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Chennai Meenakshi Multispeciality Hospital (BOM:523489) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


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What is Chennai Meenakshi Multispeciality Hospital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chennai Meenakshi Multispeciality Hospital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted PB Ratio 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.

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Chennai Meenakshi Multispeciality Hospital Cyclically Adjusted PB Ratio Chart

Chennai Meenakshi Multispeciality Hospital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
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Chennai Meenakshi Multispeciality Hospital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, Chennai Meenakshi Multispeciality Hospital'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.


Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted PB Ratio falls into.



Chennai Meenakshi Multispeciality Hospital Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Chennai Meenakshi Multispeciality Hospital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Chennai Meenakshi Multispeciality Hospital'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)
=-0.301/153.0345*153.0345
=-0.301

Current CPI (Mar. 2024) = 153.0345.

Chennai Meenakshi Multispeciality Hospital Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 -5.661 96.780 -8.951
201412 0.000 96.780 0.000
201503 -7.329 97.163 -11.543
201506 0.000 99.841 0.000
201509 -6.575 101.753 -9.889
201512 0.000 102.901 0.000
201603 -6.453 102.518 -9.633
201606 0.000 105.961 0.000
201609 -7.328 105.961 -10.583
201612 0.000 105.196 0.000
201703 -7.683 105.196 -11.177
201706 0.000 107.109 0.000
201709 -5.990 109.021 -8.408
201712 0.000 109.404 0.000
201803 -5.587 109.786 -7.788
201806 0.000 111.317 0.000
201809 -5.126 115.142 -6.813
201812 0.000 115.142 0.000
201903 -5.530 118.202 -7.160
201906 0.000 120.880 0.000
201909 -5.004 123.175 -6.217
201912 0.000 126.235 0.000
202003 -4.767 124.705 -5.850
202006 0.000 127.000 0.000
202009 -6.470 130.118 -7.610
202012 0.000 130.889 0.000
202103 -6.387 131.771 -7.418
202106 0.000 134.084 0.000
202109 -0.705 135.847 -0.794
202112 0.000 138.161 0.000
202203 -1.040 138.822 -1.146
202206 0.000 142.347 0.000
202209 -0.690 144.661 -0.730
202212 0.000 145.763 0.000
202303 0.163 146.865 0.170
202306 0.000 150.280 0.000
202309 0.237 151.492 0.239
202312 0.000 152.924 0.000
202403 -0.301 153.035 -0.301

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


Chennai Meenakshi Multispeciality Hospital  (BOM:523489) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Chennai Meenakshi Multispeciality Hospital Cyclically Adjusted PB Ratio Related Terms

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Chennai Meenakshi Multispeciality Hospital (BOM:523489) Business Description

Traded in Other Exchanges
N/A
Address
Luz Church Road, New No. 70, Old No. 149, Mylapore, Chennai, TN, IND, 600004
Website
Chennai Meenakshi Multispeciality Hospital Ltd is an India-based company engaged in hospital activities. It provides healthcare and pharmacy services. The hospital offers facilities like outpatient services, operation theatre, dialysis center, diagnostic services, and other facilities. It consists of departments like Cardiology Department, Casualty Department, Diagnostic Services, Intensive Care Unit, Nephrology Department, Physiotherapy Department, and others. The majority of the revenue is derived from providing inpatient and outpatient facilities.

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