GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dhani Services Ltd (BOM:532960) » Definitions » Cyclically Adjusted PB Ratio

Dhani Services (BOM:532960) Cyclically Adjusted PB Ratio : (As of May. 17, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Dhani Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dhani Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dhani Services'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.

Dhani Services Cyclically Adjusted PB Ratio Chart

Dhani Services 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 - - - 1.12 0.41

Dhani Services 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 - 0.41 - 0.61 -

Competitive Comparison of Dhani Services's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Dhani Services'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.


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

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

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



Dhani Services 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.

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

For example, Dhani Services'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.

Dhani Services Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.232 91.425 17.115
201406 0.000 94.103 0.000
201409 9.718 96.780 15.356
201412 0.000 96.780 0.000
201503 12.579 97.163 19.798
201506 0.000 99.841 0.000
201509 11.052 101.753 16.610
201512 0.000 102.901 0.000
201603 11.314 102.518 16.877
201606 0.000 105.961 0.000
201609 12.334 105.961 17.801
201612 0.000 105.196 0.000
201703 13.184 105.196 19.166
201706 0.000 107.109 0.000
201709 30.198 109.021 42.359
201712 0.000 109.404 0.000
201803 36.133 109.786 50.331
201806 0.000 111.317 0.000
201809 75.563 115.142 100.358
201812 0.000 115.142 0.000
201903 106.225 118.202 137.429
201906 0.000 120.880 0.000
201909 108.767 123.175 135.036
201912 0.000 126.235 0.000
202003 104.351 124.705 127.964
202006 0.000 127.000 0.000
202009 87.439 130.118 102.765
202012 0.000 130.889 0.000
202103 112.549 131.771 130.617
202106 0.000 134.084 0.000
202109 110.159 135.847 124.007
202112 0.000 138.161 0.000
202203 93.196 138.822 102.664
202206 0.000 142.347 0.000
202209 75.013 144.661 79.298
202212 0.000 145.763 0.000
202303 69.912 146.865 72.797
202306 0.000 150.280 0.000
202309 66.242 151.492 66.868
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.


Dhani Services  (BOM:532960) 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.


Dhani Services Cyclically Adjusted PB Ratio Related Terms

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


Dhani Services (BOM:532960) Business Description

Traded in Other Exchanges
Address
4th Floor, S. B. Marg, One International Centre, Tower 1, Elphinstone (West), Mumbai, MH, IND, 400013
Dhani Services Ltd is a capital market company providing securities and derivative broking services. It is registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst, and a Merchant Banker in Category I. The company's products include Equity Trading, Derivative Trading, Commodity Trading, Currency Trading, and IPO. It is also engaged in Credit Line, Online Pharmacy, Payments services.

Dhani Services (BOM:532960) Headlines

No Headlines