Deco-Mica (BOM:531227) Cyclically Adjusted PB Ratio : 2.13 (As of Jun. 20, 2024)

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What is Deco-Mica Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Deco-Mica's current share price is ₹103.35. Deco-Mica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹48.41. Deco-Mica's Cyclically Adjusted PB Ratio for today is 2.13.

The historical rank and industry rank for Deco-Mica's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:531227' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.93 Max: 2.17
Current: 2.17

During the past years, Deco-Mica's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.25. And the median was 0.93.

BOM:531227's Cyclically Adjusted PB Ratio is ranked worse than
80.95% of 252 companies
in the Forest Products industry
Industry Median: 0.875 vs BOM:531227: 2.17

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.

Deco-Mica's adjusted book value per share data for the three months ended in Mar. 2024 was ₹59.524. 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 ₹48.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Deco-Mica Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deco-Mica'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.

* Premium members only.

Deco-Mica Cyclically Adjusted PB Ratio Chart

Deco-Mica Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted PB Ratio

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0.64

1.00

1.30

1.22

Deco-Mica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															1.30	-	1.37	1.38	1.22

Competitive Comparison of Deco-Mica's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Deco-Mica'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.

Deco-Mica's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Deco-Mica's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Deco-Mica 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.

Deco-Mica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	103.35	/	48.41
	=	2.13

Deco-Mica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Deco-Mica'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)
	=	59.524	/	153.0345	*	153.0345
	=	59.524

Current CPI (Mar. 2024) = 153.0345.

Deco-Mica Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	23.923	94.103	38.905
201409	24.350	96.780	38.504
201412	25.550	96.780	40.401
201503	26.324	97.163	41.461
201506	26.992	99.841	41.373
201509	28.173	101.753	42.372
201512	0.000	102.901	0.000
201603	29.135	102.518	43.491
201606	29.425	105.961	42.497
201609	29.930	105.961	43.226
201612	30.430	105.196	44.268
201703	31.414	105.196	45.700
201706	32.683	107.109	46.697
201709	34.181	109.021	47.980
201712	0.000	109.404	0.000
201803	35.332	109.786	49.250
201806	36.317	111.317	49.927
201809	37.168	115.142	49.400
201812	38.351	115.142	50.972
201903	38.923	118.202	50.393
201906	39.902	120.880	50.516
201909	41.408	123.175	51.446
201912	42.253	126.235	51.223
202003	40.926	124.705	50.223
202006	41.416	127.000	49.906
202009	42.031	130.118	49.434
202012	0.000	130.889	0.000
202103	44.255	131.771	51.396
202106	0.000	134.084	0.000
202109	46.045	135.847	51.871
202112	0.000	138.161	0.000
202203	49.060	138.822	54.083
202206	0.000	142.347	0.000
202209	51.032	144.661	53.986
202212	0.000	145.763	0.000
202303	54.287	146.865	56.568
202306	0.000	150.280	0.000
202309	55.807	151.492	56.375
202312	55.675	152.924	55.715
202403	59.524	153.035	59.524

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.

Deco-Mica (BOM:531227) 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.

Deco-Mica Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Deco-Mica's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Deco-Mica (BOM:531227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Deco-Mica Ltd (BOM:531227) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

Iscon Mall, Jodhpur Cross Road, 306, 3rd Floor, Star Bazar Building, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.decomicaltd.com

Deco-Mica Ltd is an Indian-based company. It is principally engaged in the manufacturing business of decorative laminated sheets, Cut pieces, Industrial Insulator Boards, and Trading of goods. The company operates in the Indian markets as well as exports overseas to other countries. Geographically, it derives a majority of revenue from India.

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