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Bangkok Airways PCL (BKK:BA-R) Cyclically Adjusted PB Ratio : 0.89 (As of Jul. 09, 2025)


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What is Bangkok Airways PCL Cyclically Adjusted PB Ratio?

As of today (2025-07-09), Bangkok Airways PCL's current share price is ฿12.81447. Bangkok Airways PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿14.33. Bangkok Airways PCL's Cyclically Adjusted PB Ratio for today is 0.89.

The historical rank and industry rank for Bangkok Airways PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:BA-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.11   Max: 1.81
Current: 0.9

During the past years, Bangkok Airways PCL's highest Cyclically Adjusted PB Ratio was 1.81. The lowest was 0.80. And the median was 1.11.

BKK:BA-R's Cyclically Adjusted PB Ratio is ranked better than
65.56% of 723 companies
in the Transportation industry
Industry Median: 1.27 vs BKK:BA-R: 0.90

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 Airways PCL's adjusted book value per share data for the three months ended in Mar. 2025 was ฿7.557. 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 ฿14.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Airways PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bangkok Airways PCL's Cyclically Adjusted PB Ratio 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 Airways PCL Cyclically Adjusted PB Ratio Chart

Bangkok Airways PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.97 1.12 1.60

Bangkok Airways 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 PB Ratio 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 1.11 1.48 1.74 1.60 1.32

Competitive Comparison of Bangkok Airways PCL's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Bangkok Airways 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 Airways PCL's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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Bangkok Airways PCL Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Bangkok Airways PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.81447/14.33
=0.89

* 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.

Bangkok Airways PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Bangkok Airways 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)
=7.557/134.9266*134.9266
=7.557

Current CPI (Mar. 2025) = 134.9266.

Bangkok Airways PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.486 100.684 18.073
201509 13.003 100.392 17.476
201512 14.741 99.792 19.931
201603 15.990 100.470 21.474
201606 15.711 101.688 20.846
201609 14.825 101.861 19.637
201612 15.196 101.863 20.129
201703 14.625 102.862 19.184
201706 12.947 103.349 16.903
201709 13.474 104.136 17.458
201712 13.482 104.011 17.489
201803 14.933 105.290 19.136
201806 15.052 106.317 19.102
201809 15.283 106.507 19.361
201812 14.834 105.998 18.882
201903 15.189 107.251 19.109
201906 15.186 108.070 18.960
201909 14.485 108.329 18.041
201912 14.538 108.420 18.092
202003 10.818 108.902 13.403
202006 11.147 108.767 13.828
202009 9.131 109.815 11.219
202012 9.510 109.897 11.676
202103 9.565 111.754 11.548
202106 9.850 114.631 11.594
202109 6.346 115.734 7.398
202112 6.400 117.630 7.341
202203 6.767 121.301 7.527
202206 6.469 125.017 6.982
202209 8.026 125.227 8.648
202212 8.009 125.222 8.630
202303 8.628 127.348 9.141
202306 8.205 128.729 8.600
202309 8.659 129.860 8.997
202312 8.088 129.419 8.432
202403 9.177 131.776 9.396
202406 8.397 132.554 8.547
202409 9.051 133.029 9.180
202412 7.586 133.157 7.687
202503 7.557 134.927 7.557

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


Bangkok Airways PCL  (BKK:BA-R) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Bangkok Airways PCL Cyclically Adjusted PB Ratio Related Terms

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Bangkok Airways PCL Business Description

Traded in Other Exchanges
Address
99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand.

Bangkok Airways PCL Headlines

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