Punjab Chemicals & Crop Protection (BOM:506618) Cyclically Adjusted Book per Share : ₹125.50 (As of Mar. 2024)

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What is Punjab Chemicals & Crop Protection 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.

Punjab Chemicals & Crop Protection's adjusted book value per share data for the fiscal year that ended in Mar. 2024 was ₹269.250. 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 ₹125.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Punjab Chemicals & Crop Protection's average Cyclically Adjusted Book Growth Rate was 39.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 53.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 33.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Punjab Chemicals & Crop Protection was 53.40% per year. The lowest was -13.90% per year. And the median was 19.60% per year.

As of today (2024-06-20), Punjab Chemicals & Crop Protection's current stock price is ₹ 1249.70. Punjab Chemicals & Crop Protection's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2024 was ₹125.50. Punjab Chemicals & Crop Protection's Cyclically Adjusted PB Ratio of today is 9.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Punjab Chemicals & Crop Protection was 39.64. The lowest was 8.03. And the median was 18.34.

Punjab Chemicals & Crop Protection Cyclically Adjusted Book per Share Historical Data

The historical data trend for Punjab Chemicals & Crop Protection'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.

Punjab Chemicals & Crop Protection Cyclically Adjusted Book per Share Chart

Punjab Chemicals & Crop Protection Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted Book per Share

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32.41

34.75

58.68

90.19

125.50

Punjab Chemicals & Crop Protection 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															90.19	-	-	-	125.50

Competitive Comparison of Punjab Chemicals & Crop Protection's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Punjab Chemicals & Crop Protection'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.

Punjab Chemicals & Crop Protection's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Punjab Chemicals & Crop Protection's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Punjab Chemicals & Crop Protection's Cyclically Adjusted PB Ratio falls into.

Punjab Chemicals & Crop Protection Cyclically Adjusted Book per Share Calculation

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, Punjab Chemicals & Crop Protection's adjusted Book Value per Share data for the fiscal year that ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	269.25	/	153.0345	*	153.0345
	=	269.250

Current CPI (Mar. 2024) = 153.0345.

Punjab Chemicals & Crop Protection Annual Data

	Book Value per Share	CPI	Adj_Book
201503	-28.249	97.163	-44.493
201603	70.175	102.518	104.754
201703	47.618	105.196	69.273
201803	60.487	109.786	84.315
201903	74.098	118.202	95.934
202003	79.717	124.705	97.826
202103	117.866	131.771	136.886
202203	183.996	138.822	202.834
202303	228.850	146.865	238.464
202403	269.250	153.035	269.250

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

Punjab Chemicals & Crop Protection (BOM:506618) 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.

Punjab Chemicals & Crop Protection's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	1249.70	/	125.5
	=	9.96

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Punjab Chemicals & Crop Protection was 39.64. The lowest was 8.03. And the median was 18.34.

Be Aware

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

Punjab Chemicals & Crop Protection Cyclically Adjusted Book per Share Related Terms

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

Punjab Chemicals & Crop Protection (BOM:506618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Punjab Chemicals & Crop Protection Ltd (BOM:506618) » Definitions » Cyclically Adjusted Book per Share

Traded in Other Exchanges

PUNJABCHEM:India

Address

New Link Road, Plot Number 645-646, Oberoi Chambers II, 5th Floor, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.punjabchemicals.com

Punjab Chemicals & Crop Protection Ltd is involved in the chemical business. It provides technical and bulk agrochemicals, such as herbicides, insecticides, and fungicides; and pharmaceutical products, including APIs, intermediates, anti-oxidants, and fine chemicals, as well as intermediates for APIs; and industrial chemicals comprising phosphorus derivatives, oxalates, and intermediates. Geographically, the group has a business presence in India, Europe, Japan, and other countries, of which key revenue is derived from India. The firm operates in a single segment namely Performance Chemicals.

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