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AIRA Factoring PCL (BKK:AF-R) Cyclically Adjusted Book per Share : ฿0.59 (As of Mar. 2024)


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What is AIRA Factoring PCL Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

AIRA Factoring PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿0.341. 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 ฿0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AIRA Factoring PCL's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of AIRA Factoring PCL was 5.90% per year. The lowest was 4.40% per year. And the median was 5.40% per year.

As of today (2024-06-05), AIRA Factoring PCL's current stock price is ฿1.17. AIRA Factoring PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿0.59. AIRA Factoring PCL's Cyclically Adjusted PB Ratio of today is 1.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AIRA Factoring PCL was 3.91. The lowest was 1.52. And the median was 2.38.


AIRA Factoring PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for AIRA Factoring PCL's Cyclically Adjusted Book per Share 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.

AIRA Factoring PCL Cyclically Adjusted Book per Share Chart

AIRA Factoring PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.30 0.36 0.37 0.59

AIRA Factoring PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 0.38 0.38 0.38 0.59 0.59

Competitive Comparison of AIRA Factoring PCL's Cyclically Adjusted Book per Share

For the Credit Services subindustry, AIRA Factoring 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.


AIRA Factoring PCL's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AIRA Factoring PCL Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.341/131.7762*131.7762
=0.341

Current CPI (Mar. 2024) = 131.7762.

AIRA Factoring PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.252 100.560 0.330
201409 0.258 100.428 0.339
201412 0.277 99.070 0.368
201503 0.275 99.621 0.364
201506 0.246 100.684 0.322
201509 0.351 100.392 0.461
201512 0.357 99.792 0.471
201603 0.365 100.470 0.479
201606 0.363 101.688 0.470
201609 0.341 101.861 0.441
201612 0.337 101.863 0.436
201703 0.342 102.862 0.438
201706 0.333 103.349 0.425
201709 0.342 104.136 0.433
201712 0.341 104.011 0.432
201803 0.356 105.290 0.446
201806 0.340 106.317 0.421
201809 0.351 106.507 0.434
201812 0.329 105.998 0.409
201903 0.329 107.251 0.404
201906 0.340 108.070 0.415
201909 0.347 108.329 0.422
201912 0.330 108.420 0.401
202003 0.328 108.902 0.397
202006 0.334 108.767 0.405
202009 0.338 109.815 0.406
202012 0.326 109.897 0.391
202103 0.334 111.754 0.394
202106 0.342 114.631 0.393
202109 0.348 115.734 0.396
202112 0.332 117.630 0.372
202203 0.341 121.301 0.370
202206 0.347 125.017 0.366
202209 0.356 125.227 0.375
202212 0.329 125.222 0.346
202303 0.336 127.348 0.348
202306 0.343 128.729 0.351
202309 0.337 129.860 0.342
202312 0.333 129.419 0.339
202403 0.341 131.776 0.341

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


AIRA Factoring PCL  (BKK:AF-R) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

AIRA Factoring PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.17/0.59
=1.98

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AIRA Factoring PCL was 3.91. The lowest was 1.52. And the median was 2.38.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


AIRA Factoring PCL Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of AIRA Factoring PCL's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


AIRA Factoring PCL (BKK:AF-R) Business Description

Traded in Other Exchanges
Address
Phayathai Road, No. 319 Chamchuri Square, 17th Floor, Pathumwan Disrict, Bangkok, THA, 10330
AIRA Factoring PCL is a Thailand-based company engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's right or factoring service. In exchange for these services, the company finances the short-term cash flow. The company's clients vary from small to middle businesses that need short-term cash to fund their working capital. Its diversified portfolio of industries includes electronic equipment and parts, telecommunication, consumer products, and the health and beauty industry.

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