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Poonawalla Fincorp (NSE:POONAWALLA) Cyclically Adjusted Book per Share : ₹118.19 (As of Mar. 2024)


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What is Poonawalla Fincorp 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.

Poonawalla Fincorp's adjusted book value per share for the three months ended in Mar. 2024 was ₹105.990. 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 ₹118.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Poonawalla Fincorp's average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Poonawalla Fincorp was 4.60% per year. The lowest was 2.10% per year. And the median was 3.35% per year.

As of today (2024-06-10), Poonawalla Fincorp's current stock price is ₹465.50. Poonawalla Fincorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹118.19. Poonawalla Fincorp's Cyclically Adjusted PB Ratio of today is 3.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Poonawalla Fincorp was 4.22. The lowest was 0.13. And the median was 2.15.


Poonawalla Fincorp Cyclically Adjusted Book per Share Historical Data

The historical data trend for Poonawalla Fincorp'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.

Poonawalla Fincorp Cyclically Adjusted Book per Share Chart

Poonawalla Fincorp 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 101.84 111.11 115.28 117.19 118.19

Poonawalla Fincorp 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 117.19 - 119.01 - 118.19

Competitive Comparison of Poonawalla Fincorp's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Poonawalla Fincorp'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.


Poonawalla Fincorp's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Poonawalla Fincorp's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Poonawalla Fincorp 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, Poonawalla Fincorp'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)
=105.99/153.0345*153.0345
=105.990

Current CPI (Mar. 2024) = 153.0345.

Poonawalla Fincorp Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 90.648 96.780 143.338
201412 0.000 96.780 0.000
201503 93.867 97.163 147.843
201506 0.000 99.841 0.000
201509 98.794 101.753 148.584
201512 0.000 102.901 0.000
201603 91.387 102.518 136.418
201606 0.000 105.961 0.000
201609 94.944 105.961 137.123
201612 0.000 105.196 0.000
201703 74.001 105.196 107.653
201706 0.000 107.109 0.000
201709 94.672 109.021 132.892
201712 0.000 109.404 0.000
201803 83.197 109.786 115.971
201806 0.000 111.317 0.000
201809 95.822 115.142 127.357
201812 0.000 115.142 0.000
201903 101.881 118.202 131.904
201906 0.000 120.880 0.000
201909 102.167 123.175 126.934
201912 0.000 126.235 0.000
202003 101.961 124.705 125.124
202006 0.000 127.000 0.000
202009 105.012 130.118 123.507
202012 0.000 130.889 0.000
202103 81.386 131.771 94.519
202106 0.000 134.084 0.000
202109 76.405 135.847 86.072
202112 0.000 138.161 0.000
202203 79.171 138.822 87.277
202206 0.000 142.347 0.000
202209 83.734 144.661 88.581
202212 0.000 145.763 0.000
202303 89.347 146.865 93.101
202306 0.000 150.280 0.000
202309 101.919 151.492 102.957
202312 0.000 152.924 0.000
202403 105.990 153.035 105.990

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


Poonawalla Fincorp  (NSE:POONAWALLA) 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.

Poonawalla Fincorp's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=465.50/118.19
=3.94

* 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 Poonawalla Fincorp was 4.22. The lowest was 0.13. And the median was 2.15.


Be Aware

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


Poonawalla Fincorp Cyclically Adjusted Book per Share Related Terms

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


Poonawalla Fincorp (NSE:POONAWALLA) Business Description

Traded in Other Exchanges
Address
Mundhwa Road, A-201 and 202, 2nd floor, AP81, Koregaon Park Annex, Near Raga Lawns, Mundhwa, Pune, MH, IND, 411036
Poonawalla Fincorp Ltd is a non-banking finance company engaged in providing asset finance. The company is Financing for Tractors, Commercial Vehicle, Construction Equipment, Cars, Used Vehicles, mortgage and loans to micro, small and medium enterprises (MSME). Its only operating segment is financing. Geographically, it derives revenue from India.

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