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PNC Infratech (NSE:PNCINFRA) Cyclically Adjusted PB Ratio : 4.34 (As of Jun. 01, 2024)


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What is PNC Infratech Cyclically Adjusted PB Ratio?

As of today (2024-06-01), PNC Infratech's current share price is ₹517.90. PNC Infratech's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹119.38. PNC Infratech's Cyclically Adjusted PB Ratio for today is 4.34.

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

NSE:PNCINFRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.6   Med: 3.72   Max: 4.69
Current: 4.39

During the past 10 years, PNC Infratech's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 3.60. And the median was 3.72.

NSE:PNCINFRA's Cyclically Adjusted PB Ratio is ranked worse than
88.66% of 1243 companies
in the Construction industry
Industry Median: 1.12 vs NSE:PNCINFRA: 4.39

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.

PNC Infratech's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹202.106. 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 ₹119.38 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


PNC Infratech Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PNC Infratech'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.

PNC Infratech Cyclically Adjusted PB Ratio Chart

PNC Infratech 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 - - - - 3.66

PNC Infratech Quarterly Data
Jun19 Sep19 Dec19 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 - - - - 3.66

Competitive Comparison of PNC Infratech's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, PNC Infratech'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.


PNC Infratech's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, PNC Infratech's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PNC Infratech 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.

PNC Infratech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=517.90/119.38
=4.34

* 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.

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

For example, PNC Infratech'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)
=202.106/153.0345*153.0345
=202.106

Current CPI (Mar24) = 153.0345.

PNC Infratech Annual Data

Book Value per Share CPI Adj_Book
201503 28.899 97.163 45.517
201603 52.930 102.518 79.011
201703 56.952 105.196 82.851
201803 65.827 109.786 91.758
201903 78.911 118.202 102.165
202003 99.566 124.705 122.185
202103 119.013 131.771 138.218
202203 141.425 138.822 155.904
202303 167.033 146.865 174.050
202403 202.106 153.035 202.106

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.


PNC Infratech  (NSE:PNCINFRA) 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.


PNC Infratech Cyclically Adjusted PB Ratio Related Terms

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


PNC Infratech (NSE:PNCINFRA) Business Description

Traded in Other Exchanges
Address
Bypass Road, NH-2, PNC Tower, 3/22-D, Civil Lines, Agra, UP, IND, 282002
PNC Infratech Ltd is an infrastructure construction, development, and management company. It constructs highways, bridges, flyovers, power transmission lines, and airport runways. The company's segments include Engineering, Procurement, and Construction (EPC) Contract and BOT (Toll and Annuity). It also offers end-to-end infrastructure implementation solutions that include EPC services. The company's operations are executed across various states in India including Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka, and Tamil Nadu. The group derives key revenue from the EPC contract segment.

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