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Pidilite IndustriesBOM:500331 +1.71%96 Cyclically Adjusted PB Ratio is 23.58 as of Aug. 07, 2026, which is 6% below its 10-year median of 25.07. GuruFocus rates BOM:500331 with a GF Score™ of 96/100 and a GF Value™ of ₹1,732.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,236 Chemicals companies, Pidilite Industries ranks worse than 80906.07% on this metric.
The historical rank and industry rank for Pidilite Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Pidilite Industries's highest Cyclically Adjusted PB Ratio was 31.18. The lowest was 17.98. And the median was 25.07.
BOM:500331's Cyclically Adjusted PB Ratio is not ranked *
in the Chemicals industry.
Industry Median: 1.61 * Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.
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.
Pidilite Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₹106.431. 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 ₹70.87 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Pidilite Industries (BOM:500331) 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.
Pidilite Industries Cyclically Adjusted PB Ratio Related Terms
Pidilite Industries Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Pidilite 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.
Pidilite Industries Cyclically Adjusted PB Ratio Chart
BOM:500331 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison
For the Specialty Chemicals subindustry, Pidilite 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.
Pidilite Industries Cyclically Adjusted PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Pidilite Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Pidilite Industries's Cyclically Adjusted PB Ratio falls into.
Pidilite 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.
Pidilite Industries's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 23.58 mean?
Pidilite Industries (BOM:500331) has a Cyclically Adjusted PB Ratio of 23.58 as of Aug. 07, 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 Pidilite Industries and its competitors. This is near median its historical median of 25.07. Over the past decade, Pidilite Industries' Cyclically Adjusted PB Ratio has ranged from 17.98 to 31.18. According to the industry distribution chart, Pidilite Industries ranks #999999 out of 1236 companies in the Chemicals industry.
Is Pidilite Industries' Cyclically Adjusted PB Ratio too high?
Pidilite Industries' current Cyclically Adjusted PB Ratio of 23.58 is near median its 10-year median of 25.07. Over the past 10 years, this metric has ranged from a low of 17.98 to a high of 31.18. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. Pidilite Industries' value of 23.58 is 1364.6% above this industry median. Based on the distribution chart, Pidilite Industries ranks #999999 out of 1236 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Pidilite Industries has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pidilite Industries' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Pidilite Industries ranks #999999 out of 1236 companies for Cyclically Adjusted PB Ratio. This places Pidilite Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Pidilite Industries' value of 23.58 is 1364.6% above this benchmark. Historically, Pidilite Industries' own Cyclically Adjusted PB Ratio has ranged from 17.98 to 31.18 over the past decade. While the company's 10-year median is 25.07 vs. the industry median of 1.61, Pidilite Industries 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.61, based on 1,236 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. Pidilite Industries's current Cyclically Adjusted PB Ratio of 23.58 is 1364.6% 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 Pidilite Industries and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pidilite Industries's current Cyclically Adjusted PB Ratio is 23.58, which is near median its own 10-year median of 25.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pidilite Industries stock overvalued right now?
Based on GuruFocus' analysis, Pidilite Industries (BOM:500331) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,732.68, compared to a current price of ₹1,671.00 — trading 3.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 23.58, which is near median its 10-year median of 25.07 and 1364.6% above the Chemicals industry median of 1.61. Pidilite Industries' overall GF Score™ is 96/100 with 3 warning signs 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 Pidilite Industries (BOM:500331), the current Cyclically Adjusted PB Ratio is 23.58 as of Aug. 07, 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 Pidilite Industries (BOM:500331) Overvalued in 2026?
Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued.
The current stock price of ₹1,671.00 is trading 3.6% below its estimated GF Value™ of ₹1,732.68.
GuruFocus considers Pidilite Industries to be Fairly Valued.
Key valuation signals for BOM:500331:
Cyclically Adjusted PB Ratio: 23.58 (near median its 10-year median of 25.07)
GF Value™: ₹1,732.68 vs. price of ₹1,671.00 (3.6% below fair value)
Industry Position: 1364.6% above the Chemicals median (#999999 of 1236)
No single metric tells the full story. See the BOM:500331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India.
96GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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