Timex Group India (BOM:500414) Cyclically Adjusted PB Ratio : (As of Jun. 20, 2024)

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What is Timex Group India Cyclically Adjusted PB Ratio?

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Timex Group India Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Timex Group India's Cyclically Adjusted PB Ratio 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.

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Timex Group India Cyclically Adjusted PB Ratio Chart

Timex Group India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted PB Ratio

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Timex Group India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Timex Group India's Cyclically Adjusted PB Ratio

For the Luxury Goods subindustry, Timex Group India'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.

Timex Group India's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Timex Group India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Timex Group India Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Timex Group India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Timex Group India'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)
	=	8.053	/	153.0345	*	153.0345
	=	8.053

Current CPI (Mar. 2024) = 153.0345.

Timex Group India Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	0.000	94.103	0.000
201409	-1.244	96.780	-1.967
201412	0.000	96.780	0.000
201503	-5.474	97.163	-8.622
201506	0.000	99.841	0.000
201509	-2.221	101.753	-3.340
201512	0.000	102.901	0.000
201603	-6.376	102.518	-9.518
201606	0.000	105.961	0.000
201609	-2.501	105.961	-3.612
201612	0.000	105.196	0.000
201703	-6.770	105.196	-9.849
201706	0.000	107.109	0.000
201709	1.202	109.021	1.687
201712	0.000	109.404	0.000
201803	-6.025	109.786	-8.398
201806	0.000	111.317	0.000
201809	2.100	115.142	2.791
201812	0.000	115.142	0.000
201903	-5.312	118.202	-6.877
201906	0.000	120.880	0.000
201909	2.302	123.175	2.860
201912	0.000	126.235	0.000
202003	-5.490	124.705	-6.737
202006	0.000	127.000	0.000
202009	0.460	130.118	0.541
202012	0.000	130.889	0.000
202103	-6.295	131.771	-7.311
202106	0.000	134.084	0.000
202109	1.842	135.847	2.075
202112	0.000	138.161	0.000
202203	-5.996	138.822	-6.610
202206	0.000	142.347	0.000
202209	4.595	144.661	4.861
202212	0.000	145.763	0.000
202303	-1.384	146.865	-1.442
202306	0.000	150.280	0.000
202309	7.506	151.492	7.582
202312	0.000	152.924	0.000
202403	8.053	153.035	8.053

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

Timex Group India (BOM:500414) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.

Timex Group India Cyclically Adjusted PB Ratio Related Terms

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Timex Group India (BOM:500414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Timex Group India Ltd (BOM:500414) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

C-1, Sector-16, 3rd Floor, World Trade Tower, Unit number 303, Tower-B,, Noida, UP, IND, 201301

Website

https://www.timexindia.com

Timex Group India Ltd is an Indian company engaged in designing, manufacturing, and marketing timepieces and jewelry and rendering related after-sales services. The company's business segment comprises watches and others. Its watches segment includes manufacturing and trading of watches. Geographically, it derives a majority of its revenue from India. The company's brand includes Timex, Helix, and TMX. The Company is primarily in the business of manufacturing and trading of watches and rendering of related after-sales service ("Watches").

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