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Jindal Drilling & Industries (BOM:511034) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2024)


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What is Jindal Drilling & Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jindal Drilling & Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jindal Drilling & Industries'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.

Jindal Drilling & Industries Cyclically Adjusted PB Ratio Chart

Jindal Drilling & Industries 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 - - 0.21 0.47 0.45

Jindal Drilling & Industries 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 - 0.45 - 1.16 -

Competitive Comparison of Jindal Drilling & Industries's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, Jindal Drilling & Industries'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.


Jindal Drilling & Industries's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jindal Drilling & Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jindal Drilling & Industries's Cyclically Adjusted PB Ratio falls into.



Jindal Drilling & Industries 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.

Jindal Drilling & Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Jindal Drilling & Industries'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)
=0/153.2548*153.2548
=0.000

Current CPI (Dec. 2023) = 153.2548.

Jindal Drilling & Industries Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 247.606 85.687 442.854
201306 0.000 88.365 0.000
201309 258.704 91.042 435.485
201312 0.000 91.425 0.000
201403 260.388 91.425 436.486
201406 0.000 94.103 0.000
201409 270.497 96.780 428.340
201412 0.000 96.780 0.000
201503 504.262 97.163 795.371
201506 0.000 99.841 0.000
201509 285.262 101.753 429.645
201512 0.000 102.901 0.000
201603 561.978 102.518 840.102
201606 0.000 105.961 0.000
201703 583.062 105.196 849.434
201803 580.875 109.786 810.864
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 627.682 118.202 813.820
201906 0.000 120.880 0.000
201909 614.228 123.175 764.225
201912 0.000 126.235 0.000
202003 440.287 124.705 541.085
202006 0.000 127.000 0.000
202009 423.699 130.118 499.039
202012 0.000 130.889 0.000
202103 387.012 131.771 450.112
202106 0.000 134.084 0.000
202109 392.514 135.847 442.812
202112 0.000 138.161 0.000
202203 412.043 138.822 454.882
202206 0.000 142.347 0.000
202209 438.644 144.661 464.702
202212 0.000 145.763 0.000
202303 451.768 146.865 471.425
202306 0.000 150.280 0.000
202309 464.782 151.492 470.190
202312 0.000 153.255 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.


Jindal Drilling & Industries  (BOM:511034) 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.


Jindal Drilling & Industries Cyclically Adjusted PB Ratio Related Terms

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Jindal Drilling & Industries (BOM:511034) Business Description

Traded in Other Exchanges
Address
5 Pusa Road, 2nd Floor, Gurgaon, HR, IND, 110 005
Jindal Drilling & Industries Ltd is engaged in providing services to entities involved in the exploration of oil and gas. Its brands and services include Jindal Star (ERW Pipes), Power and energy, MSL (Seamless pipes) and drilling services. The company generates a majority of its revenue from drilling services within India.

Jindal Drilling & Industries (BOM:511034) Headlines

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