Bajaj Electricals (BOM:500031) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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.

BOM:500031 Bajaj Electricals Ltd BOM:500031
63 GF Score
Price ₹355.15
GF Value ₹644.86
Valuation Possible Value Trap
! 6 Warning Signs
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What is Bajaj Electricals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bajaj Electricals  (BOM:500031) 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.


Bajaj Electricals Cyclically Adjusted PB Ratio Related Terms


Bajaj Electricals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bajaj Electricals'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.

Bajaj Electricals Cyclically Adjusted PB Ratio Chart

Bajaj Electricals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.67 7.74 6.84 3.95 2.31

Bajaj Electricals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 3.79 0.00 2.31 0.00

BOM:500031 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bajaj Electricals'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.


Bajaj Electricals Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bajaj Electricals's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500031
63GF Score
Bajaj Electricals Ltd BOM:500031
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bajaj Electricals 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.

Bajaj Electricals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bajaj Electricals'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Bajaj Electricals Quarterly Data

Book Value per Share CPI Adj_Book
201509 69.703 101.753 114.643
201512 0.000 102.901 0.000
201603 72.838 102.518 118.905
201612 0.000 105.196 0.000
201703 83.131 105.196 132.254
201712 0.000 109.404 0.000
201803 89.540 109.786 136.494
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 100.601 118.202 142.437
201906 0.000 120.880 0.000
201909 94.903 123.175 128.944
201912 0.000 126.235 0.000
202003 118.509 124.705 159.042
202006 0.000 127.000 0.000
202009 125.054 130.118 160.844
202012 0.000 130.889 0.000
202103 137.792 131.771 175.005
202106 0.000 134.084 0.000
202109 142.210 135.847 175.196
202112 0.000 138.161 0.000
202203 150.735 138.822 181.719
202206 0.000 142.347 0.000
202209 155.060 144.661 179.388
202212 0.000 145.763 0.000
202303 165.735 146.865 188.861
202306 0.000 150.280 0.000
202309 117.126 151.492 129.392
202312 0.000 152.924 0.000
202403 125.110 153.035 136.819
202406 0.000 155.789 0.000
202409 126.896 157.882 134.512
202412 0.000 158.323 0.000
202503 149.565 157.552 158.874
202506 0.000 159.755 0.000
202509 148.487 162.289 153.124
202512 0.000 163.281 0.000
202603 138.154 164.272 140.748
202606 0.000 167.357 0.000

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.

Is Bajaj Electricals (BOM:500031) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Electricals stock appears to be undervalued. The current stock price of ₹355.15 is trading 44.9% below its estimated GF Value™ of ₹644.86. GuruFocus considers Bajaj Electricals to be Possible Value Trap.

Key valuation signals for BOM:500031:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹644.86 vs. price of ₹355.15 (44.9% below fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the BOM:500031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Electricals Business Description

Other Exchanges BAJAJELEC:India
Address Senapati Bapat Marg, 27th Floor, One Unity Center, Prabhadevi West, Mumbai, MH, IND, 400013
Bajaj Electricals Ltd is an Indian company that manufactures and sells consumer electrical appliances. The company's operating segment includes Consumer Products and Lighting. The Consumer Products segment, which is the key revenue driver, represents the sale of appliances, fans, and consumer lighting products. The Lighting segment includes professional lighting (B2B) and consumer lighting (B2C). The group has a business presence in India and outside India.
63GF Score

Get the complete analysis for BOM:500031

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

₹355.15
Price
₹644.86
GF Value