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Bharti Airtel (BOM:890157) Cyclically Adjusted PB Ratio : 10.64 (As of May. 31, 2025)


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What is Bharti Airtel Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Bharti Airtel's current share price is ₹1403.80. Bharti Airtel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹131.97. Bharti Airtel's Cyclically Adjusted PB Ratio for today is 10.64.

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

BOM:890157' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.02   Med: 4.29   Max: 10.69
Current: 10.46

During the past years, Bharti Airtel's highest Cyclically Adjusted PB Ratio was 10.69. The lowest was 2.02. And the median was 4.29.

BOM:890157's Cyclically Adjusted PB Ratio is ranked worse than
95.67% of 277 companies
in the Telecommunication Services industry
Industry Median: 1.51 vs BOM:890157: 10.46

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.

Bharti Airtel's adjusted book value per share data for the three months ended in Mar. 2025 was ₹186.652. 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 ₹131.97 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bharti Airtel Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bharti Airtel'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.

Bharti Airtel Cyclically Adjusted PB Ratio Chart

Bharti Airtel Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 4.25 4.18 6.94 9.81

Bharti Airtel Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.94 8.07 9.57 8.87 9.81

Competitive Comparison of Bharti Airtel's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Bharti Airtel'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.


Bharti Airtel's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Bharti Airtel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Bharti Airtel 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.

Bharti Airtel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1403.80/131.97
=10.64

* 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.

Bharti Airtel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Bharti Airtel's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=186.652/157.5517*157.5517
=186.652

Current CPI (Mar. 2025) = 157.5517.

Bharti Airtel Quarterly Data

Book Value per Share CPI Adj_Book
201506 143.909 99.841 227.093
201509 141.892 101.753 219.701
201512 0.000 102.901 0.000
201603 150.610 102.518 231.460
201606 0.000 105.961 0.000
201609 144.657 105.961 215.088
201612 0.000 105.196 0.000
201703 152.139 105.196 227.858
201706 153.198 107.109 225.347
201709 156.904 109.021 226.749
201712 161.073 109.404 231.960
201803 156.840 109.786 225.077
201806 0.000 111.317 0.000
201809 155.365 115.142 212.590
201812 160.394 115.142 219.471
201903 161.089 118.202 214.716
201906 174.860 120.880 227.908
201909 133.899 123.175 171.269
201912 131.690 126.235 164.360
202003 138.856 124.705 175.430
202006 0.000 127.000 0.000
202009 106.764 130.118 129.274
202012 107.426 130.889 129.309
202103 105.429 131.771 126.056
202106 0.000 134.084 0.000
202109 109.643 135.847 127.161
202112 0.000 138.161 0.000
202203 113.161 138.822 128.429
202206 0.000 142.347 0.000
202209 122.384 144.661 133.290
202212 124.497 145.763 134.566
202303 130.041 146.865 139.504
202306 128.666 150.280 134.892
202309 129.245 151.492 134.415
202312 131.506 152.924 135.485
202403 135.697 153.035 139.702
202406 145.247 155.789 146.891
202409 143.218 157.882 142.918
202412 170.142 158.323 169.313
202503 186.652 157.552 186.652

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.


Bharti Airtel  (BOM:890157) 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.


Bharti Airtel Cyclically Adjusted PB Ratio Related Terms

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


Bharti Airtel Business Description

Traded in Other Exchanges
Address
1, Nelson Mandela Road, Bharti Crescent, Phase II, Vasant Kunj, New Delhi, IND, 110 070
Bharti Airtel Ltd is a telecommunications company. The company's segment includes Mobile Services India; Mobile Services Africa; Mobile Services South Asia; Airtel Business; Tower Infrastructure Services; Homes Services; Digital TV Services and others. It generates maximum revenue from the Mobile Services India segment. Mobile Services India services cover voice and data telecom services provided through wireless technology (2G /3G/4G) in India. It includes the captive national long distance networks which provide connectivity to the mobile services business in India. It also includes intra-city fibre networks.

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