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Linde India (BOM:523457) Cyclically Adjusted Book per Share : ₹290.19 (As of Mar. 2024)


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What is Linde India 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.

Linde India's adjusted book value per share for the three months ended in Mar. 2024 was ₹406.691. 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 ₹290.19 for the trailing ten years ended in Mar. 2024.

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), Linde India's current stock price is ₹8514.90. Linde India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹290.19. Linde India's Cyclically Adjusted PB Ratio of today is 29.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Linde India was 32.38. The lowest was 4.13. And the median was 12.43.


Linde India Cyclically Adjusted Book per Share Historical Data

The historical data trend for Linde India'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.

Linde India Cyclically Adjusted Book per Share Chart

Linde India Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 219.81 252.06 -

Linde India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 - - 281.19 - 290.19

Competitive Comparison of Linde India's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Linde India'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.


Linde India's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Linde India 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, Linde India'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)
=406.691/153.0345*153.0345
=406.691

Current CPI (Mar. 2024) = 153.0345.

Linde India Quarterly Data

Book Value per Share CPI Adj_Book
201212 156.404 83.774 285.711
201303 0.000 85.687 0.000
201306 158.063 88.365 273.742
201309 0.000 91.042 0.000
201312 167.361 91.425 280.143
201403 0.000 91.425 0.000
201406 165.947 94.103 269.872
201409 0.000 96.780 0.000
201412 162.893 96.780 257.575
201503 0.000 97.163 0.000
201506 163.546 99.841 250.681
201509 0.000 101.753 0.000
201512 163.287 102.901 242.841
201603 0.000 102.518 0.000
201606 164.201 105.961 237.148
201609 0.000 105.961 0.000
201612 168.959 105.196 245.794
201712 170.088 109.404 237.920
201806 0.000 111.317 0.000
201812 171.412 115.142 227.823
201903 0.000 118.202 0.000
201906 171.887 120.880 217.610
201909 0.000 123.175 0.000
201912 254.667 126.235 308.732
202003 0.000 124.705 0.000
202006 261.362 127.000 314.939
202009 0.000 130.118 0.000
202012 261.984 130.889 306.310
202103 0.000 131.771 0.000
202106 303.198 134.084 346.049
202109 0.000 135.847 0.000
202112 318.334 138.161 352.604
202203 0.000 138.822 0.000
202206 332.087 142.347 357.019
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202306 0.000 150.280 0.000
202309 380.652 151.492 384.528
202312 0.000 152.924 0.000
202403 406.691 153.035 406.691

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


Linde India  (BOM:523457) 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.

Linde India's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8514.90/290.19
=29.34

* 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 Linde India was 32.38. The lowest was 4.13. And the median was 12.43.


Be Aware

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


Linde India Cyclically Adjusted Book per Share Related Terms

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


Linde India (BOM:523457) Business Description

Industry
Traded in Other Exchanges
Address
P43 Taratala Road, Oxygen House, Kolkata, WB, IND, 700 088
Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.

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