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Dharani Sugars & Chemicals (BOM:507442) Cyclically Adjusted Book per Share : ₹6.17 (As of Mar. 2023)


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What is Dharani Sugars & Chemicals 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.

Dharani Sugars & Chemicals's adjusted book value per share for the three months ended in Mar. 2023 was ₹-59.367. 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 ₹6.17 for the trailing ten years ended in Mar. 2023.

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 (2024-05-16), Dharani Sugars & Chemicals's current stock price is ₹8.63. Dharani Sugars & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 was ₹6.17. Dharani Sugars & Chemicals's Cyclically Adjusted PB Ratio of today is 1.40.


Dharani Sugars & Chemicals Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dharani Sugars & Chemicals'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.

Dharani Sugars & Chemicals Cyclically Adjusted Book per Share Chart

Dharani Sugars & Chemicals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 23.57 6.17

Dharani Sugars & Chemicals Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 23.57 - 12.97 - 6.17

Competitive Comparison of Dharani Sugars & Chemicals's Cyclically Adjusted Book per Share

For the Confectioners subindustry, Dharani Sugars & Chemicals'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.


Dharani Sugars & Chemicals's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dharani Sugars & Chemicals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dharani Sugars & Chemicals's Cyclically Adjusted PB Ratio falls into.



Dharani Sugars & Chemicals 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, Dharani Sugars & Chemicals's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book= Book Value per Share /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-59.367/146.8646*146.8646
=-59.367

Current CPI (Mar. 2023) = 146.8646.

Dharani Sugars & Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.000 88.365 0.000
201309 34.736 91.042 56.034
201312 0.000 91.425 0.000
201403 31.404 91.425 50.447
201406 0.000 94.103 0.000
201409 19.696 96.780 29.889
201412 0.000 96.780 0.000
201503 66.555 97.163 100.600
201506 0.000 99.841 0.000
201509 -3.992 101.753 -5.762
201512 0.000 102.901 0.000
201603 63.589 102.518 91.096
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 52.526 105.196 73.332
201706 0.000 107.109 0.000
201709 47.335 109.021 63.766
201712 0.000 109.404 0.000
201803 27.034 109.786 36.164
201806 0.000 111.317 0.000
201809 4.213 115.142 5.374
201812 0.000 115.142 0.000
201903 -17.780 118.202 -22.091
201906 0.000 120.880 0.000
201909 -30.404 123.175 -36.251
201912 0.000 126.235 0.000
202003 -26.880 124.705 -31.656
202006 0.000 127.000 0.000
202009 -30.913 130.118 -34.892
202012 0.000 130.889 0.000
202103 -38.163 131.771 -42.535
202106 0.000 134.084 0.000
202109 -44.615 135.847 -48.233
202112 0.000 138.161 0.000
202203 -50.096 138.822 -52.998
202206 0.000 142.347 0.000
202209 -54.777 144.661 -55.611
202212 0.000 145.763 0.000
202303 -59.367 146.865 -59.367

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


Dharani Sugars & Chemicals  (BOM:507442) 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.

Dharani Sugars & Chemicals's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.63/6.17
=1.40

* 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.


Be Aware

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


Dharani Sugars & Chemicals Cyclically Adjusted Book per Share Related Terms

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


Dharani Sugars & Chemicals (BOM:507442) Business Description

Traded in Other Exchanges
N/A
Address
New Number 59 (Old Number 57), Sterling Road, PGP House, Nungambakkam, Chennai, TN, IND, 600034
Dharani Sugars & Chemicals Ltd is an Indian company. It operates in three business segments namely Sugar Manufacturing, Distillery, and Power. The company generates a majority of its revenue from the sugar segment. Its market coverage includes the Indian market.

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