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Mukand (NSE:MUKANDLTD) Cyclically Adjusted PB Ratio : (As of May. 15, 2025)


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What is Mukand Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mukand Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mukand'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.

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Mukand Cyclically Adjusted PB Ratio Chart

Mukand Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
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Mukand Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Mukand's Cyclically Adjusted PB Ratio

For the Steel subindustry, Mukand'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.


Mukand's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mukand's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Mukand 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.

Mukand's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Mukand's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0/158.3229*158.3229
=0.000

Current CPI (Dec. 2024) = 158.3229.

Mukand Quarterly Data

Book Value per Share CPI Adj_Book
200903 237.638 56.615 664.555
201003 243.582 65.030 593.025
201103 291.610 70.768 652.391
201203 279.900 76.889 576.347
201206 0.000 79.567 0.000
201209 581.493 82.244 1,119.394
201212 0.000 83.774 0.000
201303 248.759 85.687 459.629
201403 132.483 91.425 229.424
201503 132.395 97.163 215.732
201603 22.693 102.518 35.046
201703 22.220 105.196 33.442
201803 76.358 109.786 110.116
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 64.704 118.202 86.666
201906 0.000 120.880 0.000
201909 57.942 123.175 74.476
201912 0.000 126.235 0.000
202003 47.429 124.705 60.215
202006 0.000 127.000 0.000
202009 32.784 130.118 39.890
202012 0.000 130.889 0.000
202103 32.710 131.771 39.301
202106 0.000 134.084 0.000
202109 38.452 135.847 44.814
202112 0.000 138.161 0.000
202203 47.131 138.822 53.752
202206 0.000 142.347 0.000
202209 52.234 144.661 57.167
202212 0.000 145.763 0.000
202303 59.087 146.865 63.697
202306 0.000 150.280 0.000
202309 60.838 151.492 63.581
202312 0.000 152.924 0.000
202403 63.746 153.035 65.949
202406 0.000 155.789 0.000
202409 65.067 157.882 65.249
202412 0.000 158.323 0.000

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.


Mukand  (NSE:MUKANDLTD) 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.


Mukand Cyclically Adjusted PB Ratio Related Terms

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


Mukand Business Description

Industry
Traded in Other Exchanges
Address
Bajaj Bhawan, Jamnalal Bajaj Marg, 3rd floor, 226, Nariman Point, Mumbai, MH, IND, 400021
Mukand Ltd is engaged in the manufacturing of alloy and stainless steel long products in India. The business activity of the firm is operated through Specialty Steel, Industrial Machinery & Engineering Contracts, and Other segments. The products in the steel segment include billets, blooms, rounds, wire rods, bars, alloy steel, stainless steel, and others. Industrial machinery and engineering segment of the company includes steel structurals, material handling equipment, processing plant and equipment, and others. The company is also engaged in Road Construction and property development activities through the Others segment. The company derives maximum revenue from the Specialty steel segment.

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