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WHA PCL (BKK:WHA-R) Cyclically Adjusted PB Ratio : 2.40 (As of Sep. 26, 2024)


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What is WHA PCL Cyclically Adjusted PB Ratio?

As of today (2024-09-26), WHA PCL's current share price is ฿4.86299. WHA PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was ฿2.03. WHA PCL's Cyclically Adjusted PB Ratio for today is 2.40.

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

BKK:WHA-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.9   Med: 2.55   Max: 3.09
Current: 2.77

During the past years, WHA PCL's highest Cyclically Adjusted PB Ratio was 3.09. The lowest was 1.90. And the median was 2.55.

BKK:WHA-R's Cyclically Adjusted PB Ratio is ranked worse than
90.5% of 1305 companies
in the Real Estate industry
Industry Median: 0.65 vs BKK:WHA-R: 2.77

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.

WHA PCL's adjusted book value per share data for the three months ended in Jun. 2024 was ฿2.230. 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 ฿2.03 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


WHA PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for WHA 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.

WHA PCL Cyclically Adjusted PB Ratio Chart

WHA 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 - 2.57 2.57 2.48 2.82

WHA PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.58 2.85 2.82 2.43 2.40

Competitive Comparison of WHA PCL's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, WHA 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.


WHA PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, WHA PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



WHA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.86299/2.03
=2.40

* 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.

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

For example, WHA PCL's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.23/132.5538*132.5538
=2.230

Current CPI (Jun. 2024) = 132.5538.

WHA PCL Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.306 100.428 0.404
201412 0.382 99.070 0.511
201503 0.929 99.621 1.236
201506 0.953 100.684 1.255
201509 0.932 100.392 1.231
201512 1.303 99.792 1.731
201603 1.322 100.470 1.744
201606 1.336 101.688 1.742
201609 1.338 101.861 1.741
201612 1.496 101.863 1.947
201703 1.500 102.862 1.933
201706 1.424 103.349 1.826
201709 1.470 104.136 1.871
201712 1.763 104.011 2.247
201803 1.822 105.290 2.294
201806 1.749 106.317 2.181
201809 1.787 106.507 2.224
201812 1.899 105.998 2.375
201903 1.866 107.251 2.306
201906 1.932 108.070 2.370
201909 2.044 108.329 2.501
201912 2.004 108.420 2.450
202003 1.886 108.902 2.296
202006 1.918 108.767 2.337
202009 1.890 109.815 2.281
202012 1.927 109.897 2.324
202103 1.963 111.754 2.328
202106 1.924 114.631 2.225
202109 1.932 115.734 2.213
202112 2.047 117.630 2.307
202203 2.066 121.301 2.258
202206 1.991 125.017 2.111
202209 2.016 125.227 2.134
202212 2.144 125.222 2.270
202303 2.193 127.348 2.283
202306 2.135 128.729 2.198
202309 2.161 129.860 2.206
202312 2.240 129.419 2.294
202403 2.310 131.776 2.324
202406 2.230 132.554 2.230

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.


WHA PCL  (BKK:WHA-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.


WHA PCL Cyclically Adjusted PB Ratio Related Terms

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


WHA PCL Business Description

Industry
Traded in Other Exchanges
Address
Moo 13, Debaratna Road (Bangna-Trad) KM.7, 777 WHA TOWER, 23rd - 25th Floor, Bang Kaeo, Bang Phli, Samut Prakarn, THA, 10540
WHA Corp PCL is engaged in providing rent and sale of lands, buildings, factories, warehouses, and other properties; developing and managing properties in industrial estates and industrial zones; providing public utilities, facilities, and other related services; and providing digital services, data center, Internet connection, and other IT services. The company operates in four segments Domestically: Real Estate, Power, Water, and Others; and three segments Internationally: Real Estate, Water, and Others. It generates the majority of its revenue from the Real Estate segment in the form of Leases & Services and Sales. Geographically, it operates in the domestic market and overseas market.

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