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Refex Renewables & Infrastructure (BOM:531260) Cyclically Adjusted Book per Share : ₹97.17 (As of Mar. 2025)


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What is Refex Renewables & Infrastructure 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.

Refex Renewables & Infrastructure's adjusted book value per share for the three months ended in Mar. 2025 was ₹-100.245. 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 ₹97.17 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Refex Renewables & Infrastructure's average Cyclically Adjusted Book Growth Rate was -9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 Refex Renewables & Infrastructure was 15.60% per year. The lowest was 2.00% per year. And the median was 8.80% per year.

As of today (2025-06-01), Refex Renewables & Infrastructure's current stock price is ₹809.90. Refex Renewables & Infrastructure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹97.17. Refex Renewables & Infrastructure's Cyclically Adjusted PB Ratio of today is 8.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Refex Renewables & Infrastructure was 10.89. The lowest was 0.58. And the median was 3.99.


Refex Renewables & Infrastructure Cyclically Adjusted Book per Share Historical Data

The historical data trend for Refex Renewables & Infrastructure'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.

Refex Renewables & Infrastructure Cyclically Adjusted Book per Share Chart

Refex Renewables & Infrastructure Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.93 91.44 100.58 107.89 97.17

Refex Renewables & Infrastructure Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 107.89 - 102.96 - 97.17

Competitive Comparison of Refex Renewables & Infrastructure's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Refex Renewables & Infrastructure'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.


Refex Renewables & Infrastructure's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Refex Renewables & Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Refex Renewables & Infrastructure's Cyclically Adjusted PB Ratio falls into.


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Refex Renewables & Infrastructure 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, Refex Renewables & Infrastructure's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-100.245/157.5517*157.5517
=-100.245

Current CPI (Mar. 2025) = 157.5517.

Refex Renewables & Infrastructure Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 10.363 101.753 16.046
201512 0.000 102.901 0.000
201603 10.338 102.518 15.888
201606 0.000 105.961 0.000
201609 10.276 105.961 15.279
201612 0.000 105.196 0.000
201703 10.228 105.196 15.318
201706 0.000 107.109 0.000
201709 10.143 109.021 14.658
201712 0.000 109.404 0.000
201803 10.061 109.786 14.438
201806 0.000 111.317 0.000
201809 10.095 115.142 13.813
201812 10.092 115.142 13.809
201903 27.254 118.202 36.327
201906 0.000 120.880 0.000
201909 8.086 123.175 10.343
201912 0.000 126.235 0.000
202003 269.488 124.705 340.470
202006 0.000 127.000 0.000
202009 433.563 130.118 524.975
202012 0.000 130.889 0.000
202103 415.524 131.771 496.822
202106 0.000 134.084 0.000
202109 187.016 135.847 216.896
202112 0.000 138.161 0.000
202203 135.869 138.822 154.201
202206 0.000 142.347 0.000
202209 106.281 144.661 115.752
202212 0.000 145.763 0.000
202303 83.760 146.865 89.855
202306 0.000 150.280 0.000
202309 65.835 151.492 68.468
202312 0.000 152.924 0.000
202403 30.247 153.035 31.140
202406 0.000 155.789 0.000
202409 -63.831 157.882 -63.697
202412 0.000 158.323 0.000
202503 -100.245 157.552 -100.245

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


Refex Renewables & Infrastructure  (BOM:531260) 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.

Refex Renewables & Infrastructure's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=809.90/97.17
=8.33

* 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 Refex Renewables & Infrastructure was 10.89. The lowest was 0.58. And the median was 3.99.


Be Aware

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


Refex Renewables & Infrastructure Cyclically Adjusted Book per Share Related Terms

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


Refex Renewables & Infrastructure Business Description

Traded in Other Exchanges
N/A
Address
Venkatanarayana Road, GroundFloor, Bascon Futura SV IT Park, New No: 10/2, Old No: 56L, T Nagar, Chennai, TN, IND, 600017
Refex Renewables & Infrastructure Ltd is engaged in the business of rendering engineering, procurement and construction services in respect of ground solar power plants, solar water pumps and home systems. . The company segment includes (i) Engineering, procurement and construction 'EPC-Rural' - Supply, installation, commissioning and maintenance of solar water pumps and home systems. (ii) Engineering, procurement and construction 'EPC-Commercial and Industrial (C&I)' - Supply, installation, commissioning and maintenance of ground solar power plants and Rooftop.

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