GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Adani Energy Solutions Ltd (BOM:539254) » Definitions » Cyclically Adjusted Book per Share

Adani Energy Solutions (BOM:539254) Cyclically Adjusted Book per Share : ₹77.36 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Adani Energy Solutions 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.

Adani Energy Solutions's adjusted book value per share data for the fiscal year that ended in Mar. 2024 was ₹113.327. 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 ₹77.36 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 (2024-05-14), Adani Energy Solutions's current stock price is ₹ 991.45. Adani Energy Solutions's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2024 was ₹77.36. Adani Energy Solutions's Cyclically Adjusted PB Ratio of today is 12.82.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Adani Energy Solutions was 14.18. The lowest was 12.77. And the median was 13.72.


Adani Energy Solutions Cyclically Adjusted Book per Share Historical Data

The historical data trend for Adani Energy Solutions'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.

Adani Energy Solutions Cyclically Adjusted Book per Share Chart

Adani Energy Solutions 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 - - - - 77.36

Adani Energy Solutions 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 - - - - 77.36

Competitive Comparison of Adani Energy Solutions's Cyclically Adjusted Book per Share

For the Utilities - Independent Power Producers subindustry, Adani Energy Solutions'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.


Adani Energy Solutions's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Adani Energy Solutions's Cyclically Adjusted PB Ratio falls into.



Adani Energy Solutions 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, Adani Energy Solutions'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)
=113.327/153.2548*153.2548
=113.327

Current CPI (Mar. 2024) = 153.2548.

Adani Energy Solutions Annual Data

Book Value per Share CPI Adj_Book
201503 9.732 97.163 15.350
201603 24.293 102.518 36.316
201703 26.791 105.196 39.030
201803 55.069 109.786 76.873
201903 73.130 118.202 94.817
202003 77.277 124.705 94.969
202103 81.098 131.771 94.320
202203 90.132 138.822 99.503
202303 104.550 146.865 109.099
202403 113.327 153.255 113.327

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


Adani Energy Solutions  (BOM:539254) 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.

Adani Energy Solutions's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=991.45/77.36
=12.82

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Adani Energy Solutions was 14.18. The lowest was 12.77. And the median was 13.72.


Be Aware

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


Adani Energy Solutions Cyclically Adjusted Book per Share Related Terms

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


Adani Energy Solutions (BOM:539254) Business Description

Traded in Other Exchanges
Address
S G Highway, Adani Corporate House, Shantigram, Near Vaishno Devi Circle, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Energy Solutions Ltd Formerly Adani Transmission Ltd is a power transmission company in India. It is involved in the business activity of transmission of electric energy. The company is also engaged in the trading of Agri commodities business. The operating segments of the company are the Transmission segment which involves power transmission activities; the Trading segment; Mumbai GTD Business. It derives a majority of revenue from the Mumbai GTD Business segment. The company operates in India.

Adani Energy Solutions (BOM:539254) Headlines

No Headlines