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TISCO Financial Group PCL (BKK:TISCO) Cyclically Adjusted PB Ratio : 1.87 (As of May. 22, 2024)


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What is TISCO Financial Group PCL Cyclically Adjusted PB Ratio?

As of today (2024-05-22), TISCO Financial Group PCL's current share price is ฿98.25. TISCO Financial Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿52.68. TISCO Financial Group PCL's Cyclically Adjusted PB Ratio for today is 1.87.

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

BKK:TISCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.28   Max: 3.34
Current: 1.86

During the past years, TISCO Financial Group PCL's highest Cyclically Adjusted PB Ratio was 3.34. The lowest was 1.70. And the median was 2.28.

BKK:TISCO's Cyclically Adjusted PB Ratio is ranked worse than
86.58% of 1192 companies
in the Banks industry
Industry Median: 0.93 vs BKK:TISCO: 1.86

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.

TISCO Financial Group PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿55.211. 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 ฿52.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TISCO Financial Group PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TISCO Financial 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.

TISCO Financial Group PCL Cyclically Adjusted PB Ratio Chart

TISCO Financial 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 2.89 2.36 2.24 2.07 1.94

TISCO Financial 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 2.04 1.93 1.93 1.94 1.89

Competitive Comparison of TISCO Financial Group PCL's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, TISCO Financial 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.


TISCO Financial Group PCL's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, TISCO Financial Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TISCO Financial 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.

TISCO Financial Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=98.25/52.68
=1.87

* 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.

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

For example, TISCO Financial 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)
=55.211/131.7762*131.7762
=55.211

Current CPI (Mar. 2024) = 131.7762.

TISCO Financial Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 29.193 100.560 38.255
201409 30.760 100.428 40.362
201412 32.137 99.070 42.747
201503 33.589 99.621 44.431
201506 32.876 100.684 43.028
201509 33.547 100.392 44.035
201512 35.090 99.792 46.336
201603 36.713 100.470 48.152
201606 35.749 101.688 46.327
201609 37.353 101.861 48.323
201612 38.999 101.863 50.452
201703 40.959 102.862 52.472
201706 39.243 103.349 50.037
201709 41.266 104.136 52.219
201712 43.220 104.011 54.757
201803 45.398 105.290 56.818
201806 42.377 106.317 52.525
201809 44.684 106.507 55.286
201812 47.082 105.998 58.532
201903 49.328 107.251 60.608
201906 44.402 108.070 54.142
201909 46.700 108.329 56.808
201912 48.951 108.420 59.496
202003 51.372 108.902 62.163
202006 45.267 108.767 54.843
202009 47.263 109.815 56.715
202012 49.283 109.897 59.095
202103 51.480 111.754 60.703
202106 47.277 114.631 54.348
202109 49.218 115.734 56.040
202112 51.454 117.630 57.642
202203 53.700 121.301 58.337
202206 49.019 125.017 51.669
202209 51.235 125.227 53.915
202212 53.440 125.222 56.237
202303 55.699 127.348 57.636
202306 50.221 128.729 51.410
202309 50.554 129.860 51.300
202312 53.013 129.419 53.978
202403 55.211 131.776 55.211

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.


TISCO Financial Group PCL  (BKK:TISCO) 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.


TISCO Financial Group PCL Cyclically Adjusted PB Ratio Related Terms

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


TISCO Financial Group PCL (BKK:TISCO) Business Description

Traded in Other Exchanges
Address
No. 48/49, North Sathorn Road, TISCO Tower, 21st Floor, Silom Sub-district, Bangrak District, Bangkok, THA, 10500
TISCO Financial Group PCL is a bank that provides commercial banking products and services. The company is headquartered in Thailand and generates revenue domestically. The bank separates itself into four segments: commercial banking and lending business, securities business, asset management, and support business. Of these, commercial banking provides the largest percentage of revenue. Services include deposits, accounts, car and home loans, investment services, insurance, business finance, capital markets, mergers and acquisitions, and debt restructuring.

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