GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Krung Thai Bank PCL (OTCPK:KGTFY) » Definitions » Cyclically Adjusted Book per Share

Krung Thai Bank PCL (Krung Thai Bank PCL) Cyclically Adjusted Book per Share : $18.58 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Krung Thai Bank PCL Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Krung Thai Bank PCL's adjusted book value per share for the three months ended in Mar. 2024 was $16.613. 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 $18.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Krung Thai Bank PCL's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Krung Thai Bank PCL was 11.10% per year. The lowest was 8.60% per year. And the median was 10.20% per year.

As of today (2024-05-19), Krung Thai Bank PCL's current stock price is $11.905. Krung Thai Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $18.58. Krung Thai Bank PCL's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Krung Thai Bank PCL was 1.37. The lowest was 0.46. And the median was 0.72.


Krung Thai Bank PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Krung Thai Bank PCL's Cyclically Adjusted Book per Share 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.

* Premium members only.

Krung Thai Bank PCL Cyclically Adjusted Book per Share Chart

Krung Thai Bank PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.49 13.31 10.52 13.57 16.71

Krung Thai Bank PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 13.90 13.52 16.08 16.71 18.58

Competitive Comparison of Krung Thai Bank PCL's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Krung Thai Bank 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.


Krung Thai Bank PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Krung Thai Bank PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Krung Thai Bank PCL Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Krung Thai Bank PCL's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=16.613/131.7762*131.7762
=16.613

Current CPI (Mar. 2024) = 131.7762.

Krung Thai Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.351 100.560 12.254
201409 9.936 100.428 13.038
201412 10.100 99.070 13.434
201503 10.542 99.621 13.945
201506 9.992 100.684 13.078
201509 9.494 100.392 12.462
201512 9.784 99.792 12.920
201603 10.698 100.470 14.031
201606 10.601 101.688 13.738
201609 11.180 101.861 14.463
201612 10.966 101.863 14.186
201703 11.596 102.862 14.856
201706 11.545 103.349 14.721
201709 12.253 104.136 15.505
201712 12.628 104.011 15.999
201803 13.408 105.290 16.781
201806 12.718 106.317 15.764
201809 13.074 106.507 16.176
201812 13.381 105.998 16.635
201903 14.198 107.251 17.445
201906 14.660 108.070 17.876
201909 15.721 108.329 19.124
201912 16.031 108.420 19.484
202003 14.526 108.902 17.577
202006 15.532 108.767 18.818
202009 15.456 109.815 18.547
202012 16.338 109.897 19.591
202103 15.857 111.754 18.698
202106 15.620 114.631 17.956
202109 15.305 115.734 17.426
202112 15.351 117.630 17.197
202203 15.560 121.301 16.904
202206 14.561 125.017 15.348
202209 13.973 125.227 14.704
202212 15.487 125.222 16.298
202303 16.179 127.348 16.742
202306 15.876 128.729 16.252
202309 15.599 129.860 15.829
202312 16.459 129.419 16.759
202403 16.613 131.776 16.613

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Krung Thai Bank PCL  (OTCPK:KGTFY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Krung Thai Bank PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.905/18.58
=0.64

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Krung Thai Bank PCL was 1.37. The lowest was 0.46. And the median was 0.72.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Krung Thai Bank PCL Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Krung Thai Bank PCL's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Krung Thai Bank PCL (Krung Thai Bank PCL) Business Description

Industry
Address
35 Sukhumvit Road, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110
Krung Thai Bank PCL engages in commercial banking business and conducts its business through a nationwide branch network and in certain centers of the world. The company has three segments which are Retail banking, Corporate banking and Treasury and investment. Majority of the revenue is earned from Retail banking segment.

Krung Thai Bank PCL (Krung Thai Bank PCL) Headlines

From GuruFocus

Krung Thai Bank PCL's Dividend Analysis

By GuruFocus Research 04-16-2024