GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Muangthai Capital PCL (BKK:MTC) » Definitions » Cyclically Adjusted Book per Share

Muangthai Capital PCL (BKK:MTC) Cyclically Adjusted Book per Share : ฿10.08 (As of Mar. 2025)


View and export this data going back to 2014. Start your Free Trial

What is Muangthai Capital 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.

Muangthai Capital PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿18.161. 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 ฿10.08 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Muangthai Capital PCL's average Cyclically Adjusted Book Growth Rate was 17.90% 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.

As of today (2025-05-28), Muangthai Capital PCL's current stock price is ฿42.25. Muangthai Capital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿10.08. Muangthai Capital PCL's Cyclically Adjusted PB Ratio of today is 4.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Muangthai Capital PCL was 6.16. The lowest was 4.04. And the median was 5.12.


Muangthai Capital PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Muangthai Capital 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.

Muangthai Capital PCL Cyclically Adjusted Book per Share Chart

Muangthai Capital 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 - - 6.70 8.21 9.59

Muangthai Capital 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 8.55 9.00 9.22 9.59 10.08

Competitive Comparison of Muangthai Capital PCL's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Muangthai Capital 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.


Muangthai Capital PCL's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Muangthai Capital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Muangthai Capital 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, Muangthai Capital 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)
=18.161/134.9266*134.9266
=18.161

Current CPI (Mar. 2025) = 134.9266.

Muangthai Capital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.451 100.684 3.285
201509 2.554 100.392 3.433
201512 2.666 99.792 3.605
201603 2.798 100.470 3.758
201606 2.740 101.688 3.636
201609 2.929 101.861 3.880
201612 3.157 101.863 4.182
201703 3.410 102.862 4.473
201706 3.579 103.349 4.673
201709 3.886 104.136 5.035
201712 4.219 104.011 5.473
201803 4.613 105.290 5.911
201806 4.867 106.317 6.177
201809 5.324 106.507 6.745
201812 5.801 105.998 7.384
201903 6.277 107.251 7.897
201906 6.498 108.070 8.113
201909 7.008 108.329 8.729
201912 7.534 108.420 9.376
202003 8.179 108.902 10.134
202006 8.477 108.767 10.516
202009 9.110 109.815 11.193
202012 9.756 109.897 11.978
202103 10.405 111.754 12.562
202106 10.634 114.631 12.517
202109 11.201 115.734 13.058
202112 11.730 117.630 13.455
202203 12.379 121.301 13.770
202206 12.661 125.017 13.665
202209 13.214 125.227 14.238
202212 13.722 125.222 14.785
202303 14.218 127.348 15.064
202306 13.862 128.729 14.529
202309 14.454 129.860 15.018
202312 15.055 129.419 15.696
202403 15.703 131.776 16.078
202406 16.204 132.554 16.494
202409 16.825 133.029 17.065
202412 17.431 133.157 17.663
202503 18.161 134.927 18.161

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


Muangthai Capital PCL  (BKK:MTC) 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.

Muangthai Capital PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=42.25/10.08
=4.19

* 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 Muangthai Capital PCL was 6.16. The lowest was 4.04. And the median was 5.12.


Be Aware

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


Muangthai Capital PCL Cyclically Adjusted Book per Share Related Terms

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


Muangthai Capital PCL Business Description

Traded in Other Exchanges
Address
No. 332/1 Jaransanitwong Road, Bangplad Sub-district, Bangplad, Bangkok, THA, 10700
Muangthai Capital PCL mainly provides loans to consumers in Thailand. The company is principally engaged in providing loans secured against vehicle registrations, land title deeds loans, personal loans without collateral, and nano finance under supervision as well as providing hire purchase service, installment loans, and insurance broker.