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Kesoram Industries (BOM:502937) Cyclically Adjusted Book per Share : ₹25.92 (As of Mar. 2024)


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What is Kesoram Industries 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.

Kesoram Industries's adjusted book value per share for the three months ended in Mar. 2024 was ₹3.052. 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 ₹25.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kesoram Industries's average Cyclically Adjusted Book Growth Rate was -21.80% 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.

As of today (2024-06-09), Kesoram Industries's current stock price is ₹188.75. Kesoram Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹25.92. Kesoram Industries's Cyclically Adjusted PB Ratio of today is 7.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kesoram Industries was 7.28. The lowest was 0.55. And the median was 1.27.


Kesoram Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kesoram Industries'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.

Kesoram Industries Cyclically Adjusted Book per Share Chart

Kesoram Industries 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 - - 63.38 33.14 25.92

Kesoram Industries 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 33.14 - 33.09 - 25.92

Competitive Comparison of Kesoram Industries's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Kesoram 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.


Kesoram Industries's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kesoram Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kesoram Industries 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, Kesoram Industries's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.052/153.0345*153.0345
=3.052

Current CPI (Mar. 2024) = 153.0345.

Kesoram Industries Quarterly Data

Book Value per Share CPI Adj_Book
201309 59.062 91.042 99.278
201312 0.000 91.425 0.000
201403 36.697 91.425 61.426
201406 0.000 94.103 0.000
201409 1.417 96.780 2.241
201412 0.000 96.780 0.000
201503 6.808 97.163 10.723
201506 0.000 99.841 0.000
201509 -18.346 101.753 -27.592
201512 0.000 102.901 0.000
201603 72.584 102.518 108.350
201606 0.000 105.961 0.000
201609 31.552 105.961 45.569
201612 0.000 105.196 0.000
201703 58.196 105.196 84.661
201803 32.857 109.786 45.800
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 6.736 118.202 8.721
201906 0.000 120.880 0.000
201909 -1.976 123.175 -2.455
201912 0.000 126.235 0.000
202003 -5.835 124.705 -7.161
202006 0.000 127.000 0.000
202009 -6.640 130.118 -7.809
202012 0.000 130.889 0.000
202103 10.252 131.771 11.906
202106 0.000 134.084 0.000
202109 12.284 135.847 13.838
202112 0.000 138.161 0.000
202203 20.857 138.822 22.992
202206 0.000 142.347 0.000
202209 15.630 144.661 16.535
202212 0.000 145.763 0.000
202303 15.231 146.865 15.871
202306 0.000 150.280 0.000
202309 12.292 151.492 12.417
202312 0.000 152.924 0.000
202403 3.052 153.035 3.052

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


Kesoram Industries  (BOM:502937) 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.

Kesoram Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=188.75/25.92
=7.28

* 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 Kesoram Industries was 7.28. The lowest was 0.55. And the median was 1.27.


Be Aware

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


Kesoram Industries Cyclically Adjusted Book per Share Related Terms

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


Kesoram Industries (BOM:502937) Business Description

Traded in Other Exchanges
Address
9/1, R.N. Mukherjee Road, 8th Floor, Birla Building, Kolkata, WB, IND, 700001
Kesoram Industries Ltd is an investment holding company. Its operating segment includes Cement and Rayon, TP, and chemicals. It generates maximum revenue from the Cement segment. The company markets cement under the Birla Shakti brand. Geographically, it derives a majority of its revenue from India.

Kesoram Industries (BOM:502937) Headlines

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