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Thai Oil PCL (BKK:TOP-F) Cyclically Adjusted PB Ratio : 0.40 (As of May. 04, 2025)


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What is Thai Oil PCL Cyclically Adjusted PB Ratio?

As of today (2025-05-04), Thai Oil PCL's current share price is ฿34.75. Thai Oil PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿85.97. Thai Oil PCL's Cyclically Adjusted PB Ratio for today is 0.40.

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

BKK:TOP-F' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.91   Max: 2.38
Current: 0.37

During the past years, Thai Oil PCL's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.33. And the median was 0.91.

BKK:TOP-F's Cyclically Adjusted PB Ratio is ranked better than
73.9% of 770 companies
in the Oil & Gas industry
Industry Median: 0.83 vs BKK:TOP-F: 0.37

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 Oil PCL's adjusted book value per share data for the three months ended in Dec. 2024 was ฿73.168. 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 ฿85.97 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Oil PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thai Oil 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 Oil PCL Cyclically Adjusted PB Ratio Chart

Thai Oil 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 0.98 0.86 0.90 0.81 0.40

Thai Oil 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 0.81 0.88 0.77 0.74 0.40

Competitive Comparison of Thai Oil PCL's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thai Oil PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.75/85.97
=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.

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

For example, Thai Oil 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)
=73.168/133.1571*133.1571
=73.168

Current CPI (Dec. 2024) = 133.1571.

Thai Oil PCL Quarterly Data

Book Value per Share CPI Adj_Book
201503 42.868 99.621 57.299
201506 45.320 100.684 59.937
201509 43.330 100.392 57.472
201512 45.062 99.792 60.128
201603 47.361 100.470 62.769
201606 49.357 101.688 64.631
201609 49.293 101.861 64.438
201612 52.129 101.863 68.144
201703 55.563 102.862 71.927
201706 54.169 103.349 69.792
201709 56.402 104.136 72.121
201712 59.625 104.011 76.333
201803 62.351 105.290 78.854
201806 61.023 106.317 76.429
201809 61.746 106.507 77.196
201812 59.376 105.998 74.590
201903 61.526 107.251 76.388
201906 59.103 108.070 72.823
201909 57.802 108.329 71.049
201912 58.527 108.420 71.880
202003 50.953 108.902 62.302
202006 52.177 108.767 63.877
202009 52.584 109.815 63.761
202012 56.700 109.897 68.701
202103 56.003 111.754 66.728
202106 56.489 114.631 65.618
202109 56.350 115.734 64.833
202112 58.969 117.630 66.753
202203 62.056 121.301 68.121
202206 72.276 125.017 76.982
202209 69.504 125.227 73.906
202212 69.850 125.222 74.276
202303 71.693 127.348 74.963
202306 68.569 128.729 70.928
202309 71.768 129.860 73.590
202312 74.118 129.419 76.259
202403 76.449 131.776 77.250
202406 74.937 132.554 75.278
202409 73.947 133.029 74.018
202412 73.168 133.157 73.168

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 Oil PCL  (BKK:TOP-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.


Thai Oil PCL Cyclically Adjusted PB Ratio Related Terms

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


Thai Oil PCL Business Description

Industry
Address
Vibhavadi Rangsit Road, 555/1 Energy Complex, 11th Floor, Building A, Chatuchak Subdistrict, Chatuchak District, Bangkok, THA, 10900
Thai Oil PCL operates an integrated business in oil refining and petrochemicals. Along with oil refinery and distributions, the company has also expanded into other related businesses including petrochemicals-aromatics and olefin chain, lube base oil, etc. In addition, there are also ethanol and supporting businesses such as pipeline transportation, ethanol, recruitment services for Thaioil and subsidiaries, as well as treasury center to enhance Thaioil and subsidiaries. Along with its subsidiaries, the company operates in the following reportable segments; Oil refinery, which derives key revenue, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. Geographically, it derives key revenue from Thailand, followed by Indonesia and other regions.

Thai Oil PCL Headlines

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