Thirumalai Chemicals (BOM:500412) Cyclically Adjusted PB Ratio: (As of Aug. 28, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BOM:500412 Thirumalai Chemicals Ltd BOM:500412
57 GF Score
Price ₹159.85
GF Value ₹197.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Thirumalai Chemicals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thirumalai Chemicals  (BOM:500412) 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.


Thirumalai Chemicals Cyclically Adjusted PB Ratio Related Terms


Thirumalai Chemicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thirumalai Chemicals'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.

Thirumalai Chemicals Cyclically Adjusted PB Ratio Chart

Thirumalai Chemicals 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 4.67 2.56 3.00 2.74 1.63

Thirumalai Chemicals 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 2.92 0.00 1.63 0.00

BOM:500412 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Thirumalai Chemicals'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.


Thirumalai Chemicals Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


BOM:500412
57GF Score
Thirumalai Chemicals Ltd BOM:500412
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thirumalai Chemicals 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.

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

For example, Thirumalai Chemicals'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.

Thirumalai Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.420 105.961 40.149
201612 0.000 105.196 0.000
201703 38.893 105.196 61.875
201706 0.000 107.109 0.000
201709 46.233 109.021 70.972
201712 0.000 109.404 0.000
201803 55.960 109.786 85.305
201806 0.000 111.317 0.000
201809 62.039 115.142 90.173
201812 0.000 115.142 0.000
201903 65.227 118.202 92.352
201906 0.000 120.880 0.000
201909 63.131 123.175 85.776
201912 0.000 126.235 0.000
202003 62.326 124.705 83.643
202006 0.000 127.000 0.000
202009 65.162 130.118 83.811
202012 0.000 130.889 0.000
202103 78.386 131.771 99.555
202106 0.000 134.084 0.000
202109 93.582 135.847 115.289
202112 0.000 138.161 0.000
202203 105.970 138.822 127.753
202206 0.000 142.347 0.000
202209 116.255 144.661 134.495
202212 0.000 145.763 0.000
202303 116.412 146.865 132.656
202306 0.000 150.280 0.000
202309 118.458 151.492 130.864
202312 0.000 152.924 0.000
202403 111.948 153.035 122.425
202406 0.000 155.789 0.000
202409 118.142 157.882 125.232
202412 0.000 158.323 0.000
202503 112.872 157.552 119.897
202506 0.000 159.755 0.000
202509 129.146 162.289 133.179
202512 0.000 163.281 0.000
202603 129.702 164.272 132.138
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 Thirumalai Chemicals (BOM:500412) Overvalued in 2026?

Based on GuruFocus' analysis, Thirumalai Chemicals stock appears to be undervalued. The current stock price of ₹159.85 is trading 19.1% below its estimated GF Value™ of ₹197.56. GuruFocus considers Thirumalai Chemicals to be Modestly Undervalued.

Key valuation signals for BOM:500412:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹197.56 vs. price of ₹159.85 (19.1% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the BOM:500412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thirumalai Chemicals Business Description

Other Exchanges TIRUMALCHM:India
Address Road No. 29, Thirumalai House, Plot No. 101-102, Near Sion Hill Fort, Sion (East), Mumbai, MH, IND, 400 022
Thirumalai Chemicals Ltd is an India-based company engaged in the manufacturing and sale of organic chemicals. Its products include phthalic anhydride, malic acid, fumaric acid, and fine chemicals. It serves the plastics, paints, food, cosmetic, pharmaceutical industries, and other industries. Geographically, it earns majority of the revenue from India followed by the rest of the world.
57GF Score

Get the complete analysis for BOM:500412

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

₹159.85
Price
₹197.56
GF Value