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The Erawan Group PCL (BKK:ERW) Cyclically Adjusted PB Ratio : 2.90 (As of May. 31, 2024)


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What is The Erawan Group PCL Cyclically Adjusted PB Ratio?

As of today (2024-05-31), The Erawan Group PCL's current share price is ฿4.50. The Erawan Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿1.55. The Erawan Group PCL's Cyclically Adjusted PB Ratio for today is 2.90.

The historical rank and industry rank for The Erawan Group PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:ERW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 2.91   Max: 4.63
Current: 2.89

During the past years, The Erawan Group PCL's highest Cyclically Adjusted PB Ratio was 4.63. The lowest was 1.10. And the median was 2.91.

BKK:ERW's Cyclically Adjusted PB Ratio is ranked worse than
72.85% of 604 companies
in the Travel & Leisure industry
Industry Median: 1.39 vs BKK:ERW: 2.89

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.

The Erawan Group PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿1.496. 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 ฿1.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Erawan Group PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Erawan Group PCL'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.

The Erawan Group PCL Cyclically Adjusted PB Ratio Chart

The Erawan Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 1.76 2.12 2.99 3.44

The Erawan Group 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 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 3.23 3.14 3.57 3.44 3.07

Competitive Comparison of The Erawan Group PCL's Cyclically Adjusted PB Ratio

For the Lodging subindustry, The Erawan Group 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.


The Erawan Group PCL's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Erawan Group PCL 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.

The Erawan Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.50/1.55
=2.90

* 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.

The Erawan Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, The Erawan Group 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)
=1.496/131.7762*131.7762
=1.496

Current CPI (Mar. 2024) = 131.7762.

The Erawan Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.188 100.560 1.557
201409 1.166 100.428 1.530
201412 1.172 99.070 1.559
201503 1.214 99.621 1.606
201506 1.183 100.684 1.548
201509 1.179 100.392 1.548
201512 1.200 99.792 1.585
201603 1.257 100.470 1.649
201606 1.234 101.688 1.599
201609 1.245 101.861 1.611
201612 1.264 101.863 1.635
201703 1.312 102.862 1.681
201706 1.285 103.349 1.638
201709 1.303 104.136 1.649
201712 1.344 104.011 1.703
201803 1.407 105.290 1.761
201806 1.360 106.317 1.686
201809 1.363 106.507 1.686
201812 1.423 105.998 1.769
201903 1.476 107.251 1.814
201906 1.415 108.070 1.725
201909 1.424 108.329 1.732
201912 1.469 108.420 1.785
202003 1.414 108.902 1.711
202006 1.246 108.767 1.510
202009 1.130 109.815 1.356
202012 0.972 109.897 1.166
202103 0.853 111.754 1.006
202106 1.521 114.631 1.748
202109 1.387 115.734 1.579
202112 1.327 117.630 1.487
202203 1.249 121.301 1.357
202206 1.226 125.017 1.292
202209 1.228 125.227 1.292
202212 1.258 125.222 1.324
202303 1.315 127.348 1.361
202306 1.356 128.729 1.388
202309 1.379 129.860 1.399
202312 1.397 129.419 1.422
202403 1.496 131.776 1.496

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.


The Erawan Group PCL  (BKK:ERW) 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.


The Erawan Group PCL Cyclically Adjusted PB Ratio Related Terms

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


The Erawan Group PCL (BKK:ERW) Business Description

Traded in Other Exchanges
N/A
Address
Ploenchit Center, 2 Sukhumvit Soi 2 Road, 6th Floor, Klong Toey Subdistrict, Klong Toey District, Bangkok, THA, 10110
The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants.

The Erawan Group PCL (BKK:ERW) Headlines

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