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Bangchak PCL (BKK:BCP-F) Cyclically Adjusted Book per Share : ฿43.08 (As of Mar. 2025)


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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. 2025 was ฿44.403. 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 ฿43.08 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bangchak PCL's average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.00% 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 8.00% per year.

As of today (2025-07-22), Bangchak PCL's current stock price is ฿30.25. Bangchak PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿43.08. Bangchak PCL's Cyclically Adjusted PB Ratio of today is 0.70.

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 0.94.


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 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 28.88 26.23 36.87 35.55 34.85

Bangchak 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 38.88 39.92 41.65 34.85 43.08

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.


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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. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=44.403/134.9266*134.9266
=44.403

Current CPI (Mar. 2025) = 134.9266.

Bangchak PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.528 100.684 35.550
201509 25.941 100.392 34.865
201512 25.768 99.792 34.840
201603 25.822 100.470 34.678
201606 26.825 101.688 35.593
201609 27.910 101.861 36.970
201612 28.718 101.863 38.040
201703 30.242 102.862 39.669
201706 29.903 103.349 39.040
201709 30.931 104.136 40.077
201712 33.030 104.011 42.848
201803 32.721 105.290 41.931
201806 32.318 106.317 41.015
201809 32.755 106.507 41.495
201812 31.020 105.998 39.486
201903 31.146 107.251 39.183
201906 31.094 108.070 38.821
201909 30.326 108.329 37.772
201912 37.918 108.420 47.188
202003 33.871 108.902 41.965
202006 32.611 108.767 40.454
202009 34.415 109.815 42.285
202012 34.145 109.897 41.922
202103 36.539 111.754 44.115
202106 37.463 114.631 44.096
202109 38.371 115.734 44.734
202112 39.374 117.630 45.164
202203 42.995 121.301 47.825
202206 45.689 125.017 49.311
202209 46.290 125.227 49.876
202212 46.176 125.222 49.755
202303 47.584 127.348 50.416
202306 46.916 128.729 49.175
202309 54.586 129.860 56.716
202312 52.372 129.419 54.601
202403 54.859 131.776 56.171
202406 54.758 132.554 55.738
202409 42.441 133.029 43.046
202412 43.390 133.157 43.967
202503 44.403 134.927 44.403

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-F) 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
=30.25/43.08
=0.70

* 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 0.94.


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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (BKK:BCP-F) » 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. The company operates in six reporting segments: Refinery and oil trading, Marketing, Electricity, Bio-based product, Natural resource. Majority of revenue is from Refinery and oil trading. The company Thailand, Singapore, Norway, Laos, Korea, and Others, with maximum of revenue from Thailand.

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