Asian Marine Services PCL (BKK:ASIMAR) Cyclically Adjusted Book per Share: ฿2.04 (As of Mar. 2026)


BKK:ASIMAR Asian Marine Services PCL BKK:ASIMAR
76 GF Score
Price ฿1.31
GF Value ฿1.91
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Asian Marine Services PCL Cyclically Adjusted Book per Share?

Asian Marine Services PCL BKK:ASIMAR 76 Cyclically Adjusted Book per Share is ฿2.04 as of Mar. 2026. GuruFocus rates BKK:ASIMAR with a GF Score™ of 76/100 and a GF Value™ of ฿1.91 (Significantly Undervalued). The stock has 5 warning signs investors should review.

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.

Asian Marine Services PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿1.814. 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 ฿2.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asian Marine Services PCL's average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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 Asian Marine Services PCL was 8.10% per year. The lowest was 1.70% per year. And the median was 6.10% per year.

As of today (2026-07-05), Asian Marine Services PCL's current stock price is ฿1.31. Asian Marine Services PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.04. Asian Marine Services PCL's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Asian Marine Services PCL was 2.39. The lowest was 0.41. And the median was 0.89.


Asian Marine Services PCL  (BKK:ASIMAR) 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.

Asian Marine Services PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.31/2.04
=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 Asian Marine Services PCL was 2.39. The lowest was 0.41. And the median was 0.89.


Be Aware

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


Asian Marine Services PCL Cyclically Adjusted Book per Share Related Terms


Asian Marine Services PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Asian Marine Services 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.

Asian Marine Services PCL Cyclically Adjusted Book per Share Chart

Asian Marine Services PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 1.92 1.97 2.01 2.02

Asian Marine Services PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.03 2.04 2.03 2.02 2.04

BKK:ASIMAR vs SPCX, GE, RTX: Cyclically Adjusted Book per Share Comparison

For the Aerospace & Defense subindustry, Asian Marine Services 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.


Asian Marine Services PCL Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Asian Marine Services PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asian Marine Services PCL's Cyclically Adjusted PB Ratio falls into.


BKK:ASIMAR
76GF Score
Asian Marine Services PCL BKK:ASIMAR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asian Marine Services 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, Asian Marine Services PCL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.814/330.2130*330.2130
=1.814

Current CPI (Mar. 2026) = 330.2130.

Asian Marine Services PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.549 241.018 2.122
201609 1.614 241.428 2.208
201612 1.689 241.432 2.310
201703 1.704 243.801 2.308
201706 1.698 244.955 2.289
201709 1.775 246.819 2.375
201712 1.863 246.524 2.495
201803 1.864 249.554 2.466
201806 1.718 251.989 2.251
201809 1.712 252.439 2.239
201812 1.763 251.233 2.317
201903 1.788 254.202 2.323
201906 1.664 256.143 2.145
201909 1.688 256.759 2.171
201912 1.655 256.974 2.127
202003 1.685 258.115 2.156
202006 1.650 257.797 2.113
202009 1.680 260.280 2.131
202012 1.711 260.474 2.169
202103 1.768 264.877 2.204
202106 1.714 271.696 2.083
202109 1.675 274.310 2.016
202112 1.694 278.802 2.006
202203 1.655 287.504 1.901
202206 1.595 296.311 1.777
202209 1.614 296.808 1.796
202212 1.631 296.797 1.815
202303 1.652 301.836 1.807
202306 1.569 305.109 1.698
202309 1.607 307.789 1.724
202312 1.663 306.746 1.790
202403 1.688 312.332 1.785
202406 1.653 314.175 1.737
202409 1.707 315.301 1.788
202412 1.780 315.605 1.862
202503 1.805 319.799 1.864
202506 1.732 322.561 1.773
202509 1.813 324.800 1.843
202512 1.822 324.054 1.857
202603 1.814 330.213 1.814

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

What does a Cyclically Adjusted Book per Share of ฿2.04 mean?
Asian Marine Services PCL (BKK:ASIMAR) has a Cyclically Adjusted Book per Share of ฿2.04 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Asian Marine Services PCL and its competitors.
Is Asian Marine Services PCL's Cyclically Adjusted Book per Share too high?
Asian Marine Services PCL's current Cyclically Adjusted Book per Share is ฿2.04. Overall, Asian Marine Services PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Marine Services PCL's Cyclically Adjusted Book per Share compare to SPCX and GE?
Asian Marine Services PCL's Cyclically Adjusted Book per Share of ฿2.04 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Aerospace & Defense company?
A good Cyclically Adjusted Book per Share depends on the Aerospace & Defense industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Asian Marine Services PCL and its competitors. Asian Marine Services PCL's current Cyclically Adjusted Book per Share is ฿2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Marine Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Asian Marine Services PCL (BKK:ASIMAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿1.91, compared to a current price of ฿1.31 — trading 31.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿2.04. Asian Marine Services PCL's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Asian Marine Services PCL (BKK:ASIMAR), the current Cyclically Adjusted Book per Share is ฿2.04 as of Mar. 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 Asian Marine Services PCL (BKK:ASIMAR) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Marine Services PCL stock appears to be undervalued. The current stock price of ฿1.31 is trading 31.4% below its estimated GF Value™ of ฿1.91. GuruFocus considers Asian Marine Services PCL to be Significantly Undervalued.

Key valuation signals for BKK:ASIMAR:

  • Cyclically Adjusted Book per Share: ฿2.04
  • GF Value™: ฿1.91 vs. price of ฿1.31 (31.4% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Asian Marine Services PCL Business Description

Address 128 Moo 3 Suksawad Road, Laemfapa, Prasamutjedee, Samutprakan, THA, 10290
Asian Marine Services PCL is principally engaged in the shipbuilding and ship repair services. It provides services such as ship repair, shipbuilding, engineering construction projects such as steel structures, airport passenger walkways, and oil rig construction, etc. The company and its subsidiaries' business operations involve three principal segments, namely, Ship Repairing, Shipbuilding, and Ship Supply. The majority of the company's revenue is derived from the Ship repairing segment. Geographically, it operates mainly in Thailand.
76GF Score

Get the complete analysis for BKK:ASIMAR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.31
Price
฿1.91
GF Value