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Airo Lam (NSE:AIROLAM) Cyclically Adjusted Book per Share : ₹27.50 (As of Jun. 2023)


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What is Airo Lam 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.

Airo Lam's adjusted book value per share data for the fiscal year that ended in Mar. 2023 was ₹42.619. 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 ₹27.50 for the trailing ten years ended in Mar. 2023.

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 (2024-06-05), Airo Lam's current stock price is ₹ 137.25. Airo Lam's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2023 was ₹27.50. Airo Lam's Cyclically Adjusted PB Ratio of today is 4.99.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Airo Lam was 5.30. The lowest was 2.38. And the median was 2.83.


Airo Lam Cyclically Adjusted Book per Share Historical Data

The historical data trend for Airo Lam'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.

Airo Lam Cyclically Adjusted Book per Share Chart

Airo Lam Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 23.10 27.50

Airo Lam Quarterly Data
Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 - - - 27.50 -

Competitive Comparison of Airo Lam's Cyclically Adjusted Book per Share

For the Furnishings, Fixtures & Appliances subindustry, Airo Lam'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.


Airo Lam's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Airo Lam's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Airo Lam 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, Airo Lam's adjusted Book Value per Share data for the fiscal year that ended in Mar. 2023 was:

Adj_Book=Book Value per Share /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=42.619/146.8646*146.8646
=42.619

Current CPI (Mar. 2023) = 146.8646.

Airo Lam Annual Data

Book Value per Share CPI Adj_Book
201403 7.989 91.425 12.833
201503 9.058 97.163 13.691
201603 10.172 102.518 14.572
201703 11.520 105.196 16.083
201803 23.458 109.786 31.380
201903 26.298 118.202 32.675
202003 29.447 124.705 34.680
202103 33.119 131.771 36.913
202203 37.408 138.822 39.575
202303 42.619 146.865 42.619

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


Airo Lam  (NSE:AIROLAM) 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.

Airo Lam's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=137.25/27.5
=4.99

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Airo Lam was 5.30. The lowest was 2.38. And the median was 2.83.


Be Aware

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


Airo Lam Cyclically Adjusted Book per Share Related Terms

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


Airo Lam (NSE:AIROLAM) Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120
Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings.

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