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Apollo Pipes (BOM:531761) Cyclically Adjusted Book per Share : ₹80.10 (As of Mar. 2024)


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What is Apollo Pipes 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.

Apollo Pipes's adjusted book value per share for the three months ended in Mar. 2024 was ₹139.389. 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 ₹80.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apollo Pipes's average Cyclically Adjusted Book Growth Rate was 18.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 23.40% 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 Apollo Pipes was 23.40% per year. The lowest was 23.40% per year. And the median was 23.40% per year.

As of today (2024-06-25), Apollo Pipes's current stock price is ₹636.30. Apollo Pipes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹80.10. Apollo Pipes's Cyclically Adjusted PB Ratio of today is 7.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Apollo Pipes was 13.45. The lowest was 3.59. And the median was 8.83.


Apollo Pipes Cyclically Adjusted Book per Share Historical Data

The historical data trend for Apollo Pipes'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.

Apollo Pipes Cyclically Adjusted Book per Share Chart

Apollo Pipes 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 - 42.66 53.98 67.61 80.10

Apollo Pipes Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 - 67.61 73.20 - 80.10

Competitive Comparison of Apollo Pipes's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Apollo Pipes'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.


Apollo Pipes's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Apollo Pipes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Apollo Pipes 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, Apollo Pipes'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)
=139.389/153.0345*153.0345
=139.389

Current CPI (Mar. 2024) = 153.0345.

Apollo Pipes Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.204 91.425 10.385
201406 0.000 94.103 0.000
201409 6.308 96.780 9.975
201412 0.000 96.780 0.000
201503 15.975 97.163 25.161
201506 0.000 99.841 0.000
201509 22.939 101.753 34.500
201512 0.000 102.901 0.000
201603 50.462 102.518 75.327
201606 0.000 105.961 0.000
201609 22.109 105.961 31.931
201612 0.000 105.196 0.000
201703 60.911 105.196 88.611
201706 0.000 107.109 0.000
201709 64.496 109.021 90.534
201712 0.000 109.404 0.000
201803 34.217 109.786 47.696
201806 0.000 111.317 0.000
201809 38.239 115.142 50.823
201812 0.000 115.142 0.000
201903 63.920 118.202 82.756
201906 0.000 120.880 0.000
201909 74.667 123.175 92.767
201912 0.000 126.235 0.000
202003 77.938 124.705 95.643
202006 0.000 127.000 0.000
202009 80.856 130.118 95.097
202012 0.000 130.889 0.000
202103 90.055 131.771 104.587
202106 0.000 134.084 0.000
202109 96.126 135.847 108.288
202112 0.000 138.161 0.000
202203 103.720 138.822 114.339
202206 0.000 142.347 0.000
202209 112.002 144.661 118.485
202212 0.000 145.763 0.000
202303 116.881 146.865 121.791
202309 142.480 151.492 143.931
202312 0.000 152.924 0.000
202403 139.389 153.035 139.389

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


Apollo Pipes  (BOM:531761) 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.

Apollo Pipes's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=636.30/80.1
=7.94

* 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 Apollo Pipes was 13.45. The lowest was 3.59. And the median was 8.83.


Be Aware

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


Apollo Pipes Cyclically Adjusted Book per Share Related Terms

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


Apollo Pipes (BOM:531761) Business Description

Industry
Traded in Other Exchanges
Address
A-140, Sector 136, Noida, UP, IND, 201301
Apollo Pipes Ltd is engaged in the business of manufacturing a wide variety of pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler System, uPVC pressure pipes and fittings, uPVC column pipes and Solvent cement.

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