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Britannia Industries (BOM:500825) Cyclically Adjusted PB Ratio : 35.59 (As of May. 26, 2024)


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What is Britannia Industries Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Britannia Industries's current share price is ₹5243.40. Britannia Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹147.32. Britannia Industries's Cyclically Adjusted PB Ratio for today is 35.59.

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

BOM:500825' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 26.31   Med: 33.23   Max: 39.25
Current: 35.59

During the past years, Britannia Industries's highest Cyclically Adjusted PB Ratio was 39.25. The lowest was 26.31. And the median was 33.23.

BOM:500825's Cyclically Adjusted PB Ratio is ranked worse than
98.99% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs BOM:500825: 35.59

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.

Britannia Industries's adjusted book value per share data for the three months ended in Mar. 2024 was ₹163.638. 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 ₹147.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Britannia Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Britannia Industries'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.

Britannia Industries Cyclically Adjusted PB Ratio Chart

Britannia Industries 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 - 34.80 26.10 32.49 33.35

Britannia Industries 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 32.49 - 32.29 - 33.35

Competitive Comparison of Britannia Industries's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Britannia Industries'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.


Britannia Industries's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Britannia Industries 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.

Britannia Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5243.40/147.32
=35.59

* 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.

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

For example, Britannia Industries'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)
=163.638/153.0345*153.0345
=163.638

Current CPI (Mar. 2024) = 153.0345.

Britannia Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 48.856 96.780 77.254
201412 0.000 96.780 0.000
201503 62.070 97.163 97.762
201506 0.000 99.841 0.000
201509 69.182 101.753 104.048
201512 0.000 102.901 0.000
201603 87.171 102.518 130.125
201606 0.000 105.961 0.000
201609 94.377 105.961 136.304
201612 0.000 105.196 0.000
201703 112.350 105.196 163.442
201706 0.000 107.109 0.000
201709 119.772 109.021 168.125
201712 0.000 109.404 0.000
201803 141.857 109.786 197.739
201806 0.000 111.317 0.000
201809 152.084 115.142 202.134
201812 0.000 115.142 0.000
201903 176.984 118.202 229.139
201906 0.000 120.880 0.000
201909 150.540 123.175 187.033
201912 0.000 126.235 0.000
202003 183.094 124.705 224.688
202006 0.000 127.000 0.000
202009 111.035 130.118 130.591
202012 0.000 130.889 0.000
202103 147.286 131.771 171.054
202106 0.000 134.084 0.000
202109 74.858 135.847 84.329
202112 0.000 138.161 0.000
202203 106.203 138.822 117.076
202206 0.000 142.347 0.000
202209 84.724 144.661 89.628
202212 0.000 145.763 0.000
202303 146.731 146.865 152.895
202306 0.000 150.280 0.000
202309 118.239 151.492 119.443
202312 0.000 152.924 0.000
202403 163.638 153.035 163.638

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.


Britannia Industries  (BOM:500825) 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.


Britannia Industries Cyclically Adjusted PB Ratio Related Terms

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


Britannia Industries (BOM:500825) Business Description

Traded in Other Exchanges
Address
Whitefield Main Road, The Business Precinct, Tower C, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048
Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are: biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

Britannia Industries (BOM:500825) Headlines

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