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Krung Thai Bank PCL (BKK:KTB) Cyclically Adjusted Book per Share : ฿28.11 (As of Mar. 2025)


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What is Krung Thai Bank 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.

Krung Thai Bank PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿32.387. 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 ฿28.11 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Krung Thai Bank PCL's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.80% 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 Krung Thai Bank PCL was 11.10% per year. The lowest was 8.40% per year. And the median was 9.70% per year.

As of today (2025-05-23), Krung Thai Bank PCL's current stock price is ฿22.70. Krung Thai Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿28.11. Krung Thai Bank PCL's Cyclically Adjusted PB Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Krung Thai Bank PCL was 1.37. The lowest was 0.46. And the median was 0.73.


Krung Thai Bank PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Krung Thai Bank 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.

Krung Thai Bank PCL Cyclically Adjusted Book per Share Chart

Krung Thai Bank 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 19.01 21.60 24.05 25.82 27.52

Krung Thai Bank 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 26.53 26.92 27.25 27.52 28.11

Competitive Comparison of Krung Thai Bank PCL's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Krung Thai Bank 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.


Krung Thai Bank PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Krung Thai Bank PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Krung Thai Bank 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, Krung Thai Bank 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)
=32.387/134.9266*134.9266
=32.387

Current CPI (Mar. 2025) = 134.9266.

Krung Thai Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.847 100.684 22.577
201509 17.094 100.392 22.974
201512 17.608 99.792 23.807
201603 18.835 100.470 25.294
201606 18.693 101.688 24.803
201609 19.405 101.861 25.704
201612 19.616 101.863 25.983
201703 20.221 102.862 26.524
201706 19.621 103.349 25.616
201709 20.302 104.136 26.305
201712 20.595 104.011 26.717
201803 20.954 105.290 26.852
201806 20.658 106.317 26.217
201809 21.297 106.507 26.980
201812 21.884 105.998 27.857
201903 22.530 107.251 28.344
201906 22.796 108.070 28.461
201909 24.020 108.329 29.917
201912 24.203 108.420 30.120
202003 23.309 108.902 28.879
202006 24.185 108.767 30.002
202009 24.245 109.815 29.789
202012 24.573 109.897 30.170
202103 24.416 111.754 29.479
202106 24.557 114.631 28.905
202109 25.330 115.734 29.530
202112 25.760 117.630 29.548
202203 25.863 121.301 28.768
202206 25.426 125.017 27.441
202209 25.896 125.227 27.902
202212 26.923 125.222 29.010
202303 27.879 127.348 29.538
202306 27.713 128.729 29.047
202309 27.989 129.860 29.081
202312 28.788 129.419 30.013
202403 29.863 131.776 30.577
202406 29.458 132.554 29.985
202409 30.685 133.029 31.123
202412 31.755 133.157 32.177
202503 32.387 134.927 32.387

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


Krung Thai Bank PCL  (BKK:KTB) 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.

Krung Thai Bank PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.70/28.11
=0.81

* 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 Krung Thai Bank PCL was 1.37. The lowest was 0.46. And the median was 0.73.


Be Aware

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


Krung Thai Bank PCL Cyclically Adjusted Book per Share Related Terms

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


Krung Thai Bank PCL Business Description

Industry
Address
35 Sukhumvit Road, Building 1, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110
Krung Thai Bank PCL engages in commercial banking business and conducts its business through a nationwide branch network and in certain centers of the world. The company operates in the following reportable segments; Retail banking, Corporate banking, Treasury and investments, and Support and others. Maximum revenue is generated from its Retail banking segment which develops financial products and services and also provides services for individual customers relating to deposits, loans, payment for goods and services, and others. The Corporate banking segment provides credit facilities and financial services to corporate clients, and the Treasury and investments segment controls the bank's financial structure and manages its equity investments, international business, and excess liquidity.