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Bangkok Bank PCL (FRA:BKKF) Cyclically Adjusted Book per Share : €6.75 (As of Mar. 2024)


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What is Bangkok Bank 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.

Bangkok Bank PCL's adjusted book value per share for the three months ended in Mar. 2024 was €7.448. 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 €6.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bangkok Bank PCL's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.70% 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 Bangkok Bank PCL was 9.70% per year. The lowest was 7.20% per year. And the median was 8.90% per year.

As of today (2024-06-13), Bangkok Bank PCL's current stock price is €3.36. Bangkok Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.75. Bangkok Bank PCL's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bangkok Bank PCL was 1.34. The lowest was 0.49. And the median was 0.63.


Bangkok Bank PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bangkok Bank 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.

Bangkok Bank PCL Cyclically Adjusted Book per Share Chart

Bangkok Bank PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.35 5.46 5.50 6.43 6.67

Bangkok Bank PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.54 6.19 6.55 6.67 6.75

Competitive Comparison of Bangkok Bank PCL's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bangkok Bank 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.


Bangkok Bank PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.448/131.7762*131.7762
=7.448

Current CPI (Mar. 2024) = 131.7762.

Bangkok Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.716 100.560 4.870
201409 4.026 100.428 5.283
201412 4.179 99.070 5.559
201503 4.953 99.621 6.552
201506 4.843 100.684 6.339
201509 4.602 100.392 6.041
201512 4.835 99.792 6.385
201603 4.950 100.470 6.492
201606 4.880 101.688 6.324
201609 4.987 101.861 6.452
201612 5.261 101.863 6.806
201703 5.420 102.862 6.944
201706 5.275 103.349 6.726
201709 5.213 104.136 6.597
201712 5.452 104.011 6.907
201803 5.511 105.290 6.897
201806 5.519 106.317 6.841
201809 5.575 106.507 6.898
201812 5.812 105.998 7.225
201903 6.213 107.251 7.634
201906 6.308 108.070 7.692
201909 6.696 108.329 8.145
201912 6.679 108.420 8.118
202003 6.128 108.902 7.415
202006 6.548 108.767 7.933
202009 6.231 109.815 7.477
202012 6.428 109.897 7.708
202103 6.576 111.754 7.754
202106 6.470 114.631 7.438
202109 6.550 115.734 7.458
202112 6.807 117.630 7.626
202203 7.121 121.301 7.736
202206 7.018 125.017 7.397
202209 7.281 125.227 7.662
202212 7.188 125.222 7.564
202303 7.315 127.348 7.569
202306 7.211 128.729 7.382
202309 7.224 129.860 7.331
202312 7.264 129.419 7.396
202403 7.448 131.776 7.448

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


Bangkok Bank PCL  (FRA:BKKF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.36/6.75
=0.50

* 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 Bangkok Bank PCL was 1.34. The lowest was 0.49. And the median was 0.63.


Be Aware

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


Bangkok Bank PCL Cyclically Adjusted Book per Share Related Terms

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


Bangkok Bank PCL (FRA:BKKF) Business Description

Industry
Address
333 Silom Road, Bangrak, Bangkok, THA, 10500
Bangkok Bank PCL is a Thai commercial bank with some international exposure to other Asian countries, the United Kingdom, and the United States. The bank's business units include corporate, commercial, business, consumer, international, and investment banking. Corporate banking services include loans, project finance, treasury, investment banking, trade finance, cash management, and securities. Nearly half of its loan portfolio is exposed to manufacturing and commercial businesses, followed by the utilities sector. The bank's strategy calls for increasingly leveraging its connection to other Asian countries, lending to high-growth sectors, and creating an omnichannel customer experience.

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