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Charoen Pokphand Foods PCL (BKK:CPF) Cyclically Adjusted Book per Share : ฿26.57 (As of Mar. 2024)


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What is Charoen Pokphand Foods PCL Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Charoen Pokphand Foods PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿32.081. 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 ฿26.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Charoen Pokphand Foods PCL's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Charoen Pokphand Foods PCL was 12.90% per year. The lowest was 9.60% per year. And the median was 11.65% per year.

As of today (2024-05-27), Charoen Pokphand Foods PCL's current stock price is ฿23.20. Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿26.57. Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charoen Pokphand Foods PCL was 1.98. The lowest was 0.68. And the median was 1.52.


Charoen Pokphand Foods PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share 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.

Charoen Pokphand Foods PCL Cyclically Adjusted Book per Share Chart

Charoen Pokphand Foods PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.46 18.10 20.99 23.68 25.78

Charoen Pokphand Foods 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 Book per Share 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 24.43 25.02 25.56 25.78 26.57

Competitive Comparison of Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share

For the Farm Products subindustry, Charoen Pokphand Foods 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.


Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Charoen Pokphand Foods PCL Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Charoen Pokphand Foods 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)
=32.081/131.7762*131.7762
=32.081

Current CPI (Mar. 2024) = 131.7762.

Charoen Pokphand Foods PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.610 100.560 19.145
201409 15.954 100.428 20.934
201412 15.909 99.070 21.161
201503 15.810 99.621 20.913
201506 15.927 100.684 20.845
201509 16.238 100.392 21.314
201512 15.750 99.792 20.798
201603 16.420 100.470 21.536
201606 16.587 101.688 21.495
201609 16.607 101.861 21.484
201612 18.097 101.863 23.411
201703 20.200 102.862 25.878
201706 19.974 103.349 25.468
201709 21.073 104.136 26.666
201712 21.761 104.011 27.570
201803 20.451 105.290 25.596
201806 20.867 106.317 25.864
201809 20.213 106.507 25.009
201812 20.224 105.998 25.142
201903 20.611 107.251 25.324
201906 20.382 108.070 24.853
201909 20.404 108.329 24.820
201912 20.559 108.420 24.988
202003 23.239 108.902 28.120
202006 22.738 108.767 27.548
202009 23.638 109.815 28.365
202012 24.029 109.897 28.813
202103 25.535 111.754 30.110
202106 26.271 114.631 30.200
202109 26.273 115.734 29.915
202112 27.228 117.630 30.503
202203 27.470 121.301 29.842
202206 31.586 125.017 33.294
202209 32.295 125.227 33.984
202212 32.262 125.222 33.951
202303 31.245 127.348 32.332
202306 30.710 128.729 31.437
202309 30.348 129.860 30.796
202312 30.918 129.419 31.481
202403 32.081 131.776 32.081

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


Charoen Pokphand Foods PCL  (BKK:CPF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.20/26.57
=0.87

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charoen Pokphand Foods PCL was 1.98. The lowest was 0.68. And the median was 1.52.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Charoen Pokphand Foods PCL Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Charoen Pokphand Foods PCL (BKK:CPF) Business Description

Traded in Other Exchanges
Address
Silom Road, 313 C.P. Tower, Silom, Bangrak, Bangkok, THA, 10500
Charoen Pokphand Foods PCL operates in agro-industrial and integrated food businesses. The group's business operations are located throughout Thailand and overseas. The businesses are divided into two main segments namely the livestock business which comprises chicken, duck and pigs and the aquaculture business comprises shrimp and fish. The two main businesses are vertically integrated, starting from sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, primary processing meat, producing ready-to-eat food products, and including operating food retail outlets and restaurants.