GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (BKK:BCP) » Definitions » Cyclically Adjusted Book per Share

Bangchak PCL (BKK:BCP) Cyclically Adjusted Book per Share : ฿41.14 (As of Mar. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Bangchak 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.

Bangchak PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿54.859. 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 ฿41.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bangchak PCL's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 Bangchak PCL was 10.30% per year. The lowest was 5.20% per year. And the median was 7.95% per year.

As of today (2024-05-27), Bangchak PCL's current stock price is ฿38.50. Bangchak PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿41.14. Bangchak PCL's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bangchak PCL was 1.69. The lowest was 0.49. And the median was 0.97.


Bangchak PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bangchak 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.

Bangchak PCL Cyclically Adjusted Book per Share Chart

Bangchak 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 28.39 29.75 33.12 36.87 39.91

Bangchak 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 37.88 38.67 39.56 39.91 41.14

Competitive Comparison of Bangchak PCL's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.


Bangchak PCL's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bangchak 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, Bangchak 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)
=54.859/131.7762*131.7762
=54.859

Current CPI (Mar. 2024) = 131.7762.

Bangchak PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.517 100.560 34.749
201409 26.074 100.428 34.213
201412 24.191 99.070 32.177
201503 24.775 99.621 32.772
201506 26.528 100.684 34.720
201509 25.941 100.392 34.051
201512 25.768 99.792 34.027
201603 25.822 100.470 33.868
201606 26.825 101.688 34.762
201609 27.910 101.861 36.107
201612 28.718 101.863 37.151
201703 30.242 102.862 38.743
201706 29.903 103.349 38.128
201709 30.931 104.136 39.141
201712 33.030 104.011 41.847
201803 32.721 105.290 40.952
201806 32.318 106.317 40.057
201809 32.755 106.507 40.526
201812 31.020 105.998 38.564
201903 31.146 107.251 38.268
201906 31.095 108.070 37.916
201909 30.326 108.329 36.890
201912 37.918 108.420 46.086
202003 33.871 108.902 40.986
202006 32.611 108.767 39.510
202009 34.415 109.815 41.297
202012 34.145 109.897 40.943
202103 36.539 111.754 43.085
202106 37.463 114.631 43.066
202109 38.371 115.734 43.690
202112 39.374 117.630 44.109
202203 42.996 121.301 46.709
202206 45.689 125.017 48.159
202209 46.290 125.227 48.711
202212 46.176 125.222 48.593
202303 47.584 127.348 49.239
202306 46.916 128.729 48.027
202309 54.586 129.860 55.392
202312 52.372 129.419 53.326
202403 54.859 131.776 54.859

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


Bangchak PCL  (BKK:BCP) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.50/41.14
=0.94

* 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 Bangchak PCL was 1.69. The lowest was 0.49. And the median was 0.97.


Be Aware

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


Bangchak PCL Cyclically Adjusted Book per Share Related Terms

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


Bangchak PCL (BKK:BCP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (BKK:BCP) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. Crude oil for refining can be gathered from both domestic and international sources, and processed into a variety of petroleum products. Gasoline and diesel fuels are marketed to customers in the industrial, transport, aviation, marine, construction, and agriculture sectors. The company also offers petroleum products at its line of retail stations around Thailand. In addition to its refinery business, Bangchak produces power from solar farms, biomass energy, and petroleum exploration and production.

Bangchak PCL (BKK:BCP) Headlines

No Headlines