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Thai Optical Group PCL (BKK:TOG-R) Cyclically Adjusted PB Ratio : 1.52 (As of Jul. 09, 2025)


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What is Thai Optical Group PCL Cyclically Adjusted PB Ratio?

As of today (2025-07-09), Thai Optical Group PCL's current share price is ฿7.39323. Thai Optical Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿4.88. Thai Optical Group PCL's Cyclically Adjusted PB Ratio for today is 1.52.

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

BKK:TOG-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.81   Max: 2.85
Current: 1.59

During the past years, Thai Optical Group PCL's highest Cyclically Adjusted PB Ratio was 2.85. The lowest was 0.79. And the median was 1.81.

BKK:TOG-R's Cyclically Adjusted PB Ratio is ranked better than
57.83% of 498 companies
in the Medical Devices & Instruments industry
Industry Median: 1.905 vs BKK:TOG-R: 1.59

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.

Thai Optical Group PCL's adjusted book value per share data for the three months ended in Mar. 2025 was ฿5.138. 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 ฿4.88 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Optical Group PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thai Optical Group 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.

Thai Optical Group PCL Cyclically Adjusted PB Ratio Chart

Thai Optical Group 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 0.92 2.47 2.14 2.54 2.05

Thai Optical Group 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 2.51 2.08 2.13 2.05 1.84

Competitive Comparison of Thai Optical Group PCL's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, Thai Optical Group 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.


Thai Optical Group PCL's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Thai Optical Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Thai Optical Group PCL's Cyclically Adjusted PB Ratio falls into.


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Thai Optical Group 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.

Thai Optical Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.39323/4.88
=1.52

* 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.

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

For example, Thai Optical Group 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)
=5.138/134.9266*134.9266
=5.138

Current CPI (Mar. 2025) = 134.9266.

Thai Optical Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.570 100.684 4.784
201509 3.679 100.392 4.945
201512 3.794 99.792 5.130
201603 3.953 100.470 5.309
201606 3.722 101.688 4.939
201609 3.730 101.861 4.941
201612 3.913 101.863 5.183
201703 4.012 102.862 5.263
201706 3.751 103.349 4.897
201709 3.772 104.136 4.887
201712 3.897 104.011 5.055
201803 3.934 105.290 5.041
201806 3.723 106.317 4.725
201809 3.691 106.507 4.676
201812 3.874 105.998 4.931
201903 4.044 107.251 5.088
201906 3.855 108.070 4.813
201909 3.807 108.329 4.742
201912 3.811 108.420 4.743
202003 3.743 108.902 4.637
202006 3.630 108.767 4.503
202009 3.675 109.815 4.515
202012 3.809 109.897 4.677
202103 4.005 111.754 4.835
202106 4.068 114.631 4.788
202109 3.966 115.734 4.624
202112 4.126 117.630 4.733
202203 4.289 121.301 4.771
202206 4.168 125.017 4.498
202209 4.260 125.227 4.590
202212 4.459 125.222 4.805
202303 4.696 127.348 4.975
202306 4.514 128.729 4.731
202309 4.536 129.860 4.713
202312 4.718 129.419 4.919
202403 4.945 131.776 5.063
202406 4.746 132.554 4.831
202409 4.693 133.029 4.760
202412 4.931 133.157 4.997
202503 5.138 134.927 5.138

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.


Thai Optical Group PCL  (BKK:TOG-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.


Thai Optical Group PCL Cyclically Adjusted PB Ratio Related Terms

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


Thai Optical Group PCL Business Description

Traded in Other Exchanges
Address
6 Bangbuathong-Suphanburi Road, 15/5 Moo, Laharn Sub-district, Bangbuathong, Nonthaburi, THA, 11110
Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produce and sell optical lenses; Other products and services which are the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment. The company also operates in Europe, Australia, Asia and Pacific, America, Africa and Middle East. Majority of revenue is from America.

Thai Optical Group PCL Headlines

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