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Thai Wah Starch (BKK:TWS) Cyclically Adjusted PB Ratio : (As of Jun. 21, 2024)


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What is Thai Wah Starch Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Wah Starch Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thai Wah Starch'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.

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Thai Wah Starch Cyclically Adjusted PB Ratio Chart

Thai Wah Starch Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Thai Wah Starch Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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Competitive Comparison of Thai Wah Starch's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Thai Wah Starch'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 Wah Starch's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Wah Starch's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Thai Wah Starch 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 Wah Starch's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Thai Wah Starch's adjusted Book Value per Share data for the fiscal year that ended in Dec14 was:

Adj_Book=Book Value per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=29.26/99.0697*99.0697
=29.260

Current CPI (Dec14) = 99.0697.

Thai Wah Starch Annual Data

Book Value per Share CPI Adj_Book
200512 -23.512 83.032 -28.053
200612 -14.328 85.142 -16.672
200712 -19.792 88.616 -22.127
200812 -25.629 88.697 -28.626
200912 -15.235 91.111 -16.566
201012 0.685 92.474 0.734
201112 23.190 95.213 24.129
201212 25.914 96.871 26.502
201312 27.937 98.326 28.148
201412 29.260 99.070 29.260

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 Wah Starch  (BKK:TWS) 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 Wah Starch Cyclically Adjusted PB Ratio Related Terms

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Thai Wah Starch (BKK:TWS) Business Description

Traded in Other Exchanges
N/A
Address
Thai Wah Starch PLC was incorporated and domiciled in Thailand on 26 February 2014. It is engaged in the manufacture and distribution of agricultural products such as tapioca starch and related products in Thailand and Vietnam. Its products include tapioca starch, alpha starch, rice and glutinous flour, glucose, candy, tapioca pearl, tapioca chips and pellets, and sorbitol, which are used for consumption and for the paper industry, weaving industry and food industry.

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