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Milkfood (BOM:507621) Cyclically Adjusted Book per Share : ₹66.12 (As of Sep. 2024)


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What is Milkfood 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.

Milkfood's adjusted book value per share for the three months ended in Sep. 2024 was ₹71.781. 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 ₹66.12 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Milkfood's average Cyclically Adjusted Book Growth Rate was 12.80% 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 (2024-12-15), Milkfood's current stock price is ₹120.10. Milkfood's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₹66.12. Milkfood's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Milkfood was 2.88. The lowest was 1.63. And the median was 2.47.


Milkfood Cyclically Adjusted Book per Share Historical Data

The historical data trend for Milkfood'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.

Milkfood Cyclically Adjusted Book per Share Chart

Milkfood 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 - - - 54.02 63.77

Milkfood 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 58.61 - 63.77 - 66.12

Competitive Comparison of Milkfood's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Milkfood'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.


Milkfood's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Milkfood 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, Milkfood'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)
=71.781/157.8822*157.8822
=71.781

Current CPI (Sep. 2024) = 157.8822.

Milkfood Quarterly Data

Book Value per Share CPI Adj_Book
201303 16.612 85.687 30.608
201306 0.000 88.365 0.000
201312 0.000 91.425 0.000
201403 17.216 91.425 29.730
201406 0.000 94.103 0.000
201412 0.000 96.780 0.000
201503 17.697 97.163 28.756
201506 0.000 99.841 0.000
201512 0.000 102.901 0.000
201603 46.803 102.518 72.078
201606 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 46.220 105.196 69.369
201803 50.236 109.786 72.244
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 55.393 118.202 73.988
201906 0.000 120.880 0.000
201909 59.286 123.175 75.991
201912 0.000 126.235 0.000
202003 59.691 124.705 75.571
202006 0.000 127.000 0.000
202009 60.453 130.118 73.352
202012 0.000 130.889 0.000
202103 60.893 131.771 72.960
202106 0.000 134.084 0.000
202109 61.323 135.847 71.270
202112 0.000 138.161 0.000
202203 62.755 138.822 71.371
202206 0.000 142.347 0.000
202209 64.162 144.661 70.026
202212 0.000 145.763 0.000
202303 68.061 146.865 73.167
202306 0.000 150.280 0.000
202309 67.124 151.492 69.955
202312 0.000 152.924 0.000
202403 85.284 153.035 87.986
202406 0.000 155.789 0.000
202409 71.781 157.882 71.781

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


Milkfood  (BOM:507621) 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.

Milkfood's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=120.10/66.12
=1.82

* 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 Milkfood was 2.88. The lowest was 1.63. And the median was 2.47.


Be Aware

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


Milkfood Cyclically Adjusted Book per Share Related Terms

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


Milkfood Business Description

Traded in Other Exchanges
N/A
Address
91, Bhandari House, 5th Floor, Nehru Place, New Delhi, IND, 110019
Milkfood Ltd is involved in the dairy product business across India. The company principally manufactures and sells dairy products which include ghee, milk powder, casein, demineralized whey powder, and dairy whitener. Its casein and demineralized whey powder products are used in the production of Chocolates, Ice cream, Coffee Whiteners, Health Supplements, Infant Food, Nutritional Beverages, Cheese, etc. It is used even in Knitting Needles, Cosmetics, Pharmaceuticals, Automobile Paint, etc.

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