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Tara Chand Infralogistic Solutions (NSE:TARACHAND) Cyclically Adjusted PB Ratio : 10.91 (As of Jun. 13, 2024)


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What is Tara Chand Infralogistic Solutions Cyclically Adjusted PB Ratio?

As of today (2024-06-13), Tara Chand Infralogistic Solutions's current share price is ₹430.50. Tara Chand Infralogistic Solutions's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹39.45. Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio for today is 10.91.

The historical rank and industry rank for Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:TARACHAND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.69   Max: 11.2
Current: 10.59

During the past 12 years, Tara Chand Infralogistic Solutions's highest Cyclically Adjusted PB Ratio was 11.20. The lowest was 1.50. And the median was 2.69.

NSE:TARACHAND's Cyclically Adjusted PB Ratio is ranked worse than
96.47% of 170 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.66 vs NSE:TARACHAND: 10.59

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.

Tara Chand Infralogistic Solutions's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹63.760. 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 ₹39.45 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tara Chand Infralogistic Solutions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tara Chand Infralogistic Solutions'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.

Tara Chand Infralogistic Solutions Cyclically Adjusted PB Ratio Chart

Tara Chand Infralogistic Solutions 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 - - 1.86 2.58 4.63

Tara Chand Infralogistic Solutions 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 2.58 - - - 4.63

Competitive Comparison of Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Tara Chand Infralogistic Solutions'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.


Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio falls into.



Tara Chand Infralogistic Solutions 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.

Tara Chand Infralogistic Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=430.50/39.45
=10.91

* 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.

Tara Chand Infralogistic Solutions's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Tara Chand Infralogistic Solutions'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)
=63.76/153.0345*153.0345
=63.760

Current CPI (Mar24) = 153.0345.

Tara Chand Infralogistic Solutions Annual Data

Book Value per Share CPI Adj_Book
201503 8.230 97.163 12.962
201603 9.101 102.518 13.586
201703 16.366 105.196 23.809
201803 29.971 109.786 41.777
201903 33.460 118.202 43.320
202003 38.394 124.705 47.116
202103 40.273 131.771 46.772
202203 42.012 138.822 46.313
202303 52.854 146.865 55.074
202403 63.760 153.035 63.760

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.


Tara Chand Infralogistic Solutions  (NSE:TARACHAND) 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.


Tara Chand Infralogistic Solutions Cyclically Adjusted PB Ratio Related Terms

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Tara Chand Infralogistic Solutions (NSE:TARACHAND) Business Description

Traded in Other Exchanges
N/A
Address
342, Industrial Area, Phase I, Chandigarh, IND, 160002
Tara Chand Infralogistic Solutions Ltd is an Indian company that provides heavy lifting equipment for infrastructure and construction projects. The company is actively engaged in key metro projects in India, largely in Tier 1 and 2 cities, with its large fleet of Hydraulic Piling Rigs, heavy lifting capacity Cranes, and Concrete Construction Machinery. The company has three segments including Transport and handling services, Equipment rental services, and Steel processing and distribution.

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