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Ptt PCL (BKK:PTT) Cyclically Adjusted Book per Share : ฿36.61 (As of Mar. 2024)


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What is Ptt 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.

Ptt PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿41.218. 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 ฿36.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ptt PCL's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 Ptt PCL was 9.10% per year. The lowest was 6.90% per year. And the median was 8.20% per year.

As of today (2024-05-28), Ptt PCL's current stock price is ฿33.50. Ptt PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿36.61. Ptt PCL's Cyclically Adjusted PB Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ptt PCL was 2.52. The lowest was 0.88. And the median was 1.39.


Ptt PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ptt 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.

Ptt PCL Cyclically Adjusted Book per Share Chart

Ptt 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 26.07 27.55 30.70 33.73 35.75

Ptt 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 34.53 35.14 35.67 35.75 36.61

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

For the Oil & Gas Integrated subindustry, Ptt 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.


Ptt PCL's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Ptt 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, Ptt 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)
=41.218/131.7762*131.7762
=41.218

Current CPI (Mar. 2024) = 131.7762.

Ptt PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.113 100.560 32.909
201409 25.349 100.428 33.262
201412 23.922 99.070 31.820
201503 24.546 99.621 32.469
201506 25.343 100.684 33.169
201509 24.482 100.392 32.136
201512 24.407 99.792 32.230
201603 25.118 100.470 32.945
201606 25.556 101.688 33.118
201609 25.821 101.861 33.404
201612 26.711 101.863 34.555
201703 27.899 102.862 35.741
201706 27.846 103.349 35.505
201709 27.687 104.136 35.036
201712 28.637 104.011 36.281
201803 29.442 105.290 36.848
201806 29.920 106.317 37.085
201809 29.936 106.507 37.039
201812 30.610 105.998 38.054
201903 31.438 107.251 38.627
201906 30.561 108.070 37.265
201909 30.310 108.329 36.870
201912 30.760 108.420 37.386
202003 30.346 108.902 36.720
202006 30.205 108.767 36.595
202009 30.726 109.815 36.871
202012 30.881 109.897 37.029
202103 33.391 111.754 39.373
202106 33.940 114.631 39.016
202109 34.262 115.734 39.011
202112 35.245 117.630 39.484
202203 36.032 121.301 39.144
202206 37.608 125.017 39.641
202209 37.639 125.227 39.608
202212 36.852 125.222 38.781
202303 37.666 127.348 38.976
202306 38.417 128.729 39.326
202309 39.343 129.860 39.924
202312 39.254 129.419 39.969
202403 41.218 131.776 41.218

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


Ptt PCL  (BKK:PTT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.50/36.61
=0.92

* 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 Ptt PCL was 2.52. The lowest was 0.88. And the median was 1.39.


Be Aware

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


Ptt PCL Cyclically Adjusted Book per Share Related Terms

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


Ptt PCL (BKK:PTT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ptt PCL (BKK:PTT) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900
Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. Its operations are divided into six units: Coal, Petrochemical, International Trading, Oil, Gas, and Petroleum exploration and production. The International Trading and Petrochemicals businesses have historically produced the group's sales and service volume. International Trading encompasses several activities and is crucial to the company's ability to import and export crude oil, condensate, petroleum products, liquefied petroleum gas, petrochemical products, solvents and chemicals, and other products. PTT engages in Petrochemical operations through group companies that conduct business in fuel processing, production, and sales of upstream, intermediate, and downstream chemicals.

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