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Hindustan Unilever (NSE:HINDUNILVR) Cyclically Adjusted Book per Share : ₹118.45 (As of Mar. 2024)


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What is Hindustan Unilever Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Hindustan Unilever's adjusted book value per share data for the fiscal year that ended in Mar. 2024 was ₹217.987. 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 ₹118.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hindustan Unilever's average Cyclically Adjusted Book Growth Rate was 24.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 32.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 35.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 21.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Hindustan Unilever was 44.20% per year. The lowest was 7.60% per year. And the median was 19.35% per year.

As of today (2024-04-28), Hindustan Unilever's current stock price is ₹ 2222.65. Hindustan Unilever's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2024 was ₹118.45. Hindustan Unilever's Cyclically Adjusted PB Ratio of today is 18.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hindustan Unilever was 74.91. The lowest was 18.72. And the median was 45.79.


Hindustan Unilever Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hindustan Unilever's Cyclically Adjusted Book per Share 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.

Hindustan Unilever Cyclically Adjusted Book per Share Chart

Hindustan Unilever Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.83 51.57 72.12 95.51 118.45

Hindustan Unilever Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 95.51 - - - 118.45

Competitive Comparison of Hindustan Unilever's Cyclically Adjusted Book per Share

For the Household & Personal Products subindustry, Hindustan Unilever'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.


Hindustan Unilever's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hindustan Unilever's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hindustan Unilever Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Hindustan Unilever's adjusted Book Value per Share data for the fiscal year that ended in Mar. 2024 was:

Adj_Book=Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=217.987/153.2548*153.2548
=217.987

Current CPI (Mar. 2024) = 153.2548.

Hindustan Unilever Annual Data

Book Value per Share CPI Adj_Book
201503 29.832 97.163 47.054
201603 30.375 102.518 45.408
201703 31.159 105.196 45.394
201803 33.638 109.786 46.956
201903 36.342 118.202 47.119
202003 38.012 124.705 46.714
202103 202.905 131.771 235.987
202203 208.807 138.822 230.516
202303 214.097 146.865 223.413
202403 217.987 153.255 217.987

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Hindustan Unilever  (NSE:HINDUNILVR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Hindustan Unilever's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2222.65/118.45
=18.76

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hindustan Unilever was 74.91. The lowest was 18.72. And the median was 45.79.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Hindustan Unilever Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Hindustan Unilever's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Hindustan Unilever (NSE:HINDUNILVR) Business Description

Traded in Other Exchanges
Address
B. D. Sawant Marg, Unilever House, Chakala, Andheri (East), Mumbai, MH, IND, 400 099
Hindustan Unilever Ltd is an Indian consumer goods company. The firm's offering is diverse, as it includes over 50 brands from 16 distinct categories, from cosmetics and hygienic items (detergents, soaps, shampoos, skincare, toothpaste, and deodorants), to food and beverages (tea, coffee, packaged foods). Its product portfolio contains household brands such as Lux, Lifebuoy, Pepsodent, Closeup, Pureit, Axe, Brooke Bond, Bru, Knorr, Kissan, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Kwality Wall's, Surf Excel, Rin, Wheel, and Fair and Lovely.

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