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President Bakery PCL (BKK:PB-R) Cyclically Adjusted Book per Share : ฿20.03 (As of Dec. 2023)


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What is President Bakery 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.

President Bakery PCL's adjusted book value per share for the three months ended in Dec. 2023 was ฿26.093. 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 ฿20.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, President Bakery PCL's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.00% 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 President Bakery PCL was 15.30% per year. The lowest was 13.40% per year. And the median was 14.80% per year.

As of today (2024-06-09), President Bakery PCL's current stock price is ฿70.00. President Bakery PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ฿20.03. President Bakery PCL's Cyclically Adjusted PB Ratio of today is 3.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of President Bakery PCL was 6.50. The lowest was 3.23. And the median was 5.05.


President Bakery PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for President Bakery 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.

President Bakery PCL Cyclically Adjusted Book per Share Chart

President Bakery 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 11.18 13.19 15.60 18.27 20.03

President Bakery 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 18.27 18.50 19.49 19.81 20.03

Competitive Comparison of President Bakery PCL's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, President Bakery 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.


President Bakery PCL's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, President Bakery PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



President Bakery 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, President Bakery 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)
=26.093/129.4194*129.4194
=26.093

Current CPI (Dec. 2023) = 129.4194.

President Bakery PCL Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.593 99.695 12.453
201406 9.468 100.560 12.185
201409 9.613 100.428 12.388
201412 10.243 99.070 13.381
201503 10.842 99.621 14.085
201506 10.808 100.684 13.893
201509 11.018 100.392 14.204
201512 11.835 99.792 15.349
201603 12.582 100.470 16.207
201606 12.483 101.688 15.887
201609 12.690 101.861 16.123
201612 13.533 101.863 17.194
201703 14.241 102.862 17.918
201706 14.034 103.349 17.574
201709 14.093 104.136 17.515
201712 14.906 104.011 18.547
201803 15.605 105.290 19.181
201806 15.534 106.317 18.910
201809 15.626 106.507 18.988
201812 16.491 105.998 20.135
201903 17.258 107.251 20.825
201906 17.272 108.070 20.684
201909 17.603 108.329 21.030
201912 18.599 108.420 22.201
202003 19.773 108.902 23.498
202006 19.659 108.767 23.392
202009 19.639 109.815 23.145
202012 20.555 109.897 24.206
202103 21.368 111.754 24.746
202106 21.325 114.631 24.076
202109 21.659 115.734 24.220
202112 22.534 117.630 24.793
202203 23.368 121.301 24.932
202206 23.084 125.017 23.897
202209 23.219 125.227 23.996
202212 24.298 125.222 25.113
202303 25.128 127.348 25.537
202306 24.780 128.729 24.913
202309 24.904 129.860 24.820
202312 26.093 129.419 26.093

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


President Bakery PCL  (BKK:PB-R) 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.

President Bakery PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=70.00/20.03
=3.49

* 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 President Bakery PCL was 6.50. The lowest was 3.23. And the median was 5.05.


Be Aware

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


President Bakery PCL Cyclically Adjusted Book per Share Related Terms

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


President Bakery PCL (BKK:PB-R) Business Description

Traded in Other Exchanges
Address
Ratchadapisek Road, Number 121/84 - 85, RS Tower Building, 29th Floor, Dindaeng, Bangkok, THA, 10400
President Bakery PCL is involved in the business of manufacturing and selling of bakery products. Its products include Cookies, Pies, Breads, Dorayaki, Buns, Toasts, Cakes etc. The company markets its products under the brand name of Farmhouse. The firm conducts its operations in Thailand.

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