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Smart Concrete PCL (BKK:SMART) Cyclically Adjusted Book per Share : ฿0.68 (As of Dec. 2024)


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What is Smart Concrete 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.

Smart Concrete PCL's adjusted book value per share for the three months ended in Dec. 2024 was ฿0.636. 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 ฿0.68 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Smart Concrete PCL's average Cyclically Adjusted Book Growth Rate was 1.50% 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 (2025-05-17), Smart Concrete PCL's current stock price is ฿0.60. Smart Concrete PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿0.68. Smart Concrete PCL's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Smart Concrete PCL was 2.22. The lowest was 0.89. And the median was 1.16.


Smart Concrete PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Smart Concrete 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.

Smart Concrete PCL Cyclically Adjusted Book per Share Chart

Smart Concrete 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 - - - 0.67 0.68

Smart Concrete PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.67 0.68 0.69 0.69 0.68

Competitive Comparison of Smart Concrete PCL's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Smart Concrete 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.


Smart Concrete PCL's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Smart Concrete 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, Smart Concrete PCL's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.636/133.1571*133.1571
=0.636

Current CPI (Dec. 2024) = 133.1571.

Smart Concrete PCL Quarterly Data

Book Value per Share CPI Adj_Book
201503 0.647 99.621 0.865
201506 0.643 100.684 0.850
201509 0.638 100.392 0.846
201512 0.633 99.792 0.845
201603 0.623 100.470 0.826
201606 0.610 101.688 0.799
201609 0.602 101.861 0.787
201612 0.593 101.863 0.775
201703 0.579 102.862 0.750
201706 0.541 103.349 0.697
201709 0.526 104.136 0.673
201712 0.513 104.011 0.657
201803 0.505 105.290 0.639
201806 0.493 106.317 0.617
201809 0.492 106.507 0.615
201812 0.488 105.998 0.613
201903 0.491 107.251 0.610
201906 0.498 108.070 0.614
201909 0.514 108.329 0.632
201912 0.535 108.420 0.657
202003 0.549 108.902 0.671
202006 0.533 108.767 0.653
202009 0.543 109.815 0.658
202012 0.559 109.897 0.677
202103 0.574 111.754 0.684
202106 0.549 114.631 0.638
202109 0.651 115.734 0.749
202112 0.583 117.630 0.660
202203 0.591 121.301 0.649
202206 0.554 125.017 0.590
202209 0.562 125.227 0.598
202212 0.581 125.222 0.618
202303 0.605 127.348 0.633
202306 0.589 128.729 0.609
202309 0.620 129.860 0.636
202312 0.645 129.419 0.664
202403 0.672 131.776 0.679
202406 0.606 132.554 0.609
202409 0.627 133.029 0.628
202412 0.636 133.157 0.636

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


Smart Concrete PCL  (BKK:SMART) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.60/0.68
=0.88

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Smart Concrete PCL was 2.22. The lowest was 0.89. And the median was 1.16.


Be Aware

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


Smart Concrete PCL Cyclically Adjusted Book per Share Related Terms

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


Smart Concrete PCL Business Description

Traded in Other Exchanges
Address
11 Moo 9 Banbung-Klaeng Road, Tambol Nong-Irun, Amphur Banbung, Chonburi Province, THA, 20220
Smart Concrete PCL is engaged in the manufacturing and sales of products relating to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products. The products are AAC SMART BLOCK G4, SMART DECORATIVE BLOCK, SMART LINTEL. The company operates in Thailand.

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