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Multi Commodity Exchange of India (NSE:MCX) Cyclically Adjusted PB Ratio : 19.30 (As of Jun. 02, 2025)


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What is Multi Commodity Exchange of India Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Multi Commodity Exchange of India's current share price is ₹6602.00. Multi Commodity Exchange of India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹342.11. Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio for today is 19.30.

The historical rank and industry rank for Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:MCX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.67   Med: 12.46   Max: 20.03
Current: 19.3

During the past years, Multi Commodity Exchange of India's highest Cyclically Adjusted PB Ratio was 20.03. The lowest was 6.67. And the median was 12.46.

NSE:MCX's Cyclically Adjusted PB Ratio is ranked worse than
98.02% of 505 companies
in the Capital Markets industry
Industry Median: 1.26 vs NSE:MCX: 19.30

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.

Multi Commodity Exchange of India's adjusted book value per share data for the three months ended in Mar. 2025 was ₹370.194. 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 ₹342.11 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multi Commodity Exchange of India Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Multi Commodity Exchange of India'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.

Multi Commodity Exchange of India Cyclically Adjusted PB Ratio Chart

Multi Commodity Exchange of India 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 - - - 10.37 15.53

Multi Commodity Exchange of India 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 10.37 - 16.38 - 15.53

Competitive Comparison of Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India'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.


Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio falls into.


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Multi Commodity Exchange of India 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.

Multi Commodity Exchange of India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6602.00/342.11
=19.30

* 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.

Multi Commodity Exchange of India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Multi Commodity Exchange of India'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)
=370.194/157.5517*157.5517
=370.194

Current CPI (Mar. 2025) = 157.5517.

Multi Commodity Exchange of India Quarterly Data

Book Value per Share CPI Adj_Book
201303 226.685 85.687 416.803
201403 224.697 91.425 387.218
201503 252.104 97.163 408.792
201603 253.620 102.518 389.767
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 267.146 105.196 400.104
201706 0.000 107.109 0.000
201709 259.426 109.021 374.908
201712 0.000 109.404 0.000
201803 270.693 109.786 388.465
201806 0.000 111.317 0.000
201809 240.309 115.142 328.821
201812 0.000 115.142 0.000
201903 245.284 118.202 326.939
201906 0.000 120.880 0.000
201909 243.119 123.175 310.971
201912 0.000 126.235 0.000
202003 266.556 124.705 336.765
202006 0.000 127.000 0.000
202009 256.471 130.118 310.545
202012 0.000 130.889 0.000
202103 278.093 131.771 332.503
202106 0.000 134.084 0.000
202109 263.899 135.847 306.063
202112 0.000 138.161 0.000
202203 278.591 138.822 316.179
202206 0.000 142.347 0.000
202209 281.127 144.661 306.178
202212 0.000 145.763 0.000
202303 290.612 146.865 311.759
202306 0.000 150.280 0.000
202309 261.527 151.492 271.988
202312 0.000 152.924 0.000
202403 270.803 153.035 278.796
202406 0.000 155.789 0.000
202409 311.306 157.882 310.654
202412 0.000 158.323 0.000
202503 370.194 157.552 370.194

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.


Multi Commodity Exchange of India  (NSE:MCX) 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.


Multi Commodity Exchange of India Cyclically Adjusted PB Ratio Related Terms

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


Multi Commodity Exchange of India Business Description

Traded in Other Exchanges
Address
Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.

Multi Commodity Exchange of India Headlines

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