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ACC (NSE:ACC) Cyclically Adjusted PB Ratio : 3.36 (As of Jun. 08, 2024)


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What is ACC Cyclically Adjusted PB Ratio?

As of today (2024-06-08), ACC's current share price is ₹2499.10. ACC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹743.28. ACC's Cyclically Adjusted PB Ratio for today is 3.36.

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

NSE:ACC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 2.98   Max: 3.9
Current: 3.36

During the past years, ACC's highest Cyclically Adjusted PB Ratio was 3.90. The lowest was 1.66. And the median was 2.98.

NSE:ACC's Cyclically Adjusted PB Ratio is ranked worse than
82.97% of 317 companies
in the Building Materials industry
Industry Median: 1.09 vs NSE:ACC: 3.36

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.

ACC's adjusted book value per share data for the three months ended in Mar. 2024 was ₹869.585. 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 ₹743.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ACC'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.

ACC Cyclically Adjusted PB Ratio Chart

ACC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.50 2.64 3.38 3.35

ACC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 - - 2.77 - 3.35

Competitive Comparison of ACC's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, ACC'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.


ACC's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ACC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ACC 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.

ACC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2499.10/743.28
=3.36

* 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.

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

For example, ACC'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)
=869.585/153.0345*153.0345
=869.585

Current CPI (Mar. 2024) = 153.0345.

ACC Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 91.425 0.000
201406 432.873 94.103 703.960
201409 0.000 96.780 0.000
201412 437.704 96.780 692.122
201503 0.000 97.163 0.000
201506 444.178 99.841 680.831
201509 0.000 101.753 0.000
201512 455.657 102.901 677.654
201603 0.000 102.518 0.000
201606 460.140 105.961 664.558
201609 0.000 105.961 0.000
201612 469.331 105.196 682.762
201703 0.000 105.196 0.000
201706 490.835 107.109 701.294
201709 0.000 109.021 0.000
201712 498.216 109.404 696.906
201803 0.000 109.786 0.000
201806 511.133 111.317 702.690
201809 0.000 115.142 0.000
201812 560.843 115.142 745.414
201903 0.000 118.202 0.000
201906 585.327 120.880 741.027
201909 0.000 123.175 0.000
201912 614.727 126.235 745.231
202003 0.000 124.705 0.000
202006 632.228 127.000 761.830
202009 0.000 130.118 0.000
202012 676.252 130.889 790.668
202103 0.000 131.771 0.000
202106 723.257 134.084 825.476
202109 0.000 135.847 0.000
202112 761.971 138.161 844.002
202203 0.000 138.822 0.000
202206 738.101 142.347 793.516
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202306 0.000 150.280 0.000
202309 789.140 151.492 797.175
202312 0.000 152.924 0.000
202403 869.585 153.035 869.585

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.


ACC  (NSE:ACC) 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.


ACC Cyclically Adjusted PB Ratio Related Terms

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


ACC (NSE:ACC) Business Description

Industry
Traded in Other Exchanges
Address
121, Maharshi Karve Road, Cement House, Mumbai, IND, 400020
ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the product: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India.

ACC (NSE:ACC) Headlines

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