GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shivalik Rasayan Ltd (NSE:SHIVALIK) » Definitions » Cyclically Adjusted Book per Share

Shivalik Rasayan (NSE:SHIVALIK) Cyclically Adjusted Book per Share : ₹171.04 (As of Mar. 2025)


View and export this data going back to 2021. Start your Free Trial

What is Shivalik Rasayan 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.

Shivalik Rasayan's adjusted book value per share for the three months ended in Mar. 2025 was ₹340.295. 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 ₹171.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Shivalik Rasayan's average Cyclically Adjusted Book Growth Rate was 20.60% 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 (2025-07-09), Shivalik Rasayan's current stock price is ₹545.15. Shivalik Rasayan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹171.04. Shivalik Rasayan's Cyclically Adjusted PB Ratio of today is 3.19.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Shivalik Rasayan was 5.17. The lowest was 3.11. And the median was 3.79.


Shivalik Rasayan Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shivalik Rasayan'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.

Shivalik Rasayan Cyclically Adjusted Book per Share Chart

Shivalik Rasayan 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 - - - 141.14 171.04

Shivalik Rasayan 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 141.14 - 154.12 - 171.04

Competitive Comparison of Shivalik Rasayan's Cyclically Adjusted Book per Share

For the Agricultural Inputs subindustry, Shivalik Rasayan'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.


Shivalik Rasayan's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Shivalik Rasayan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Shivalik Rasayan 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, Shivalik Rasayan'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)
=340.295/157.5517*157.5517
=340.295

Current CPI (Mar. 2025) = 157.5517.

Shivalik Rasayan Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 14.469 101.753 22.403
201512 0.000 102.901 0.000
201603 16.496 102.518 25.351
201606 0.000 105.961 0.000
201609 22.522 105.961 33.488
201612 0.000 105.196 0.000
201703 12.619 105.196 18.899
201706 0.000 107.109 0.000
201709 34.186 109.021 49.404
201712 0.000 109.404 0.000
201803 46.484 109.786 66.708
201806 0.000 111.317 0.000
201809 115.151 115.142 157.564
201812 0.000 115.142 0.000
201903 119.952 118.202 159.884
201906 0.000 120.880 0.000
201909 224.852 123.175 287.606
201912 0.000 126.235 0.000
202003 127.935 124.705 161.632
202006 0.000 127.000 0.000
202009 187.749 130.118 227.334
202012 0.000 130.889 0.000
202103 129.963 131.771 155.391
202106 0.000 134.084 0.000
202109 173.228 135.847 200.905
202112 0.000 138.161 0.000
202203 198.214 138.822 224.957
202206 0.000 142.347 0.000
202209 194.225 144.661 211.532
202212 0.000 145.763 0.000
202303 214.009 146.865 229.582
202306 0.000 150.280 0.000
202309 237.745 151.492 247.255
202312 0.000 152.924 0.000
202403 250.415 153.035 257.807
202406 0.000 155.789 0.000
202409 326.002 157.882 325.320
202412 0.000 158.323 0.000
202503 340.295 157.552 340.295

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


Shivalik Rasayan  (NSE:SHIVALIK) 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.

Shivalik Rasayan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=545.15/171.04
=3.19

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Shivalik Rasayan was 5.17. The lowest was 3.11. And the median was 3.79.


Be Aware

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


Shivalik Rasayan Cyclically Adjusted Book per Share Related Terms

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


Shivalik Rasayan Business Description

Traded in Other Exchanges
Address
1506, Chiranjiv Tower, 43, Nehru Place, New Delhi, IND, 110 019
Shivalik Rasayan Ltd is an Indian manufacturer of Agrochemicals and Active Pharma Ingredients (API). The company's business units cover Pharmaceuticals, Agrochemicals, Intellectual property, and R&D centers. The company derives revenue from the manufacture and export of pharmaceutical products.

Shivalik Rasayan Headlines

No Headlines