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Tirathai PCL (BKK:TRT) Cyclically Adjusted PB Ratio : 1.24 (As of Jun. 01, 2024)


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What is Tirathai PCL Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Tirathai PCL's current share price is ฿5.15. Tirathai PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿4.15. Tirathai PCL's Cyclically Adjusted PB Ratio for today is 1.24.

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

BKK:TRT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.57   Max: 1.2
Current: 1.18

During the past years, Tirathai PCL's highest Cyclically Adjusted PB Ratio was 1.20. The lowest was 0.43. And the median was 0.57.

BKK:TRT's Cyclically Adjusted PB Ratio is ranked better than
68.2% of 2154 companies
in the Industrial Products industry
Industry Median: 1.88 vs BKK:TRT: 1.18

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.

Tirathai PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿4.032. 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 ฿4.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tirathai PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tirathai 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.

Tirathai PCL Cyclically Adjusted PB Ratio Chart

Tirathai 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 0.49 0.47 0.76 0.69 0.60

Tirathai 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 0.66 0.59 0.57 0.60 0.89

Competitive Comparison of Tirathai PCL's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Tirathai 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.


Tirathai PCL's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tirathai PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tirathai 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.15/4.15
=1.24

* 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.

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

For example, Tirathai 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)
=4.032/131.7762*131.7762
=4.032

Current CPI (Mar. 2024) = 131.7762.

Tirathai PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.599 100.560 4.716
201409 3.455 100.428 4.533
201412 3.810 99.070 5.068
201503 3.728 99.621 4.931
201506 3.387 100.684 4.433
201509 3.348 100.392 4.395
201512 3.534 99.792 4.667
201603 3.584 100.470 4.701
201606 3.619 101.688 4.690
201609 3.571 101.861 4.620
201612 3.683 101.863 4.765
201703 3.580 102.862 4.586
201706 3.280 103.349 4.182
201709 3.042 104.136 3.849
201712 3.392 104.011 4.297
201803 3.411 105.290 4.269
201806 3.394 106.317 4.207
201809 3.286 106.507 4.066
201812 3.341 105.998 4.154
201903 3.284 107.251 4.035
201906 3.225 108.070 3.932
201909 3.222 108.329 3.919
201912 3.594 108.420 4.368
202003 3.401 108.902 4.115
202006 3.228 108.767 3.911
202009 3.200 109.815 3.840
202012 3.517 109.897 4.217
202103 3.403 111.754 4.013
202106 3.492 114.631 4.014
202109 3.690 115.734 4.201
202112 3.718 117.630 4.165
202203 3.640 121.301 3.954
202206 3.355 125.017 3.536
202209 3.272 125.227 3.443
202212 3.299 125.222 3.472
202303 3.185 127.348 3.296
202306 3.103 128.729 3.176
202309 3.417 129.860 3.467
202312 3.720 129.419 3.788
202403 4.032 131.776 4.032

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.


Tirathai PCL  (BKK:TRT) 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.


Tirathai PCL Cyclically Adjusted PB Ratio Related Terms

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


Tirathai PCL (BKK:TRT) Business Description

Traded in Other Exchanges
N/A
Address
516/1 Moo 4, Sukhumvit Road, Bangpoo Industrial Estate, Amphoe Mueang, Samutprakarn, THA, 10280
Tirathai PCL is a Thailand-based company mainly involved in the business of manufacturing, repairing and maintenance service of transformer and sales of transformer equipment. In addition, it is also involved in general custom metalwork service. It offers Power transformers, Distribution transformers and Special transformer. The company's operations are located in Thailand and other countries, of which key revenue is derived from Thailand.

Tirathai PCL (BKK:TRT) Headlines