GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Godrej Properties Ltd (BOM:533150) » Definitions » Cyclically Adjusted Book per Share

Godrej Properties (BOM:533150) Cyclically Adjusted Book per Share : ₹231.80 (As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Godrej Properties 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.

Godrej Properties's adjusted book value per share for the three months ended in Sep. 2024 was ₹390.185. 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 ₹231.80 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Godrej Properties's average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.00% 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 Godrej Properties was 17.10% per year. The lowest was 16.00% per year. And the median was 16.55% per year.

As of today (2024-12-13), Godrej Properties's current stock price is ₹2882.45. Godrej Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₹231.80. Godrej Properties's Cyclically Adjusted PB Ratio of today is 12.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Godrej Properties was 16.58. The lowest was 5.19. And the median was 9.11.


Godrej Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for Godrej Properties'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.

Godrej Properties Cyclically Adjusted Book per Share Chart

Godrej Properties 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 116.06 137.17 161.36 186.49 213.79

Godrej Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 202.01 - 213.79 - 231.80

Competitive Comparison of Godrej Properties's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Godrej Properties'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.


Godrej Properties's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Godrej Properties 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, Godrej Properties's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=390.185/157.8822*157.8822
=390.185

Current CPI (Sep. 2024) = 157.8822.

Godrej Properties Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 96.780 0.000
201503 80.269 97.163 130.431
201506 95.443 99.841 150.928
201509 98.069 101.753 152.166
201512 0.000 102.901 0.000
201603 81.606 102.518 125.676
201606 0.000 105.961 0.000
201609 84.947 105.961 126.571
201612 0.000 105.196 0.000
201703 51.852 105.196 77.821
201706 0.000 107.109 0.000
201709 95.745 109.021 138.656
201712 0.000 109.404 0.000
201803 55.913 109.786 80.408
201806 0.000 111.317 0.000
201809 111.152 115.142 152.411
201812 0.000 115.142 0.000
201903 107.665 118.202 143.808
201906 0.000 120.880 0.000
201909 184.582 123.175 236.592
201912 0.000 126.235 0.000
202003 190.767 124.705 241.520
202006 0.000 127.000 0.000
202009 190.261 130.118 230.859
202012 0.000 130.889 0.000
202103 299.328 131.771 358.643
202106 0.000 134.084 0.000
202109 301.260 135.847 350.126
202112 0.000 138.161 0.000
202203 312.078 138.822 354.927
202206 0.000 142.347 0.000
202209 315.727 144.661 344.582
202212 0.000 145.763 0.000
202303 333.219 146.865 358.217
202306 0.000 150.280 0.000
202309 340.192 151.492 354.542
202312 0.000 152.924 0.000
202403 359.389 153.035 370.773
202406 0.000 155.789 0.000
202409 390.185 157.882 390.185

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


Godrej Properties  (BOM:533150) 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.

Godrej Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2882.45/231.8
=12.44

* 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 Godrej Properties was 16.58. The lowest was 5.19. And the median was 9.11.


Be Aware

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


Godrej Properties Cyclically Adjusted Book per Share Related Terms

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


Godrej Properties Business Description

Industry
Traded in Other Exchanges
Address
Eastern Express Highway, Godrej One, 5th Floor, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079
Godrej Properties Ltd develops residential, commercial, and township properties in multiple cities. The company derives a majority of its revenue from the sale of properties. Other operating sources of revenue include the sale of services, compensation received from projects, and lease rents. The company's operations occur in two main business areas Residential Real Estate and Commercial Real Estate. The company takes on projects in each of these segments. Some of the company's Residential Real Estate projects include Godrej Garden City, Godrej Prakriti, and Godrej Palm Grove. The company's key Commercial Real Estate projects include Godrej BKC and Godrej Eternia. The company generates a majority of its revenue from India.

Godrej Properties Headlines

No Headlines