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Thanasiri Group PCL (BKK:THANA-R) Cyclically Adjusted Book per Share : ฿2.15 (As of Mar. 2025)


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What is Thanasiri Group 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.

Thanasiri Group PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿2.017. 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 ฿2.15 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Thanasiri Group PCL's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.30% 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 Thanasiri Group PCL was 4.30% per year. The lowest was 2.90% per year. And the median was 3.80% per year.

As of today (2025-07-05), Thanasiri Group PCL's current stock price is ฿1.05. Thanasiri Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿2.15. Thanasiri Group PCL's Cyclically Adjusted PB Ratio of today is 0.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thanasiri Group PCL was 1.81. The lowest was 0.39. And the median was 0.80.


Thanasiri Group PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thanasiri Group 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.

Thanasiri Group PCL Cyclically Adjusted Book per Share Chart

Thanasiri Group 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 1.75 1.85 1.97 2.33 2.04

Thanasiri Group 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 2.49 3.75 3.24 2.04 2.15

Competitive Comparison of Thanasiri Group PCL's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Thanasiri Group 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.


Thanasiri Group PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Thanasiri Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Thanasiri Group 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, Thanasiri Group 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)
=2.017/134.9266*134.9266
=2.017

Current CPI (Mar. 2025) = 134.9266.

Thanasiri Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.676 100.684 2.246
201509 1.701 100.392 2.286
201512 1.717 99.792 2.322
201603 1.742 100.470 2.339
201606 1.641 101.688 2.177
201609 1.670 101.861 2.212
201612 1.706 101.863 2.260
201703 1.772 102.862 2.324
201706 1.777 103.349 2.320
201709 1.830 104.136 2.371
201712 1.834 104.011 2.379
201803 1.829 105.290 2.344
201806 1.840 106.317 2.335
201809 1.809 106.507 2.292
201812 1.765 105.998 2.247
201903 1.771 107.251 2.228
201906 1.691 108.070 2.111
201909 1.633 108.329 2.034
201912 1.525 108.420 1.898
202003 1.491 108.902 1.847
202006 1.469 108.767 1.822
202009 1.491 109.815 1.832
202012 1.459 109.897 1.791
202103 1.452 111.754 1.753
202106 1.474 114.631 1.735
202109 1.440 115.734 1.679
202112 1.575 117.630 1.807
202203 1.641 121.301 1.825
202206 1.696 125.017 1.830
202209 1.694 125.227 1.825
202212 1.944 125.222 2.095
202303 2.086 127.348 2.210
202306 2.018 128.729 2.115
202309 2.022 129.860 2.101
202312 2.001 129.419 2.086
202403 2.029 131.776 2.078
202406 2.083 132.554 2.120
202409 2.065 133.029 2.094
202412 2.071 133.157 2.099
202503 2.017 134.927 2.017

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


Thanasiri Group PCL  (BKK:THANA-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.05/2.15
=0.49

* 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 Thanasiri Group PCL was 1.81. The lowest was 0.39. And the median was 0.80.


Be Aware

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


Thanasiri Group PCL Cyclically Adjusted Book per Share Related Terms

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


Thanasiri Group PCL Business Description

Industry
Traded in Other Exchanges
Address
650, 652 Baromratchonnanee Road, Bangbumru, Bangplad, Bangkok, THA, 10700
Thanasiri Group PCL is a Thailand based company. It is engaged in the business of Property development for sale. The operations of the company are located in Thailand. The projects of the company include Thana Hibbati Pinklao - Sirindhorn, Thanasiri Ratchaphruek - Tha Nam Non, Thana Village Rama 5 - Bangyai, Thanasio Rattanathibet and Thana Cluster Ratchapruek, among others. Its operating segments include Real estate business - horizontal; Service business and Sell products business.

Thanasiri Group PCL Headlines

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