Radico Khaitan (NSE:RADICO) Cyclically Adjusted Book per Share: ₹166.74 (As of Mar. 2026)


NSE:RADICO Radico Khaitan Ltd NSE:RADICO
88 GF Score
Price ₹3,892.30
GF Value ₹2,996.02
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Radico Khaitan Cyclically Adjusted Book per Share?

Radico Khaitan NSE:RADICO -2.02% 88 Cyclically Adjusted Book per Share is ₹166.74 as of Mar. 2026. GuruFocus rates NSE:RADICO with a GF Score™ of 88/100 and a GF Value™ of ₹2,996.02 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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.

Radico Khaitan's adjusted book value per share for the three months ended in Mar. 2026 was ₹247.631. 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 ₹166.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Radico Khaitan's average Cyclically Adjusted Book Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Radico Khaitan was 12.30% per year. The lowest was 10.70% per year. And the median was 11.30% per year.

As of today (2026-07-04), Radico Khaitan's current stock price is ₹3892.30. Radico Khaitan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹166.74. Radico Khaitan's Cyclically Adjusted PB Ratio of today is 23.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Radico Khaitan was 22.95. The lowest was 4.59. And the median was 10.60.


Radico Khaitan  (NSE:RADICO) 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.

Radico Khaitan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3892.30/166.74
=23.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Radico Khaitan was 22.95. The lowest was 4.59. And the median was 10.60.


Be Aware

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


Radico Khaitan Cyclically Adjusted Book per Share Related Terms


Radico Khaitan Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Radico Khaitan'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.

Radico Khaitan Cyclically Adjusted Book per Share Chart

Radico Khaitan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.10 121.02 133.94 147.82 166.74

Radico Khaitan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 147.82 0.00 158.19 0.00 166.74

NSE:RADICO vs BF.B: Cyclically Adjusted Book per Share Comparison

For the Beverages - Wineries & Distilleries subindustry, Radico Khaitan'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.


Radico Khaitan Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Radico Khaitan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:RADICO
88GF Score
Radico Khaitan Ltd NSE:RADICO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Radico Khaitan 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, Radico Khaitan's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=247.631/164.2724*164.2724
=247.631

Current CPI (Mar. 2026) = 164.2724.

Radico Khaitan Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 65.321 101.753 105.455
201512 0.000 102.901 0.000
201603 73.460 102.518 117.710
201606 0.000 105.961 0.000
201609 75.395 105.961 116.886
201612 0.000 105.196 0.000
201703 78.482 105.196 122.556
201803 86.781 109.786 129.850
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 100.124 118.202 139.148
201906 0.000 120.880 0.000
201909 108.994 123.175 145.360
201912 0.000 126.235 0.000
202003 115.546 124.705 152.207
202006 0.000 127.000 0.000
202009 122.432 130.118 154.569
202012 0.000 130.889 0.000
202103 134.232 131.771 167.341
202106 0.000 134.084 0.000
202109 141.787 135.847 171.455
202112 0.000 138.161 0.000
202203 151.627 138.822 179.425
202206 0.000 142.347 0.000
202209 157.452 144.661 178.797
202212 0.000 145.763 0.000
202303 165.170 146.865 184.748
202306 0.000 150.280 0.000
202309 172.448 151.492 186.996
202312 0.000 152.924 0.000
202403 182.449 153.035 195.847
202406 0.000 155.789 0.000
202409 191.694 157.882 199.453
202412 0.000 158.323 0.000
202503 205.796 157.552 214.575
202506 0.000 159.755 0.000
202509 222.421 162.289 225.139
202512 0.000 163.281 0.000
202603 247.631 164.272 247.631

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

What does a Cyclically Adjusted Book per Share of ₹166.74 mean?
Radico Khaitan (NSE:RADICO) has a Cyclically Adjusted Book per Share of ₹166.74 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Radico Khaitan and its competitors.
Is Radico Khaitan's Cyclically Adjusted Book per Share too high?
Radico Khaitan's current Cyclically Adjusted Book per Share is ₹166.74. Overall, Radico Khaitan has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Radico Khaitan's Cyclically Adjusted Book per Share compare to BF.B?
Radico Khaitan's Cyclically Adjusted Book per Share of ₹166.74 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Beverages - Alcoholic company?
A good Cyclically Adjusted Book per Share depends on the Beverages - Alcoholic industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Radico Khaitan and its competitors. Radico Khaitan's current Cyclically Adjusted Book per Share is ₹166.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radico Khaitan stock overvalued right now?
Based on GuruFocus' analysis, Radico Khaitan (NSE:RADICO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹2,996.02, compared to a current price of ₹3,892.30 — trading 29.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₹166.74. Radico Khaitan's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Radico Khaitan (NSE:RADICO), the current Cyclically Adjusted Book per Share is ₹166.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Radico Khaitan (NSE:RADICO) Overvalued in 2026?

Based on GuruFocus' analysis, Radico Khaitan stock appears to be overvalued. The current stock price of ₹3,892.30 is trading 29.9% above its estimated GF Value™ of ₹2,996.02. GuruFocus considers Radico Khaitan to be Modestly Overvalued.

Key valuation signals for NSE:RADICO:

  • Cyclically Adjusted Book per Share: ₹166.74
  • GF Value™: ₹2,996.02 vs. price of ₹3,892.30 (29.9% above fair value)
  • GF Score™: 88/100 with 5 warning signs

No single metric tells the full story. See the NSE:RADICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Radico Khaitan Business Description

Other Exchanges 532497:India
Address Mathura Road, Plot No. J-1, Block B-1, Mohan Co-operative Industrial Area, New Delhi, IND, 110044
Radico Khaitan Ltd is an India-based liquor manufacturing company. Its products include whiskey, vodka, rum, brandy, and gin. The company's brand portfolio includes After Dark Whisky, Contessa Rum, Magic Moments Vodka, Morpheus Brandy, Old Admiral Brandy, and 8 PM Whisky among others. It has three distilleries in Rampur, Uttar Pradesh, and one in Aurangabad, Maharashtra. It produces extra neutral alcohol from molasses, as well as grain. It produces malt spirit and aged grain spirit, as well as matured malt spirit. The company operates in a single segment which is manufacturing and trading in Liquor & Alcohol. Geographically, it derives maximum revenue from India and the rest from overseas markets.
88GF Score

Get the complete analysis for NSE:RADICO

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹3,892.30
Price
₹2,996.02
GF Value