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Thai Capital PCL (BKK:TCC-R) Cyclically Adjusted Book per Share : ฿0.85 (As of Mar. 2025)


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What is Thai 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.

Thai Capital PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿0.789. 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 ฿0.85 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Thai Capital PCL was 3.60% per year. The lowest was 2.10% per year. And the median was 3.15% per year.

As of today (2025-07-19), Thai Capital PCL's current stock price is ฿0.29. Thai Capital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿0.85. Thai Capital PCL's Cyclically Adjusted PB Ratio of today is 0.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thai Capital PCL was 2.29. The lowest was 0.21. And the median was 0.57.


Thai Capital PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thai 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.

Thai Capital PCL Cyclically Adjusted Book per Share Chart

Thai 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 0.67 0.77 0.79 1.01 0.77

Thai 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 1.10 1.17 1.04 0.77 0.85

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

For the Thermal Coal subindustry, Thai 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.


Thai Capital PCL's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thai Capital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Thai 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, Thai 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)
=0.789/134.9266*134.9266
=0.789

Current CPI (Mar. 2025) = 134.9266.

Thai Capital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.782 100.684 1.048
201509 0.740 100.392 0.995
201512 0.745 99.792 1.007
201603 0.669 100.470 0.898
201606 0.671 101.688 0.890
201609 0.668 101.861 0.885
201612 0.672 101.863 0.890
201703 0.659 102.862 0.864
201706 0.645 103.349 0.842
201709 0.645 104.136 0.836
201712 0.624 104.011 0.809
201803 0.626 105.290 0.802
201806 0.633 106.317 0.803
201809 0.630 106.507 0.798
201812 0.626 105.998 0.797
201903 0.618 107.251 0.777
201906 0.617 108.070 0.770
201909 0.616 108.329 0.767
201912 0.612 108.420 0.762
202003 0.610 108.902 0.756
202006 0.602 108.767 0.747
202009 0.600 109.815 0.737
202012 0.594 109.897 0.729
202103 0.593 111.754 0.716
202106 0.596 114.631 0.702
202109 0.624 115.734 0.727
202112 0.696 117.630 0.798
202203 0.716 121.301 0.796
202206 0.736 125.017 0.794
202209 0.788 125.227 0.849
202212 0.806 125.222 0.868
202303 0.811 127.348 0.859
202306 0.769 128.729 0.806
202309 0.799 129.860 0.830
202312 0.796 129.419 0.830
202403 0.802 131.776 0.821
202406 0.776 132.554 0.790
202409 0.775 133.029 0.786
202412 0.782 133.157 0.792
202503 0.789 134.927 0.789

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


Thai Capital PCL  (BKK:TCC-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.29/0.85
=0.34

* 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 Thai Capital PCL was 2.29. The lowest was 0.21. And the median was 0.57.


Be Aware

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


Thai Capital PCL Cyclically Adjusted Book per Share Related Terms

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


Thai Capital PCL Business Description

Industry
Traded in Other Exchanges
Address
All Seasons Place, Wireless Road, 87/2 CRC Tower, 45th Floor, Lumpini, Phathumwan, Bangkok, THA, 10330
Thai Capital Corp PCL imports, distributes, and sells coal and steel products. The company and its subsidiaries engage in three principal businesses; Distribution of coal, Property Development, and Asset Management. The company focuses on importing coal for sale to industries that utilize coal as a source of energy. It also serves food, garments, Cement, and other Industries. The group operating segment includes the sale of coal and Asset Management. The group generates the majority of its revenue from the sale of coal.

Thai Capital PCL Headlines

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