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Cho Thavee PCL (BKK:CHO) Cyclically Adjusted PB Ratio : 0.03 (As of Jun. 09, 2024)


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What is Cho Thavee PCL Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Cho Thavee PCL's current share price is ฿0.08. Cho Thavee PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿2.65. Cho Thavee PCL's Cyclically Adjusted PB Ratio for today is 0.03.

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

BKK:CHO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.18   Max: 0.55
Current: 0.03

During the past years, Cho Thavee PCL's highest Cyclically Adjusted PB Ratio was 0.55. The lowest was 0.03. And the median was 0.18.

BKK:CHO's Cyclically Adjusted PB Ratio is ranked better than
98.82% of 170 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.69 vs BKK:CHO: 0.03

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.

Cho Thavee PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿0.387. 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 ฿2.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cho Thavee PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cho Thavee 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.

Cho Thavee PCL Cyclically Adjusted PB Ratio Chart

Cho Thavee 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 - - 0.32 0.42 0.16

Cho Thavee 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 0.46 0.18 0.24 0.16 0.05

Competitive Comparison of Cho Thavee PCL's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Cho Thavee 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.


Cho Thavee PCL's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cho Thavee 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.08/2.65
=0.03

* 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.

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

For example, Cho Thavee 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)
=0.387/131.7762*131.7762
=0.387

Current CPI (Mar. 2024) = 131.7762.

Cho Thavee PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.505 100.560 3.283
201409 2.730 100.428 3.582
201412 2.939 99.070 3.909
201503 2.892 99.621 3.825
201506 2.557 100.684 3.347
201509 2.658 100.392 3.489
201512 3.219 99.792 4.251
201603 2.511 100.470 3.293
201606 2.519 101.688 3.264
201609 2.348 101.861 3.038
201612 2.106 101.863 2.724
201703 1.883 102.862 2.412
201706 1.936 103.349 2.469
201709 1.982 104.136 2.508
201712 2.048 104.011 2.595
201803 2.193 105.290 2.745
201806 2.241 106.317 2.778
201809 2.344 106.507 2.900
201812 2.484 105.998 3.088
201903 2.607 107.251 3.203
201906 2.600 108.070 3.170
201909 2.644 108.329 3.216
201912 2.678 108.420 3.255
202003 3.079 108.902 3.726
202006 2.903 108.767 3.517
202009 2.794 109.815 3.353
202012 2.594 109.897 3.110
202103 2.427 111.754 2.862
202106 2.155 114.631 2.477
202109 2.089 115.734 2.379
202112 1.795 117.630 2.011
202203 1.839 121.301 1.998
202206 1.647 125.017 1.736
202209 1.440 125.227 1.515
202212 1.185 125.222 1.247
202303 1.059 127.348 1.096
202306 0.944 128.729 0.966
202309 0.793 129.860 0.805
202312 0.525 129.419 0.535
202403 0.387 131.776 0.387

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.


Cho Thavee PCL  (BKK:CHO) 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.


Cho Thavee PCL Cyclically Adjusted PB Ratio Related Terms

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


Cho Thavee PCL (BKK:CHO) Business Description

Traded in Other Exchanges
N/A
Address
265 Moo 4, Klang Muang Road, Tambol Muang Khao, Amphur Muang, Khon Kaen, THA, 40000
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.

Cho Thavee PCL (BKK:CHO) Headlines

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