GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parag Milk Food Ltd (NSE:PARAGMILK) » Definitions » Cyclically Adjusted Book per Share

Parag Milk Food (NSE:PARAGMILK) Cyclically Adjusted Book per Share : ₹104.50 (As of Mar. 2025)


View and export this data going back to 2016. Start your Free Trial

What is Parag Milk Food 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.

Parag Milk Food's adjusted book value per share for the three months ended in Mar. 2025 was ₹85.853. 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 ₹104.50 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Parag Milk Food's average Cyclically Adjusted Book Growth Rate was 17.60% 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 (2025-06-03), Parag Milk Food's current stock price is ₹205.77. Parag Milk Food's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹104.50. Parag Milk Food's Cyclically Adjusted PB Ratio of today is 1.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Parag Milk Food was 2.42. The lowest was 1.66. And the median was 2.06.


Parag Milk Food Cyclically Adjusted Book per Share Historical Data

The historical data trend for Parag Milk Food'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.

Parag Milk Food Cyclically Adjusted Book per Share Chart

Parag Milk Food 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 - - - 88.89 104.50

Parag Milk Food 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 88.89 - 98.24 - 104.50

Competitive Comparison of Parag Milk Food's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Parag Milk Food'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.


Parag Milk Food's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parag Milk Food's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Parag Milk Food 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, Parag Milk Food'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)
=85.853/157.5517*157.5517
=85.853

Current CPI (Mar. 2025) = 157.5517.

Parag Milk Food Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 0.000 101.753 0.000
201512 39.410 102.901 60.341
201603 47.318 102.518 72.719
201606 0.000 105.961 0.000
201609 94.499 105.961 140.509
201612 0.000 105.196 0.000
201703 74.287 105.196 111.259
201706 0.000 107.109 0.000
201709 80.205 109.021 115.908
201712 0.000 109.404 0.000
201803 84.895 109.786 121.831
201806 0.000 111.317 0.000
201809 91.027 115.142 124.555
201812 0.000 115.142 0.000
201903 98.540 118.202 131.344
201906 0.000 120.880 0.000
201909 103.837 123.175 132.817
201912 0.000 126.235 0.000
202003 108.550 124.705 137.141
202006 0.000 127.000 0.000
202009 110.827 130.118 134.194
202012 0.000 130.889 0.000
202103 110.573 131.771 132.207
202106 0.000 134.084 0.000
202109 123.910 135.847 143.707
202112 0.000 138.161 0.000
202203 58.196 138.822 66.048
202206 0.000 142.347 0.000
202209 64.618 144.661 70.376
202212 0.000 145.763 0.000
202303 68.934 146.865 73.950
202306 0.000 150.280 0.000
202309 72.922 151.492 75.839
202312 0.000 152.924 0.000
202403 76.519 153.035 78.778
202406 0.000 155.789 0.000
202409 80.741 157.882 80.572
202412 0.000 158.323 0.000
202503 85.853 157.552 85.853

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


Parag Milk Food  (NSE:PARAGMILK) 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.

Parag Milk Food's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=205.77/104.50
=1.97

* 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 Parag Milk Food was 2.42. The lowest was 1.66. And the median was 2.06.


Be Aware

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


Parag Milk Food Cyclically Adjusted Book per Share Related Terms

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


Parag Milk Food Business Description

Traded in Other Exchanges
Address
10th Floor Nirmal Building, Nariman Point, Mumbai, MH, IND, 400021
Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.

Parag Milk Food Headlines

No Headlines