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SRF (NSE:SRF) Cyclically Adjusted PB Ratio : 9.88 (As of Jun. 09, 2024)


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What is SRF Cyclically Adjusted PB Ratio?

As of today (2024-06-09), SRF's current share price is ₹2312.30. SRF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹233.93. SRF's Cyclically Adjusted PB Ratio for today is 9.88.

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

NSE:SRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.45   Med: 13.08   Max: 18.62
Current: 9.88

During the past years, SRF's highest Cyclically Adjusted PB Ratio was 18.62. The lowest was 9.45. And the median was 13.08.

NSE:SRF's Cyclically Adjusted PB Ratio is ranked worse than
94.43% of 1202 companies
in the Chemicals industry
Industry Median: 1.7 vs NSE:SRF: 9.88

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.

SRF's adjusted book value per share data for the three months ended in Mar. 2024 was ₹387.249. 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 ₹233.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SRF Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SRF'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.

SRF Cyclically Adjusted PB Ratio Chart

SRF 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 - - 18.16 12.74 10.94

SRF 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 12.74 - 10.62 - 10.94

Competitive Comparison of SRF's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, SRF'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.


SRF's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



SRF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2312.30/233.93
=9.88

* 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.

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

For example, SRF'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)
=387.249/153.0345*153.0345
=387.249

Current CPI (Mar. 2024) = 153.0345.

SRF Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 0.000 96.780 0.000
201412 0.000 96.780 0.000
201503 83.759 97.163 131.923
201506 0.000 99.841 0.000
201509 86.048 101.753 129.414
201512 0.000 102.901 0.000
201603 96.237 102.518 143.658
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 110.854 105.196 161.266
201706 0.000 107.109 0.000
201709 116.537 109.021 163.584
201712 0.000 109.404 0.000
201803 124.155 109.786 173.063
201806 0.000 111.317 0.000
201809 131.048 115.142 174.175
201812 0.000 115.142 0.000
201903 143.676 118.202 186.015
201906 0.000 120.880 0.000
201909 158.864 123.175 197.375
201912 0.000 126.235 0.000
202003 171.652 124.705 210.646
202006 0.000 127.000 0.000
202009 184.238 130.118 216.686
202012 0.000 130.889 0.000
202103 231.459 131.771 268.810
202106 0.000 134.084 0.000
202109 254.094 135.847 286.242
202112 0.000 138.161 0.000
202203 288.959 138.822 318.543
202206 0.000 142.347 0.000
202209 311.203 144.661 329.216
202212 0.000 145.763 0.000
202303 348.387 146.865 363.023
202306 0.000 150.280 0.000
202309 366.090 151.492 369.818
202312 0.000 152.924 0.000
202403 387.249 153.035 387.249

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.


SRF  (NSE:SRF) 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.


SRF Cyclically Adjusted PB Ratio Related Terms

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


SRF (NSE:SRF) Business Description

Industry
Traded in Other Exchanges
Address
Block - C, Sector - 45, Gurugram, HR, IND, 122 003
SRF Ltd operates in the textiles, chemical and packaging business based in India. The company generates around half of its revenue internationally and operates through four business segments. The technical textiles business offers products such as nylon tyre cords, belting fabric, coated fabrics, laminated fabric, polyester tyre cords, and industrial yarns. The chemicals business provides refrigerant gases, pharmaceuticals, and fluorochemicals. Finally, the packaging film business offers polyester films used to package food, cosmetics, healthcare, and personal products. The other segment includes coated fabric, laminated fabric, and engineering plastics. The Chemicals business segment act as a major revenue driver for the firm.