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Trc Construction PCL (BKK:TRC) Cyclically Adjusted Book per Share : ฿2.09 (As of Mar. 2025)


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What is Trc Construction 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.

Trc Construction PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿-0.009. 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 ฿2.09 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Trc Construction PCL's average Cyclically Adjusted Book Growth Rate was -100.00% 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 -2.90% 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 Trc Construction PCL was 1.90% per year. The lowest was -5.50% per year. And the median was -0.80% per year.

As of today (2025-05-24), Trc Construction PCL's current stock price is ฿0.58. Trc Construction PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿2.09. Trc Construction PCL's Cyclically Adjusted PB Ratio of today is 0.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trc Construction PCL was 4.43. The lowest was 0.19. And the median was 1.18.


Trc Construction PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Trc Construction 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.

Trc Construction PCL Cyclically Adjusted Book per Share Chart

Trc Construction 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 2.51 2.55 2.51 2.36 2.15

Trc Construction 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 2.34 2.29 2.23 2.15 2.09

Competitive Comparison of Trc Construction PCL's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Trc Construction 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.


Trc Construction PCL's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trc Construction PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Trc Construction 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, Trc Construction 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)
=-0.009/134.9266*134.9266
=-0.009

Current CPI (Mar. 2025) = 134.9266.

Trc Construction PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.499 100.684 3.349
201509 3.484 100.392 4.683
201512 3.628 99.792 4.905
201603 3.737 100.470 5.019
201606 3.683 101.688 4.887
201609 3.785 101.861 5.014
201612 3.989 101.863 5.284
201703 3.930 102.862 5.155
201706 4.005 103.349 5.229
201709 4.037 104.136 5.231
201712 4.093 104.011 5.310
201803 4.107 105.290 5.263
201806 4.022 106.317 5.104
201809 4.086 106.507 5.176
201812 1.077 105.998 1.371
201903 1.006 107.251 1.266
201906 1.060 108.070 1.323
201909 1.176 108.329 1.465
201912 0.975 108.420 1.213
202003 0.981 108.902 1.215
202006 0.895 108.767 1.110
202009 0.469 109.815 0.576
202012 0.487 109.897 0.598
202103 0.376 111.754 0.454
202106 0.421 114.631 0.496
202109 0.430 115.734 0.501
202112 0.446 117.630 0.512
202203 0.411 121.301 0.457
202206 0.400 125.017 0.432
202209 0.337 125.227 0.363
202212 0.336 125.222 0.362
202303 0.326 127.348 0.345
202306 0.132 128.729 0.138
202309 0.105 129.860 0.109
202312 -0.269 129.419 -0.280
202403 0.082 131.776 0.084
202406 0.143 132.554 0.146
202409 0.096 133.029 0.097
202412 -0.246 133.157 -0.249
202503 -0.009 134.927 -0.009

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


Trc Construction PCL  (BKK:TRC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.58/2.09
=0.28

* 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 Trc Construction PCL was 4.43. The lowest was 0.19. And the median was 1.18.


Be Aware

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


Trc Construction PCL Cyclically Adjusted Book per Share Related Terms

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


Trc Construction PCL Business Description

Industry
Traded in Other Exchanges
Address
Number 8, Soi Sukhapiban 5 soi 32, Kwang Tha Raeng, Khet Bang Khen, Bangkok, THA, 10220
Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. Business activity of the group functions through various segments which include Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. Its geographical reach includes Thailand and the Sultanate of Oman and it earns through Construction Services income, interest income, and other income.