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Mphasis (BOM:526299) Cyclically Adjusted Book per Share : ₹402.60 (As of Mar. 2024)


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What is Mphasis 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.

Mphasis's adjusted book value per share for the three months ended in Mar. 2024 was ₹465.384. 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 ₹402.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mphasis's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Mphasis was 10.50% per year. The lowest was 6.60% per year. And the median was 8.55% per year.

As of today (2024-05-22), Mphasis's current stock price is ₹2372.90. Mphasis's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹402.60. Mphasis's Cyclically Adjusted PB Ratio of today is 5.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mphasis was 9.59. The lowest was 2.37. And the median was 5.45.


Mphasis Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mphasis'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.

Mphasis Cyclically Adjusted Book per Share Chart

Mphasis 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 283.17 333.14 358.84 381.99 402.60

Mphasis 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 381.99 - 394.80 - 402.60

Competitive Comparison of Mphasis's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Mphasis'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.


Mphasis's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Mphasis's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mphasis 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, Mphasis'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)
=465.384/153.0345*153.0345
=465.384

Current CPI (Mar. 2024) = 153.0345.

Mphasis Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 262.679 96.780 415.363
201412 0.000 96.780 0.000
201503 262.660 97.163 413.697
201506 0.000 99.841 0.000
201509 282.020 101.753 424.151
201512 0.000 102.901 0.000
201603 278.563 102.518 415.826
201606 0.000 105.961 0.000
201609 318.708 105.961 460.295
201612 0.000 105.196 0.000
201703 292.391 105.196 425.358
201706 0.000 107.109 0.000
201709 259.973 109.021 364.927
201712 0.000 109.404 0.000
201803 283.648 109.786 395.385
201806 0.000 111.317 0.000
201809 287.390 115.142 381.969
201812 0.000 115.142 0.000
201903 281.916 118.202 364.992
201906 0.000 120.880 0.000
201909 275.355 123.175 342.105
201912 0.000 126.235 0.000
202003 312.519 124.705 383.514
202006 0.000 127.000 0.000
202009 312.078 130.118 367.042
202012 0.000 130.889 0.000
202103 348.944 131.771 405.254
202106 0.000 134.084 0.000
202109 323.401 135.847 364.318
202112 0.000 138.161 0.000
202203 369.673 138.822 407.520
202206 0.000 142.347 0.000
202209 370.845 144.661 392.311
202212 0.000 145.763 0.000
202303 421.170 146.865 438.864
202306 0.000 150.280 0.000
202309 419.464 151.492 423.735
202312 0.000 152.924 0.000
202403 465.384 153.035 465.384

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


Mphasis  (BOM:526299) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2372.90/402.6
=5.89

* 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 Mphasis was 9.59. The lowest was 2.37. And the median was 5.45.


Be Aware

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


Mphasis Cyclically Adjusted Book per Share Related Terms

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


Mphasis (BOM:526299) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mphasis Ltd (BOM:526299) » Definitions » Cyclically Adjusted Book per Share
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Address
Marathalli Outer Ring Road, Bagmane World Technology Center, Doddanakhundi Village, Mahadevapura, Bengaluru, KA, IND, 560 048
Mphasis Ltd is an IT solutions provider which offers application development and integration, business process outsourcing, and infrastructure services such as architecture guidance. The company was formed after the merger of the U.S.-based IT consulting company Mphasis and the Indian IT services company BFL Software. Mphasis serves clients in the financial services, healthcare, telecom, retail, logistics, and technology industries. Mphasis has more than 30 offices globally, with delivery centers in India, Sri Lanka, China, Australia, Japan, North America, and Europe. The company operates through four primary segments: banking and financial services, insurance, technology media and telecom, logistics and transportation, and others.

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