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Mahindra Lifespace Developers (BOM:532313) Cyclically Adjusted Book per Share : ₹154.53 (As of Mar. 2024)


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What is Mahindra Lifespace Developers 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.

Mahindra Lifespace Developers's adjusted book value per share for the three months ended in Mar. 2024 was ₹120.697. 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 ₹154.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mahindra Lifespace Developers's average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Mahindra Lifespace Developers was 4.00% per year. The lowest was 1.80% per year. And the median was 2.90% per year.

As of today (2024-05-16), Mahindra Lifespace Developers's current stock price is ₹608.65. Mahindra Lifespace Developers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹154.53. Mahindra Lifespace Developers's Cyclically Adjusted PB Ratio of today is 3.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mahindra Lifespace Developers was 4.32. The lowest was 0.44. And the median was 2.39.


Mahindra Lifespace Developers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mahindra Lifespace Developers'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.

Mahindra Lifespace Developers Cyclically Adjusted Book per Share Chart

Mahindra Lifespace Developers 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 135.20 146.29 147.86 152.03 154.53

Mahindra Lifespace Developers 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 152.03 - 154.71 - 154.53

Competitive Comparison of Mahindra Lifespace Developers's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Mahindra Lifespace Developers'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.


Mahindra Lifespace Developers's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mahindra Lifespace Developers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mahindra Lifespace Developers 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, Mahindra Lifespace Developers'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)
=120.697/153.2548*153.2548
=120.697

Current CPI (Mar. 2024) = 153.2548.

Mahindra Lifespace Developers Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 108.759 96.780 172.223
201412 0.000 96.780 0.000
201503 116.317 97.163 183.467
201506 0.000 99.841 0.000
201509 115.886 101.753 174.541
201512 0.000 102.901 0.000
201603 122.988 102.518 183.855
201606 0.000 105.961 0.000
201609 141.492 105.961 204.644
201612 0.000 105.196 0.000
201703 137.996 105.196 201.039
201706 0.000 107.109 0.000
201709 129.328 109.021 181.800
201712 0.000 109.404 0.000
201803 133.705 109.786 186.644
201806 0.000 111.317 0.000
201809 127.506 115.142 169.712
201812 0.000 115.142 0.000
201903 125.257 118.202 162.402
201906 0.000 120.880 0.000
201909 125.007 123.175 155.534
201912 0.000 126.235 0.000
202003 110.412 124.705 135.689
202006 0.000 127.000 0.000
202009 108.229 130.118 127.474
202012 0.000 130.889 0.000
202103 105.813 131.771 123.065
202106 0.000 134.084 0.000
202109 105.362 135.847 118.863
202112 0.000 138.161 0.000
202203 115.749 138.822 127.783
202206 0.000 142.347 0.000
202209 118.050 144.661 125.063
202212 0.000 145.763 0.000
202303 116.752 146.865 121.832
202306 0.000 150.280 0.000
202309 112.930 151.492 114.244
202312 0.000 153.255 0.000
202403 120.697 153.255 120.697

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


Mahindra Lifespace Developers  (BOM:532313) 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.

Mahindra Lifespace Developers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=608.65/154.53
=3.94

* 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 Mahindra Lifespace Developers was 4.32. The lowest was 0.44. And the median was 2.39.


Be Aware

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


Mahindra Lifespace Developers Cyclically Adjusted Book per Share Related Terms

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


Mahindra Lifespace Developers (BOM:532313) Business Description

Traded in Other Exchanges
Address
Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, IND, 400 018
Mahindra Lifespace Developers Ltd is an India-based real estate development company. The firm, along with its subsidiary companies, is engaged in the development of residential projects and integrated large-format development. Its residential offering comprises mid-premium segment housing as well as affordable housing. It operates in two business segments including Operating of Commercial complexes and Projects, project management, and development segment. Operating of commercial complexes includes rental income from commercial properties. A project, project management, and development segment include income from the sale of residential units.

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