GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SPCG PCL (BKK:SPCG) » Definitions » Cyclically Adjusted Book per Share

SPCG PCL (BKK:SPCG) Cyclically Adjusted Book per Share : ฿14.62 (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is SPCG 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.

SPCG PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿18.403. 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 ฿14.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SPCG PCL's average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.40% 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 SPCG PCL was 20.80% per year. The lowest was 19.30% per year. And the median was 20.25% per year.

As of today (2024-05-26), SPCG PCL's current stock price is ฿10.70. SPCG PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿14.62. SPCG PCL's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SPCG PCL was 5.16. The lowest was 0.73. And the median was 2.22.


SPCG PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for SPCG 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.

SPCG PCL Cyclically Adjusted Book per Share Chart

SPCG 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 6.95 8.26 10.32 12.25 14.01

SPCG 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 12.79 13.25 13.71 14.01 14.62

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

For the Utilities - Renewable subindustry, SPCG 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.


SPCG PCL's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SPCG PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SPCG 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, SPCG 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)
=18.403/131.7762*131.7762
=18.403

Current CPI (Mar. 2024) = 131.7762.

SPCG PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.924 100.560 5.142
201409 5.598 100.428 7.345
201412 6.262 99.070 8.329
201503 6.878 99.621 9.098
201506 7.155 100.684 9.365
201509 7.674 100.392 10.073
201512 7.760 99.792 10.247
201603 8.431 100.470 11.058
201606 8.232 101.688 10.668
201609 8.316 101.861 10.758
201612 8.977 101.863 11.613
201703 9.693 102.862 12.418
201706 9.619 103.349 12.265
201709 9.738 104.136 12.323
201712 10.514 104.011 13.321
201803 11.812 105.290 14.783
201806 11.825 106.317 14.657
201809 11.814 106.507 14.617
201812 12.563 105.998 15.618
201903 13.285 107.251 16.323
201906 13.315 108.070 16.236
201909 13.417 108.329 16.321
201912 14.186 108.420 17.242
202003 14.142 108.902 17.113
202006 14.823 108.767 17.959
202009 14.976 109.815 17.971
202012 15.628 109.897 18.739
202103 15.119 111.754 17.828
202106 15.072 114.631 17.326
202109 15.335 115.734 17.461
202112 15.904 117.630 17.817
202203 16.485 121.301 17.909
202206 16.459 125.017 17.349
202209 16.667 125.227 17.539
202212 17.302 125.222 18.208
202303 17.867 127.348 18.488
202306 17.780 128.729 18.201
202309 17.758 129.860 18.020
202312 18.125 129.419 18.455
202403 18.403 131.776 18.403

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


SPCG PCL  (BKK:SPCG) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.70/14.62
=0.73

* 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 SPCG PCL was 5.16. The lowest was 0.73. And the median was 2.22.


Be Aware

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


SPCG PCL Cyclically Adjusted Book per Share Related Terms

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


SPCG PCL (BKK:SPCG) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Capital Work Place Building, 10th Floor, Soi Jamjan, Klongton Nua, Sub-District, Wattana, Bangkok, THA, 10110
SPCG PCL is a holding company. The principal activities and reportable segments of the group are production and distribution of electricity from solar energy, trading and installation service of solar roof, manufacture, trading and installation service of roof sheets and distribution and providing service about inverter. Majority of revenue is generated from Production and distribution of electricity from solar energy.

SPCG PCL (BKK:SPCG) Headlines

No Headlines