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Thoresen Thai Agencies PCL (FRA:NYVU) Cyclically Adjusted Book per Share : €0.35 (As of Mar. 2024)


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What is Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL's adjusted book value per share for the three months ended in Mar. 2024 was €0.385. 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 €0.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Thoresen Thai Agencies PCL's average Cyclically Adjusted Book Growth Rate was -3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -6.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -8.00% 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 Thoresen Thai Agencies PCL was -2.30% per year. The lowest was -9.40% per year. And the median was -8.10% per year.

As of today (2024-06-16), Thoresen Thai Agencies PCL's current stock price is €0.181. Thoresen Thai Agencies PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.35. Thoresen Thai Agencies PCL's Cyclically Adjusted PB Ratio of today is 0.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thoresen Thai Agencies PCL was 1.03. The lowest was 0.09. And the median was 0.41.


Thoresen Thai Agencies PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL Cyclically Adjusted Book per Share Chart

Thoresen Thai Agencies PCL Annual Data
Trend Sep14 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 0.56 0.45 0.42 0.40 0.36

Thoresen Thai Agencies 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 0.40 0.36 0.37 0.36 0.35

Competitive Comparison of Thoresen Thai Agencies PCL's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Thoresen Thai Agencies 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.


Thoresen Thai Agencies PCL's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Thoresen Thai Agencies 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, Thoresen Thai Agencies 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)
=0.385/131.7762*131.7762
=0.385

Current CPI (Mar. 2024) = 131.7762.

Thoresen Thai Agencies PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.414 100.560 0.543
201409 0.439 100.428 0.576
201412 0.460 99.070 0.612
201503 0.479 99.621 0.634
201506 0.463 100.684 0.606
201509 0.459 100.392 0.602
201512 0.303 99.792 0.400
201603 0.304 100.470 0.399
201606 0.297 101.688 0.385
201609 0.296 101.861 0.383
201612 0.303 101.863 0.392
201703 0.298 102.862 0.382
201706 0.290 103.349 0.370
201709 0.277 104.136 0.351
201712 0.281 104.011 0.356
201803 0.271 105.290 0.339
201806 0.288 106.317 0.357
201809 0.285 106.507 0.353
201812 0.288 105.998 0.358
201903 0.291 107.251 0.358
201906 0.285 108.070 0.348
201909 0.307 108.329 0.373
201912 0.297 108.420 0.361
202003 0.290 108.902 0.351
202006 0.277 108.767 0.336
202009 0.248 109.815 0.298
202012 0.242 109.897 0.290
202103 0.253 111.754 0.298
202106 0.255 114.631 0.293
202109 0.282 115.734 0.321
202112 0.308 117.630 0.345
202203 0.332 121.301 0.361
202206 0.352 125.017 0.371
202209 0.393 125.227 0.414
202212 0.366 125.222 0.385
202303 0.365 127.348 0.378
202306 0.367 128.729 0.376
202309 0.375 129.860 0.381
202312 0.360 129.419 0.367
202403 0.385 131.776 0.385

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


Thoresen Thai Agencies PCL  (FRA:NYVU) 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.

Thoresen Thai Agencies PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.181/0.35
=0.52

* 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 Thoresen Thai Agencies PCL was 1.03. The lowest was 0.09. And the median was 0.41.


Be Aware

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


Thoresen Thai Agencies PCL Cyclically Adjusted Book per Share Related Terms

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


Thoresen Thai Agencies PCL (FRA:NYVU) Business Description

Traded in Other Exchanges
Address
Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from Shipping Segment.

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