GTN Industries (BOM:500170) Cyclically Adjusted PB Ratio: (As of Sep. 07, 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.
Reviewed by: Charlie Tian Charlie Tian
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:500170 GTN Industries Ltd BOM:500170
59 GF Score
Price ₹23.66
GF Value ₹31.36
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is GTN Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GTN Industries  (BOM:500170) 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.


GTN Industries Cyclically Adjusted PB Ratio Related Terms


GTN Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GTN 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.

GTN Industries Cyclically Adjusted PB Ratio Chart

GTN 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 1.30 0.58 0.64 0.52 0.41

GTN 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 0.52 0.00 0.41 0.00

GTN Industries Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, GTN 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.


GTN Industries Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GTN Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500170
59GF Score
GTN Industries Ltd BOM:500170
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GTN 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.

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

For example, GTN 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.

GTN Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 43.506 105.961 68.714
201612 0.000 105.196 0.000
201703 33.170 105.196 52.770
201706 0.000 107.109 0.000
201709 34.327 109.021 52.695
201712 0.000 109.404 0.000
201803 37.361 109.786 56.953
201806 0.000 111.317 0.000
201809 33.797 115.142 49.124
201812 0.000 115.142 0.000
201903 32.743 118.202 46.359
201906 0.000 120.880 0.000
201909 31.665 123.175 43.023
201912 0.000 126.235 0.000
202003 29.571 124.705 39.685
202006 0.000 127.000 0.000
202009 24.565 130.118 31.595
202012 0.000 130.889 0.000
202103 26.088 131.771 33.133
202106 0.000 134.084 0.000
202109 25.986 135.847 32.014
202112 0.000 138.161 0.000
202203 45.894 138.822 55.328
202206 0.000 142.347 0.000
202209 56.722 144.661 65.621
202212 0.000 145.763 0.000
202303 54.769 146.865 62.411
202306 0.000 150.280 0.000
202309 53.119 151.492 58.682
202312 0.000 152.924 0.000
202403 50.194 153.035 54.892
202406 0.000 155.789 0.000
202409 49.648 157.882 52.628
202412 0.000 158.323 0.000
202503 47.551 157.552 50.510
202506 0.000 159.755 0.000
202509 45.724 162.289 47.152
202512 0.000 163.281 0.000
202603 41.435 164.272 42.213
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 GTN Industries (BOM:500170) Overvalued in 2026?

Based on GuruFocus' analysis, GTN Industries stock appears to be undervalued. The current stock price of ₹23.66 is trading 24.6% below its estimated GF Value™ of ₹31.36. GuruFocus considers GTN Industries to be Modestly Undervalued.

Key valuation signals for BOM:500170:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹31.36 vs. price of ₹23.66 (24.6% below fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the BOM:500170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GTN Industries Business Description

Address Plot No.29, Nagarjuna Hills, Punjagutta, Hyderabad, TG, IND, 500082
GTN Industries Ltd is engaged in the business of manufacturing and export of cotton yarn. Principally, it is also involved in the spinning and doubling of yarn. The textile division offers a range of grey yarns, knitted fabrics, knitted socks, and knitted lifestyle garments. The company's production facilities are located in the state of Telangana and Maharashtra, India.
59GF Score

Get the complete analysis for BOM:500170

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

₹23.66
Price
₹31.36
GF Value