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Manorama Industries (NSE:MANORAMA) Cyclically Adjusted PB Ratio : 30.51 (As of Sep. 21, 2024)


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What is Manorama Industries Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Manorama Industries's current share price is ₹784.20. Manorama Industries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹25.70. Manorama Industries's Cyclically Adjusted PB Ratio for today is 30.51.

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

NSE:MANORAMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.41   Med: 22.7   Max: 33.6
Current: 32.3

During the past 11 years, Manorama Industries's highest Cyclically Adjusted PB Ratio was 33.60. The lowest was 10.41. And the median was 22.70.

NSE:MANORAMA's Cyclically Adjusted PB Ratio is ranked worse than
99.06% of 1169 companies
in the Consumer Packaged Goods industry
Industry Median: 1.3 vs NSE:MANORAMA: 32.30

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.

Manorama Industries's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹56.546. 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 ₹25.70 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manorama Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Manorama Industries'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.

Manorama Industries Cyclically Adjusted PB Ratio Chart

Manorama Industries 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 - - - 10.55 15.50

Manorama Industries Quarterly Data
Sep18 Mar19 Sep19 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 10.55 - - - 15.50

Competitive Comparison of Manorama Industries's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Manorama Industries'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.


Manorama Industries's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Manorama Industries 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.

Manorama Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=784.20/25.7
=30.51

* 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.

Manorama Industries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Manorama Industries'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)
=56.546/153.0345*153.0345
=56.546

Current CPI (Mar24) = 153.0345.

Manorama Industries Annual Data

Book Value per Share CPI Adj_Book
201503 1.733 97.163 2.730
201603 2.335 102.518 3.486
201703 2.582 105.196 3.756
201803 4.369 109.786 6.090
201903 18.678 118.202 24.182
202003 23.375 124.705 28.685
202103 26.012 131.771 30.210
202203 45.010 138.822 49.618
202303 50.052 146.865 52.155
202403 56.546 153.035 56.546

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.


Manorama Industries  (NSE:MANORAMA) 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.


Manorama Industries Cyclically Adjusted PB Ratio Related Terms

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


Manorama Industries Business Description

Traded in Other Exchanges
Address
F-6, Anupam Nagar, Raipur, CT, IND, 492007
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added tailor-made products. Its only operating segment being the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). The group sells the products in India and also exports them to other countries.

Manorama Industries Headlines

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