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LH Financial Group (BKK:LHFG-F) Cyclically Adjusted Book per Share : ฿4.79 (As of Mar. 2025)


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What is LH Financial Group 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.

LH Financial Group's adjusted book value per share for the three months ended in Mar. 2025 was ฿1.879. 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 ฿4.79 for the trailing ten years ended in Mar. 2025.

During the past 12 months, LH Financial Group's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 LH Financial Group was 8.40% per year. The lowest was 5.50% per year. And the median was 8.20% per year.

As of today (2025-07-23), LH Financial Group's current stock price is ฿1.79. LH Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿4.79. LH Financial Group's Cyclically Adjusted PB Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of LH Financial Group was 1.10. The lowest was 0.36. And the median was 0.65.


LH Financial Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for LH Financial Group'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.

LH Financial Group Cyclically Adjusted Book per Share Chart

LH Financial Group 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 2.63 2.28 2.71 3.49 4.64

LH Financial Group 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 3.56 3.69 4.30 4.64 4.79

Competitive Comparison of LH Financial Group's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, LH Financial Group'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.


LH Financial Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, LH Financial Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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LH Financial Group 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, LH Financial Group'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)
=1.879/134.9266*134.9266
=1.879

Current CPI (Mar. 2025) = 134.9266.

LH Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.251 100.684 1.676
201509 1.281 100.392 1.722
201512 1.316 99.792 1.779
201603 1.378 100.470 1.851
201606 1.418 101.688 1.881
201609 1.465 101.861 1.941
201612 1.490 101.863 1.974
201703 1.530 102.862 2.007
201706 1.512 103.349 1.974
201709 1.774 104.136 2.299
201712 1.820 104.011 2.361
201803 1.854 105.290 2.376
201806 1.841 106.317 2.336
201809 1.910 106.507 2.420
201812 1.875 105.998 2.387
201903 1.960 107.251 2.466
201906 1.964 108.070 2.452
201909 1.981 108.329 2.467
201912 1.943 108.420 2.418
202003 1.856 108.902 2.300
202006 1.852 108.767 2.297
202009 1.846 109.815 2.268
202012 1.847 109.897 2.268
202103 1.840 111.754 2.222
202106 1.832 114.631 2.156
202109 1.813 115.734 2.114
202112 1.803 117.630 2.068
202203 1.823 121.301 2.028
202206 1.727 125.017 1.864
202209 1.693 125.227 1.824
202212 1.741 125.222 1.876
202303 1.734 127.348 1.837
202306 1.716 128.729 1.799
202309 1.669 129.860 1.734
202312 1.698 129.419 1.770
202403 1.727 131.776 1.768
202406 1.705 132.554 1.736
202409 1.817 133.029 1.843
202412 1.824 133.157 1.848
202503 1.879 134.927 1.879

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


LH Financial Group  (BKK:LHFG-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.

LH Financial Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.79/4.79
=0.37

* 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 LH Financial Group was 1.10. The lowest was 0.36. And the median was 0.65.


Be Aware

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


LH Financial Group Cyclically Adjusted Book per Share Related Terms

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


LH Financial Group Business Description

Industry
Traded in Other Exchanges
Address
South Sathorn Road, No. 1 Q-House Lumpini Building, 5th Floor, Thungmahamek Sub-district, Sathorn District, Bangkok, THA, 10120
LH Financial Group PLC is a non-operating holding company, established under the Bank of Thailand's notification requiring that all financial institutions have to restructure the shareholding structure of its group to be in line with the guideline on consolidated supervision. The group has four principal operating segments namely investment holding business, banking business, fund management business and securities business (including securities business and advisory business, which its operation is temporarily ceased) and the company operates their businesses in Thailand. The group recognizes interest income on an accrual basis, using the effective interest method.

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