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Reliance Infrastructure (STU:BVT) Cyclically Adjusted PB Ratio : (As of May. 27, 2024)


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What is Reliance Infrastructure Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reliance Infrastructure Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Reliance Infrastructure'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.

Reliance Infrastructure Cyclically Adjusted PB Ratio Chart

Reliance Infrastructure Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.01 0.03 0.11 0.15

Reliance Infrastructure Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 0.15 - 0.19 -

Competitive Comparison of Reliance Infrastructure's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Reliance Infrastructure'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.


Reliance Infrastructure's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Reliance Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Reliance Infrastructure 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.

Reliance Infrastructure's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Reliance Infrastructure's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/152.9243*152.9243
=0.000

Current CPI (Dec. 2023) = 152.9243.

Reliance Infrastructure Quarterly Data

Book Value per Share CPI Adj_Book
201403 35.983 91.425 60.188
201406 0.000 94.103 0.000
201409 40.760 96.780 64.406
201412 0.000 96.780 0.000
201503 37.271 97.163 58.661
201506 0.000 99.841 0.000
201509 42.765 101.753 64.271
201512 0.000 102.901 0.000
201603 33.159 102.518 49.463
201606 0.000 105.961 0.000
201609 42.884 105.961 61.891
201612 0.000 105.196 0.000
201703 37.844 105.196 55.014
201706 0.000 107.109 0.000
201709 35.230 109.021 49.417
201712 0.000 109.404 0.000
201803 33.680 109.786 46.914
201806 0.000 111.317 0.000
201809 33.514 115.142 44.511
201812 0.000 115.142 0.000
201903 20.630 118.202 26.690
201906 0.000 120.880 0.000
201909 20.160 123.175 25.029
201912 0.000 126.235 0.000
202003 13.584 124.705 16.658
202006 0.000 127.000 0.000
202009 12.117 130.118 14.241
202012 0.000 130.889 0.000
202103 14.315 131.771 16.613
202106 0.000 134.084 0.000
202109 15.121 135.847 17.022
202112 0.000 138.161 0.000
202203 16.896 138.822 18.612
202206 0.000 142.347 0.000
202209 16.700 144.661 17.654
202212 0.000 145.763 0.000
202303 9.010 146.865 9.382
202306 0.000 150.280 0.000
202309 8.212 151.492 8.290
202312 0.000 152.924 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.


Reliance Infrastructure  (STU:BVT) 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.


Reliance Infrastructure Cyclically Adjusted PB Ratio Related Terms

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Reliance Infrastructure (STU:BVT) Business Description

Traded in Other Exchanges
Address
19, Walchand Hirachand Marg, Reliance Centre, Ground Floor, Mumbai, MH, IND, 400001
Reliance Infrastructure Ltd, or RInfra, is an Indian company operating in the country's utilities and infrastructure sectors. The company segments its activities into 'Power', 'Engineering and Construction' (E&C) and 'Infrastructure. Reliance Infrastructure's revenue is derived from electricity sales and transmission charges issued by its Power division. This unit is involved in the generation, transmission, distribution, and trading of energy in India. RInfra's Power Business utilizes thermal power plants that operate on natural gas and coal to then distribute electricity to urban markets, such as Mumbai and Delhi. The company's EPC division also generates substantial income through contracts with entities in India's power and road sectors.

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