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Thitikorn PCL (BKK:TK) Cyclically Adjusted Book per Share : ฿12.00 (As of Dec. 2024)


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What is Thitikorn 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.

Thitikorn PCL's adjusted book value per share for the three months ended in Dec. 2024 was ฿10.840. 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 ฿12.00 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Thitikorn PCL's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Thitikorn PCL was 7.90% per year. The lowest was 5.30% per year. And the median was 6.60% per year.

As of today (2025-05-20), Thitikorn PCL's current stock price is ฿3.84. Thitikorn PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿12.00. Thitikorn PCL's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thitikorn PCL was 2.26. The lowest was 0.28. And the median was 0.90.


Thitikorn PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thitikorn 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.

Thitikorn PCL Cyclically Adjusted Book per Share Chart

Thitikorn 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 9.34 10.29 11.16 11.62 12.00

Thitikorn PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 11.62 11.84 11.93 11.99 12.00

Competitive Comparison of Thitikorn PCL's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Thitikorn 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.


Thitikorn PCL's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

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

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


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Thitikorn 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, Thitikorn PCL's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=10.84/133.1571*133.1571
=10.840

Current CPI (Dec. 2024) = 133.1571.

Thitikorn PCL Quarterly Data

Book Value per Share CPI Adj_Book
201503 8.203 99.621 10.964
201506 8.240 100.684 10.898
201509 8.371 100.392 11.103
201512 8.629 99.792 11.514
201603 8.848 100.470 11.727
201606 8.659 101.688 11.339
201609 8.884 101.861 11.614
201612 9.085 101.863 11.876
201703 9.270 102.862 12.000
201706 9.062 103.349 11.676
201709 9.325 104.136 11.924
201712 9.545 104.011 12.220
201803 9.762 105.290 12.346
201806 9.446 106.317 11.831
201809 9.629 106.507 12.038
201812 10.133 105.998 12.729
201903 10.075 107.251 12.509
201906 9.811 108.070 12.089
201909 10.056 108.329 12.361
201912 10.537 108.420 12.941
202003 10.821 108.902 13.231
202006 10.294 108.767 12.602
202009 10.524 109.815 12.761
202012 10.683 109.897 12.944
202103 10.924 111.754 13.016
202106 10.743 114.631 12.479
202109 11.064 115.734 12.730
202112 11.279 117.630 12.768
202203 11.537 121.301 12.665
202206 11.321 125.017 12.058
202209 11.538 125.227 12.269
202212 11.476 125.222 12.203
202303 11.487 127.348 12.011
202306 11.173 128.729 11.557
202309 11.274 129.860 11.560
202312 11.156 129.419 11.478
202403 11.206 131.776 11.323
202406 10.981 132.554 11.031
202409 10.730 133.029 10.740
202412 10.840 133.157 10.840

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


Thitikorn PCL  (BKK:TK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.84/12.00
=0.32

* 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 Thitikorn PCL was 2.26. The lowest was 0.28. And the median was 0.90.


Be Aware

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


Thitikorn PCL Cyclically Adjusted Book per Share Related Terms

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


Thitikorn PCL Business Description

Industry
Traded in Other Exchanges
Address
69 Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, THA, 10240
Thitikorn PCL and its subsidiaries are engaged in the vehicle hire-purchase business and related other services, and letting of motorcycle under operating lease. The company has a single-core operating segment which is hire-purchase on automobiles and motorcycles for general retail customers whereby the business activities with respect to loans, personal loans, and nano finance/microfinance to the general retail customers are insignificant portion as compared to the entire volumes and business activities. The company generates the majority of its revenue from the Domestic market.

Thitikorn PCL Headlines