Saregama India (NSE:SAREGAMA) Cyclically Adjusted Book per Share: ₹55.06 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:SAREGAMA Saregama India Ltd NSE:SAREGAMA
94 GF Score
Price ₹496.50
GF Value ₹526.22
Valuation Fairly Valued
! 11 Warning Signs
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What is Saregama India Cyclically Adjusted Book per Share?

Saregama India NSE:SAREGAMA +1.59% 94 Cyclically Adjusted Book per Share is ₹55.06 as of Mar. 2026. GuruFocus rates NSE:SAREGAMA with a GF Score™ of 94/100 and a GF Value™ of ₹526.22 (Fairly Valued). The stock has 11 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.

Saregama India's adjusted book value per share for the three months ended in Mar. 2026 was ₹88.179. 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 ₹55.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Saregama India's average Cyclically Adjusted Book Growth Rate was 14.30% 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 (2026-07-25), Saregama India's current stock price is ₹496.50. Saregama India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹55.06. Saregama India's Cyclically Adjusted PB Ratio of today is 9.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Saregama India was 13.73. The lowest was 5.83. And the median was 10.40.


Saregama India  (NSE:SAREGAMA) 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.

Saregama India's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=496.50/55.06
=9.02

* 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 Saregama India was 13.73. The lowest was 5.83. And the median was 10.40.


Be Aware

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


Saregama India Cyclically Adjusted Book per Share Related Terms


Saregama India Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Saregama India'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.

Saregama India Cyclically Adjusted Book per Share Chart

Saregama India 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 0.00 0.00 40.69 48.16 55.06

Saregama India 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 48.16 0.00 52.68 0.00 55.06

NSE:SAREGAMA vs NFLX, DIS, WBD: Cyclically Adjusted Book per Share Comparison

For the Entertainment subindustry, Saregama India'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.


Saregama India Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Saregama India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SAREGAMA
94GF Score
Saregama India Ltd NSE:SAREGAMA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saregama India 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, Saregama India'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)
=88.179/164.2724*164.2724
=88.179

Current CPI (Mar. 2026) = 164.2724.

Saregama India Quarterly Data

Book Value per Share CPI Adj_Book
201303 6.477 85.687 12.417
201306 0.000 88.365 0.000
201403 9.524 91.425 17.113
201406 0.000 94.103 0.000
201503 9.641 97.163 16.300
201603 11.216 102.518 17.972
201703 19.523 105.196 30.487
201803 21.924 109.786 32.805
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 24.588 118.202 34.171
201906 0.000 120.880 0.000
201909 24.545 123.175 32.734
201912 0.000 126.235 0.000
202003 22.885 124.705 30.146
202006 0.000 127.000 0.000
202009 26.868 130.118 33.921
202012 28.919 130.889 36.295
202103 29.022 131.771 36.180
202106 32.792 134.084 40.175
202109 36.932 135.847 44.660
202112 72.896 138.161 86.673
202203 71.454 138.822 84.554
202206 73.088 142.347 84.345
202209 75.562 144.661 85.806
202212 78.005 145.763 87.910
202303 69.608 146.865 77.859
202306 0.000 150.280 0.000
202309 74.417 151.492 80.695
202312 0.000 152.924 0.000
202403 76.394 153.035 82.004
202406 0.000 155.789 0.000
202409 80.739 157.882 84.007
202412 0.000 158.323 0.000
202503 82.367 157.552 85.881
202506 0.000 159.755 0.000
202509 86.434 162.289 87.490
202512 0.000 163.281 0.000
202603 88.179 164.272 88.179

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 ₹55.06 mean?
Saregama India (NSE:SAREGAMA) has a Cyclically Adjusted Book per Share of ₹55.06 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 Saregama India and its competitors.
Is Saregama India's Cyclically Adjusted Book per Share too high?
Saregama India's current Cyclically Adjusted Book per Share is ₹55.06. Overall, Saregama India has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saregama India's Cyclically Adjusted Book per Share compare to NFLX and DIS?
Saregama India's Cyclically Adjusted Book per Share of ₹55.06 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Cyclically Adjusted Book per Share depends on the Media - Diversified 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 Saregama India and its competitors. Saregama India's current Cyclically Adjusted Book per Share is ₹55.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saregama India stock overvalued right now?
Based on GuruFocus' analysis, Saregama India (NSE:SAREGAMA) is currently considered Fairly Valued. The stock's GF Value™ is ₹526.22, compared to a current price of ₹496.50 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₹55.06. Saregama India's overall GF Score™ is 94/100 with 11 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 Saregama India (NSE:SAREGAMA), the current Cyclically Adjusted Book per Share is ₹55.06 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 Saregama India (NSE:SAREGAMA) Overvalued in 2026?

Based on GuruFocus' analysis, Saregama India stock appears to be undervalued. The current stock price of ₹496.50 is trading 5.6% below its estimated GF Value™ of ₹526.22. GuruFocus considers Saregama India to be Fairly Valued.

Key valuation signals for NSE:SAREGAMA:

  • Cyclically Adjusted Book per Share: ₹55.06
  • GF Value™: ₹526.22 vs. price of ₹496.50 (5.6% below fair value)
  • GF Score™: 94/100 with 11 warning signs

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


Saregama India Business Description

Other Exchanges 532163:India
Address Building 30, Forjett Street, Grant Road West, 2nd Floor, Spencer Building, Mumbai, MH, IND, 400 036
Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine 'OPEN' through its publication business. The firm derives a majority of its revenue from the Music segment.
94GF Score

Get the complete analysis for NSE:SAREGAMA

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

₹496.50
Price
₹526.22
GF Value