Garware Hi-Tech Films (BOM:500655) Cyclically Adjusted PB Ratio: (As of Sep. 06, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BOM:500655 Garware Hi-Tech Films Ltd BOM:500655
62 GF Score
Price ₹7,090.70
GF Value ₹3,866.86
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Garware Hi-Tech Films Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Garware Hi-Tech Films  (BOM:500655) 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.


Garware Hi-Tech Films Cyclically Adjusted PB Ratio Related Terms


Garware Hi-Tech Films Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Garware Hi-Tech Films'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.

Garware Hi-Tech Films Cyclically Adjusted PB Ratio Chart

Garware Hi-Tech Films 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 0.00 0.00 0.00 5.80 4.12

Garware Hi-Tech Films 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 3.91 0.00 4.12 0.00

BOM:500655 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.


Garware Hi-Tech Films Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Cyclically Adjusted PB Ratio falls into.


BOM:500655
62GF Score
Garware Hi-Tech Films Ltd BOM:500655
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garware Hi-Tech Films 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.

Garware Hi-Tech Films's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Garware Hi-Tech Films'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.

Garware Hi-Tech Films Quarterly Data

Book Value per Share CPI Adj_Book
201203 220.114 76.889 479.104
201303 255.920 85.687 499.843
201403 260.744 91.425 477.303
201503 243.924 97.163 420.145
201603 521.886 102.518 851.959
201703 539.691 105.196 858.599
201803 556.073 109.786 847.672
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 590.639 118.202 836.261
201906 0.000 120.880 0.000
201909 601.687 123.175 817.509
201912 0.000 126.235 0.000
202003 604.220 124.705 810.878
202006 0.000 127.000 0.000
202009 636.596 130.118 818.788
202012 0.000 130.889 0.000
202103 673.018 131.771 854.778
202106 0.000 134.084 0.000
202109 704.003 135.847 867.300
202112 0.000 138.161 0.000
202203 736.432 138.822 887.809
202206 0.000 142.347 0.000
202209 771.010 144.661 891.975
202212 0.000 145.763 0.000
202303 798.820 146.865 910.283
202306 0.000 150.280 0.000
202309 829.158 151.492 915.993
202312 0.000 152.924 0.000
202403 880.165 153.035 962.541
202406 0.000 155.789 0.000
202409 959.655 157.882 1,017.247
202412 0.000 158.323 0.000
202503 1,020.915 157.552 1,084.454
202506 0.000 159.755 0.000
202509 1,078.908 162.289 1,112.601
202512 0.000 163.281 0.000
202603 1,143.320 164.272 1,164.791
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 Garware Hi-Tech Films (BOM:500655) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Hi-Tech Films stock appears to be overvalued. The current stock price of ₹7,090.70 is trading 83.4% above its estimated GF Value™ of ₹3,866.86. GuruFocus considers Garware Hi-Tech Films to be Significantly Overvalued.

Key valuation signals for BOM:500655:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3,866.86 vs. price of ₹7,090.70 (83.4% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the BOM:500655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garware Hi-Tech Films Business Description

Other Exchanges GRWRHITECH:India
Address 50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057
Garware Hi-Tech Films Ltd is engaged in the business of manufacturing & Trading of specialty performance polyester Films like Sun Control window films used in Automobiles, Buildings, Paint Protection Films used in Automobiles and a variety of other specialty polyester films such as PET Shrink films used for Label applications, Low Oligomer PET films used for insulation of hermetically sealed compressors motors, Electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc. The company leverages its nano-dispersion and other cutting-edge technologies and other cutting-edge technologies to maintain its market. Geographically, the company derives maximum revenue from USA customers. It has one segment: Polyester films.
62GF Score

Get the complete analysis for BOM:500655

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

₹7,090.70
Price
₹3,866.86
GF Value