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Avenue Supermarts (NSE:DMART) Cyclically Adjusted Book per Share : ₹158.20 (As of Mar. 2024)


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What is Avenue Supermarts 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.

Avenue Supermarts's adjusted book value per share data for the fiscal year that ended in Mar. 2024 was ₹287.335. 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 ₹158.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Avenue Supermarts's average Cyclically Adjusted Book Growth Rate was 24.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 28.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Avenue Supermarts was 28.10% per year. The lowest was 28.10% per year. And the median was 28.10% per year.

As of today (2024-06-08), Avenue Supermarts's current stock price is ₹ 4747.25. Avenue Supermarts's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2024 was ₹158.20. Avenue Supermarts's Cyclically Adjusted PB Ratio of today is 30.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Avenue Supermarts was 44.05. The lowest was 26.76. And the median was 34.88.


Avenue Supermarts Cyclically Adjusted Book per Share Historical Data

The historical data trend for Avenue Supermarts'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.

Avenue Supermarts Cyclically Adjusted Book per Share Chart

Avenue Supermarts 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 - 75.45 98.59 126.75 158.20

Avenue Supermarts 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 126.75 - - - 158.20

Competitive Comparison of Avenue Supermarts's Cyclically Adjusted Book per Share

For the Discount Stores subindustry, Avenue Supermarts'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.


Avenue Supermarts's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Avenue Supermarts 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, Avenue Supermarts'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)
=287.335/153.0345*153.0345
=287.335

Current CPI (Mar. 2024) = 153.0345.

Avenue Supermarts Annual Data

Book Value per Share CPI Adj_Book
201503 19.228 97.163 30.285
201603 24.363 102.518 36.368
201703 61.559 105.196 89.553
201803 74.814 109.786 104.285
201903 89.530 118.202 115.913
202003 171.043 124.705 209.899
202103 188.086 131.771 218.438
202203 211.148 138.822 232.766
202303 248.027 146.865 258.447
202403 287.335 153.035 287.335

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


Avenue Supermarts  (NSE:DMART) 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.

Avenue Supermarts's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4747.25/158.2
=30.01

* 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 Avenue Supermarts was 44.05. The lowest was 26.76. And the median was 34.88.


Be Aware

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


Avenue Supermarts Cyclically Adjusted Book per Share Related Terms

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


Avenue Supermarts (NSE:DMART) Business Description

Traded in Other Exchanges
Address
Road No. 33, Kamgar Hospital Road, Plot No. B-72 and B-72A, Wagle Industrial Estate, Thane, MH, IND, 400 604
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.

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