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Khandwala Securities (BOM:531892) Cyclically Adjusted Book per Share : ₹0.00 (As of Dec. 2023)


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What is Khandwala Securities Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Khandwala Securities's adjusted book value per share for the three months ended in Dec. 2023 was ₹0.000. 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 ₹0.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Khandwala Securities's average Cyclically Adjusted Book Growth Rate was -5.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-05-22), Khandwala Securities's current stock price is ₹28.42. Khandwala Securities's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₹0.00. Khandwala Securities's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Khandwala Securities was 1.33. The lowest was 0.65. And the median was 0.90.


Khandwala Securities Cyclically Adjusted Book per Share Historical Data

The historical data trend for Khandwala Securities's Cyclically Adjusted Book per Share 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.

Khandwala Securities Cyclically Adjusted Book per Share Chart

Khandwala Securities Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 32.10 29.21

Khandwala Securities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 - 29.21 - 28.78 -

Competitive Comparison of Khandwala Securities's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Khandwala Securities'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.


Khandwala Securities's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Khandwala Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Khandwala Securities Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Khandwala Securities's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/152.9243*152.9243
=0.000

Current CPI (Dec. 2023) = 152.9243.

Khandwala Securities Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 23.288 85.687 41.562
201306 0.000 88.365 0.000
201309 24.911 91.042 41.843
201312 0.000 91.425 0.000
201403 23.055 91.425 38.564
201406 0.000 94.103 0.000
201409 25.227 96.780 39.862
201412 0.000 96.780 0.000
201503 23.265 97.163 36.617
201506 0.000 99.841 0.000
201509 24.843 101.753 37.336
201512 0.000 102.901 0.000
201603 22.169 102.518 33.069
201606 0.000 105.961 0.000
201609 24.337 105.961 35.123
201703 21.657 105.196 31.483
201803 21.026 109.786 29.288
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 21.125 118.202 27.331
201906 0.000 120.880 0.000
201909 21.537 123.175 26.739
201912 0.000 126.235 0.000
202003 18.114 124.705 22.213
202006 0.000 127.000 0.000
202009 19.592 130.118 23.026
202012 0.000 130.889 0.000
202103 16.711 131.771 19.394
202106 0.000 134.084 0.000
202109 16.907 135.847 19.032
202112 0.000 138.161 0.000
202203 16.837 138.822 18.547
202206 0.000 142.347 0.000
202209 19.172 144.661 20.267
202212 0.000 145.763 0.000
202303 19.334 146.865 20.132
202306 0.000 150.280 0.000
202309 19.497 151.492 19.681
202312 0.000 152.924 0.000

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


Khandwala Securities  (BOM:531892) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Khandwala Securities was 1.33. The lowest was 0.65. And the median was 0.90.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Khandwala Securities Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Khandwala Securities's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Khandwala Securities (BOM:531892) Business Description

Traded in Other Exchanges
Address
Green Street, Ground Floor, Vikas Building, Fort, Mumbai, MH, IND, 400 023
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services in the fields of institutional equity; investment banking; investment advisory; private wealth and portfolio management. The company is organized into two segments - Fee-based and Investment/Trading In Stock. The Company has considered these two divisions as its business segments. The Fee-based division provides financial advisory services relating to mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company.

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