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Central Pattana PCL (Central Pattana PCL) Cyclically Adjusted PB Ratio : 3.73 (As of Jun. 10, 2024)


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What is Central Pattana PCL Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Central Pattana PCL's current share price is $23.40. Central Pattana PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.27. Central Pattana PCL's Cyclically Adjusted PB Ratio for today is 3.73.

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

CPPBY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.41   Med: 4.79   Max: 11.52
Current: 3.41

During the past years, Central Pattana PCL's highest Cyclically Adjusted PB Ratio was 11.52. The lowest was 3.41. And the median was 4.79.

CPPBY's Cyclically Adjusted PB Ratio is ranked worse than
92.58% of 1389 companies
in the Real Estate industry
Industry Median: 0.71 vs CPPBY: 3.41

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.

Central Pattana PCL's adjusted book value per share data for the three months ended in Mar. 2024 was $5.988. 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 $6.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Central Pattana PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Central Pattana 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.

Central Pattana PCL Cyclically Adjusted PB Ratio Chart

Central Pattana 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 6.28 4.33 4.38 4.79 4.29

Central Pattana 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 4.48 4.16 3.92 4.29 3.74

Competitive Comparison of Central Pattana PCL's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Central Pattana 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.


Central Pattana PCL's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Central Pattana PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Central Pattana 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.40/6.27
=3.73

* 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.

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

For example, Central Pattana 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)
=5.988/131.7762*131.7762
=5.988

Current CPI (Mar. 2024) = 131.7762.

Central Pattana PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.556 100.560 3.349
201409 2.713 100.428 3.560
201412 2.779 99.070 3.696
201503 2.948 99.621 3.900
201506 2.792 100.684 3.654
201509 2.751 100.392 3.611
201512 2.844 99.792 3.756
201603 3.058 100.470 4.011
201606 3.000 101.688 3.888
201609 3.198 101.861 4.137
201612 3.241 101.863 4.193
201703 3.502 102.862 4.486
201706 3.512 103.349 4.478
201709 4.004 104.136 5.067
201712 4.222 104.011 5.349
201803 4.599 105.290 5.756
201806 4.206 106.317 5.213
201809 4.376 106.507 5.414
201812 4.477 105.998 5.566
201903 4.816 107.251 5.917
201906 4.707 108.070 5.740
201909 4.992 108.329 6.072
201912 5.322 108.420 6.468
202003 4.665 108.902 5.645
202006 4.591 108.767 5.562
202009 4.730 109.815 5.676
202012 5.115 109.897 6.133
202103 5.280 111.754 6.226
202106 5.064 114.631 5.821
202109 4.824 115.734 5.493
202112 4.872 117.630 5.458
202203 5.071 121.301 5.509
202206 4.858 125.017 5.121
202209 4.764 125.227 5.013
202212 5.241 125.222 5.515
202303 5.504 127.348 5.695
202306 5.343 128.729 5.469
202309 5.495 129.860 5.576
202312 5.877 129.419 5.984
202403 5.988 131.776 5.988

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.


Central Pattana PCL  (GREY:CPPBY) 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.


Central Pattana PCL Cyclically Adjusted PB Ratio Related Terms

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


Central Pattana PCL (Central Pattana PCL) Business Description

Traded in Other Exchanges
Address
999/9 Rama I Road, 31-33 Floor, The Offices at Central World, Patumwan District, Patumwan Sub-District, Bangkok, THA, 10330
Central Pattana PCL develops and manages large-scale shopping complexes, office buildings, and hotels. The company segment includes Development of shopping center buildings, office building and condominiums for rent including provision of utility services, operator of play land and water theme park in the shopping center buildings; Food center services in the shopping centers; Hotel business and Real estate business for sales of land and houses and condominium units.

Central Pattana PCL (Central Pattana PCL) Headlines

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