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Bangkok Life Assurance PCL (BKK:BLA) Cyclically Adjusted PB Ratio : 0.73 (As of Mar. 02, 2025)


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What is Bangkok Life Assurance PCL Cyclically Adjusted PB Ratio?

As of today (2025-03-02), Bangkok Life Assurance PCL's current share price is ฿20.10. Bangkok Life Assurance PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿27.71. Bangkok Life Assurance PCL's Cyclically Adjusted PB Ratio for today is 0.73.

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

BKK:BLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.27   Max: 2.44
Current: 0.73

During the past years, Bangkok Life Assurance PCL's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 0.61. And the median was 1.27.

BKK:BLA's Cyclically Adjusted PB Ratio is ranked better than
76.79% of 392 companies
in the Insurance industry
Industry Median: 1.315 vs BKK:BLA: 0.73

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 Life Assurance PCL's adjusted book value per share data for the three months ended in Dec. 2024 was ฿28.152. 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 ฿27.71 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Life Assurance PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bangkok Life Assurance 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 Life Assurance PCL Cyclically Adjusted PB Ratio Chart

Bangkok Life Assurance 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 1.14 1.71 1.18 0.77 0.76

Bangkok Life Assurance PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.77 0.65 0.69 0.89 0.76

Competitive Comparison of Bangkok Life Assurance PCL's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, Bangkok Life Assurance 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 Life Assurance PCL's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.10/27.71
=0.73

* 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 Life Assurance PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Bangkok Life Assurance PCL's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=28.152/133.1571*133.1571
=28.152

Current CPI (Dec. 2024) = 133.1571.

Bangkok Life Assurance PCL Quarterly Data

Book Value per Share CPI Adj_Book
201503 15.177 99.621 20.286
201506 16.095 100.684 21.286
201509 14.841 100.392 19.685
201512 15.841 99.792 21.137
201603 14.231 100.470 18.861
201606 19.049 101.688 24.944
201609 18.850 101.861 24.642
201612 19.532 101.863 25.533
201703 20.389 102.862 26.394
201706 20.523 103.349 26.442
201709 21.102 104.136 26.983
201712 22.694 104.011 29.053
201803 23.197 105.290 29.337
201806 22.402 106.317 28.058
201809 23.672 106.507 29.595
201812 22.549 105.998 28.327
201903 24.756 107.251 30.736
201906 26.135 108.070 32.202
201909 26.490 108.329 32.561
201912 25.900 108.420 31.809
202003 23.512 108.902 28.749
202006 26.202 108.767 32.077
202009 24.790 109.815 30.059
202012 26.996 109.897 32.710
202103 27.447 111.754 32.704
202106 27.980 114.631 32.502
202109 27.783 115.734 31.965
202112 28.090 117.630 31.798
202203 27.360 121.301 30.034
202206 25.062 125.017 26.694
202209 24.311 125.227 25.851
202212 26.226 125.222 27.888
202303 26.818 127.348 28.041
202306 26.177 128.729 27.078
202309 25.310 129.860 25.953
202312 26.022 129.419 26.774
202403 26.981 131.776 27.264
202406 25.914 132.554 26.032
202409 28.246 133.029 28.273
202412 28.152 133.157 28.152

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 Life Assurance PCL  (BKK:BLA) 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 Life Assurance PCL Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Bangkok Life Assurance PCL's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bangkok Life Assurance PCL Business Description

Traded in Other Exchanges
Address
No. 1415, Krungthep - Nonthaburi Road, Wongsawang, Bangsue District, Bangkok, THA, 10800
Bangkok Life Assurance PCL is a Thai financial services group engaged in life insurance services. Its product portfolio contains life insurance, general insurance, mutual funds, home loans, and bancassurance products. The company serves both individuals and corporates. Life insurance offers the following services: tax planning, income protection, saving and investment, retirement plans, healthcare plans, and risk protection plans. The general insurance includes personal insurance and business all-risks insurance. The bancassurance products include credit protection insurance and retirement insurance. The mutual fund segment is quite diverse: equity fund, long-term equity fund, mixed fund, foreign investment fund, fixed-income fund, ETF, money market fund, and others.

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