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Mahindra & Mahindra Financial Services (Mahindra & Mahindra Financial Services) Cyclically Adjusted PB Ratio : (As of Jun. 17, 2024)


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What is Mahindra & Mahindra Financial Services Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mahindra & Mahindra Financial Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mahindra & Mahindra Financial 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.

Mahindra & Mahindra Financial Services Cyclically Adjusted PB Ratio Chart

Mahindra & Mahindra Financial Services 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 1.21 2.15 1.47 1.95 2.16

Mahindra & Mahindra Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 - 1.95 2.43 - 2.16

Competitive Comparison of Mahindra & Mahindra Financial Services's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Mahindra & Mahindra Financial 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.


Mahindra & Mahindra Financial Services's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

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

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



Mahindra & Mahindra Financial 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.

Mahindra & Mahindra Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mahindra & Mahindra Financial Services'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)
=11.66/153.0345*153.0345
=11.660

Current CPI (Mar. 2024) = 153.0345.

Mahindra & Mahindra Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.581 91.425 7.668
201406 0.000 94.103 0.000
201409 4.916 96.780 7.773
201412 0.000 96.780 0.000
201503 5.017 97.163 7.902
201506 0.000 99.841 0.000
201509 4.961 101.753 7.461
201512 0.000 102.901 0.000
201603 5.101 102.518 7.615
201606 0.000 105.961 0.000
201609 5.288 105.961 7.637
201612 0.000 105.196 0.000
201703 5.619 105.196 8.174
201706 0.000 107.109 0.000
201709 5.680 109.021 7.973
201712 0.000 109.404 0.000
201803 7.358 109.786 10.257
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 7.875 118.202 10.196
201906 0.000 120.880 0.000
201909 7.602 123.175 9.445
201912 0.000 126.235 0.000
202003 7.797 124.705 9.568
202006 0.000 127.000 0.000
202009 10.449 130.118 12.289
202012 0.000 130.889 0.000
202103 10.521 131.771 12.219
202106 0.000 134.084 0.000
202109 10.067 135.847 11.341
202112 0.000 138.161 0.000
202203 10.770 138.822 11.873
202206 0.000 142.347 0.000
202209 10.358 144.661 10.958
202212 0.000 145.763 0.000
202303 10.956 146.865 11.416
202309 10.877 151.492 10.988
202312 0.000 152.924 0.000
202403 11.660 153.035 11.660

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.


Mahindra & Mahindra Financial Services  (GREY:MHZNY) 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.


Mahindra & Mahindra Financial Services Cyclically Adjusted PB Ratio Related Terms

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Mahindra & Mahindra Financial Services (Mahindra & Mahindra Financial Services) Business Description

Traded in Other Exchanges
Address
Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018
Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.