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Prime Securities (BOM:500337) Cyclically Adjusted Book per Share : ₹20.66 (As of Sep. 2024)


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What is Prime Securities 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.

Prime Securities's adjusted book value per share for the three months ended in Sep. 2024 was ₹56.194. 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 ₹20.66 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Prime Securities's average Cyclically Adjusted Book Growth Rate was -22.70% 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.

As of today (2024-10-31), Prime Securities's current stock price is ₹319.65. Prime Securities's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₹20.66. Prime Securities's Cyclically Adjusted PB Ratio of today is 15.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Prime Securities was 16.12. The lowest was 3.13. And the median was 6.33.


Prime Securities Cyclically Adjusted Book per Share Historical Data

The historical data trend for Prime Securities'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.

Prime Securities Cyclically Adjusted Book per Share Chart

Prime Securities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 35.05 20.70

Prime Securities Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 26.74 - 20.70 - 20.66

Competitive Comparison of Prime Securities's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Prime Securities'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.


Prime Securities's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prime Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Prime Securities's Cyclically Adjusted PB Ratio falls into.



Prime Securities 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, Prime Securities's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=56.194/157.1110*157.1110
=56.194

Current CPI (Sep. 2024) = 157.1110.

Prime Securities Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.232 91.042 0.400
201503 -5.515 97.163 -8.918
201506 0.000 99.841 0.000
201509 0.000 101.753 0.000
201512 0.000 102.901 0.000
201603 -12.978 102.518 -19.889
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 -1.629 105.196 -2.433
201706 0.000 107.109 0.000
201709 1.103 109.021 1.590
201712 0.000 109.404 0.000
201803 4.390 109.786 6.282
201806 0.000 111.317 0.000
201809 9.276 115.142 12.657
201812 0.000 115.142 0.000
201903 12.683 118.202 16.858
201906 0.000 120.880 0.000
201909 16.613 123.175 21.190
201912 0.000 126.235 0.000
202003 17.084 124.705 21.523
202006 0.000 127.000 0.000
202009 19.034 130.118 22.983
202012 0.000 130.889 0.000
202103 21.572 131.771 25.720
202106 0.000 134.084 0.000
202109 21.674 135.847 25.067
202112 0.000 138.161 0.000
202203 35.749 138.822 40.459
202206 0.000 142.347 0.000
202209 36.876 144.661 40.050
202212 0.000 145.763 0.000
202303 39.231 146.865 41.968
202306 0.000 150.280 0.000
202309 40.811 151.492 42.325
202312 0.000 152.924 0.000
202403 47.334 153.035 48.595
202406 0.000 155.789 0.000
202409 56.194 157.111 56.194

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


Prime Securities  (BOM:500337) 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.

Prime Securities's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=319.65/20.66
=15.47

* 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 Prime Securities was 16.12. The lowest was 3.13. And the median was 6.33.


Be Aware

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


Prime Securities Cyclically Adjusted Book per Share Related Terms

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


Prime Securities Business Description

Traded in Other Exchanges
Address
1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

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