Bajaj Hindusthan Sugar (BOM:500032) Cyclically Adjusted PB Ratio: (As of Sep. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:500032 Bajaj Hindusthan Sugar Ltd BOM:500032
53 GF Score
Price ₹21.82
GF Value ₹18.29
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Bajaj Hindusthan Sugar Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bajaj Hindusthan Sugar  (BOM:500032) 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 Hindusthan Sugar Cyclically Adjusted PB Ratio Related Terms


Bajaj Hindusthan Sugar Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bajaj Hindusthan Sugar'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 Hindusthan Sugar Cyclically Adjusted PB Ratio Chart

Bajaj Hindusthan Sugar 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 0.00 0.00 0.00 0.22 0.28

Bajaj Hindusthan Sugar 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 0.26 0.00 0.28 0.00

BOM:500032 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Bajaj Hindusthan Sugar'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 Hindusthan Sugar Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bajaj Hindusthan Sugar's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500032
53GF Score
Bajaj Hindusthan Sugar Ltd BOM:500032
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bajaj Hindusthan Sugar 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 Hindusthan Sugar's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bajaj Hindusthan Sugar'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 Hindusthan Sugar Quarterly Data

Book Value per Share CPI Adj_Book
201109 126.629 75.359 281.219
201209 62.411 82.244 126.999
201403 37.043 91.425 67.809
201503 39.883 97.163 68.696
201603 32.041 102.518 52.306
201703 30.572 105.196 48.637
201803 26.088 109.786 39.768
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 24.634 118.202 34.878
201906 0.000 120.880 0.000
201909 23.519 123.175 31.955
201912 0.000 126.235 0.000
202003 23.793 124.705 31.931
202006 0.000 127.000 0.000
202009 21.913 130.118 28.184
202012 0.000 130.889 0.000
202103 20.927 131.771 26.579
202106 0.000 134.084 0.000
202109 18.294 135.847 22.537
202112 0.000 138.161 0.000
202203 18.153 138.822 21.884
202206 0.000 142.347 0.000
202209 16.484 144.661 19.070
202212 0.000 145.763 0.000
202303 35.552 146.865 40.513
202306 0.000 150.280 0.000
202309 33.965 151.492 37.522
202312 0.000 152.924 0.000
202403 9.322 153.035 10.194
202406 0.000 155.789 0.000
202409 34.819 157.882 36.909
202412 0.000 158.323 0.000
202503 1.215 157.552 1.291
202506 0.000 159.755 0.000
202509 30.542 162.289 31.496
202512 0.000 163.281 0.000
202603 16.064 164.272 16.366
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 Hindusthan Sugar (BOM:500032) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Hindusthan Sugar stock appears to be overvalued. The current stock price of ₹21.82 is trading 19.3% above its estimated GF Value™ of ₹18.29. GuruFocus considers Bajaj Hindusthan Sugar to be Modestly Overvalued.

Key valuation signals for BOM:500032:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹18.29 vs. price of ₹21.82 (19.3% above fair value)
  • GF Score™: 53/100 with 9 warning signs

No single metric tells the full story. See the BOM:500032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Hindusthan Sugar Business Description

Other Exchanges BAJAJHIND:India
Address Jamnalal Bajaj Marg, Bajaj Bhawan, B-10, Sector 3, NCR Delhi, Noida, IND, 201301
Bajaj Hindusthan Sugar Ltd is an Indian company engaged in the manufacture of sugar, alcohol, and the generation of power. Its reportable operating segments are Sugar, Distillery, Power, and Others. It generates maximum revenue from the Sugar segment. The by-products obtained during the sugar manufacturing process are molasses, bagasse, fly ash, and press mud.
53GF Score

Get the complete analysis for BOM:500032

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

₹21.82
Price
₹18.29
GF Value