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Thaire Life Assurance PCL (BKK:THREL-F) Cyclically Adjusted PB Ratio : 0.55 (As of Jul. 07, 2025)


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What is Thaire Life Assurance PCL Cyclically Adjusted PB Ratio?

As of today (2025-07-07), Thaire Life Assurance PCL's current share price is ฿4.10323. Thaire Life Assurance PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿7.50. Thaire Life Assurance PCL's Cyclically Adjusted PB Ratio for today is 0.55.

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

BKK:THREL-F' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.08   Max: 2.04
Current: 0.44

During the past years, Thaire Life Assurance PCL's highest Cyclically Adjusted PB Ratio was 2.04. The lowest was 0.42. And the median was 1.08.

BKK:THREL-F's Cyclically Adjusted PB Ratio is ranked better than
88.02% of 409 companies
in the Insurance industry
Industry Median: 1.27 vs BKK:THREL-F: 0.44

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.

Thaire Life Assurance PCL's adjusted book value per share data for the three months ended in Mar. 2025 was ฿0.753. 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 ฿7.50 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thaire Life Assurance PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thaire 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.

Thaire Life Assurance PCL Cyclically Adjusted PB Ratio Chart

Thaire 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 - 1.10 1.59 0.97 0.60

Thaire Life Assurance 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 0.81 0.66 0.69 0.60 0.55

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

For the Insurance - Reinsurance subindustry, Thaire 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.


Thaire Life Assurance PCL's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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


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Thaire 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.10323/7.50
=0.55

* 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.

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

For example, Thaire Life Assurance 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)
=0.753/134.9266*134.9266
=0.753

Current CPI (Mar. 2025) = 134.9266.

Thaire Life Assurance PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.033 100.684 2.724
201509 1.935 100.392 2.601
201512 2.068 99.792 2.796
201603 2.322 100.470 3.118
201606 2.191 101.688 2.907
201609 2.105 101.861 2.788
201612 2.118 101.863 2.805
201703 2.336 102.862 3.064
201706 2.325 103.349 3.035
201709 2.365 104.136 3.064
201712 2.489 104.011 3.229
201803 2.598 105.290 3.329
201806 2.401 106.317 3.047
201809 2.370 106.507 3.002
201812 2.321 105.998 2.954
201903 2.457 107.251 3.091
201906 2.442 108.070 3.049
201909 2.410 108.329 3.002
201912 2.353 108.420 2.928
202003 2.134 108.902 2.644
202006 2.142 108.767 2.657
202009 2.130 109.815 2.617
202012 2.297 109.897 2.820
202103 2.359 111.754 2.848
202106 2.280 114.631 2.684
202109 2.311 115.734 2.694
202112 2.369 117.630 2.717
202203 2.475 121.301 2.753
202206 2.343 125.017 2.529
202209 2.296 125.227 2.474
202212 2.333 125.222 2.514
202303 2.262 127.348 2.397
202306 2.203 128.729 2.309
202309 2.196 129.860 2.282
202312 2.206 129.419 2.300
202403 2.045 131.776 2.094
202406 1.953 132.554 1.988
202409 2.056 133.029 2.085
202412 2.003 133.157 2.030
202503 0.753 134.927 0.753

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.


Thaire Life Assurance PCL  (BKK:THREL-F) 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.


Thaire Life Assurance PCL Cyclically Adjusted PB Ratio Related Terms

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


Thaire Life Assurance PCL Business Description

Traded in Other Exchanges
Address
North Sathorn Road, No. 92/7 Sathorn Thani 2 Building, 6th Floor, Silom Sub-district, Bang Rak District, Bangkok, THA, 10500
Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance services such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refers to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.

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