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Airports Of Thailand (BKK:AOT) Cyclically Adjusted PB Ratio : 6.52 (As of May. 22, 2024)


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What is Airports Of Thailand Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Airports Of Thailand's current share price is ฿67.00. Airports Of Thailand's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿10.27. Airports Of Thailand's Cyclically Adjusted PB Ratio for today is 6.52.

The historical rank and industry rank for Airports Of Thailand's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:AOT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.76   Med: 7.42   Max: 10.47
Current: 6.52

During the past years, Airports Of Thailand's highest Cyclically Adjusted PB Ratio was 10.47. The lowest was 5.76. And the median was 7.42.

BKK:AOT's Cyclically Adjusted PB Ratio is ranked worse than
94.04% of 705 companies
in the Transportation industry
Industry Median: 1.25 vs BKK:AOT: 6.52

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.

Airports Of Thailand's adjusted book value per share data for the three months ended in Mar. 2024 was ฿8.089. 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 ฿10.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Airports Of Thailand Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Airports Of Thailand's Cyclically Adjusted PB Ratio 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.

Airports Of Thailand Cyclically Adjusted PB Ratio Chart

Airports Of Thailand Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.58 6.76 6.76 7.37 6.87

Airports Of Thailand Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 7.11 7.14 6.87 5.92 6.38

Competitive Comparison of Airports Of Thailand's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Airports Of Thailand'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.


Airports Of Thailand's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's Cyclically Adjusted PB Ratio falls into.



Airports Of Thailand Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Airports Of Thailand's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.00/10.27
=6.52

* 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.

Airports Of Thailand's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Airports Of Thailand'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)
=8.089/131.7762*131.7762
=8.089

Current CPI (Mar. 2024) = 131.7762.

Airports Of Thailand Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.663 100.560 8.731
201409 6.793 100.428 8.913
201412 7.058 99.070 9.388
201503 7.061 99.621 9.340
201506 7.193 100.684 9.414
201509 7.530 100.392 9.884
201512 7.933 99.792 10.476
201603 7.828 100.470 10.267
201606 8.187 101.688 10.609
201609 8.404 101.861 10.872
201612 8.847 101.863 11.445
201703 8.529 102.862 10.926
201706 8.920 103.349 11.374
201709 9.196 104.136 11.637
201712 9.629 104.011 12.199
201803 9.259 105.290 11.588
201806 9.701 106.317 12.024
201809 10.073 106.507 12.463
201812 10.517 105.998 13.075
201903 10.007 107.251 12.295
201906 10.418 108.070 12.703
201909 10.773 108.329 13.105
201912 11.281 108.420 13.711
202003 10.467 108.902 12.666
202006 10.270 108.767 12.443
202009 9.957 109.815 11.948
202012 8.949 109.897 10.731
202103 8.507 111.754 10.031
202106 8.223 114.631 9.453
202109 7.864 115.734 8.954
202112 7.559 117.630 8.468
202203 7.330 121.301 7.963
202206 7.180 125.017 7.568
202209 7.093 125.227 7.464
202212 7.116 125.222 7.488
202303 7.245 127.348 7.497
202306 7.467 128.729 7.644
202309 7.733 129.860 7.847
202312 8.045 129.419 8.192
202403 8.089 131.776 8.089

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


Airports Of Thailand  (BKK:AOT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Airports Of Thailand Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Airports Of Thailand's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Airports Of Thailand (BKK:AOT) Business Description

Address
No. 333, Cherdwutagard Road, Srikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. Revenue is generated primarily from two sources: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue primarily results from office and state property rents. Additionally, Airports of Thailand has invested in other companies to provide services and products related to its airports. Its investments are wide-ranging, including hotels, aviation fuel services, and catering services.

Airports Of Thailand (BKK:AOT) Headlines

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