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Adani Power (BOM:533096) Cyclically Adjusted PB Ratio : 15.88 (As of May. 16, 2024)


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What is Adani Power Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Adani Power's current share price is ₹639.80. Adani Power's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹40.28. Adani Power's Cyclically Adjusted PB Ratio for today is 15.88.

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

BOM:533096' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 6.37   Max: 15.55
Current: 14.97

During the past years, Adani Power's highest Cyclically Adjusted PB Ratio was 15.55. The lowest was 1.08. And the median was 6.37.

BOM:533096's Cyclically Adjusted PB Ratio is ranked worse than
98.08% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.25 vs BOM:533096: 14.97

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.

Adani Power's adjusted book value per share data for the three months ended in Mar. 2024 was ₹111.863. 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 ₹40.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adani Power Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Adani Power'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.

Adani Power Cyclically Adjusted PB Ratio Chart

Adani Power 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 1.12 3.47 7.05 6.13 13.25

Adani Power 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 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 6.13 - 10.42 - 13.25

Competitive Comparison of Adani Power's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Adani Power'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.


Adani Power's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Adani Power 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.

Adani Power's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=639.80/40.28
=15.88

* 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.

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

For example, Adani Power'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)
=111.863/153.2548*153.2548
=111.863

Current CPI (Mar. 2024) = 153.2548.

Adani Power Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 18.946 96.780 30.002
201412 0.000 96.780 0.000
201503 19.842 97.163 31.297
201506 0.000 99.841 0.000
201509 17.731 101.753 26.705
201512 0.000 102.901 0.000
201603 22.400 102.518 33.486
201606 0.000 105.961 0.000
201609 20.604 105.961 29.800
201612 0.000 105.196 0.000
201703 7.747 105.196 11.286
201706 0.000 107.109 0.000
201709 7.357 109.021 10.342
201712 0.000 109.404 0.000
201803 2.306 109.786 3.219
201806 0.000 111.317 0.000
201809 14.137 115.142 18.816
201812 0.000 115.142 0.000
201903 19.996 118.202 25.926
201906 0.000 120.880 0.000
201909 24.977 123.175 31.076
201912 0.000 126.235 0.000
202003 16.802 124.705 20.649
202006 0.000 127.000 0.000
202009 30.052 130.118 35.396
202012 0.000 130.889 0.000
202103 33.997 131.771 39.540
202106 0.000 134.084 0.000
202109 34.717 135.847 39.166
202112 0.000 138.161 0.000
202203 48.493 138.822 53.535
202206 0.000 142.347 0.000
202209 62.751 144.661 66.479
202212 0.000 145.763 0.000
202303 77.459 146.865 80.829
202306 0.000 150.280 0.000
202309 105.030 151.492 106.252
202312 0.000 153.255 0.000
202403 111.863 153.255 111.863

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.


Adani Power  (BOM:533096) 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.


Adani Power Cyclically Adjusted PB Ratio Related Terms

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


Adani Power (BOM:533096) Business Description

Traded in Other Exchanges
Address
Shantigram, Near Vaishnodevi Circle, S G Highway, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Power Ltd is an electric utility company that produces and transmits energy from its portfolio of power plants located throughout India. The company produces its energy using thermal fuel sources, such as coal but also owns facilities that utilize solar and steam generation. Adani Power generates the vast majority of its revenue through the sale of electricity to state distribution companies and the transmission of energy to the state and central utilities. The company's electricity sales are structured through long-term agreements. Adani Power is India's private power producer, owns the world's private coal-based power plant, and is a part of the conglomerate that is India's coal importer.

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