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Balaji Telefilms (BOM:532382) Cyclically Adjusted Book per Share : ₹80.20 (As of Mar. 2024)


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What is Balaji Telefilms 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.

Balaji Telefilms's adjusted book value per share for the three months ended in Mar. 2024 was ₹42.466. 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 ₹80.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Balaji Telefilms's average Cyclically Adjusted Book Growth Rate was -3.10% 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 (2024-06-19), Balaji Telefilms's current stock price is ₹66.56. Balaji Telefilms's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹80.20. Balaji Telefilms's Cyclically Adjusted PB Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Balaji Telefilms was 1.04. The lowest was 0.45. And the median was 0.64.


Balaji Telefilms Cyclically Adjusted Book per Share Historical Data

The historical data trend for Balaji Telefilms'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.

Balaji Telefilms Cyclically Adjusted Book per Share Chart

Balaji Telefilms 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 - - 89.68 82.77 80.20

Balaji Telefilms 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 82.77 - 82.15 - 80.20

Competitive Comparison of Balaji Telefilms's Cyclically Adjusted Book per Share

For the Entertainment subindustry, Balaji Telefilms'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.


Balaji Telefilms's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Balaji Telefilms's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Balaji Telefilms 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, Balaji Telefilms'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)
=42.466/153.0345*153.0345
=42.466

Current CPI (Mar. 2024) = 153.0345.

Balaji Telefilms Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 58.863 96.780 93.077
201412 0.000 96.780 0.000
201503 61.964 97.163 97.595
201506 0.000 99.841 0.000
201509 59.983 101.753 90.213
201512 0.000 102.901 0.000
201603 70.466 102.518 105.188
201606 0.000 105.961 0.000
201609 66.076 105.961 95.430
201612 0.000 105.196 0.000
201703 66.800 105.196 97.178
201706 0.000 107.109 0.000
201709 85.086 109.021 119.436
201712 0.000 109.404 0.000
201803 84.399 109.786 117.646
201806 0.000 111.317 0.000
201809 80.212 115.142 106.609
201812 0.000 115.142 0.000
201903 75.393 118.202 97.610
201906 0.000 120.880 0.000
201909 69.397 123.175 86.220
201912 0.000 126.235 0.000
202003 68.441 124.705 83.989
202006 0.000 127.000 0.000
202009 63.881 130.118 75.132
202012 0.000 130.889 0.000
202103 56.704 131.771 65.854
202106 0.000 134.084 0.000
202109 49.436 135.847 55.691
202112 0.000 138.161 0.000
202203 43.887 138.822 48.380
202206 0.000 142.347 0.000
202209 39.388 144.661 41.668
202212 0.000 145.763 0.000
202303 40.216 146.865 41.906
202306 0.000 150.280 0.000
202309 42.187 151.492 42.617
202312 0.000 152.924 0.000
202403 42.466 153.035 42.466

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


Balaji Telefilms  (BOM:532382) 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.

Balaji Telefilms's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=66.56/80.2
=0.83

* 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 Balaji Telefilms was 1.04. The lowest was 0.45. And the median was 0.64.


Be Aware

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


Balaji Telefilms Cyclically Adjusted Book per Share Related Terms

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


Balaji Telefilms (BOM:532382) Business Description

Traded in Other Exchanges
Address
New Link Road, Opposite Laxmi Industrial Estate, C13, Balaji House, Dalia Industrial Estate, Andheri (West), Mumbai, MH, IND, 400053
Balaji Telefilms Ltd operates as a television content production company in India. The company operates through three segments: Commissioned Programmes, Digital and Films. The Commissioned Programmes engages in the sale of television serials to channels. The Films segment includes the production and distribution of motion pictures and films. The Digital segment includes subscription-based sales and licencing of digital content. It produces and distributes films primarily in the Hindi language. It is also involved in the B2C and B2B digital content business. The firm generates the majority of its revenue from the Commissioned Programmes segment.

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