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Price CAGR
How much the SHARE PRICE moved per year, on average, over the period — with each year's gain compounding on the last. It describes what the market did to the stock, not how the business performed.
Example
A share that goes from ₹100 to ₹200 over 5 years has a price CAGR of about 15% a year — not 20%, because each year builds on a bigger base.
Worth knowing
This EXCLUDES dividends, so it understates what a shareholder actually earned. Over long periods dividends have been 30–50% of total stock market returns, and the gap is widest exactly where it matters — high-yield names like PSUs and utilities. The full figure, price plus dividends reinvested, is called total return, and this is not it.