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The Erawan Group PCL (BKK:ERW-R) Cyclically Adjusted Book per Share : ฿1.71 (As of Mar. 2025)


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What is The Erawan Group 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.

The Erawan Group PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿1.864. 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 ฿1.71 for the trailing ten years ended in Mar. 2025.

During the past 12 months, The Erawan Group PCL's average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 The Erawan Group PCL was 5.20% per year. The lowest was 0.80% per year. And the median was 4.00% per year.

As of today (2025-07-20), The Erawan Group PCL's current stock price is ฿2.34641. The Erawan Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿1.71. The Erawan Group PCL's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Erawan Group PCL was 4.63. The lowest was 1.10. And the median was 2.74.


The Erawan Group PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Erawan Group 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.

The Erawan Group PCL Cyclically Adjusted Book per Share Chart

The Erawan Group 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 1.34 1.38 1.52 1.32 1.55

The Erawan Group 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 1.48 1.59 1.59 1.55 1.71

Competitive Comparison of The Erawan Group PCL's Cyclically Adjusted Book per Share

For the Lodging subindustry, The Erawan Group 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.


The Erawan Group PCL's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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The Erawan Group 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, The Erawan Group 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)
=1.864/134.9266*134.9266
=1.864

Current CPI (Mar. 2025) = 134.9266.

The Erawan Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.183 100.684 1.585
201509 1.179 100.392 1.585
201512 1.200 99.792 1.622
201603 1.257 100.470 1.688
201606 1.234 101.688 1.637
201609 1.245 101.861 1.649
201612 1.264 101.863 1.674
201703 1.312 102.862 1.721
201706 1.285 103.349 1.678
201709 1.303 104.136 1.688
201712 1.344 104.011 1.743
201803 1.407 105.290 1.803
201806 1.360 106.317 1.726
201809 1.363 106.507 1.727
201812 1.423 105.998 1.811
201903 1.476 107.251 1.857
201906 1.415 108.070 1.767
201909 1.424 108.329 1.774
201912 1.469 108.420 1.828
202003 1.414 108.902 1.752
202006 1.246 108.767 1.546
202009 1.130 109.815 1.388
202012 0.972 109.897 1.193
202103 0.853 111.754 1.030
202106 1.521 114.631 1.790
202109 1.387 115.734 1.617
202112 1.327 117.630 1.522
202203 1.249 121.301 1.389
202206 1.226 125.017 1.323
202209 1.228 125.227 1.323
202212 1.258 125.222 1.355
202303 1.315 127.348 1.393
202306 1.356 128.729 1.421
202309 1.379 129.860 1.433
202312 1.397 129.419 1.456
202403 1.496 131.776 1.532
202406 1.597 132.554 1.626
202409 1.592 133.029 1.615
202412 1.783 133.157 1.807
202503 1.864 134.927 1.864

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


The Erawan Group PCL  (BKK:ERW-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.

The Erawan Group PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.34641/1.71
=1.37

* 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 The Erawan Group PCL was 4.63. The lowest was 1.10. And the median was 2.74.


Be Aware

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


The Erawan Group PCL Cyclically Adjusted Book per Share Related Terms

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


The Erawan Group PCL Business Description

Traded in Other Exchanges
Address
2 Sukhumvit Road, Ploenchit Center, 6th Floor, Klong Toey District, Bangkok, THA, 10110
The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants. Majority of the revenue is generated from its Hotel business.

The Erawan Group PCL Headlines

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