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Sermsuk PCL (BKK:SSC-R) Cyclically Adjusted Book per Share : ฿37.99 (As of Dec. 2023)


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What is Sermsuk 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.

Sermsuk PCL's adjusted book value per share for the three months ended in Dec. 2023 was ฿36.143. 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 ฿37.99 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sermsuk PCL's average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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 Sermsuk PCL was 3.40% per year. The lowest was 1.80% per year. And the median was 3.10% per year.

As of today (2024-04-27), Sermsuk PCL's current stock price is ฿33.25. Sermsuk PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ฿37.99. Sermsuk PCL's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sermsuk PCL was 1.28. The lowest was 0.72. And the median was 0.91.


Sermsuk PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sermsuk 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.

Sermsuk PCL Cyclically Adjusted Book per Share Chart

Sermsuk PCL Annual Data
Trend Dec14 Dec15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.73 36.15 36.64 40.01 38.46

Sermsuk PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 33.79 33.47 34.64 38.46 37.99

Competitive Comparison of Sermsuk PCL's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, Sermsuk 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.


Sermsuk PCL's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Sermsuk PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sermsuk 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, Sermsuk PCL's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=36.143/129.4194*129.4194
=36.143

Current CPI (Dec. 2023) = 129.4194.

Sermsuk PCL Quarterly Data

Book Value per Share CPI Adj_Book
201312 31.601 98.326 41.594
201403 31.153 99.695 40.442
201406 30.581 100.560 39.358
201409 29.769 100.428 38.363
201412 32.887 99.070 42.962
201503 32.224 99.621 41.863
201506 33.202 100.684 42.678
201509 32.562 100.392 41.977
201512 31.769 99.792 41.201
201603 31.530 100.470 40.615
201606 31.546 101.688 40.149
201609 33.601 101.861 42.692
201703 32.973 102.862 41.486
201706 32.606 103.349 40.831
201709 32.810 104.136 40.776
201712 32.468 104.011 40.399
201803 32.081 105.290 39.433
201806 31.789 106.317 38.697
201809 32.120 106.507 39.030
201812 31.727 105.998 38.737
201903 31.659 107.251 38.203
201906 31.456 108.070 37.670
201909 32.846 108.329 39.241
201912 33.134 108.420 39.552
202003 33.064 108.902 39.294
202006 33.087 108.767 39.369
202009 33.461 109.815 39.435
202012 33.876 109.897 39.894
202103 33.729 111.754 39.061
202106 33.854 114.631 38.221
202109 33.853 115.734 37.856
202112 33.977 117.630 37.382
202203 33.706 121.301 35.962
202206 33.849 125.017 35.041
202209 35.032 125.227 36.205
202212 35.178 125.222 36.357
202303 35.051 127.348 35.621
202306 35.295 128.729 35.484
202309 35.929 129.860 35.807
202312 36.143 129.419 36.143

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


Sermsuk PCL  (BKK:SSC-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.25/37.99
=0.88

* 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 Sermsuk PCL was 1.28. The lowest was 0.72. And the median was 0.91.


Be Aware

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


Sermsuk PCL Cyclically Adjusted Book per Share Related Terms

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


Sermsuk PCL (BKK:SSC-R) Business Description

Traded in Other Exchanges
Address
Ratchadapisek Road, 90 CW Tower, 31st - 32nd Floor, Huay Khwang District, Bangkok, THA, 10310
Sermsuk PCL is a Thailand-based refreshment beverage company. It is engaged in the production and distribution of soft drinks and other beverages. The company's operating segments include Carbonated soft drinks and Non-Carbonated soft drinks. The Carbonated soft drink segment produces and distributes soft drinks, sports drinks, and soda. It generates maximum revenue from the Non-Carbonated soft drink segment. The Non-Carbonated soft drink segment produces and distributes drinking water, energy drinks, and other beverages as well as a distributor of tea. Geographically, it operates only in Thailand.

Sermsuk PCL (BKK:SSC-R) Headlines

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