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Action Construction Equipment (BOM:532762) Cyclically Adjusted PB Ratio : 25.35 (As of Jun. 08, 2024)


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What is Action Construction Equipment Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Action Construction Equipment's current share price is ₹1462.95. Action Construction Equipment's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹57.71. Action Construction Equipment's Cyclically Adjusted PB Ratio for today is 25.35.

The historical rank and industry rank for Action Construction Equipment's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:532762' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 4.15   Max: 27.28
Current: 24.77

During the past 13 years, Action Construction Equipment's highest Cyclically Adjusted PB Ratio was 27.28. The lowest was 0.83. And the median was 4.15.

BOM:532762's Cyclically Adjusted PB Ratio is ranked worse than
99.41% of 170 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.69 vs BOM:532762: 24.77

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.

Action Construction Equipment's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹103.340. 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 ₹57.71 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Action Construction Equipment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Action Construction Equipment'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.

* Premium members only.

Action Construction Equipment Cyclically Adjusted PB Ratio Chart

Action Construction Equipment Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 3.74 5.37 8.12 24.71

Action Construction Equipment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 8.12 - - - 24.71

Competitive Comparison of Action Construction Equipment's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Action Construction Equipment'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.


Action Construction Equipment's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Action Construction Equipment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Action Construction Equipment's Cyclically Adjusted PB Ratio falls into.



Action Construction Equipment 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.

Action Construction Equipment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1462.95/57.71
=25.35

* 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.

Action Construction Equipment's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Action Construction Equipment's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=103.34/153.0345*153.0345
=103.340

Current CPI (Mar24) = 153.0345.

Action Construction Equipment Annual Data

Book Value per Share CPI Adj_Book
201503 29.465 97.163 46.408
201603 27.199 102.518 40.601
201703 28.467 105.196 41.413
201803 32.572 109.786 45.403
201903 37.294 118.202 48.284
202003 39.005 124.705 47.866
202103 46.110 131.771 53.551
202203 63.327 138.822 69.810
202303 77.136 146.865 80.377
202403 103.340 153.035 103.340

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.


Action Construction Equipment  (BOM:532762) 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.


Action Construction Equipment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Action Construction Equipment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Action Construction Equipment (BOM:532762) Business Description

Traded in Other Exchanges
Address
Dudhola Link Road, Dudhala District, Palwal, HR, IND, 121102
Action Construction Equipment Ltd is engaged in manufacturing material handling and construction equipment. The company operates in four business segments that are Cranes, Construction Equipment, Material Handling, and Agri Equipment. The product portfolio of the company consists of the mobile crane, tower crane, crawler crane, backhoe and ladder, road equipment, and the forklift truck. Most of the firm's revenue gets derived from the Cranes segment.

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