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Tata Power Co (NSE:TATAPOWER) Cyclically Adjusted PB Ratio : 5.16 (As of May. 26, 2024)


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What is Tata Power Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Tata Power Co's current share price is ₹447.20. Tata Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹86.62. Tata Power Co's Cyclically Adjusted PB Ratio for today is 5.16.

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

NSE:TATAPOWER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 2.5   Max: 5.25
Current: 5.17

During the past years, Tata Power Co's highest Cyclically Adjusted PB Ratio was 5.25. The lowest was 0.37. And the median was 2.50.

NSE:TATAPOWER's Cyclically Adjusted PB Ratio is ranked worse than
90.49% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.22 vs NSE:TATAPOWER: 5.17

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.

Tata Power Co's adjusted book value per share data for the three months ended in Mar. 2024 was ₹101.258. 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 ₹86.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Power Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tata Power Co'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.

Tata Power Co Cyclically Adjusted PB Ratio Chart

Tata Power Co 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 0.43 1.29 3.02 2.28 4.55

Tata Power Co 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 2.28 - 3.06 - 4.55

Competitive Comparison of Tata Power Co's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Tata Power Co'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.


Tata Power Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tata Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tata Power Co 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.

Tata Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=447.20/86.62
=5.16

* 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.

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

For example, Tata Power Co'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)
=101.258/153.0345*153.0345
=101.258

Current CPI (Mar. 2024) = 153.0345.

Tata Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 58.599 96.780 92.660
201412 0.000 96.780 0.000
201503 47.956 97.163 75.532
201506 0.000 99.841 0.000
201509 78.910 101.753 118.679
201512 0.000 102.901 0.000
201603 53.569 102.518 79.965
201606 0.000 105.961 0.000
201609 60.823 105.961 87.844
201612 0.000 105.196 0.000
201703 53.322 105.196 77.570
201706 0.000 107.109 0.000
201709 53.429 109.021 74.999
201712 0.000 109.404 0.000
201803 60.556 109.786 84.411
201806 0.000 111.317 0.000
201809 68.494 115.142 91.035
201812 0.000 115.142 0.000
201903 67.679 118.202 87.623
201906 0.000 120.880 0.000
201909 67.618 123.175 84.010
201912 0.000 126.235 0.000
202003 72.339 124.705 88.772
202006 0.000 127.000 0.000
202009 68.105 130.118 80.100
202012 0.000 130.889 0.000
202103 69.859 131.771 81.132
202106 0.000 134.084 0.000
202109 66.588 135.847 75.013
202112 0.000 138.161 0.000
202203 70.196 138.822 77.383
202206 0.000 142.347 0.000
202209 80.374 144.661 85.026
202212 0.000 145.763 0.000
202303 90.045 146.865 93.828
202306 0.000 150.280 0.000
202309 94.313 151.492 95.273
202312 0.000 152.924 0.000
202403 101.258 153.035 101.258

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.


Tata Power Co  (NSE:TATAPOWER) 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.


Tata Power Co Cyclically Adjusted PB Ratio Related Terms

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


Tata Power Co (NSE:TATAPOWER) Business Description

Traded in Other Exchanges
Address
34 Sant Tukaram Road, Corporate Center B, Carnac Bunder, Mumbai, MH, IND, 400 009
Tata Power Co Ltd is an Indian electric utility company within the Tata Group multinational conglomerate that builds, operates, and maintains power generation and distribution facilities. With the help of its seven key subsidiaries and numerous joint-venture companies, Tata Power generates Most of its revenue through the generation, transmission, distribution, and trading of electricity throughout India. Most of this energy is produced from thermal fuel sources, such as coal, oil, and gas. Additionally, Tata Power engages in the production of energy from hydroelectric and renewable sources, including multiple hydroelectric and wind power projects located throughout Africa. Its segment comprises Generation; Renewables; Transmission and Distribution; and Others.

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