International Research PCL (BKK:IRCP) PB Ratio: 0.45 (As of Jul. 22, 2026) — 47% 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:IRCP International Research Corp PCL BKK:IRCP
27 GF Score
Price ฿0.31
GF Value ฿0.32
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is International Research PCL PB Ratio?

International Research PCL BKK:IRCP -6.06% 27 PB Ratio is 0.45 as of Jul. 22, 2026, which is 47% below its 10-year median of 0.85. GuruFocus rates BKK:IRCP with a GF Score™ of 27/100 and a GF Value™ of ฿0.32 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,635 Software companies, International Research PCL ranks better than 94.72% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-22), International Research PCL's share price is ฿0.31. International Research PCL's Book Value per Share for the quarter that ended in Mar. 2026 was ฿0.69. Hence, International Research PCL's PB Ratio of today is 0.45.

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

BKK:IRCP' s PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.85   Max: 3.8
Current: 0.48

During the past 13 years, International Research PCL's highest PB Ratio was 3.80. The lowest was 0.35. And the median was 0.85.

BKK:IRCP's PB Ratio is ranked better than
94.72% of 2635 companies
in the Software industry
Industry Median: 2.37 vs BKK:IRCP: 0.48

During the past 12 months, International Research PCL's average Book Value Per Share Growth Rate was -31.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -11.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -4.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of International Research PCL was 64.40% per year. The lowest was -19.50% per year. And the median was 8.70% per year.

Back to Basics: PB Ratio


International Research PCL  (BKK:IRCP) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


International Research PCL PB Ratio Related Terms


International Research PCL PB Ratio Historical Data

* Premium members only.

The historical data trend for International Research PCL's 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.

International Research PCL PB Ratio Chart

International Research PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 1.03 0.67 0.51 0.43

International Research PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.39 0.39 0.58 0.43 0.36

BKK:IRCP vs IBM, ACN, FISV: PB Ratio Comparison

For the Information Technology Services subindustry, International Research PCL's PB Ratio, along with its competitors' market caps and 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.


International Research PCL PB Ratio vs Software Industry

For the Software industry and Technology sector, International Research PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where International Research PCL's PB Ratio falls into.


BKK:IRCP
27GF Score
International Research Corp PCL BKK:IRCP
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Research PCL PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

International Research PCL's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.31/0.687
=0.45

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.45 mean?
International Research PCL (BKK:IRCP) has a PB Ratio of 0.45 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on International Research PCL and its competitors. This is 47% below median its historical median of 0.85. Over the past decade, International Research PCL's PB Ratio has ranged from 0.35 to 3.80. According to the industry distribution chart, International Research PCL ranks #139 out of 2635 companies in the Software industry, placing it in the top 5.3%.
Is International Research PCL's PB Ratio too high?
International Research PCL's current PB Ratio of 0.45 is 47% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 3.80. The Software industry median PB Ratio is 2.37. International Research PCL's value of 0.45 is 81% below this industry median. Based on the distribution chart, International Research PCL ranks #139 out of 2635 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, International Research PCL has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, International Research PCL ranks #139 out of 2635 companies for PB Ratio. This places International Research PCL in the top 5% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.37. International Research PCL's value of 0.45 is 81% below this benchmark. Historically, International Research PCL's own PB Ratio has ranged from 0.35 to 3.80 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 2.37, International Research 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.37, based on 2,635 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Research PCL's current PB Ratio of 0.45 is 81% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on International Research PCL and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current PB Ratio is 0.45, which is 47% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.31 — trading 3.1% below its estimated fair value. The current PB Ratio is 0.45, which is 47% below median its 10-year median of 0.85 and 81% below the Software industry median of 2.37. International Research PCL's overall GF Score™ is 27/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For International Research PCL (BKK:IRCP), the current PB Ratio is 0.45 as of Jul. 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 International Research PCL (BKK:IRCP) Overvalued in 2026?

Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued. The current stock price of ฿0.31 is trading 3.1% below its estimated GF Value™ of ฿0.32. GuruFocus considers International Research PCL to be Fairly Valued.

Key valuation signals for BKK:IRCP:

  • PB Ratio: 0.45 (47% below median its 10-year median of 0.85)
  • GF Value™: ฿0.32 vs. price of ฿0.31 (3.1% below fair value)
  • GF Score™: 27/100 with 5 warning signs
  • Industry Position: 81% below the Software median (#139 of 2635)

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


International Research PCL Business Description

Address Rama IV Road, 1152 Punn Tower 16th Floor, Rooms 1605-1608, Khlong toei, Bangkok, THA, 10110
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
27GF Score

Get the complete analysis for BKK:IRCP

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

฿0.31
Price
฿0.32
GF Value