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Asia Metal PCL (BKK:AMC) Cyclically Adjusted Book per Share : ฿5.46 (As of Mar. 2024)


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What is Asia Metal 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.

Asia Metal PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿7.095. 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 ฿5.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Asia Metal PCL's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Asia Metal PCL was 9.50% per year. The lowest was 3.30% per year. And the median was 7.05% per year.

As of today (2024-05-27), Asia Metal PCL's current stock price is ฿3.26. Asia Metal PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿5.46. Asia Metal PCL's Cyclically Adjusted PB Ratio of today is 0.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Asia Metal PCL was 1.85. The lowest was 0.27. And the median was 0.60.


Asia Metal PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Asia Metal 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.

Asia Metal PCL Cyclically Adjusted Book per Share Chart

Asia Metal 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 3.92 4.04 4.51 4.98 5.31

Asia Metal 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 5.10 5.19 5.28 5.31 5.46

Competitive Comparison of Asia Metal PCL's Cyclically Adjusted Book per Share

For the Steel subindustry, Asia Metal 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.


Asia Metal PCL's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Asia Metal PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Asia Metal 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, Asia Metal 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)
=7.095/131.7762*131.7762
=7.095

Current CPI (Mar. 2024) = 131.7762.

Asia Metal PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.609 100.560 4.729
201409 3.638 100.428 4.774
201412 3.628 99.070 4.826
201503 3.630 99.621 4.802
201506 3.444 100.684 4.508
201509 3.170 100.392 4.161
201512 3.181 99.792 4.201
201603 3.406 100.470 4.467
201606 3.688 101.688 4.779
201609 3.810 101.861 4.929
201612 3.910 101.863 5.058
201703 4.197 102.862 5.377
201706 3.819 103.349 4.869
201709 3.903 104.136 4.939
201712 4.006 104.011 5.075
201803 4.146 105.290 5.189
201806 3.973 106.317 4.924
201809 3.939 106.507 4.874
201812 3.708 105.998 4.610
201903 3.723 107.251 4.574
201906 3.940 108.070 4.804
201909 3.999 108.329 4.865
201912 4.290 108.420 5.214
202003 4.267 108.902 5.163
202006 4.386 108.767 5.314
202009 4.435 109.815 5.322
202012 4.567 109.897 5.476
202103 5.102 111.754 6.016
202106 5.653 114.631 6.498
202109 6.002 115.734 6.834
202112 6.407 117.630 7.178
202203 6.621 121.301 7.193
202206 6.253 125.017 6.591
202209 5.879 125.227 6.186
202212 5.933 125.222 6.244
202303 6.268 127.348 6.486
202306 6.422 128.729 6.574
202309 6.586 129.860 6.683
202312 6.941 129.419 7.067
202403 7.095 131.776 7.095

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


Asia Metal PCL  (BKK:AMC) 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.

Asia Metal PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.26/5.46
=0.60

* 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 Asia Metal PCL was 1.85. The lowest was 0.27. And the median was 0.60.


Be Aware

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


Asia Metal PCL Cyclically Adjusted Book per Share Related Terms

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


Asia Metal PCL (BKK:AMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Metal PCL (BKK:AMC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
55, 55/1 Moo 2 Soi Watnamdaeng Srinakarin Road, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540
Asia Metal PCL is engaged in producing and selling of processed steel products. Its subsidiaries operate to produce and provide steel cutting and modifying service and the another operates to produce and sell of processed steel products. Its products include coil rolls, pipes, bars, and tubes. It derives revenue from producing and selling of processed steel products and providing steel cutting and modifying service in Thailand.

Asia Metal PCL (BKK:AMC) Headlines

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