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Modernform Group PCL (BKK:MODERN) Cyclically Adjusted Book per Share : ฿3.87 (As of Dec. 2023)


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What is Modernform 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.

Modernform Group PCL's adjusted book value per share for the three months ended in Dec. 2023 was ฿3.066. 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 ฿3.87 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Modernform Group PCL's average Cyclically Adjusted Book Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.60% 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 Modernform Group PCL was 3.50% per year. The lowest was 0.70% per year. And the median was 2.75% per year.

As of today (2024-05-21), Modernform Group PCL's current stock price is ฿2.28. Modernform Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ฿3.87. Modernform Group PCL's Cyclically Adjusted PB Ratio of today is 0.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Modernform Group PCL was 1.72. The lowest was 0.54. And the median was 0.90.


Modernform Group PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Modernform 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.

Modernform Group PCL Cyclically Adjusted Book per Share Chart

Modernform Group 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 3.53 3.53 3.75 3.91 3.87

Modernform Group PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.91 3.93 3.93 3.92 3.87

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

For the Furnishings, Fixtures & Appliances subindustry, Modernform 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.


Modernform Group PCL's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Modernform 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, Modernform Group PCL's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.066/129.4194*129.4194
=3.066

Current CPI (Dec. 2023) = 129.4194.

Modernform Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.011 99.695 5.207
201406 4.027 100.560 5.183
201409 3.728 100.428 4.804
201412 3.583 99.070 4.681
201503 3.695 99.621 4.800
201506 3.499 100.684 4.498
201509 3.375 100.392 4.351
201512 3.389 99.792 4.395
201603 3.421 100.470 4.407
201606 3.212 101.688 4.088
201609 3.124 101.861 3.969
201612 3.242 101.863 4.119
201703 3.290 102.862 4.139
201706 3.232 103.349 4.047
201709 3.289 104.136 4.088
201712 3.381 104.011 4.207
201803 3.433 105.290 4.220
201806 3.190 106.317 3.883
201809 3.175 106.507 3.858
201812 3.163 105.998 3.862
201903 3.203 107.251 3.865
201906 3.036 108.070 3.636
201909 3.083 108.329 3.683
201912 3.092 108.420 3.691
202003 3.036 108.902 3.608
202006 2.967 108.767 3.530
202009 3.007 109.815 3.544
202012 3.088 109.897 3.637
202103 3.169 111.754 3.670
202106 3.060 114.631 3.455
202109 3.044 115.734 3.404
202112 3.087 117.630 3.396
202203 3.063 121.301 3.268
202206 2.976 125.017 3.081
202209 3.006 125.227 3.107
202212 3.037 125.222 3.139
202303 3.054 127.348 3.104
202306 3.007 128.729 3.023
202309 3.036 129.860 3.026
202312 3.066 129.419 3.066

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


Modernform Group PCL  (BKK:MODERN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.28/3.87
=0.59

* 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 Modernform Group PCL was 1.72. The lowest was 0.54. And the median was 0.90.


Be Aware

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


Modernform Group PCL Cyclically Adjusted Book per Share Related Terms

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


Modernform Group PCL (BKK:MODERN) Business Description

Traded in Other Exchanges
N/A
Address
699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250
Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

Modernform Group PCL (BKK:MODERN) Headlines

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