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Muangthai Capital PCL (BKK:MTC) Cyclically Adjusted PB Ratio : 5.15 (As of Jun. 09, 2024)


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What is Muangthai Capital PCL Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Muangthai Capital PCL's current share price is ฿44.00. Muangthai Capital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿8.55. Muangthai Capital PCL's Cyclically Adjusted PB Ratio for today is 5.15.

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

BKK:MTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.45   Med: 5.29   Max: 6.16
Current: 5.15

During the past years, Muangthai Capital PCL's highest Cyclically Adjusted PB Ratio was 6.16. The lowest was 4.45. And the median was 5.29.

BKK:MTC's Cyclically Adjusted PB Ratio is ranked worse than
90.14% of 365 companies
in the Credit Services industry
Industry Median: 0.94 vs BKK:MTC: 5.15

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.

Muangthai Capital PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿15.703. 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 ฿8.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Muangthai Capital PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Muangthai Capital 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.

Muangthai Capital PCL Cyclically Adjusted PB Ratio Chart

Muangthai Capital PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 5.67 5.48

Muangthai Capital 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 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 4.80 5.15 4.58 5.48 5.53

Competitive Comparison of Muangthai Capital PCL's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Muangthai Capital 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.


Muangthai Capital PCL's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Muangthai Capital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Muangthai Capital 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.

Muangthai Capital PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.00/8.55
=5.15

* 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.

Muangthai Capital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Muangthai Capital 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)
=15.703/131.7762*131.7762
=15.703

Current CPI (Mar. 2024) = 131.7762.

Muangthai Capital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.602 100.560 0.789
201409 0.000 100.428 0.000
201412 2.409 99.070 3.204
201503 2.494 99.621 3.299
201506 2.451 100.684 3.208
201509 2.554 100.392 3.352
201512 2.666 99.792 3.520
201603 2.798 100.470 3.670
201606 2.740 101.688 3.551
201609 2.929 101.861 3.789
201612 3.157 101.863 4.084
201703 3.410 102.862 4.369
201706 3.579 103.349 4.563
201709 3.886 104.136 4.917
201712 4.219 104.011 5.345
201803 4.613 105.290 5.773
201806 4.867 106.317 6.032
201809 5.324 106.507 6.587
201812 5.801 105.998 7.212
201903 6.277 107.251 7.712
201906 6.498 108.070 7.923
201909 7.008 108.329 8.525
201912 7.534 108.420 9.157
202003 8.179 108.902 9.897
202006 8.477 108.767 10.270
202009 9.110 109.815 10.932
202012 9.756 109.897 11.698
202103 10.405 111.754 12.269
202106 10.634 114.631 12.224
202109 11.201 115.734 12.754
202112 11.730 117.630 13.141
202203 12.379 121.301 13.448
202206 12.661 125.017 13.346
202209 13.214 125.227 13.905
202212 13.722 125.222 14.440
202303 14.218 127.348 14.712
202306 13.862 128.729 14.190
202309 14.454 129.860 14.667
202312 15.055 129.419 15.329
202403 15.703 131.776 15.703

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.


Muangthai Capital PCL  (BKK:MTC) 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.


Muangthai Capital PCL Cyclically Adjusted PB Ratio Related Terms

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


Muangthai Capital PCL (BKK:MTC) Business Description

Traded in Other Exchanges
Address
No. 332/1 Charansanitwong Road, Bangplad, Bangplad, Bangkok, THA, 10700
Muangthai Capital PCL primarily provides loans to consumers in Thailand. The company makes both unsecured personal loans as well as secured loans for specific items. Muangthai's secured loans are generally for cars, motorcycles, agricultural equipment, or land that then serve as collateral. Roughly 85% of the company's total revenue is from interest and fees on the loans, and nearly all the company's revenue is attributable to loans. A very small portion of revenue comes from the company's insurance brokerage business. Muangthai operates exclusively in Thailand.