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AP (Thailand) PCL (BKK:AP-R) Cyclically Adjusted Book per Share : ฿10.75 (As of Mar. 2025)


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What is AP (Thailand) 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.

AP (Thailand) PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿14.154. 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 ฿10.75 for the trailing ten years ended in Mar. 2025.

During the past 12 months, AP (Thailand) PCL's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.60% 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 AP (Thailand) PCL was 14.60% per year. The lowest was 11.60% per year. And the median was 12.50% per year.

As of today (2025-06-29), AP (Thailand) PCL's current stock price is ฿7.65. AP (Thailand) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿10.75. AP (Thailand) PCL's Cyclically Adjusted PB Ratio of today is 0.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AP (Thailand) PCL was 2.08. The lowest was 0.54. And the median was 1.26.


AP (Thailand) PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for AP (Thailand) 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.

AP (Thailand) PCL Cyclically Adjusted Book per Share Chart

AP (Thailand) PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.22 8.19 9.64 10.23

AP (Thailand) PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 10.47 14.57 11.83 10.23 10.75

Competitive Comparison of AP (Thailand) PCL's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, AP (Thailand) 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.


AP (Thailand) PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, AP (Thailand) PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where AP (Thailand) PCL's Cyclically Adjusted PB Ratio falls into.


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AP (Thailand) 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, AP (Thailand) PCL's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.154/134.9266*134.9266
=14.154

Current CPI (Mar. 2025) = 134.9266.

AP (Thailand) PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.160 100.684 6.915
201509 5.397 100.392 7.254
201512 5.612 99.792 7.588
201603 5.756 100.470 7.730
201606 5.623 101.688 7.461
201609 5.769 101.861 7.642
201612 6.174 101.863 8.178
201703 6.349 102.862 8.328
201706 6.243 103.349 8.150
201709 6.446 104.136 8.352
201712 6.882 104.011 8.928
201803 7.135 105.290 9.143
201806 7.158 106.317 9.084
201809 7.450 106.507 9.438
201812 7.789 105.998 9.915
201903 8.132 107.251 10.230
201906 7.887 108.070 9.847
201909 8.084 108.329 10.069
201912 8.364 108.420 10.409
202003 8.561 108.902 10.607
202006 8.547 108.767 10.603
202009 9.008 109.815 11.068
202012 9.308 109.897 11.428
202103 9.764 111.754 11.789
202106 9.669 114.631 11.381
202109 9.996 115.734 11.654
202112 10.312 117.630 11.828
202203 10.862 121.301 12.082
202206 10.863 125.017 11.724
202209 11.314 125.227 12.190
202212 11.681 125.222 12.586
202303 12.151 127.348 12.874
202306 11.992 128.729 12.569
202309 12.531 129.860 13.020
202312 12.956 129.419 13.507
202403 13.304 131.776 13.622
202406 13.008 132.554 13.241
202409 13.469 133.029 13.661
202412 13.880 133.157 14.064
202503 14.154 134.927 14.154

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


AP (Thailand) PCL  (BKK:AP-R) 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.

AP (Thailand) PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.65/10.75
=0.71

* 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 AP (Thailand) PCL was 2.08. The lowest was 0.54. And the median was 1.26.


Be Aware

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


AP (Thailand) PCL Cyclically Adjusted Book per Share Related Terms

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


AP (Thailand) PCL Business Description

Industry
Traded in Other Exchanges
Address
New Rajadapisek Road, No. 170/57, 18th Floor, Ocean Tower I Building, Klongtoey sub district, Klongtoey district, Bangkok, THA, 10110
AP (Thailand) PCL is principally engaged in real estate development and its subsidiaries operate in property development with a focus on residential projects including townhouses, single-detached houses, and condominiums. The company derives the vast majority of its income from property sales. AP's projects are mainly in central business districts and residential areas with easy access to public transportation in Bangkok.

AP (Thailand) PCL Headlines

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