TISCO Financial Group PCL (BKK:TISCO) Cyclically Adjusted Book per Share: ฿58.27 (As of Jun. 2026)

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BKK:TISCO TISCO Financial Group PCL BKK:TISCO
66 GF Score
Price ฿127.00
GF Value ฿105.42
Valuation Modestly Overvalued
! 7 Warning Signs
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What is TISCO Financial Group PCL Cyclically Adjusted Book per Share?

TISCO Financial Group PCL BKK:TISCO 66 Cyclically Adjusted Book per Share is ฿58.27 as of Jun. 2026. GuruFocus rates BKK:TISCO with a GF Score™ of 66/100 and a GF Value™ of ฿105.42 (Modestly Overvalued). The stock has 7 warning signs investors should review.

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 Jun. 2026 was ฿53.042. 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 ฿58.27 for the trailing ten years ended in Jun. 2026.

During the past 12 months, TISCO Financial Group PCL's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 TISCO Financial Group PCL was 11.70% per year. The lowest was 5.50% per year. And the median was 10.20% per year.

As of today (2026-08-29), TISCO Financial Group PCL's current stock price is ฿127.00. TISCO Financial Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿58.27. TISCO Financial Group PCL's Cyclically Adjusted PB Ratio of today is 2.18.

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 2.08.


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
=127.00/58.27
=2.18

* 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 2.08.


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


TISCO Financial Group PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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.

TISCO Financial Group PCL Cyclically Adjusted Book per Share Chart

TISCO Financial Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.84 47.96 51.36 54.11 56.32

TISCO Financial Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 55.75 56.30 56.32 57.53 58.27

BKK:TISCO vs PNC, USB: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BKK:TISCO
66GF Score
TISCO Financial Group PCL BKK:TISCO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=53.042/333.9520*333.9520
=53.042

Current CPI (Jun. 2026) = 333.9520.

TISCO Financial Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 37.353 241.428 51.668
201612 38.999 241.432 53.944
201703 40.959 243.801 56.105
201706 39.243 244.955 53.501
201709 41.266 246.819 55.834
201712 43.220 246.524 58.548
201803 45.398 249.554 60.751
201806 42.377 251.989 56.161
201809 44.684 252.439 59.113
201812 47.082 251.233 62.584
201903 49.328 254.202 64.804
201906 44.402 256.143 57.890
201909 46.700 256.759 60.740
201912 48.951 256.974 63.615
202003 51.372 258.115 66.466
202006 45.267 257.797 58.639
202009 47.263 260.280 60.641
202012 49.283 260.474 63.185
202103 51.480 264.877 64.905
202106 47.277 271.696 58.110
202109 49.218 274.310 59.919
202112 51.454 278.802 61.632
202203 53.700 287.504 62.376
202206 49.019 296.311 55.246
202209 51.235 296.808 57.647
202212 53.440 296.797 60.130
202303 55.699 301.836 61.625
202306 50.221 305.109 54.969
202309 50.554 307.789 54.851
202312 53.013 306.746 57.715
202403 55.211 312.332 59.033
202406 51.648 314.175 54.899
202409 51.789 315.301 54.852
202412 53.758 315.605 56.883
202503 55.826 319.799 58.297
202506 51.992 322.561 53.828
202509 52.155 324.800 53.625
202512 54.173 324.054 55.828
202603 56.365 330.213 57.003
202606 53.042 333.952 53.042

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

What does a Cyclically Adjusted Book per Share of ฿58.27 mean?
TISCO Financial Group PCL (BKK:TISCO) has a Cyclically Adjusted Book per Share of ฿58.27 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on TISCO Financial Group PCL and its competitors.
Is TISCO Financial Group PCL's Cyclically Adjusted Book per Share too high?
TISCO Financial Group PCL's current Cyclically Adjusted Book per Share is ฿58.27. Overall, TISCO Financial Group PCL has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TISCO Financial Group PCL's Cyclically Adjusted Book per Share compare to PNC and USB?
TISCO Financial Group PCL's Cyclically Adjusted Book per Share of ฿58.27 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on TISCO Financial Group PCL and its competitors. TISCO Financial Group PCL's current Cyclically Adjusted Book per Share is ฿58.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TISCO Financial Group PCL stock overvalued right now?
Based on GuruFocus' analysis, TISCO Financial Group PCL (BKK:TISCO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿105.42, compared to a current price of ฿127.00 — trading 20.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ฿58.27. TISCO Financial Group PCL's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For TISCO Financial Group PCL (BKK:TISCO), the current Cyclically Adjusted Book per Share is ฿58.27 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TISCO Financial Group PCL (BKK:TISCO) Overvalued in 2026?

Based on GuruFocus' analysis, TISCO Financial Group PCL stock appears to be overvalued. The current stock price of ฿127.00 is trading 20.5% above its estimated GF Value™ of ฿105.42. GuruFocus considers TISCO Financial Group PCL to be Modestly Overvalued.

Key valuation signals for BKK:TISCO:

  • Cyclically Adjusted Book per Share: ฿58.27
  • GF Value™: ฿105.42 vs. price of ฿127.00 (20.5% above fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the BKK:TISCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TISCO Financial Group PCL Business Description

Other Exchanges TISCO-F:Thailand
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 Thailand-based bank that provides commercial banking products and services and generates revenue domestically. The company operates through four segments: Commercial Banking Business, which provides financial services under a commercial banking license through its headquarters and branches; Securities Business, which provides securities services through a subsidiary's headquarters and branches across the country; Asset Management Business, which provides asset management services; and Support Business, which provides governance and support functions of the Group. The company derives the majority of its revenue from commercial banking and lending business.
66GF Score

Get the complete analysis for BKK:TISCO

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿127.00
Price
฿105.42
GF Value