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Bajaj Auto (NSE:BAJAJ-AUTO) Cyclically Adjusted Book per Share : ₹1,023.79 (As of Mar. 2025)


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What is Bajaj Auto 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.

Bajaj Auto's adjusted book value per share for the three months ended in Mar. 2025 was ₹1,260.080. 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 ₹1,023.79 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bajaj Auto's average Cyclically Adjusted Book Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.30% 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 Bajaj Auto was 14.30% per year. The lowest was 14.30% per year. And the median was 14.30% per year.

As of today (2025-07-01), Bajaj Auto's current stock price is ₹8376.00. Bajaj Auto's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹1,023.79. Bajaj Auto's Cyclically Adjusted PB Ratio of today is 8.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bajaj Auto was 12.14. The lowest was 4.87. And the median was 6.74.


Bajaj Auto Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bajaj Auto'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.

Bajaj Auto Cyclically Adjusted Book per Share Chart

Bajaj Auto 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 - 684.61 736.11 895.98 1,023.79

Bajaj Auto 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 895.98 - 978.60 - 1,023.79

Competitive Comparison of Bajaj Auto's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Bajaj Auto'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.


Bajaj Auto's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bajaj Auto's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Bajaj Auto 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, Bajaj Auto'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)
=1260.08/157.5517*157.5517
=1,260.080

Current CPI (Mar. 2025) = 157.5517.

Bajaj Auto Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 0.000 101.753 0.000
201512 0.000 102.901 0.000
201603 484.517 102.518 744.613
201606 0.000 105.961 0.000
201609 555.465 105.961 825.911
201612 0.000 105.196 0.000
201703 617.091 105.196 924.215
201706 0.000 107.109 0.000
201709 627.894 109.021 907.398
201712 0.000 109.404 0.000
201803 705.859 109.786 1,012.960
201806 0.000 111.317 0.000
201809 704.476 115.142 963.953
201812 0.000 115.142 0.000
201903 802.918 118.202 1,070.210
201906 0.000 120.880 0.000
201909 818.044 123.175 1,046.351
201912 0.000 126.235 0.000
202003 748.602 124.705 945.779
202006 0.000 127.000 0.000
202009 819.700 130.118 992.524
202012 0.000 130.889 0.000
202103 942.520 131.771 1,126.926
202106 0.000 134.084 0.000
202109 933.803 135.847 1,083.000
202112 0.000 138.161 0.000
202203 1,031.895 138.822 1,171.119
202206 0.000 142.347 0.000
202209 917.893 144.661 999.685
202212 0.000 145.763 0.000
202303 1,037.668 146.865 1,113.177
202306 0.000 150.280 0.000
202309 1,036.590 151.492 1,078.054
202312 0.000 152.924 0.000
202403 1,037.410 153.035 1,068.032
202406 0.000 155.789 0.000
202409 1,109.331 157.882 1,107.009
202412 0.000 158.323 0.000
202503 1,260.080 157.552 1,260.080

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


Bajaj Auto  (NSE:BAJAJ-AUTO) 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.

Bajaj Auto's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8376.00/1023.79
=8.18

* 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 Bajaj Auto was 12.14. The lowest was 4.87. And the median was 6.74.


Be Aware

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


Bajaj Auto Cyclically Adjusted Book per Share Related Terms

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


Bajaj Auto Business Description

Traded in Other Exchanges
Address
Mumbai Pune Road, Bajaj Auto Limited Complex, Akurdi, Pune, MH, IND, 411 035
Bajaj Auto Ltd is an automotive sales company. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles, etc., and parts thereof. The company sells its products in India as well as in various other global markets. It has two business segments Automotive Business, Investments, and Others. The company derives the majority of its revenue from the Automotive segment.

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