Grasim Industries (BOM:500300) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:500300 Grasim Industries Ltd BOM:500300
79 GF Score
Price ₹3,171.00
GF Value ₹2,966.31
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Grasim Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grasim Industries  (BOM:500300) 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.


Grasim Industries Cyclically Adjusted PB Ratio Related Terms


Grasim Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grasim 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.

Grasim Industries Cyclically Adjusted PB Ratio Chart

Grasim 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 1.26 1.10 1.40 1.44 1.27

Grasim 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 1.55 1.44 1.47 1.28 1.53

BOM:500300 vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Grasim 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.


Grasim Industries Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grasim Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500300
79GF Score
Grasim Industries Ltd BOM:500300
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grasim 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.

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

For example, Grasim 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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Grasim Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 822.510 105.961 1,299.090
201612 105.196 0.000
201703 876.600 105.196 1,394.591
201706 107.109 0.000
201709 1,248.744 109.021 1,916.930
201712 1,262.361 109.404 1,931.058
201803 1,268.110 109.786 1,933.094
201806 111.317 0.000
201809 1,251.899 115.142 1,819.619
201812 1,271.924 115.142 1,848.725
201903 1,340.726 118.202 1,898.277
201906 120.880 0.000
201909 1,341.988 123.175 1,823.353
201912 126.235 0.000
202003 1,376.882 124.705 1,847.809
202006 127.000 0.000
202009 1,446.385 130.118 1,860.337
202012 130.889 0.000
202103 1,555.425 131.771 1,975.493
202106 134.084 0.000
202109 1,650.954 135.847 2,033.900
202112 138.161 0.000
202203 1,761.784 138.822 2,123.927
202206 142.347 0.000
202209 1,786.578 144.661 2,066.878
202212 1,854.710 145.763 2,129.482
202303 1,864.889 146.865 2,125.106
202306 1,946.302 150.280 2,167.472
202309 1,979.979 151.492 2,187.336
202312 2,064.416 152.924 2,259.256
202403 2,047.857 153.035 2,239.520
202406 155.789 0.000
202409 2,183.273 157.882 2,314.299
202412 158.323 0.000
202503 2,325.855 157.552 2,470.610
202506 159.755 0.000
202509 2,390.541 162.289 2,465.195
202512 163.281 0.000
202603 2,504.454 164.272 2,551.486
202606 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 Grasim Industries (BOM:500300) Overvalued in 2026?

Based on GuruFocus' analysis, Grasim Industries stock appears to be overvalued. The current stock price of ₹3,171.00 is trading 6.9% above its estimated GF Value™ of ₹2,966.31. GuruFocus considers Grasim Industries to be Fairly Valued.

Key valuation signals for BOM:500300:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹2,966.31 vs. price of ₹3,171.00 (6.9% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the BOM:500300 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grasim Industries Business Description

Other Exchanges GRASIM:India
Address Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030
Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports.
79GF Score

Get the complete analysis for BOM:500300

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

₹3,171.00
Price
₹2,966.31
GF Value