Godrej Industries (BOM:500164) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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:500164 Godrej Industries Ltd BOM:500164
75 GF Score
Price ₹1,127.00
GF Value ₹1,237.58
Valuation Fairly Valued
! 8 Warning Signs
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What is Godrej Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Godrej Industries  (BOM:500164) 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.


Godrej Industries Cyclically Adjusted PB Ratio Related Terms


Godrej Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Godrej 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.

Godrej Industries Cyclically Adjusted PB Ratio Chart

Godrej 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 3.00 2.37 4.17 5.51 3.23

Godrej 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 5.49 0.00 3.23 0.00

BOM:500164 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Godrej 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.


Godrej Industries Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Godrej Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500164
75GF Score
Godrej Industries Ltd BOM:500164
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Godrej 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.

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

For example, Godrej 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Godrej Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 94.788 105.961 149.710
201612 0.000 105.196 0.000
201703 80.033 105.196 127.325
201706 0.000 107.109 0.000
201709 96.783 109.021 148.570
201712 0.000 109.404 0.000
201803 99.158 109.786 151.155
201806 0.000 111.317 0.000
201809 124.722 115.142 181.282
201812 0.000 115.142 0.000
201903 129.211 118.202 182.944
201906 0.000 120.880 0.000
201909 167.816 123.175 228.011
201912 0.000 126.235 0.000
202003 172.033 124.705 230.873
202006 0.000 127.000 0.000
202009 180.350 130.118 231.966
202012 0.000 130.889 0.000
202103 224.448 131.771 285.064
202106 0.000 134.084 0.000
202109 199.477 135.847 245.747
202112 0.000 138.161 0.000
202203 211.732 138.822 255.255
202206 0.000 142.347 0.000
202209 218.198 144.661 252.432
202212 0.000 145.763 0.000
202303 237.177 146.865 270.271
202306 0.000 150.280 0.000
202309 244.264 151.492 269.845
202312 0.000 152.924 0.000
202403 237.645 153.035 259.887
202406 0.000 155.789 0.000
202409 252.151 157.882 267.284
202412 0.000 158.323 0.000
202503 301.454 157.552 320.216
202506 0.000 159.755 0.000
202509 308.782 162.289 318.425
202512 0.000 163.281 0.000
202603 331.839 164.272 338.071
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 Godrej Industries (BOM:500164) Overvalued in 2026?

Based on GuruFocus' analysis, Godrej Industries stock appears to be undervalued. The current stock price of ₹1,127.00 is trading 8.9% below its estimated GF Value™ of ₹1,237.58. GuruFocus considers Godrej Industries to be Fairly Valued.

Key valuation signals for BOM:500164:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,237.58 vs. price of ₹1,127.00 (8.9% below fair value)
  • GF Score™: 75/100 with 8 warning signs

No single metric tells the full story. See the BOM:500164 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Godrej Industries Business Description

Other Exchanges GODREJIND:India
Address Eastern Express Highway, Godrej One, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079
Godrej Industries Ltd is an India-based conglomerate with activities in agriculture, chemicals, real estate, consumer goods, and other industries. The firm has eight segments. The estate and property development segment develops, leases, and sells residential and commercial properties. The animal feed segment sells animal feed compounds for cattle, poultry, shrimp, and fish. The vegetable oils segment produces refined vegetable oils. The chemicals segment sells compounds used to make soaps, detergents, and other consumer products. The dairy segment sells milk and milk-based products. The crop protection segment provides pesticides and growth compounds. The two smallest segments account for finance and investments as well as hospitality. The majority of its revenue comes from India.
75GF Score

Get the complete analysis for BOM:500164

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

₹1,127.00
Price
₹1,237.58
GF Value