Exide Industries (BOM:500086) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: 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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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:500086 Exide Industries Ltd BOM:500086
73 GF Score
Price ₹483.10
GF Value ₹414.02
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Exide Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Exide Industries  (BOM:500086) 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.


Exide Industries Cyclically Adjusted PB Ratio Related Terms


Exide Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Exide Industries'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.

Exide Industries Cyclically Adjusted PB Ratio Chart

Exide Industries 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 3.75 2.47

Exide Industries 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 3.62 0.00 2.47 0.00

BOM:500086 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Exide Industries'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.


Exide Industries Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500086
73GF Score
Exide Industries Ltd BOM:500086
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exide Industries 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.

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

For example, Exide Industries'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Exide Industries Quarterly Data

Book Value per Share CPI Adj_Book
201203 31.616 76.889 68.318
201303 36.232 85.687 70.253
201403 40.702 91.425 73.967
201503 46.973 97.163 80.322
201603 51.645 102.518 83.698
201703 59.202 105.196 93.503
201803 63.873 109.786 96.662
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 71.845 118.202 100.986
201906 0.000 120.880 0.000
201909 76.491 123.175 103.175
201912 0.000 126.235 0.000
202003 76.086 124.705 101.370
202006 0.000 127.000 0.000
202009 80.166 130.118 102.363
202012 0.000 130.889 0.000
202103 85.556 131.771 107.875
202106 0.000 134.084 0.000
202109 89.630 135.847 109.620
202112 0.000 138.161 0.000
202203 124.515 138.822 149.023
202206 0.000 142.347 0.000
202209 128.957 144.661 148.109
202212 0.000 145.763 0.000
202303 130.968 146.865 148.162
202306 0.000 150.280 0.000
202309 147.337 151.492 161.588
202312 0.000 152.924 0.000
202403 151.604 153.035 164.592
202406 0.000 155.789 0.000
202409 162.650 157.882 171.163
202412 0.000 158.323 0.000
202503 163.688 157.552 172.616
202506 0.000 159.755 0.000
202509 173.232 162.289 177.348
202512 0.000 163.281 0.000
202603 163.586 164.272 165.451
202606 0.000 166.145 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 Exide Industries (BOM:500086) Overvalued in 2026?

Based on GuruFocus' analysis, Exide Industries stock appears to be overvalued. The current stock price of ₹483.10 is trading 16.7% above its estimated GF Value™ of ₹414.02. GuruFocus considers Exide Industries to be Modestly Overvalued.

Key valuation signals for BOM:500086:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹414.02 vs. price of ₹483.10 (16.7% above fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the BOM:500086 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Exide Industries Business Description

Other Exchanges EXIDEIND:India
Address 59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020
Exide Industries Ltd is mainly engaged in the manufacturing of Storage Batteries and allied products in India. The company's products are Four Wheeler Batteries, Three Wheeler Batteries, Two Wheeler Batteries, E-Rickshaw Batteries, INVERTER SYSTEMS, Inverter Batteries, Institutional UPS Batteries, GENSET BATTERIES, Exide's Solar Portfolio, INFRASTRUCTURE BATTERIES, Battery Energy Storage Solution, SUBMARINE BATTERIES, etc. The Company has identified two operating segments viz, Automotive and Industrial. The two operating segments have been aggregated as single operating segment of storage batteries and allied products. The The Company mainly operates in India and also generates majority of revenue from India followed by Overseas.
73GF Score

Get the complete analysis for BOM:500086

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

₹483.10
Price
₹414.02
GF Value