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Available Finance (BOM:531310) Cyclically Adjusted PB Ratio : 0.71 (As of Jun. 10, 2024)


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What is Available Finance Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Available Finance's current share price is ₹280.85. Available Finance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₹396.50. Available Finance's Cyclically Adjusted PB Ratio for today is 0.71.

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

BOM:531310' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.57   Max: 1.1
Current: 0.71

During the past years, Available Finance's highest Cyclically Adjusted PB Ratio was 1.10. The lowest was 0.33. And the median was 0.57.

BOM:531310's Cyclically Adjusted PB Ratio is ranked better than
60.98% of 369 companies
in the Credit Services industry
Industry Median: 0.95 vs BOM:531310: 0.71

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.

Available Finance's adjusted book value per share data for the three months ended in Mar. 2024 was ₹1,060.110. 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 ₹396.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Available Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Available Finance'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.

Available Finance Cyclically Adjusted PB Ratio Chart

Available Finance 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 - - - 0.46 0.55

Available Finance 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 0.46 - 0.41 - 0.55

Competitive Comparison of Available Finance's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Available Finance'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.


Available Finance's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Available Finance's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Available Finance 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.

Available Finance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=280.85/396.5
=0.71

* 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.

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

For example, Available Finance'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)
=1060.11/153.0345*153.0345
=1,060.110

Current CPI (Mar. 2024) = 153.0345.

Available Finance Quarterly Data

Book Value per Share CPI Adj_Book
201209 0.000 82.244 0.000
201212 0.000 83.774 0.000
201303 15.515 85.687 27.709
201306 0.000 88.365 0.000
201309 15.430 91.042 25.937
201312 0.000 91.425 0.000
201403 15.790 91.425 26.431
201406 0.000 94.103 0.000
201409 15.854 96.780 25.069
201412 0.000 96.780 0.000
201503 15.904 97.163 25.049
201506 0.000 99.841 0.000
201509 16.013 101.753 24.083
201512 0.000 102.901 0.000
201603 113.040 102.518 168.741
201703 178.393 105.196 259.518
201803 214.228 109.786 298.619
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 251.011 118.202 324.980
201906 0.000 120.880 0.000
201909 44.309 123.175 55.050
201912 0.000 126.235 0.000
202003 268.117 124.705 329.025
202006 0.000 127.000 0.000
202009 342.719 130.118 403.079
202012 0.000 130.889 0.000
202103 472.839 131.771 549.142
202106 0.000 134.084 0.000
202109 626.880 135.847 706.193
202112 0.000 138.161 0.000
202203 726.511 138.822 800.892
202206 0.000 142.347 0.000
202209 839.378 144.661 887.964
202212 0.000 145.763 0.000
202303 923.788 146.865 962.597
202306 0.000 150.280 0.000
202309 960.054 151.492 969.829
202312 0.000 152.924 0.000
202403 1,060.110 153.035 1,060.110

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.


Available Finance  (BOM:531310) 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.


Available Finance Cyclically Adjusted PB Ratio Related Terms

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


Available Finance (BOM:531310) Business Description

Traded in Other Exchanges
N/A
Address
5, Yeshwant Colony, Agarwal House, Indore, MP, IND, 452003
Available Finance Ltd is a non-banking financial company. It offers finance and investment services. Its core business activities include providing loans and advances. Its objective is to provide money with or without security to individuals and bodies corporate. The company also acquires, hold, sell, buy, and deal in any shares, stocks, debentures, bonds, mortgages, obligations, and other securities. It generates revenue in the form of interest on loans.

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