Srisawad Capital 1969 PCL (BKK:SCAP) Cyclically Adjusted Book per Share: ฿2.69 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SCAP Srisawad Capital 1969 PCL BKK:SCAP
48 GF Score
Price ฿1.76
GF Value ฿1.37
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Srisawad Capital 1969 PCL Cyclically Adjusted Book per Share?

Srisawad Capital 1969 PCL BKK:SCAP -0.56% 48 Cyclically Adjusted Book per Share is ฿2.69 as of Mar. 2026. GuruFocus rates BKK:SCAP with a GF Score™ of 48/100 and a GF Value™ of ฿1.37 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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.

Srisawad Capital 1969 PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿1.730. 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 ฿2.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Srisawad Capital 1969 PCL's average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Srisawad Capital 1969 PCL was 9.00% per year. The lowest was 0.30% per year. And the median was 5.20% per year.

As of today (2026-07-14), Srisawad Capital 1969 PCL's current stock price is ฿1.76. Srisawad Capital 1969 PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.69. Srisawad Capital 1969 PCL's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Srisawad Capital 1969 PCL was 4.48. The lowest was 0.37. And the median was 1.94.


Srisawad Capital 1969 PCL  (BKK:SCAP) 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.

Srisawad Capital 1969 PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.76/2.69
=0.65

* 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 Srisawad Capital 1969 PCL was 4.48. The lowest was 0.37. And the median was 1.94.


Be Aware

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


Srisawad Capital 1969 PCL Cyclically Adjusted Book per Share Related Terms


Srisawad Capital 1969 PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Srisawad Capital 1969 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.

Srisawad Capital 1969 PCL Cyclically Adjusted Book per Share Chart

Srisawad Capital 1969 PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 2.64 2.65 2.66 2.66

Srisawad Capital 1969 PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.68 2.68 2.68 2.66 2.69

BKK:SCAP vs V, MA, AXP: Cyclically Adjusted Book per Share Comparison

For the Credit Services subindustry, Srisawad Capital 1969 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.


Srisawad Capital 1969 PCL Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Srisawad Capital 1969 PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Srisawad Capital 1969 PCL's Cyclically Adjusted PB Ratio falls into.


BKK:SCAP
48GF Score
Srisawad Capital 1969 PCL BKK:SCAP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Srisawad Capital 1969 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, Srisawad Capital 1969 PCL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.73/330.2130*330.2130
=1.730

Current CPI (Mar. 2026) = 330.2130.

Srisawad Capital 1969 PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.771 241.018 2.426
201609 1.814 241.428 2.481
201612 1.809 241.432 2.474
201703 1.829 243.801 2.477
201706 1.814 244.955 2.445
201709 1.806 246.819 2.416
201712 1.874 246.524 2.510
201803 1.967 249.554 2.603
201806 2.039 251.989 2.672
201809 2.134 252.439 2.791
201812 2.194 251.233 2.884
201903 2.241 254.202 2.911
201906 2.979 256.143 3.840
201909 3.091 256.759 3.975
201912 3.237 256.974 4.160
202003 2.930 258.115 3.748
202006 3.108 257.797 3.981
202009 3.259 260.280 4.135
202012 3.347 260.474 4.243
202103 3.456 264.877 4.308
202106 3.265 271.696 3.968
202109 3.341 274.310 4.022
202112 3.398 278.802 4.025
202203 3.434 287.504 3.944
202206 3.305 296.311 3.683
202209 1.573 296.808 1.750
202212 1.627 296.797 1.810
202303 1.517 301.836 1.660
202306 1.407 305.109 1.523
202309 1.425 307.789 1.529
202312 1.444 306.746 1.554
202403 1.459 312.332 1.543
202406 1.487 314.175 1.563
202409 1.505 315.301 1.576
202412 1.540 315.605 1.611
202503 1.567 319.799 1.618
202506 1.591 322.561 1.629
202509 1.635 324.800 1.662
202512 1.666 324.054 1.698
202603 1.730 330.213 1.730

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

What does a Cyclically Adjusted Book per Share of ฿2.69 mean?
Srisawad Capital 1969 PCL (BKK:SCAP) has a Cyclically Adjusted Book per Share of ฿2.69 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Srisawad Capital 1969 PCL and its competitors.
Is Srisawad Capital 1969 PCL's Cyclically Adjusted Book per Share too high?
Srisawad Capital 1969 PCL's current Cyclically Adjusted Book per Share is ฿2.69. Overall, Srisawad Capital 1969 PCL has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Srisawad Capital 1969 PCL's Cyclically Adjusted Book per Share compare to V and MA?
Srisawad Capital 1969 PCL's Cyclically Adjusted Book per Share of ฿2.69 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Credit Services company?
A good Cyclically Adjusted Book per Share depends on the Credit Services industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Srisawad Capital 1969 PCL and its competitors. Srisawad Capital 1969 PCL's current Cyclically Adjusted Book per Share is ฿2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Srisawad Capital 1969 PCL stock overvalued right now?
Based on GuruFocus' analysis, Srisawad Capital 1969 PCL (BKK:SCAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.37, compared to a current price of ฿1.76 — trading 28.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ฿2.69. Srisawad Capital 1969 PCL's overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Srisawad Capital 1969 PCL (BKK:SCAP), the current Cyclically Adjusted Book per Share is ฿2.69 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Srisawad Capital 1969 PCL (BKK:SCAP) Overvalued in 2026?

Based on GuruFocus' analysis, Srisawad Capital 1969 PCL stock appears to be overvalued. The current stock price of ฿1.76 is trading 28.5% above its estimated GF Value™ of ฿1.37. GuruFocus considers Srisawad Capital 1969 PCL to be Modestly Overvalued.

Key valuation signals for BKK:SCAP:

  • Cyclically Adjusted Book per Share: ฿2.69
  • GF Value™: ฿1.37 vs. price of ฿1.76 (28.5% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the BKK:SCAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Srisawad Capital 1969 PCL Business Description

Address Chaeng Watthana Road, 3 Sub Alley, No. 99/392 Srisawad Building, Floor 1st, 3rd, 5th, 6th, Chaeng Watthana 10 Alley, Tungsonghong Subdistrict, Laksi District, Bangkok, THA, 10120
Srisawad Capital 1969 PCL is a finance company under the supervision of the Bank of Thailand. The principal business operations of the Company and its subsidiaries (the Group) are engaged in financial services specifically hire-purchase and loan services. The majority of the company's revenue is generated from the Hire-purchase segment.
48GF Score

Get the complete analysis for BKK:SCAP

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.76
Price
฿1.37
GF Value