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Mfc Asset Management PCL (BKK:MFC-F) Cyclically Adjusted Book per Share : ฿8.75 (As of Mar. 2025)


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What is Mfc Asset Management 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.

Mfc Asset Management PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿10.380. 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 ฿8.75 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Mfc Asset Management PCL's average Cyclically Adjusted Book Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Mfc Asset Management PCL was 2.20% per year. The lowest was -20.60% per year. And the median was 0.20% per year.

As of today (2025-06-25), Mfc Asset Management PCL's current stock price is ฿18.80. Mfc Asset Management PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿8.75. Mfc Asset Management PCL's Cyclically Adjusted PB Ratio of today is 2.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mfc Asset Management PCL was 2.56. The lowest was 0.79. And the median was 1.61.


Mfc Asset Management PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mfc Asset Management 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.

Mfc Asset Management PCL Cyclically Adjusted Book per Share Chart

Mfc Asset Management 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 14.16 8.19 9.76 11.05 7.73

Mfc Asset Management 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 10.63 11.37 7.60 7.73 8.75

Competitive Comparison of Mfc Asset Management PCL's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Mfc Asset Management 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.


Mfc Asset Management PCL's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mfc Asset Management PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mfc Asset Management PCL's Cyclically Adjusted PB Ratio falls into.


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Mfc Asset Management 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, Mfc Asset Management 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)
=10.38/134.9266*134.9266
=10.380

Current CPI (Mar. 2025) = 134.9266.

Mfc Asset Management PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.285 100.684 13.783
201509 10.605 100.392 14.253
201512 10.783 99.792 14.579
201603 11.708 100.470 15.723
201606 10.205 101.688 13.541
201609 10.556 101.861 13.983
201612 11.066 101.863 14.658
201703 11.069 102.862 14.519
201706 9.679 103.349 12.636
201709 10.037 104.136 13.005
201712 10.058 104.011 13.048
201803 10.445 105.290 13.385
201806 8.920 106.317 11.320
201809 9.302 106.507 11.784
201812 9.413 105.998 11.982
201903 9.666 107.251 12.160
201906 8.474 108.070 10.580
201909 8.646 108.329 10.769
201912 8.777 108.420 10.923
202003 8.325 108.902 10.314
202006 7.762 108.767 9.629
202009 8.091 109.815 9.941
202012 8.470 109.897 10.399
202103 9.567 111.754 11.551
202106 9.264 114.631 10.904
202109 9.746 115.734 11.362
202112 10.510 117.630 12.055
202203 11.194 121.301 12.451
202206 9.292 125.017 10.029
202209 9.463 125.227 10.196
202212 9.760 125.222 10.516
202303 10.258 127.348 10.868
202306 9.021 128.729 9.455
202309 9.322 129.860 9.686
202312 9.466 129.419 9.869
202403 9.782 131.776 10.016
202406 8.967 132.554 9.128
202409 9.738 133.029 9.877
202412 10.017 133.157 10.150
202503 10.380 134.927 10.380

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


Mfc Asset Management PCL  (BKK:MFC-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.

Mfc Asset Management PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.80/8.75
=2.15

* 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 Mfc Asset Management PCL was 2.56. The lowest was 0.79. And the median was 1.61.


Be Aware

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


Mfc Asset Management PCL Cyclically Adjusted Book per Share Related Terms

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


Mfc Asset Management PCL Business Description

Traded in Other Exchanges
Address
Ratchadaphisek Road, 199 Column Building, Ground Floor and 21st - 23rd Floor, Khlong-Toey, Bangkok, THA, 10110
Mfc Asset Management PCL is a Thailand-based company that engages in the provision of fund management services. The company is licensed to manage mutual funds, provident funds, private funds, securities registrar, and real estate investment trusts. Its only operating segment is fund management.

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