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Ptt PCL (BKK:PTT) Cyclically Adjusted Book per Share : ฿37.31 (As of Sep. 2024)


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What is Ptt 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.

Ptt PCL's adjusted book value per share for the three months ended in Sep. 2024 was ฿39.181. 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 ฿37.31 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ptt 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 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 Ptt PCL was 9.10% per year. The lowest was 6.90% per year. And the median was 8.20% per year.

As of today (2024-12-15), Ptt PCL's current stock price is ฿31.75. Ptt PCL's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ฿37.31. Ptt PCL's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ptt PCL was 2.52. The lowest was 0.85. And the median was 1.34.


Ptt PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ptt 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.

Ptt PCL Cyclically Adjusted Book per Share Chart

Ptt 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 26.07 27.55 30.70 33.73 35.75

Ptt 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 35.67 35.75 36.61 37.03 37.31

Competitive Comparison of Ptt PCL's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Ptt 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.


Ptt PCL's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ptt PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ptt 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, Ptt 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)
=39.181/133.0289*133.0289
=39.181

Current CPI (Sep. 2024) = 133.0289.

Ptt PCL Quarterly Data

Book Value per Share CPI Adj_Book
201412 23.922 99.070 32.122
201503 24.546 99.621 32.777
201506 25.343 100.684 33.485
201509 24.482 100.392 32.441
201512 24.407 99.792 32.536
201603 25.118 100.470 33.258
201606 25.556 101.688 33.432
201609 25.821 101.861 33.722
201612 26.711 101.863 34.884
201703 27.899 102.862 36.081
201706 27.846 103.349 35.843
201709 27.687 104.136 35.369
201712 28.637 104.011 36.626
201803 29.442 105.290 37.199
201806 29.920 106.317 37.437
201809 29.936 106.507 37.391
201812 30.610 105.998 38.416
201903 31.438 107.251 38.994
201906 30.561 108.070 37.619
201909 30.310 108.329 37.221
201912 30.760 108.420 37.742
202003 30.346 108.902 37.069
202006 30.205 108.767 36.943
202009 30.726 109.815 37.221
202012 30.881 109.897 37.381
202103 33.391 111.754 39.748
202106 33.940 114.631 39.387
202109 34.262 115.734 39.382
202112 35.245 117.630 39.859
202203 36.032 121.301 39.516
202206 37.608 125.017 40.018
202209 37.639 125.227 39.984
202212 36.852 125.222 39.150
202303 37.666 127.348 39.346
202306 38.417 128.729 39.700
202309 39.343 129.860 40.303
202312 39.254 129.419 40.349
202403 41.218 131.776 41.610
202406 41.417 132.554 41.565
202409 39.181 133.029 39.181

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


Ptt PCL  (BKK:PTT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.75/37.31
=0.85

* 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 Ptt PCL was 2.52. The lowest was 0.85. And the median was 1.34.


Be Aware

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


Ptt PCL Cyclically Adjusted Book per Share Related Terms

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


Ptt PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ptt PCL (BKK:PTT) » Definitions » Cyclically Adjusted Book per Share
Address
555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900
Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. Its operations are divided into six units: Coal, Petrochemical, International Trading, Oil, Gas, and Petroleum exploration and production. The International Trading and Petrochemicals businesses have historically produced the group's sales and service volume. International Trading encompasses several activities and is crucial to the company's ability to import and export crude oil, condensate, petroleum products, liquefied petroleum gas, petrochemical products, solvents and chemicals, and other products. PTT engages in Petrochemical operations through group companies that conduct business in fuel processing, production, and sales of upstream, intermediate, and downstream chemicals.

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