The South Indian Bank (NSE:SOUTHBANK) Cyclically Adjusted Book per Share: ₹36.81 (As of Jun. 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:SOUTHBANK The South Indian Bank Ltd NSE:SOUTHBANK
62 GF Score
Price ₹47.28
GF Value ₹25.86
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is The South Indian Bank Cyclically Adjusted Book per Share?

The South Indian Bank NSE:SOUTHBANK +2.38% 62 Cyclically Adjusted Book per Share is ₹36.81 as of Jun. 2026. GuruFocus rates NSE:SOUTHBANK with a GF Score™ of 62/100 and a GF Value™ of ₹25.86 (Significantly Overvalued). The stock has 8 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.

The South Indian Bank's adjusted book value per share for the three months ended in Jun. 2026 was ₹45.128. 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 ₹36.81 for the trailing ten years ended in Jun. 2026.

During the past 12 months, The South Indian Bank's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of The South Indian Bank was 6.20% per year. The lowest was 3.50% per year. And the median was 4.45% per year.

As of today (2026-07-22), The South Indian Bank's current stock price is ₹47.28. The South Indian Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹36.81. The South Indian Bank's Cyclically Adjusted PB Ratio of today is 1.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The South Indian Bank was 1.34. The lowest was 0.17. And the median was 0.70.


The South Indian Bank  (NSE:SOUTHBANK) 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.

The South Indian Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.28/36.81
=1.28

* 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 The South Indian Bank was 1.34. The lowest was 0.17. And the median was 0.70.


Be Aware

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


The South Indian Bank Cyclically Adjusted Book per Share Related Terms


The South Indian Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for The South Indian Bank'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.

The South Indian Bank Cyclically Adjusted Book per Share Chart

The South Indian Bank 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 30.41 31.55 32.50 33.84 36.13

The South Indian Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 34.52 35.20 35.67 36.13 36.81

The South Indian Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, The South Indian Bank'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.


The South Indian Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, The South Indian Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The South Indian Bank's Cyclically Adjusted PB Ratio falls into.


NSE:SOUTHBANK
62GF Score
The South Indian Bank Ltd NSE:SOUTHBANK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The South Indian Bank 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, The South Indian Bank's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=45.128/166.1454*166.1454
=45.128

Current CPI (Jun. 2026) = 166.1454.

The South Indian Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 24.708 105.196 39.024
201706 0.000 107.109 0.000
201709 25.359 109.021 38.646
201712 0.000 109.404 0.000
201803 26.631 109.786 40.302
201806 0.000 111.317 0.000
201809 26.661 115.142 38.471
201812 0.000 115.142 0.000
201903 27.095 118.202 38.085
201906 0.000 120.880 0.000
201909 28.173 123.175 38.001
201912 0.000 126.235 0.000
202003 27.806 124.705 37.046
202006 0.000 127.000 0.000
202009 24.825 130.118 31.699
202012 0.000 130.889 0.000
202103 25.503 131.771 32.156
202106 0.000 134.084 0.000
202109 24.727 135.847 30.242
202112 0.000 138.161 0.000
202203 25.701 138.822 30.760
202206 26.444 142.347 30.865
202209 27.424 144.661 31.497
202212 27.877 145.763 31.775
202303 29.303 146.865 33.150
202306 30.192 150.280 33.379
202309 31.126 151.492 34.137
202312 32.471 152.924 35.278
202403 33.741 153.035 36.632
202406 35.004 155.789 37.331
202409 35.928 157.882 37.808
202412 37.236 158.323 39.076
202503 38.635 157.552 40.742
202506 39.802 159.755 41.394
202509 40.684 162.289 41.651
202512 42.117 163.281 42.856
202603 43.614 164.272 44.111
202606 45.128 166.145 45.128

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 ₹36.81 mean?
The South Indian Bank (NSE:SOUTHBANK) has a Cyclically Adjusted Book per Share of ₹36.81 as of Jun. 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 The South Indian Bank and its competitors.
Is The South Indian Bank's Cyclically Adjusted Book per Share too high?
The South Indian Bank's current Cyclically Adjusted Book per Share is ₹36.81. Overall, The South Indian Bank has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The South Indian Bank's Cyclically Adjusted Book per Share compare to competitors?
The South Indian Bank's Cyclically Adjusted Book per Share of ₹36.81 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 The South Indian Bank and its competitors. The South Indian Bank's current Cyclically Adjusted Book per Share is ₹36.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The South Indian Bank stock overvalued right now?
Based on GuruFocus' analysis, The South Indian Bank (NSE:SOUTHBANK) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹25.86, compared to a current price of ₹47.28 — trading 82.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₹36.81. The South Indian Bank's overall GF Score™ is 62/100 with 8 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 The South Indian Bank (NSE:SOUTHBANK), the current Cyclically Adjusted Book per Share is ₹36.81 as of Jun. 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 The South Indian Bank (NSE:SOUTHBANK) Overvalued in 2026?

Based on GuruFocus' analysis, The South Indian Bank stock appears to be overvalued. The current stock price of ₹47.28 is trading 82.8% above its estimated GF Value™ of ₹25.86. GuruFocus considers The South Indian Bank to be Significantly Overvalued.

Key valuation signals for NSE:SOUTHBANK:

  • Cyclically Adjusted Book per Share: ₹36.81
  • GF Value™: ₹25.86 vs. price of ₹47.28 (82.8% above fair value)
  • GF Score™: 62/100 with 8 warning signs

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


The South Indian Bank Business Description

Other Exchanges 532218:India
Address TB Road, SIB House, Mission Quarters, Thrissur, KL, IND, 680001
The South Indian Bank Ltd operates in the Indian banking sector. The company's operating segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking operations. Corporate/Wholesale Banking segment provides loans to the corporate segment identified based on RBI guidelines. The Retail Banking segment provides loans to non-corporate customers. Treasury segment constitutes interest earnings on investment portfolios and foreign exchange activities. The Other Banking Operations segment includes income from para-banking activities. It generates maximum revenue from the Retail Banking segment. Geographically, it operates in India.
62GF Score

Get the complete analysis for NSE:SOUTHBANK

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

₹47.28
Price
₹25.86
GF Value