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MK Restaurant Group PCL (BKK:M) Cyclically Adjusted PB Ratio : 1.89 (As of May. 26, 2024)


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What is MK Restaurant Group PCL Cyclically Adjusted PB Ratio?

As of today (2024-05-26), MK Restaurant Group PCL's current share price is ฿31.50. MK Restaurant Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿16.70. MK Restaurant Group PCL's Cyclically Adjusted PB Ratio for today is 1.89.

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

BKK:M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.89   Med: 3.4   Max: 4.08
Current: 1.89

During the past years, MK Restaurant Group PCL's highest Cyclically Adjusted PB Ratio was 4.08. The lowest was 1.89. And the median was 3.40.

BKK:M's Cyclically Adjusted PB Ratio is ranked better than
51.52% of 231 companies
in the Restaurants industry
Industry Median: 2.05 vs BKK:M: 1.89

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.

MK Restaurant Group PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿15.410. 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 ฿16.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MK Restaurant Group PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MK Restaurant Group 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.

MK Restaurant Group PCL Cyclically Adjusted PB Ratio Chart

MK Restaurant Group 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 - - 3.61 3.77 2.41

MK Restaurant Group 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 3.18 2.79 2.72 2.41 2.11

Competitive Comparison of MK Restaurant Group PCL's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, MK Restaurant Group 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.


MK Restaurant Group PCL's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MK Restaurant Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MK Restaurant Group 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.

MK Restaurant Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.50/16.7
=1.89

* 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.

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

For example, MK Restaurant Group 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)
=15.41/131.7762*131.7762
=15.410

Current CPI (Mar. 2024) = 131.7762.

MK Restaurant Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.405 100.560 17.566
201409 13.236 100.428 17.368
201412 6.990 99.070 9.298
201503 7.274 99.621 9.622
201506 7.085 100.684 9.273
201509 6.874 100.392 9.023
201512 14.279 99.792 18.855
201603 14.795 100.470 19.405
201606 14.498 101.688 18.788
201609 14.087 101.861 18.224
201612 14.622 101.863 18.916
201703 15.244 102.862 19.529
201706 14.901 103.349 19.000
201709 14.512 104.136 18.364
201712 15.017 104.011 19.026
201803 15.703 105.290 19.653
201806 15.218 106.317 18.862
201809 14.749 106.507 18.248
201812 15.394 105.998 19.138
201903 16.164 107.251 19.860
201906 15.612 108.070 19.037
201909 14.907 108.329 18.133
201912 15.536 108.420 18.883
202003 15.905 108.902 19.246
202006 14.333 108.767 17.365
202009 14.339 109.815 17.207
202012 14.685 109.897 17.609
202103 14.782 111.754 17.430
202106 14.174 114.631 16.294
202109 13.895 115.734 15.821
202112 14.328 117.630 16.051
202203 14.621 121.301 15.884
202206 14.299 125.017 15.072
202209 14.249 125.227 14.994
202212 14.598 125.222 15.362
202303 14.950 127.348 15.470
202306 14.537 128.729 14.881
202309 14.359 129.860 14.571
202312 15.033 129.419 15.307
202403 15.410 131.776 15.410

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.


MK Restaurant Group PCL  (BKK:M) 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.


MK Restaurant Group PCL Cyclically Adjusted PB Ratio Related Terms

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


MK Restaurant Group PCL (BKK:M) Business Description

Traded in Other Exchanges
N/A
Address
1200 Debaratna Road, Bangnatai, Bangna, Bangkok, THA, 10260
MK Restaurant Group PCL operates nearly 703 Suki, Thai, and Japanese restaurants in Thailand under brand names including MK, Siam, Yayoi, Miyazaki, and Hakata. The company also has a franchise agreement with Plenus-MK Limited for that company to operate franchised Sukiyaki restaurants in Japan. In addition to the restaurants, MK Restaurant Group has a smaller training service provider segment that provides management service and training to other companies. More than 90% of the company's revenue comes from Thailand.