CRISIL (BOM:500092) Cyclically Adjusted PB Ratio: 15.96 (As of Aug. 21, 2026) — Near Median

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BOM:500092 CRISIL Ltd BOM:500092
96 GF Score
Price ₹4,478.70
GF Value ₹5,824.89
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is CRISIL Cyclically Adjusted PB Ratio?

CRISIL BOM:500092 -0.50% 96 Cyclically Adjusted PB Ratio is 15.96 as of Aug. 21, 2026, which is 8% below its 10-year median of 17.28. GuruFocus rates BOM:500092 with a GF Score™ of 96/100 and a GF Value™ of ₹5,824.89 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 566 Capital Markets companies, CRISIL ranks worse than 97.17% on this metric.

As of today (2026-08-21), CRISIL's current share price is ₹4478.70. CRISIL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹280.70. CRISIL's Cyclically Adjusted PB Ratio for today is 15.96.

The historical rank and industry rank for CRISIL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:500092' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.85   Med: 17.28   Max: 25.63
Current: 15.96

During the past years, CRISIL's highest Cyclically Adjusted PB Ratio was 25.63. The lowest was 8.85. And the median was 17.28.

BOM:500092's Cyclically Adjusted PB Ratio is ranked worse than
97.17% of 566 companies
in the Capital Markets industry
Industry Median: 1.305 vs BOM:500092: 15.96

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.

CRISIL's adjusted book value per share data for the three months ended in Jun. 2026 was ₹447.335. 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 ₹280.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CRISIL  (BOM:500092) 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.


CRISIL Cyclically Adjusted PB Ratio Related Terms


CRISIL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CRISIL'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.

CRISIL Cyclically Adjusted PB Ratio Chart

CRISIL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.57 15.78 20.04 28.09 16.36

CRISIL 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 24.30 0.00 16.36 0.00 14.54

BOM:500092 vs SPGI, CME, ICE: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, CRISIL'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.


CRISIL Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CRISIL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500092
96GF Score
CRISIL Ltd BOM:500092
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CRISIL 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.

CRISIL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4478.70/280.70
=15.96

* 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.

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

For example, CRISIL'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)
=447.335/167.3573*167.3573
=447.335

Current CPI (Jun. 2026) = 167.3573.

CRISIL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 138.133 105.196 219.757
201703 0.000 105.196 0.000
201706 141.309 107.109 220.795
201709 0.000 109.021 0.000
201712 146.234 109.404 223.697
201803 0.000 109.786 0.000
201806 150.790 111.317 226.703
201809 0.000 115.142 0.000
201812 157.559 115.142 229.010
201903 0.000 118.202 0.000
201906 158.973 120.880 220.097
201909 0.000 123.175 0.000
201912 162.082 126.235 214.881
202003 0.000 124.705 0.000
202006 170.547 127.000 224.742
202009 0.000 130.118 0.000
202012 180.708 130.889 231.057
202103 0.000 131.771 0.000
202106 197.072 134.084 245.976
202109 0.000 135.847 0.000
202112 216.614 138.161 262.390
202203 0.000 138.822 0.000
202206 215.279 142.347 253.103
202209 0.000 144.661 0.000
202212 245.262 145.763 281.597
202303 0.000 146.865 0.000
202306 263.366 150.280 293.294
202309 0.000 151.492 0.000
202312 299.431 152.924 327.691
202403 0.000 153.035 0.000
202406 307.300 155.789 330.119
202409 0.000 157.882 0.000
202412 350.721 158.323 370.734
202503 0.000 157.552 0.000
202506 385.144 159.755 403.471
202509 0.000 162.289 0.000
202512 414.801 163.281 425.157
202603 0.000 164.272 0.000
202606 447.335 167.357 447.335

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.

What does a Cyclically Adjusted PB Ratio of 15.96 mean?
CRISIL (BOM:500092) has a Cyclically Adjusted PB Ratio of 15.96 as of Aug. 21, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CRISIL and its competitors. This is near median its historical median of 17.28. Over the past decade, CRISIL's Cyclically Adjusted PB Ratio has ranged from 8.85 to 25.63. According to the industry distribution chart, CRISIL ranks #550 out of 566 companies in the Capital Markets industry, placing it in the top 97.2%.
Is CRISIL's Cyclically Adjusted PB Ratio too high?
CRISIL's current Cyclically Adjusted PB Ratio of 15.96 is near median its 10-year median of 17.28. Over the past 10 years, this metric has ranged from a low of 8.85 to a high of 25.63. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.31. CRISIL's value of 15.96 is 1123% above this industry median. Based on the distribution chart, CRISIL ranks #550 out of 566 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, CRISIL has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CRISIL's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, CRISIL ranks #550 out of 566 companies for Cyclically Adjusted PB Ratio. This places CRISIL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.31. CRISIL's value of 15.96 is 1123% above this benchmark. Historically, CRISIL's own Cyclically Adjusted PB Ratio has ranged from 8.85 to 25.63 over the past decade. While the company's 10-year median is 17.28 vs. the industry median of 1.31, CRISIL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.31, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRISIL's current Cyclically Adjusted PB Ratio of 15.96 is 1123% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CRISIL and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRISIL's current Cyclically Adjusted PB Ratio is 15.96, which is near median its own 10-year median of 17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRISIL stock overvalued right now?
Based on GuruFocus' analysis, CRISIL (BOM:500092) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,824.89, compared to a current price of ₹4,478.70 — trading 23.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 15.96, which is near median its 10-year median of 17.28 and 1123% above the Capital Markets industry median of 1.31. CRISIL's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For CRISIL (BOM:500092), the current Cyclically Adjusted PB Ratio is 15.96 as of Aug. 21, 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 CRISIL (BOM:500092) Overvalued in 2026?

Based on GuruFocus' analysis, CRISIL stock appears to be undervalued. The current stock price of ₹4,478.70 is trading 23.1% below its estimated GF Value™ of ₹5,824.89. GuruFocus considers CRISIL to be Modestly Undervalued.

Key valuation signals for BOM:500092:

  • Cyclically Adjusted PB Ratio: 15.96 (near median its 10-year median of 17.28)
  • GF Value™: ₹5,824.89 vs. price of ₹4,478.70 (23.1% below fair value)
  • GF Score™: 96/100 with 1 warning sign
  • Industry Position: 1123% above the Capital Markets median (#550 of 566)

No single metric tells the full story. See the BOM:500092 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CRISIL Business Description

Other Exchanges CRISIL:India
Address Saki Vihar Road, Lightbridge IT Park, Andheri East, Mumbai, MH, IND, 400 072
CRISIL Ltd provides research and analytics solutions for clients of all sizes. It operates through segments of Ratings services, and Research, Analytics & Solutions. The Ratings services segment includes credit ratings for corporates, banks, bank loans, credit analysis services, grading services and analytical services. The Research, Analytics and solutions segment which generates key revenue, includes research and risk solutions, industry reports, customized research assignments, subscription to data services, independent equity research (IER), IPO gradings, training, credit ratings for small and medium enterprises, advisory services and a comprehensive range of risk management tools, analytics and solutions to financial institutions, banks and corporates in India.
96GF Score

Get the complete analysis for BOM:500092

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

₹4,478.70
Price
₹5,824.89
GF Value