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Indian Metals & Ferro Alloys (BOM:533047) Cyclically Adjusted PB Ratio : 2.21 (As of Sep. 27, 2024)


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What is Indian Metals & Ferro Alloys Cyclically Adjusted PB Ratio?

As of today (2024-09-27), Indian Metals & Ferro Alloys's current share price is ₹663.90. Indian Metals & Ferro Alloys's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹300.65. Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio for today is 2.21.

The historical rank and industry rank for Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:533047' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.01   Max: 2.65
Current: 2.23

During the past 13 years, Indian Metals & Ferro Alloys's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 0.25. And the median was 1.01.

BOM:533047's Cyclically Adjusted PB Ratio is ranked worse than
83.42% of 386 companies
in the Steel industry
Industry Median: 0.915 vs BOM:533047: 2.23

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.

Indian Metals & Ferro Alloys's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹392.943. 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 ₹300.65 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indian Metals & Ferro Alloys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Indian Metals & Ferro Alloys'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.

Indian Metals & Ferro Alloys Cyclically Adjusted PB Ratio Chart

Indian Metals & Ferro Alloys Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.94 1.62 1.02 2.13

Indian Metals & Ferro Alloys Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - 2.13 -

Competitive Comparison of Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio

For the Steel subindustry, Indian Metals & Ferro Alloys'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.


Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio falls into.



Indian Metals & Ferro Alloys 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.

Indian Metals & Ferro Alloys's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=663.90/300.65
=2.21

* 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.

Indian Metals & Ferro Alloys's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Indian Metals & Ferro Alloys's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=392.943/153.0345*153.0345
=392.943

Current CPI (Mar24) = 153.0345.

Indian Metals & Ferro Alloys Annual Data

Book Value per Share CPI Adj_Book
201503 169.294 97.163 266.643
201603 160.280 102.518 239.258
201703 197.077 105.196 286.699
201803 225.386 109.786 314.172
201903 216.890 118.202 280.804
202003 200.897 124.705 246.535
202103 230.164 131.771 267.306
202203 317.929 138.822 350.479
202303 347.125 146.865 361.708
202403 392.943 153.035 392.943

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.


Indian Metals & Ferro Alloys  (BOM:533047) 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.


Indian Metals & Ferro Alloys Cyclically Adjusted PB Ratio Related Terms

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


Indian Metals & Ferro Alloys Business Description

Traded in Other Exchanges
Address
IMFA Building, Bomikhal, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010
Indian Metals & Ferro Alloys Ltd operates in the ferroalloys business. Its business activity primarily functions through Ferro Alloys, Power, Mining, and Other segments. The company generates maximum revenue from Ferro Alloys segment. Its Ferro Alloys segment focuses on ferro chrome, which imparts the non-corrosive property to stainless steel. Geographically, it derives a majority of revenue from Outside India.

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