's current Cyclically Adjusted PB Ratio is 1.81, which is 18% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WICE Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, WICE Logistics PCL (BKK:WICE-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿4.57, compared to a current price of ฿3.26 — trading 28.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is 18% above median its 10-year median of 1.54 and 42.5% above the Transportation industry median of 1.27. WICE Logistics PCL's overall GF Score™ is 78/100 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 WICE Logistics PCL (BKK:WICE-R), the current Cyclically Adjusted PB Ratio is 1.81 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 WICE Logistics PCL (BKK:WICE-R) Overvalued in 2026?

Based on GuruFocus' analysis, WICE Logistics PCL stock appears to be undervalued. The current stock price of ฿3.26 is trading 28.6% below its estimated GF Value™ of ฿4.57. GuruFocus considers WICE Logistics PCL to be Modestly Undervalued.

Key valuation signals for BKK:WICE-R:

  • Cyclically Adjusted PB Ratio: 1.81 (18% above median its 10-year median of 1.54)
  • GF Value™: ฿4.57 vs. price of ฿3.26 (28.6% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 42.5% above the Transportation median (#423 of 707)

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


WICE Logistics PCL Business Description

Other Exchanges WICE:Thailand
Address 88/8 Nonsee Road, Chong-Nonsee, Yannawa, Bangkok, THA, 10120
WICE Logistics PCL is a Thailand-based company. The company is engaged in international air and sea freight forwarding, customs broker, inland transportation, cross-border transport, multimodal transport operator, warehousing service and all freight-related services for imports and exports. The company has four reportable segments were sea freight, air freight, cross-border transport services and supply chain solution. The company derives maximum profit from cross-border transport services.
78GF Score

Get the complete analysis for BKK:WICE-R

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

฿3.26
Price
฿4.57
GF Value