GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TISCO Financial Group PCL (BKK:TISCO) » Definitions » Cyclically Adjusted Book per Share

TISCO Financial Group PCL (BKK:TISCO) Cyclically Adjusted Book per Share : ฿55.09 (As of Mar. 2025)


View and export this data going back to 2000. Start your Free Trial

What is TISCO Financial 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.

TISCO Financial Group PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿55.826. 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 ฿55.09 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TISCO Financial Group PCL's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 TISCO Financial Group PCL was 11.70% per year. The lowest was 8.10% per year. And the median was 10.40% per year.

As of today (2025-05-31), TISCO Financial Group PCL's current stock price is ฿97.50. TISCO Financial Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿55.09. TISCO Financial Group PCL's Cyclically Adjusted PB Ratio of today is 1.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TISCO Financial Group PCL was 3.34. The lowest was 1.70. And the median was 2.19.


TISCO Financial Group PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for TISCO Financial 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.

TISCO Financial Group PCL Cyclically Adjusted Book per Share Chart

TISCO Financial 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 37.57 42.84 47.96 51.36 54.11

TISCO Financial 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 52.68 53.32 53.79 54.11 55.09

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

For the Banks - Regional subindustry, TISCO Financial 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.


TISCO Financial Group PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, TISCO Financial Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

TISCO Financial 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, TISCO Financial 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)
=55.826/134.9266*134.9266
=55.826

Current CPI (Mar. 2025) = 134.9266.

TISCO Financial Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 32.876 100.684 44.057
201509 33.547 100.392 45.087
201512 35.090 99.792 47.444
201603 36.713 100.470 49.304
201606 35.749 101.688 47.434
201609 37.353 101.861 49.478
201612 38.999 101.863 51.658
201703 40.959 102.862 53.727
201706 39.243 103.349 51.233
201709 41.266 104.136 53.468
201712 43.220 104.011 56.066
201803 45.398 105.290 58.177
201806 42.377 106.317 53.781
201809 44.684 106.507 56.607
201812 47.082 105.998 59.932
201903 49.328 107.251 62.057
201906 44.402 108.070 55.437
201909 46.700 108.329 58.166
201912 48.951 108.420 60.919
202003 51.372 108.902 63.649
202006 45.267 108.767 56.154
202009 47.263 109.815 58.071
202012 49.283 109.897 60.508
202103 51.480 111.754 62.154
202106 47.277 114.631 55.647
202109 49.218 115.734 57.380
202112 51.454 117.630 59.020
202203 53.700 121.301 59.732
202206 49.019 125.017 52.905
202209 51.235 125.227 55.204
202212 53.440 125.222 57.582
202303 55.699 127.348 59.014
202306 50.221 128.729 52.639
202309 50.554 129.860 52.527
202312 53.013 129.419 55.269
202403 55.211 131.776 56.531
202406 51.648 132.554 52.573
202409 51.789 133.029 52.528
202412 53.758 133.157 54.472
202503 55.826 134.927 55.826

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


TISCO Financial Group PCL  (BKK:TISCO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=97.50/55.09
=1.77

* 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 TISCO Financial Group PCL was 3.34. The lowest was 1.70. And the median was 2.19.


Be Aware

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


TISCO Financial Group PCL Cyclically Adjusted Book per Share Related Terms

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


TISCO Financial Group PCL Business Description

Traded in Other Exchanges
Address
North Sathorn Road, No. 48/49, TISCO Tower, 21st Floor, Silom Sub-district, Bangrak District, Bangkok, THA, 10500
TISCO Financial Group PCL is a bank that provides commercial banking products and services. The company is headquartered in Thailand and generates revenue domestically. The bank separates itself into four segments: commercial banking and lending business, securities business, asset management business, and support business. The company derives maximum revenue from commercial banking and lending business.

TISCO Financial Group PCL Headlines

No Headlines