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Pan Asia Footwear PCL (BKK:PAF) Cyclically Adjusted Book per Share : ฿0.91 (As of Mar. 2024)


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What is Pan Asia Footwear 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.

Pan Asia Footwear PCL's adjusted book value per share for the three months ended in Mar. 2024 was ฿1.141. 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 ฿0.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pan Asia Footwear PCL's average Cyclically Adjusted Book Growth Rate was 21.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Pan Asia Footwear PCL was 16.50% per year. The lowest was -2.20% per year. And the median was 5.20% per year.

As of today (2024-05-26), Pan Asia Footwear PCL's current stock price is ฿1.34. Pan Asia Footwear PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿0.91. Pan Asia Footwear PCL's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pan Asia Footwear PCL was 4.60. The lowest was 0.59. And the median was 1.52.


Pan Asia Footwear PCL Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pan Asia Footwear 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.

Pan Asia Footwear PCL Cyclically Adjusted Book per Share Chart

Pan Asia Footwear 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 0.61 0.55 0.57 0.71 0.87

Pan Asia Footwear 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 0.75 0.79 0.84 0.87 0.91

Competitive Comparison of Pan Asia Footwear PCL's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Pan Asia Footwear 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.


Pan Asia Footwear PCL's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pan Asia Footwear PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pan Asia Footwear 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, Pan Asia Footwear 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)
=1.141/131.7762*131.7762
=1.141

Current CPI (Mar. 2024) = 131.7762.

Pan Asia Footwear PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.070 100.560 0.092
201409 0.120 100.428 0.157
201412 0.103 99.070 0.137
201503 0.191 99.621 0.253
201506 0.194 100.684 0.254
201509 0.186 100.392 0.244
201512 0.404 99.792 0.533
201603 0.470 100.470 0.616
201606 0.478 101.688 0.619
201609 0.483 101.861 0.625
201612 0.840 101.863 1.087
201703 0.844 102.862 1.081
201706 0.811 103.349 1.034
201709 0.793 104.136 1.003
201712 0.732 104.011 0.927
201803 0.711 105.290 0.890
201806 0.707 106.317 0.876
201809 0.692 106.507 0.856
201812 0.825 105.998 1.026
201903 0.845 107.251 1.038
201906 0.804 108.070 0.980
201909 0.902 108.329 1.097
201912 0.893 108.420 1.085
202003 0.903 108.902 1.093
202006 0.875 108.767 1.060
202009 0.866 109.815 1.039
202012 1.104 109.897 1.324
202103 1.093 111.754 1.289
202106 1.076 114.631 1.237
202109 1.092 115.734 1.243
202112 1.086 117.630 1.217
202203 1.078 121.301 1.171
202206 1.063 125.017 1.120
202209 1.122 125.227 1.181
202212 1.109 125.222 1.167
202303 1.115 127.348 1.154
202306 1.115 128.729 1.141
202309 1.125 129.860 1.142
202312 1.122 129.419 1.142
202403 1.141 131.776 1.141

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


Pan Asia Footwear PCL  (BKK:PAF) 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.

Pan Asia Footwear PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.34/0.91
=1.47

* 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 Pan Asia Footwear PCL was 4.60. The lowest was 0.59. 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.


Pan Asia Footwear PCL Cyclically Adjusted Book per Share Related Terms

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


Pan Asia Footwear PCL (BKK:PAF) Business Description

Traded in Other Exchanges
N/A
Address
620/5 Moo 11, Tambol Nongkharm, Aumphur Siracha, Chonburi, THA, 20230
Pan Asia Footwear PCL is a Thailand-based company that operates in footwear and related accessories segments. The business activity of the group includes manufacturing, distribution, and exporting footwear products. Its segments are Manufacture and distribution of footwear and bag; Manufacture of soles and parts for footwear; Production support business; and Organic farming business and others. Geographically the activities of the group function through the region of Thailand. It derives a majority of the revenue from the manufacture and distribution of footwear and bag.

Pan Asia Footwear PCL (BKK:PAF) Headlines