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Available Finance (BOM:531310) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is Available Finance Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Available Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Available Finance'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.

Available Finance Cyclically Adjusted PB Ratio Chart

Available Finance Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.46

Available Finance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 - 0.46 - 0.41 -

Competitive Comparison of Available Finance's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Available Finance'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.


Available Finance's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

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

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



Available Finance 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.

Available Finance's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Available Finance's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/152.9243*152.9243
=0.000

Current CPI (Dec. 2023) = 152.9243.

Available Finance Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 79.567 0.000
201209 0.000 82.244 0.000
201212 0.000 83.774 0.000
201303 15.515 85.687 27.689
201306 0.000 88.365 0.000
201309 15.430 91.042 25.918
201312 0.000 91.425 0.000
201403 15.790 91.425 26.412
201406 0.000 94.103 0.000
201409 15.854 96.780 25.051
201412 0.000 96.780 0.000
201503 15.904 97.163 25.031
201506 0.000 99.841 0.000
201509 16.013 101.753 24.066
201512 0.000 102.901 0.000
201603 113.040 102.518 168.619
201703 178.393 105.196 259.331
201803 214.228 109.786 298.404
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 251.011 118.202 324.746
201906 0.000 120.880 0.000
201909 44.309 123.175 55.011
201912 0.000 126.235 0.000
202003 268.117 124.705 328.789
202006 0.000 127.000 0.000
202009 342.719 130.118 402.789
202012 0.000 130.889 0.000
202103 472.839 131.771 548.746
202106 0.000 134.084 0.000
202109 626.880 135.847 705.685
202112 0.000 138.161 0.000
202203 726.511 138.822 800.315
202206 0.000 142.347 0.000
202209 839.378 144.661 887.324
202212 0.000 145.763 0.000
202303 923.788 146.865 961.904
202306 0.000 150.280 0.000
202309 960.054 151.492 969.131
202312 0.000 152.924 0.000

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.


Available Finance  (BOM:531310) 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.


Available Finance Cyclically Adjusted PB Ratio Related Terms

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


Available Finance (BOM:531310) Business Description

Traded in Other Exchanges
N/A
Address
5, Yeshwant Colony, Agarwal House, Indore, MP, IND, 452003
Available Finance Ltd is a non-banking financial company. It offers finance and investment services. Its core business activities include providing loans and advances. Its objective is to provide money with or without security to individuals and bodies corporate. The company also acquires, hold, sell, buy, and deal in any shares, stocks, debentures, bonds, mortgages, obligations, and other securities. It generates revenue in the form of interest on loans.

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