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VGI PCL (BKK:VGI-F) Cyclically Adjusted Book per Share : ฿1.61 (As of Mar. 2025)


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What is VGI 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.

VGI PCL's adjusted book value per share for the three months ended in Mar. 2025 was ฿1.740. 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 ฿1.61 for the trailing ten years ended in Mar. 2025.

During the past 12 months, VGI PCL's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.50% 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 VGI PCL was 24.90% per year. The lowest was 19.50% per year. And the median was 22.20% per year.

As of today (2025-07-21), VGI PCL's current stock price is ฿2.06. VGI PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿1.61. VGI PCL's Cyclically Adjusted PB Ratio of today is 1.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of VGI PCL was 11.42. The lowest was 0.85. And the median was 3.32.


VGI PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for VGI 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.

VGI PCL Cyclically Adjusted Book per Share Chart

VGI PCL Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 1.28 2.14 1.73 1.61

VGI 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 1.73 2.01 1.18 1.31 1.61

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

For the Conglomerates subindustry, VGI 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.


VGI PCL's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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


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VGI 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, VGI 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)
=1.74/134.9266*134.9266
=1.740

Current CPI (Mar. 2025) = 134.9266.

VGI PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.289 100.684 0.387
201509 0.301 100.392 0.405
201512 0.334 99.792 0.452
201603 0.314 100.470 0.422
201606 0.357 101.688 0.474
201609 0.327 101.861 0.433
201612 0.360 101.863 0.477
201703 0.260 102.862 0.341
201706 0.284 103.349 0.371
201709 0.299 104.136 0.387
201712 0.579 104.011 0.751
201803 0.590 105.290 0.756
201806 1.564 106.317 1.985
201809 1.549 106.507 1.962
201812 1.555 105.998 1.979
201903 1.536 107.251 1.932
201906 1.668 108.070 2.083
201909 1.757 108.329 2.188
201912 1.723 108.420 2.144
202003 1.425 108.902 1.766
202006 1.621 108.767 2.011
202009 1.612 109.815 1.981
202012 1.731 109.897 2.125
202103 1.850 111.754 2.234
202106 1.773 114.631 2.087
202109 1.723 115.734 2.009
202112 1.816 117.630 2.083
202203 3.248 121.301 3.613
202206 2.477 125.017 2.673
202209 2.483 125.227 2.675
202212 2.521 125.222 2.716
202303 2.513 127.348 2.663
202306 2.457 128.729 2.575
202309 2.434 129.860 2.529
202312 2.085 129.419 2.174
202403 2.080 131.776 2.130
202406 2.032 132.554 2.068
202409 2.069 133.029 2.099
202412 1.797 133.157 1.821
202503 1.740 134.927 1.740

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


VGI PCL  (BKK:VGI-F) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.06/1.61
=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 VGI PCL was 11.42. The lowest was 0.85. And the median was 3.32.


Be Aware

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


VGI PCL Cyclically Adjusted Book per Share Related Terms

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


VGI PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » VGI PCL (BKK:VGI-F) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
21 Viphavadi-Rangsit Road, 9th Floor, TST Tower, Chomphon, Chatuchak, Bangkok, THA, 10900
VGI PCL is a marketing and advertising company. The company's segments include Transit; Digital services; Distribution and other. It generates maximum revenue from the Transit segment. The transit segment includes the provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column, and the rental of retail space at BTS stations.

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