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United Paper PCL (BKK:UTP-R) Cyclically Adjusted Book per Share : ฿5.92 (As of Mar. 2025)


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What is United Paper 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.

United Paper PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿7.425. 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 ฿5.92 for the trailing ten years ended in Mar. 2025.

During the past 12 months, United Paper PCL's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.10% 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 United Paper PCL was 15.50% per year. The lowest was 12.60% per year. And the median was 14.00% per year.

As of today (2025-07-19), United Paper PCL's current stock price is ฿7.60. United Paper PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿5.92. United Paper PCL's Cyclically Adjusted PB Ratio of today is 1.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Paper PCL was 6.55. The lowest was 1.30. And the median was 3.61.


United Paper PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Paper 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.

United Paper PCL Cyclically Adjusted Book per Share Chart

United Paper 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 3.35 3.90 4.55 4.85 5.74

United Paper 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 5.44 5.50 5.66 5.74 5.92

Competitive Comparison of United Paper PCL's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, United Paper 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.


United Paper PCL's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, United Paper PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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United Paper 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, United Paper 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)
=7.425/134.9266*134.9266
=7.425

Current CPI (Mar. 2025) = 134.9266.

United Paper PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.872 100.684 3.849
201509 2.934 100.392 3.943
201512 2.999 99.792 4.055
201603 3.099 100.470 4.162
201606 3.024 101.688 4.012
201609 3.082 101.861 4.082
201612 2.756 101.863 3.651
201703 3.238 102.862 4.247
201706 3.186 103.349 4.159
201709 3.320 104.136 4.302
201712 3.172 104.011 4.115
201803 3.429 105.290 4.394
201806 3.469 106.317 4.403
201809 3.813 106.507 4.830
201812 4.117 105.998 5.241
201903 4.421 107.251 5.562
201906 4.183 108.070 5.223
201909 4.518 108.329 5.627
201912 4.845 108.420 6.030
202003 5.310 108.902 6.579
202006 4.991 108.767 6.191
202009 5.361 109.815 6.587
202012 5.316 109.897 6.527
202103 5.761 111.754 6.956
202106 5.731 114.631 6.746
202109 6.065 115.734 7.071
202112 5.939 117.630 6.812
202203 6.362 121.301 7.077
202206 6.475 125.017 6.988
202209 6.350 125.227 6.842
202212 6.336 125.222 6.827
202303 6.659 127.348 7.055
202306 6.722 128.729 7.046
202309 6.821 129.860 7.087
202312 7.085 129.419 7.386
202403 7.361 131.776 7.537
202406 7.187 132.554 7.316
202409 7.005 133.029 7.105
202412 7.213 133.157 7.309
202503 7.425 134.927 7.425

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


United Paper PCL  (BKK:UTP-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.60/5.92
=1.28

* 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 United Paper PCL was 6.55. The lowest was 1.30. And the median was 3.61.


Be Aware

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


United Paper PCL Cyclically Adjusted Book per Share Related Terms

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


United Paper PCL Business Description

Industry
Traded in Other Exchanges
Address
No. 113-115 Rimklongprapa Road, Floor 4, Bangsue, Bangkok, THA, 10800
United Paper PCL is engaged in paper and its related product business. It produces and distributes box surface paper and kraft paper for packaging corrugated boxes. The company's products can be categorized into two main groups, which are Kraft liner boards and Corrugating mediums. Both products are made with different grades and used for various purposes, including packaging for electrical appliances, canned food, beverages, and others. All the operation of the firm is operated through Bangkok, Thailand. United Paper derives revenue from the sale of surface paper and kraft paper.

United Paper PCL Headlines

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