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Minor International PCL (BKK:MINT) Cyclically Adjusted PB Ratio : 2.58 (As of May. 14, 2024)


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What is Minor International PCL Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Minor International PCL's current share price is ฿33.25. Minor International PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ฿12.87. Minor International PCL's Cyclically Adjusted PB Ratio for today is 2.58.

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

BKK:MINT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 3.18   Max: 8.27
Current: 2.56

During the past years, Minor International PCL's highest Cyclically Adjusted PB Ratio was 8.27. The lowest was 1.92. And the median was 3.18.

BKK:MINT's Cyclically Adjusted PB Ratio is ranked worse than
68.64% of 590 companies
in the Travel & Leisure industry
Industry Median: 1.375 vs BKK:MINT: 2.56

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.

Minor International PCL's adjusted book value per share data for the three months ended in Dec. 2023 was ฿13.695. 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 ฿12.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Minor International PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Minor International 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.

Minor International PCL Cyclically Adjusted PB Ratio Chart

Minor International 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 4.58 2.89 2.80 2.74 2.29

Minor International PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.74 2.65 2.75 2.45 2.29

Competitive Comparison of Minor International PCL's Cyclically Adjusted PB Ratio

For the Lodging subindustry, Minor International 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.


Minor International PCL's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Minor International 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.

Minor International PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.25/12.87
=2.58

* 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.

Minor International PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Minor International PCL's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=13.695/129.4194*129.4194
=13.695

Current CPI (Dec. 2023) = 129.4194.

Minor International PCL Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.984 99.695 7.768
201406 5.812 100.560 7.480
201409 5.915 100.428 7.623
201412 6.278 99.070 8.201
201503 6.395 99.621 8.308
201506 6.462 100.684 8.306
201509 6.600 100.392 8.508
201512 6.961 99.792 9.028
201603 8.152 100.470 10.501
201606 7.882 101.688 10.031
201609 8.112 101.861 10.307
201612 8.353 101.863 10.613
201703 8.687 102.862 10.930
201706 8.411 103.349 10.533
201709 8.659 104.136 10.761
201712 10.093 104.011 12.559
201803 10.279 105.290 12.635
201806 9.951 106.317 12.113
201809 12.994 106.507 15.789
201812 15.187 105.998 18.543
201903 15.159 107.251 18.292
201906 14.866 108.070 17.803
201909 15.497 108.329 18.514
201912 16.092 108.420 19.209
202003 14.922 108.902 17.733
202006 14.824 108.767 17.639
202009 14.087 109.815 16.602
202012 12.925 109.897 15.221
202103 11.653 111.754 13.495
202106 10.872 114.631 12.275
202109 10.378 115.734 11.605
202112 13.047 117.630 14.355
202203 12.355 121.301 13.182
202206 12.913 125.017 13.368
202209 13.713 125.227 14.172
202212 13.471 125.222 13.923
202303 15.178 127.348 15.425
202306 13.757 128.729 13.831
202309 13.804 129.860 13.757
202312 13.695 129.419 13.695

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.


Minor International PCL  (BKK:MINT) 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.


Minor International PCL Cyclically Adjusted PB Ratio Related Terms

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


Minor International PCL (BKK:MINT) Business Description

Traded in Other Exchanges
Address
Ratchadaphisek Road, 12th Floor, 88 The Parq Building, Klongtoey Subdistrict, Klongtoey District, Bangkok, THA, 10110
Minor International PCL operates hotels, restaurants, and several smaller businesses. The company operates in four segments: Hotel, with properties in Europe, Thailand, and Latin America; Restaurant, with locations primarily in Thailand, China, and Australia; Retail, which offers a wide range of high-end clothing and consumer products through stores and e-commerce in Thailand; and Mixed-Use. Most of its revenue comes from European hotels. A sizable portion of sales also comes from the restaurant segment in Thailand.

Minor International PCL (BKK:MINT) Headlines

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