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Central Pattana PCL (BKK:CPN-R) Cyclically Adjusted Book per Share : ฿17.61 (As of Mar. 2024)


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What is Central Pattana 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.

Central Pattana PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿21.528. 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 ฿17.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Central Pattana PCL's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.20% 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 Central Pattana PCL was 14.30% per year. The lowest was 12.80% per year. And the median was 13.35% per year.

As of today (2024-05-21), Central Pattana PCL's current stock price is ฿65.75. Central Pattana PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿17.61. Central Pattana PCL's Cyclically Adjusted PB Ratio of today is 3.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Central Pattana PCL was 11.52. The lowest was 3.58. And the median was 4.80.


Central Pattana PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Central Pattana 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.

Central Pattana PCL Cyclically Adjusted Book per Share Chart

Central Pattana 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 9.76 11.48 12.74 14.61 15.32

Central Pattana 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 15.12 17.06 16.76 15.32 17.61

Competitive Comparison of Central Pattana PCL's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Central Pattana 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.


Central Pattana PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Central Pattana PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Central Pattana 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, Central Pattana 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)
=21.528/131.7762*131.7762
=21.528

Current CPI (Mar. 2024) = 131.7762.

Central Pattana PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.303 100.560 10.881
201409 8.734 100.428 11.460
201412 9.140 99.070 12.157
201503 9.619 99.621 12.724
201506 9.416 100.684 12.324
201509 9.908 100.392 13.005
201512 10.235 99.792 13.515
201603 10.769 100.470 14.125
201606 10.579 101.688 13.709
201609 11.101 101.861 14.361
201612 11.595 101.863 15.000
201703 12.213 102.862 15.646
201706 11.936 103.349 15.219
201709 13.269 104.136 16.791
201712 13.770 104.011 17.446
201803 14.375 105.290 17.991
201806 13.664 106.317 16.936
201809 14.257 106.507 17.640
201812 14.645 105.998 18.207
201903 15.282 107.251 18.777
201906 14.638 108.070 17.849
201909 15.254 108.329 18.556
201912 16.071 108.420 19.533
202003 14.971 108.902 18.116
202006 14.296 108.767 17.320
202009 14.839 109.815 17.807
202012 15.386 109.897 18.449
202103 16.261 111.754 19.174
202106 15.924 114.631 18.306
202109 15.968 115.734 18.181
202112 16.351 117.630 18.317
202203 16.857 121.301 18.313
202206 16.968 125.017 17.885
202209 17.659 125.227 18.583
202212 18.224 125.222 19.178
202303 18.969 127.348 19.629
202306 18.652 128.729 19.094
202309 19.720 129.860 20.011
202312 20.560 129.419 20.934
202403 21.528 131.776 21.528

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


Central Pattana PCL  (BKK:CPN-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=65.75/17.61
=3.73

* 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 Central Pattana PCL was 11.52. The lowest was 3.58. And the median was 4.80.


Be Aware

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


Central Pattana PCL Cyclically Adjusted Book per Share Related Terms

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


Central Pattana PCL (BKK:CPN-R) Business Description

Industry
Traded in Other Exchanges
Address
999/9 Rama I Road, 31-33 Floor, The Offices at Central World, Patumwan District, Patumwan Sub-District, Bangkok, THA, 10330
Central Pattana PCL develops and manages large-scale shopping complexes, office buildings, and hotels. The company segment includes Development of shopping center buildings, office building and condominiums for rent including provision of utility services, operator of play land and water theme park in the shopping center buildings; Food center services in the shopping centers; Hotel business and Real estate business for sales of land and houses and condominium units.

Central Pattana PCL (BKK:CPN-R) Headlines

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