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M.C.S. Steel PCL (BKK:MCS) Cyclically Adjusted Book per Share : ฿7.93 (As of Sep. 2024)


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What is M.C.S. Steel 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.

M.C.S. Steel PCL's adjusted book value per share for the three months ended in Sep. 2024 was ฿7.215. 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 ฿7.93 for the trailing ten years ended in Sep. 2024.

During the past 12 months, M.C.S. Steel PCL's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 M.C.S. Steel PCL was 9.60% per year. The lowest was 6.20% per year. And the median was 8.55% per year.

As of today (2024-12-14), M.C.S. Steel PCL's current stock price is ฿7.00. M.C.S. Steel PCL's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ฿7.93. M.C.S. Steel PCL's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of M.C.S. Steel PCL was 3.61. The lowest was 0.82. And the median was 1.56.


M.C.S. Steel PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for M.C.S. Steel 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.

M.C.S. Steel PCL Cyclically Adjusted Book per Share Chart

M.C.S. Steel 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 5.46 5.78 6.52 7.19 7.59

M.C.S. Steel PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.58 7.59 7.77 7.86 7.93

Competitive Comparison of M.C.S. Steel PCL's Cyclically Adjusted Book per Share

For the Steel subindustry, M.C.S. Steel 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.


M.C.S. Steel PCL's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, M.C.S. Steel PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where M.C.S. Steel PCL's Cyclically Adjusted PB Ratio falls into.



M.C.S. Steel 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, M.C.S. Steel PCL's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=7.215/133.0289*133.0289
=7.215

Current CPI (Sep. 2024) = 133.0289.

M.C.S. Steel PCL Quarterly Data

Book Value per Share CPI Adj_Book
201412 4.138 99.070 5.556
201503 4.477 99.621 5.978
201506 4.641 100.684 6.132
201509 4.927 100.392 6.529
201512 4.968 99.792 6.623
201603 5.480 100.470 7.256
201606 5.974 101.688 7.815
201609 6.514 101.861 8.507
201612 6.021 101.863 7.863
201703 5.886 102.862 7.612
201706 5.386 103.349 6.933
201709 5.032 104.136 6.428
201712 5.675 104.011 7.258
201803 6.110 105.290 7.720
201806 6.003 106.317 7.511
201809 5.883 106.507 7.348
201812 6.109 105.998 7.667
201903 6.143 107.251 7.620
201906 5.861 108.070 7.215
201909 6.215 108.329 7.632
201912 6.265 108.420 7.687
202003 7.245 108.902 8.850
202006 6.950 108.767 8.500
202009 7.489 109.815 9.072
202012 7.725 109.897 9.351
202103 8.047 111.754 9.579
202106 8.516 114.631 9.883
202109 9.414 115.734 10.821
202112 9.365 117.630 10.591
202203 9.376 121.301 10.283
202206 8.245 125.017 8.773
202209 8.212 125.227 8.724
202212 7.919 125.222 8.413
202303 7.744 127.348 8.089
202306 7.263 128.729 7.506
202309 7.400 129.860 7.581
202312 7.605 129.419 7.817
202403 7.848 131.776 7.923
202406 7.307 132.554 7.333
202409 7.215 133.029 7.215

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


M.C.S. Steel PCL  (BKK:MCS) 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.

M.C.S. Steel PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.00/7.93
=0.88

* 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 M.C.S. Steel PCL was 3.61. The lowest was 0.82. And the median was 1.56.


Be Aware

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


M.C.S. Steel PCL Cyclically Adjusted Book per Share Related Terms

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


M.C.S. Steel PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » M.C.S. Steel PCL (BKK:MCS) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
70 Moo 2, Changyai, Bangsai, Ayutthaya, THA, 13290
M.C.S. Steel PCL is engaged in the production and distribution of structural steel products for building construction, and residential development project for sale. It provides and exports steel structure works for various projects. The company's services include engineering design, parts, and quality control. Company product and services portfolio includes Fabrication and sale of structural steel of which substantial income is earned, Fabrication including installation of structural steel, Real estate, and Rendering of services. The business operates in three geographical segments being Thailand Japan and China. Key revenue is earned from domestic sales.