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Ghandhara Industries (KAR:GHNI) Cyclically Adjusted Book per Share : ₨129.82 (As of Mar. 2024)


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What is Ghandhara Industries 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.

Ghandhara Industries's adjusted book value per share for the three months ended in Mar. 2024 was ₨200.076. 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 ₨129.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ghandhara Industries's average Cyclically Adjusted Book Growth Rate was 11.30% 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 (2024-06-07), Ghandhara Industries's current stock price is ₨263.59. Ghandhara Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨129.82. Ghandhara Industries's Cyclically Adjusted PB Ratio of today is 2.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ghandhara Industries was 2.23. The lowest was 0.60. And the median was 1.06.


Ghandhara Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ghandhara Industries'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.

Ghandhara Industries Cyclically Adjusted Book per Share Chart

Ghandhara Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 121.48

Ghandhara Industries 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 116.66 121.48 124.44 125.73 129.82

Competitive Comparison of Ghandhara Industries's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Ghandhara Industries'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.


Ghandhara Industries's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ghandhara Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ghandhara Industries 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, Ghandhara Industries'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)
=200.076/131.7762*131.7762
=200.076

Current CPI (Mar. 2024) = 131.7762.

Ghandhara Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 47.413 100.560 62.131
201409 47.990 100.428 62.970
201412 48.296 99.070 64.240
201503 48.984 99.621 64.795
201506 52.792 100.684 69.095
201509 55.752 100.392 73.181
201512 58.440 99.792 77.170
201603 62.370 100.470 81.804
201606 72.956 101.688 94.543
201609 77.171 101.861 99.835
201612 77.978 101.863 100.877
201703 82.688 102.862 105.931
201706 86.606 103.349 110.428
201709 89.851 104.136 113.700
201712 100.421 104.011 127.228
201803 108.733 105.290 136.086
201806 110.891 106.317 137.446
201809 118.000 106.507 145.996
201812 112.064 105.998 139.318
201903 112.339 107.251 138.028
201906 109.117 108.070 133.053
201909 109.439 108.329 133.126
201912 106.651 108.420 129.626
202003 98.221 108.902 118.852
202006 119.122 108.767 144.321
202009 115.727 109.815 138.871
202012 119.238 109.897 142.977
202103 128.830 111.754 151.911
202106 133.213 114.631 153.137
202109 143.869 115.734 163.811
202112 155.701 117.630 174.426
202203 161.132 121.301 175.047
202206 149.943 125.017 158.050
202209 151.848 125.227 159.790
202212 152.451 125.222 160.431
202303 156.094 127.348 161.522
202306 192.968 128.729 197.536
202309 194.414 129.860 197.284
202312 190.557 129.419 194.027
202403 200.076 131.776 200.076

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


Ghandhara Industries  (KAR:GHNI) 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.

Ghandhara Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=263.59/129.82
=2.03

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ghandhara Industries was 2.23. The lowest was 0.60. And the median was 1.06.


Be Aware

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


Ghandhara Industries Cyclically Adjusted Book per Share Related Terms

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


Ghandhara Industries (KAR:GHNI) Business Description

Traded in Other Exchanges
N/A
Address
F-3, Hub Chowki Road, S.I.T.E, P.O. Box No. 2706, Karachi, SD, PAK, 75730
Ghandhara Industries Ltd is a Pakistan based company. It is engaged in the manufacturing, assembly and marketing of Isuzu DMAX Pickups, ISUZU Trucks, Bus Chassis and fabrication of Bus and Load bodies. Its products include Rigid Truck & Prime Mover, Hi- spark single cab, Microbus, Pickup, cross crew cab, lander single cab, Light Commercial Vehicles and others.

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