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TISCO Financial Group PCL (TISCO Financial Group PCL) Cyclically Adjusted Book per Share : $14.37 (As of Mar. 2024)


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What is TISCO Financial Group 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.

TISCO Financial Group PCL's adjusted book value per share for the three months ended in Mar. 2024 was $15.358. 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 $14.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TISCO Financial Group PCL's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 TISCO Financial Group PCL was 11.70% per year. The lowest was 10.00% per year. And the median was 10.70% per year.

As of today (2024-05-17), TISCO Financial Group PCL's current stock price is $25.60. TISCO Financial Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.37. TISCO Financial Group PCL's Cyclically Adjusted PB Ratio of today is 1.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TISCO Financial Group PCL was 3.34. The lowest was 1.70. And the median was 2.28.


TISCO Financial Group PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for TISCO Financial Group 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.

TISCO Financial Group PCL Cyclically Adjusted Book per Share Chart

TISCO Financial Group 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 11.38 11.55 12.89 11.94 13.97

TISCO Financial Group 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 14.51 14.08 14.06 13.97 14.37

Competitive Comparison of TISCO Financial Group PCL's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, TISCO Financial Group 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.


TISCO Financial Group PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where TISCO Financial Group PCL's Cyclically Adjusted PB Ratio falls into.



TISCO Financial Group 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, TISCO Financial Group 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)
=15.358/131.7762*131.7762
=15.358

Current CPI (Mar. 2024) = 131.7762.

TISCO Financial Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.985 100.560 11.774
201409 9.554 100.428 12.536
201412 9.772 99.070 12.998
201503 10.296 99.621 13.619
201506 9.750 100.684 12.761
201509 9.316 100.392 12.228
201512 9.749 99.792 12.874
201603 10.426 100.470 13.675
201606 10.137 101.688 13.136
201609 10.761 101.861 13.921
201612 10.900 101.863 14.101
201703 11.744 102.862 15.045
201706 11.546 103.349 14.722
201709 12.453 104.136 15.758
201712 13.251 104.011 16.788
201803 14.524 105.290 18.178
201806 13.044 106.317 16.168
201809 13.716 106.507 16.970
201812 14.395 105.998 17.896
201903 15.544 107.251 19.099
201906 14.277 108.070 17.409
201909 15.282 108.329 18.590
201912 16.211 108.420 19.703
202003 16.006 108.902 19.368
202006 14.536 108.767 17.611
202009 15.065 109.815 18.078
202012 16.384 109.897 19.646
202103 16.717 111.754 19.712
202106 15.036 114.631 17.285
202109 14.869 115.734 16.930
202112 15.332 117.630 17.176
202203 16.153 121.301 17.548
202206 14.036 125.017 14.795
202209 13.823 125.227 14.546
202212 15.370 125.222 16.175
202303 16.162 127.348 16.724
202306 14.385 128.729 14.726
202309 14.088 129.860 14.296
202312 15.155 129.419 15.431
202403 15.358 131.776 15.358

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


TISCO Financial Group PCL  (OTCPK:TSCFY) 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.

TISCO Financial Group PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.60/14.37
=1.78

* 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 TISCO Financial Group PCL was 3.34. The lowest was 1.70. And the median was 2.28.


Be Aware

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


TISCO Financial Group PCL Cyclically Adjusted Book per Share Related Terms

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


TISCO Financial Group PCL (TISCO Financial Group PCL) Business Description

Traded in Other Exchanges
Address
No. 48/49, North Sathorn Road, TISCO Tower, 21st Floor, Silom Sub-district, Bangrak District, Bangkok, THA, 10500
TISCO Financial Group PCL is a bank that provides commercial banking products and services. The company is headquartered in Thailand and generates revenue domestically. The bank separates itself into four segments: commercial banking and lending business, securities business, asset management, and support business. Of these, commercial banking provides the largest percentage of revenue. Services include deposits, accounts, car and home loans, investment services, insurance, business finance, capital markets, mergers and acquisitions, and debt restructuring.

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