The Federal Bank (BOM:500469) 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:500469 The Federal Bank Ltd BOM:500469
74 GF Score
Price ₹332.80
GF Value ₹238.65
Valuation Significantly Overvalued
! 7 Warning Signs
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What is The Federal Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Federal Bank  (BOM:500469) 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.


The Federal Bank Cyclically Adjusted PB Ratio Related Terms


The Federal Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Federal Bank'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.

The Federal Bank Cyclically Adjusted PB Ratio Chart

The Federal Bank 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 1.31 1.60 1.63 1.89 2.25

The Federal Bank 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 2.06 1.84 2.53 2.25 2.80

The Federal Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, The Federal Bank'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.


The Federal Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, The Federal Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500469
74GF Score
The Federal Bank Ltd BOM:500469
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Federal Bank 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.

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

For example, The Federal Bank'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.

The Federal Bank Quarterly Data

Book Value per Share CPI Adj_Book
200803 22.912 52.407 73.168
200912 64.648 0.000
201003 27.424 65.030 70.576
201009 68.473 0.000
201012 70.768 0.000
201103 29.335 70.768 69.373
201203 32.694 76.889 71.162
201303 36.625 85.687 71.533
201403 40.106 91.425 73.416
201806 111.317 0.000
201809 63.777 115.142 92.699
201906 120.880 0.000
201909 71.288 123.175 96.859
201912 126.235 0.000
202003 75.293 124.705 101.045
202006 127.000 0.000
202009 78.927 130.118 101.516
202012 130.889 0.000
202103 83.756 131.771 106.376
202106 134.084 0.000
202109 87.557 135.847 107.866
202112 138.161 0.000
202203 93.034 138.822 112.158
202206 142.347 0.000
202209 97.668 144.661 112.991
202212 145.763 0.000
202303 106.202 146.865 121.021
202306 150.280 0.000
202309 115.618 151.492 127.726
202312 152.924 0.000
202403 126.987 153.035 138.872
202406 155.789 0.000
202409 136.207 157.882 144.381
202412 158.323 0.000
202503 144.363 157.552 153.348
202506 159.755 0.000
202509 151.458 162.289 156.188
202512 163.281 0.000
202603 166.833 164.272 169.966
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 The Federal Bank (BOM:500469) Overvalued in 2026?

Based on GuruFocus' analysis, The Federal Bank stock appears to be overvalued. The current stock price of ₹332.80 is trading 39.5% above its estimated GF Value™ of ₹238.65. GuruFocus considers The Federal Bank to be Significantly Overvalued.

Key valuation signals for BOM:500469:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹238.65 vs. price of ₹332.80 (39.5% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the BOM:500469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Federal Bank Business Description

Other Exchanges FEDERALBNK:IndiaFEDS:UK
Address Federal Towers, Post Box No.103, Aluva, Ernakulam, KL, IND, 683 101
The Federal Bank Ltd is an India-based commercial banking company. The company operates through a network of branches and ATMs across India. The company's business segments consist of the Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company generates key revenue from the Retail Banking segment, which is engaged in lending of funds, acceptance of deposits, and other banking services to any legal person, including small business customers, on the basis of the status of the borrower, nature of the product, granularity of the exposure, and quantum thereof.
74GF Score

Get the complete analysis for BOM:500469

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

₹332.80
Price
₹238.65
GF Value