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Grand Canal Land PCL (BKK:GLAND) Cyclically Adjusted PB Ratio : 0.40 (As of Jun. 03, 2025)


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What is Grand Canal Land PCL Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Grand Canal Land PCL's current share price is ฿0.98. Grand Canal Land PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿2.44. Grand Canal Land PCL's Cyclically Adjusted PB Ratio for today is 0.40.

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

BKK:GLAND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 1.2   Max: 2.49
Current: 0.4

During the past years, Grand Canal Land PCL's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.34. And the median was 1.20.

BKK:GLAND's Cyclically Adjusted PB Ratio is ranked better than
66.94% of 1343 companies
in the Real Estate industry
Industry Median: 0.69 vs BKK:GLAND: 0.40

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.

Grand Canal Land PCL's adjusted book value per share data for the three months ended in Mar. 2025 was ฿2.478. 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 ฿2.44 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grand Canal Land PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Grand Canal Land 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.

Grand Canal Land PCL Cyclically Adjusted PB Ratio Chart

Grand Canal Land 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 1.27 1.12 1.01 0.78 0.60

Grand Canal Land 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 0.71 0.64 0.66 0.60 0.41

Competitive Comparison of Grand Canal Land PCL's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Grand Canal Land 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.


Grand Canal Land PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grand Canal Land PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Grand Canal Land 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.

Grand Canal Land PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.98/2.44
=0.40

* 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.

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

For example, Grand Canal Land 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)
=2.478/134.9266*134.9266
=2.478

Current CPI (Mar. 2025) = 134.9266.

Grand Canal Land PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.745 100.684 2.338
201509 1.634 100.392 2.196
201512 1.823 99.792 2.465
201603 1.861 100.470 2.499
201606 1.686 101.688 2.237
201609 1.737 101.861 2.301
201612 1.807 101.863 2.394
201703 1.818 102.862 2.385
201706 1.777 103.349 2.320
201709 1.774 104.136 2.299
201712 1.882 104.011 2.441
201803 1.894 105.290 2.427
201806 1.890 106.317 2.399
201809 1.751 106.507 2.218
201812 1.782 105.998 2.268
201903 1.808 107.251 2.275
201906 1.831 108.070 2.286
201909 1.839 108.329 2.291
201912 1.975 108.420 2.458
202003 2.018 108.902 2.500
202006 2.049 108.767 2.542
202009 2.130 109.815 2.617
202012 2.139 109.897 2.626
202103 2.167 111.754 2.616
202106 2.190 114.631 2.578
202109 2.213 115.734 2.580
202112 2.232 117.630 2.560
202203 2.246 121.301 2.498
202206 2.279 125.017 2.460
202209 2.299 125.227 2.477
202212 2.346 125.222 2.528
202303 2.359 127.348 2.499
202306 2.372 128.729 2.486
202309 2.389 129.860 2.482
202312 2.415 129.419 2.518
202403 2.429 131.776 2.487
202406 2.418 132.554 2.461
202409 2.440 133.029 2.475
202412 2.461 133.157 2.494
202503 2.478 134.927 2.478

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.


Grand Canal Land PCL  (BKK:GLAND) 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.


Grand Canal Land PCL Cyclically Adjusted PB Ratio Related Terms

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


Grand Canal Land PCL Business Description

Traded in Other Exchanges
N/A
Address
161 Rama 9 Road, Huai Khwang Subdistrict, Huai Khwang District, Bangkok, THA, 10310
Grand Canal Land PCL is a Thailand based property development company. It operates in two business segments including the Real estate for sale business, and Real estate for rental and service business. Real estate for sale business, consists of land and house projects and residential condominium projects; Real estate for rental and service business, consists of an office building for rent project. The company generates maximum revenue from the Real estate for rental and service business segment.

Grand Canal Land PCL Headlines

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