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Nitco (NSE:NITCO) Cyclically Adjusted Book per Share : ₹42.22 (As of Mar. 2025)


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What is Nitco 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.

Nitco's adjusted book value per share for the three months ended in Mar. 2025 was ₹10.783. 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 ₹42.22 for the trailing ten years ended in Mar. 2025.

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 (2025-05-16), Nitco's current stock price is ₹133.62. Nitco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹42.22. Nitco's Cyclically Adjusted PB Ratio of today is 3.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nitco was 3.29. The lowest was 1.02. And the median was 1.64.


Nitco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nitco'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.

Nitco Cyclically Adjusted Book per Share Chart

Nitco 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 - - - - 42.22

Nitco 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 - - 79.33 - 42.22

Competitive Comparison of Nitco's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Nitco'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.


Nitco's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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


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Nitco 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, Nitco'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)
=10.783/157.3313*157.3313
=10.783

Current CPI (Mar. 2025) = 157.3313.

Nitco Quarterly Data

Book Value per Share CPI Adj_Book
201003 159.222 65.030 385.214
201103 0.000 70.768 0.000
201203 146.764 76.889 300.312
201206 0.000 79.567 0.000
201209 213.818 82.244 409.029
201212 0.000 83.774 0.000
201303 83.388 85.687 153.110
201403 16.490 91.425 28.377
201503 -6.867 97.163 -11.119
201603 -17.513 102.518 -26.877
201703 -23.642 105.196 -35.359
201803 22.993 109.786 32.951
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 15.547 118.202 20.694
201906 0.000 120.880 0.000
201909 9.797 123.175 12.514
201912 0.000 126.235 0.000
202003 8.871 124.705 11.192
202006 0.000 127.000 0.000
202009 -0.028 130.118 -0.034
202012 0.000 130.889 0.000
202103 -10.099 131.771 -12.058
202106 0.000 134.084 0.000
202109 -18.324 135.847 -21.222
202112 0.000 138.161 0.000
202203 -27.599 138.822 -31.279
202206 0.000 142.347 0.000
202209 -37.972 144.661 -41.298
202212 0.000 145.763 0.000
202303 -48.605 146.865 -52.069
202306 0.000 150.280 0.000
202309 -57.596 151.492 -59.816
202312 0.000 152.924 0.000
202403 -71.274 153.035 -73.275
202406 0.000 155.789 0.000
202409 -82.150 157.882 -81.863
202412 0.000 158.323 0.000
202503 10.783 157.331 10.783

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


Nitco  (NSE:NITCO) 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.

Nitco's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=133.62/42.22
=3.16

* 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 Nitco was 3.29. The lowest was 1.02. And the median was 1.64.


Be Aware

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


Nitco Cyclically Adjusted Book per Share Related Terms

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


Nitco Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nitco Ltd (NSE:NITCO) » Definitions » Cyclically Adjusted Book per Share
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Address
Sheth Govindram Jolly Marg, NITCO House, Kanjur Marg (East), Mumbai, MH, IND, 400 042
Nitco Ltd is an Indian company engaged in manufacturing and providing ceramic including floor/wall tiles, processing of marble, and outsourcing of vitrified tiles. It is also engaged in real estate development. The company portfolio comprises a range of tiles, marbles, mosaics, and development to real estate projects. Its segments include tiles and other related products, and real estate. The firm derives the majority of its revenue from tiles and other related products within India.

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