Pidilite Industries (BOM:500331) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:500331 Pidilite Industries Ltd BOM:500331
97 GF Score
Price ₹1,620.00
GF Value ₹1,737.29
Valuation Fairly Valued
! 3 Warning Signs
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What is Pidilite Industries Cyclically Adjusted PB Ratio?

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

Pidilite 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 28.71 24.30 27.34 22.87 18.14

Pidilite 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 21.99 0.00 18.14 0.00

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.


BOM:500331
97GF Score
Pidilite Industries Ltd BOM:500331
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Pidilite 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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Pidilite Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.398 105.961 49.232
201612 0.000 105.196 0.000
201703 33.850 105.196 53.462
201706 0.000 107.109 0.000
201709 35.664 109.021 54.351
201712 0.000 109.404 0.000
201803 35.191 109.786 53.256
201806 0.000 111.317 0.000
201809 36.414 115.142 52.544
201812 0.000 115.142 0.000
201903 40.829 118.202 57.389
201906 0.000 120.880 0.000
201909 43.066 123.175 58.090
201912 0.000 126.235 0.000
202003 43.844 124.705 58.414
202006 0.000 127.000 0.000
202009 47.580 130.118 60.754
202012 0.000 130.889 0.000
202103 55.032 131.771 69.388
202106 0.000 134.084 0.000
202109 57.046 135.847 69.769
202112 0.000 138.161 0.000
202203 62.993 138.822 75.392
202206 0.000 142.347 0.000
202209 64.949 144.661 74.595
202212 0.000 145.763 0.000
202303 70.943 146.865 80.257
202306 0.000 150.280 0.000
202309 74.024 151.492 81.184
202312 0.000 152.924 0.000
202403 82.648 153.035 89.729
202406 0.000 155.789 0.000
202409 85.672 157.882 90.156
202412 0.000 158.323 0.000
202503 95.886 157.552 101.116
202506 0.000 159.755 0.000
202509 93.872 162.289 96.103
202512 0.000 163.281 0.000
202603 106.431 164.272 107.645
202606 0.000 166.145 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 Pidilite Industries (BOM:500331) Overvalued in 2026?

Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued. The current stock price of ₹1,620.00 is trading 6.8% below its estimated GF Value™ of ₹1,737.29. GuruFocus considers Pidilite Industries to be Fairly Valued.

Key valuation signals for BOM:500331:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,737.29 vs. price of ₹1,620.00 (6.8% below fair value)
  • GF Score™: 97/100 with 3 warning signs

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 Business Description

Other Exchanges PIDILITIND:India
Address 4V89+5V8, Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri East, Mumbai, MH, IND, 400059
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.
97GF Score

Get the complete analysis for BOM:500331

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

₹1,620.00
Price
₹1,737.29
GF Value