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Royal Orchid Hotel (Thailand) PCL (BKK:ROH) Cyclically Adjusted Book per Share : ฿1.56 (As of Mar. 2024)


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What is Royal Orchid Hotel (Thailand) 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.

Royal Orchid Hotel (Thailand) PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿2.861. 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 ฿1.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Royal Orchid Hotel (Thailand) PCL's average Cyclically Adjusted Book Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Royal Orchid Hotel (Thailand) PCL was 15.00% per year. The lowest was 1.70% per year. And the median was 4.80% per year.

As of today (2024-05-28), Royal Orchid Hotel (Thailand) PCL's current stock price is ฿2.56. Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿1.56. Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted PB Ratio of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Royal Orchid Hotel (Thailand) PCL was 6.79. The lowest was 1.56. And the median was 3.35.


Royal Orchid Hotel (Thailand) PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Royal Orchid Hotel (Thailand) 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.

Royal Orchid Hotel (Thailand) PCL Cyclically Adjusted Book per Share Chart

Royal Orchid Hotel (Thailand) 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 1.03 0.98 1.04 1.29 1.49

Royal Orchid Hotel (Thailand) 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 1.35 1.40 1.45 1.49 1.56

Competitive Comparison of Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted Book per Share

For the Lodging subindustry, Royal Orchid Hotel (Thailand) 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.


Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted PB Ratio falls into.



Royal Orchid Hotel (Thailand) 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, Royal Orchid Hotel (Thailand) 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)
=2.861/131.7762*131.7762
=2.861

Current CPI (Mar. 2024) = 131.7762.

Royal Orchid Hotel (Thailand) PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.834 100.560 1.093
201409 0.762 100.428 1.000
201412 0.716 99.070 0.952
201503 0.763 99.621 1.009
201506 0.772 100.684 1.010
201509 0.782 100.392 1.026
201512 0.805 99.792 1.063
201603 0.858 100.470 1.125
201606 0.865 101.688 1.121
201609 0.879 101.861 1.137
201612 0.919 101.863 1.189
201703 0.974 102.862 1.248
201706 0.895 103.349 1.141
201709 0.914 104.136 1.157
201712 0.963 104.011 1.220
201803 0.901 105.290 1.128
201806 0.919 106.317 1.139
201809 0.945 106.507 1.169
201812 0.996 105.998 1.238
201903 1.052 107.251 1.293
201906 0.922 108.070 1.124
201909 0.958 108.329 1.165
201912 1.018 108.420 1.237
202003 1.026 108.902 1.242
202006 0.812 108.767 0.984
202009 0.755 109.815 0.906
202012 0.707 109.897 0.848
202103 0.656 111.754 0.774
202106 0.588 114.631 0.676
202109 0.530 115.734 0.603
202112 3.019 117.630 3.382
202203 2.970 121.301 3.226
202206 2.933 125.017 3.092
202209 2.915 125.227 3.067
202212 2.874 125.222 3.024
202303 2.870 127.348 2.970
202306 2.842 128.729 2.909
202309 2.821 129.860 2.863
202312 2.840 129.419 2.892
202403 2.861 131.776 2.861

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


Royal Orchid Hotel (Thailand) PCL  (BKK:ROH) 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.

Royal Orchid Hotel (Thailand) PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.56/1.56
=1.64

* 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 Royal Orchid Hotel (Thailand) PCL was 6.79. The lowest was 1.56. And the median was 3.35.


Be Aware

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


Royal Orchid Hotel (Thailand) PCL Cyclically Adjusted Book per Share Related Terms

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


Royal Orchid Hotel (Thailand) PCL (BKK:ROH) Business Description

Traded in Other Exchanges
N/A
Address
2 Captain Bush Lane, Charoen Krung Road, Kwaeng Bangrak, Khet Bangrak, Bangkok, THA, 10500
Royal Orchid Hotel (Thailand) PCL is a Thailand-based company engaged in hotel operations. The company owns Royal Orchid Sheraton Hotel and Towers in Bangkok, which is operated by Sheraton Overseas Management Corporation. It offers rooms, food and beverage, and other ancillary services. The hotel provides accommodations, conference facilities, and leisure facilities including two swimming pools, spas, tennis courts, garden areas, and restaurants, which offer a range of Thai, Asian, Italian, and Continental cuisines. The group carries out its business operations in Thailand.

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