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Thai Airways International PCL (BKK:THAI-R) Cyclically Adjusted Book per Share : ฿0.00 (As of Mar. 2025)


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What is Thai Airways International PCL Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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 Airways International PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿1.956. 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 ฿0.00 for the trailing ten years ended in Mar. 2025.

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 Airways International PCL was -14.60% per year. The lowest was -39.40% per year. And the median was -21.80% per year.

As of today (2025-06-27), Thai Airways International PCL's current stock price is ฿0.00. Thai Airways International PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿0.00. Thai Airways International PCL's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thai Airways International PCL was 10.38. The lowest was 0.13. And the median was 0.46.


Thai Airways International PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thai Airways International 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 Airways International PCL Cyclically Adjusted Book per Share Chart

Thai Airways International PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
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Thai Airways International PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Thai Airways International PCL's Cyclically Adjusted Book per Share

For the Airlines subindustry, Thai Airways International 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 Airways International PCL's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Thai Airways International 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 Airways International 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)
=1.956/134.9266*134.9266
=1.956

Current CPI (Mar. 2025) = 134.9266.

Thai Airways International PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 14.580 100.684 19.539
201509 9.217 100.392 12.388
201512 15.052 99.792 20.351
201603 17.585 100.470 23.616
201606 15.989 101.688 21.215
201609 15.300 101.861 20.267
201612 15.348 101.863 20.330
201703 16.915 102.862 22.188
201706 14.422 103.349 18.829
201709 13.669 104.136 17.711
201712 14.620 104.011 18.966
201803 15.867 105.290 20.333
201806 14.302 106.317 18.151
201809 12.951 106.507 16.407
201812 9.313 105.998 11.855
201903 10.738 107.251 13.509
201906 7.677 108.070 9.585
201909 5.670 108.329 7.062
201912 5.342 108.420 6.648
202003 -5.757 108.902 -7.133
202006 -8.351 108.767 -10.359
202009 -18.336 109.815 -22.529
202012 -58.981 109.897 -72.414
202103 0.000 111.754 0.000
202106 -53.399 114.631 -62.853
202109 -35.077 115.734 -40.894
202112 -32.676 117.630 -37.481
202203 -34.159 121.301 -37.996
202206 -35.631 125.017 -38.455
202209 -37.820 125.227 -40.750
202212 -32.565 125.222 -35.089
202303 -26.833 127.348 -28.430
202306 -25.801 128.729 -27.043
202309 -25.096 129.860 -26.075
202312 -19.798 129.419 -20.640
202403 -18.694 131.776 -19.141
202406 -18.554 132.554 -18.886
202409 -12.833 133.029 -13.016
202412 1.608 133.157 1.629
202503 1.956 134.927 1.956

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


Thai Airways International PCL  (BKK:THAI-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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thai Airways International PCL was 10.38. The lowest was 0.13. And the median was 0.46.


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 Airways International PCL Cyclically Adjusted Book per Share Related Terms

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


Thai Airways International PCL Business Description

Traded in Other Exchanges
Address
89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.

Thai Airways International PCL Headlines

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