Sanofi India (BOM:500674) Cyclically Adjusted PB Ratio: 3.40 (As of Sep. 14, 2026) — 23% Below Median

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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:500674 Sanofi India Ltd BOM:500674
78 GF Score
Price ₹3,079.85
GF Value ₹4,432.40
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Sanofi India Cyclically Adjusted PB Ratio?

Sanofi India BOM:500674 -0.87% 78 Cyclically Adjusted PB Ratio is 3.40 as of Sep. 14, 2026, which is 23% below its 10-year median of 4.40. GuruFocus rates BOM:500674 with a GF Score™ of 78/100 and a GF Value™ of ₹4,432.40 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 636 Drug Manufacturers companies, Sanofi India ranks worse than 75.94% on this metric.

As of today (2026-09-14), Sanofi India's current share price is ₹3079.85. Sanofi India's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹906.69. Sanofi India's Cyclically Adjusted PB Ratio for today is 3.40.

The historical rank and industry rank for Sanofi India's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:500674' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.9   Med: 4.4   Max: 7.38
Current: 3.4

During the past years, Sanofi India's highest Cyclically Adjusted PB Ratio was 7.38. The lowest was 2.90. And the median was 4.40.

BOM:500674's Cyclically Adjusted PB Ratio is ranked worse than
75.94% of 636 companies
in the Drug Manufacturers industry
Industry Median: 1.685 vs BOM:500674: 3.40

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.

Sanofi India's adjusted book value per share data for the three months ended in Jun. 2026 was ₹358.647. 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 ₹906.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanofi India  (BOM:500674) 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.


Sanofi India Cyclically Adjusted PB Ratio Related Terms


Sanofi India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sanofi India'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.

Sanofi India Cyclically Adjusted PB Ratio Chart

Sanofi India Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.38 3.17 4.41 6.26 4.42

Sanofi India 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 6.72 0.00 4.42 0.00 3.76

BOM:500674 vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Sanofi India'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.


Sanofi India Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Sanofi India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500674
78GF Score
Sanofi India Ltd BOM:500674
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanofi India 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.

Sanofi India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3079.85/906.69
=3.40

* 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.

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

For example, Sanofi India'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)
=358.647/167.3573*167.3573
=358.647

Current CPI (Jun. 2026) = 167.3573.

Sanofi India Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 817.594 105.196 1,300.718
201703 0.000 105.196 0.000
201706 817.159 107.109 1,276.811
201709 0.000 109.021 0.000
201712 879.858 109.404 1,345.936
201803 0.000 109.786 0.000
201806 896.487 111.317 1,347.811
201809 0.000 115.142 0.000
201812 963.571 115.142 1,400.538
201903 0.000 118.202 0.000
201906 968.434 120.880 1,340.791
201909 0.000 123.175 0.000
201912 1,060.440 126.235 1,405.885
202003 0.000 124.705 0.000
202006 1,157.266 127.000 1,525.011
202009 0.000 130.118 0.000
202012 920.064 130.889 1,176.411
202103 0.000 131.771 0.000
202106 697.017 134.084 869.982
202109 0.000 135.847 0.000
202112 966.350 138.161 1,170.562
202203 0.000 138.822 0.000
202206 631.627 142.347 742.601
202209 0.000 144.661 0.000
202212 553.949 145.763 636.016
202303 0.000 146.865 0.000
202306 314.446 150.280 350.178
202309 0.000 151.492 0.000
202312 440.797 152.924 482.399
202403 0.000 153.035 0.000
202406 297.252 155.789 319.325
202409 0.000 157.882 0.000
202412 373.670 158.323 394.993
202503 0.000 157.552 0.000
202506 339.586 159.755 355.746
202509 0.000 162.289 0.000
202512 325.301 163.281 333.423
202603 0.000 164.272 0.000
202606 358.647 167.357 358.647

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.

What does a Cyclically Adjusted PB Ratio of 3.40 mean?
Sanofi India (BOM:500674) has a Cyclically Adjusted PB Ratio of 3.40 as of Sep. 14, 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 Sanofi India and its competitors. This is 23% below median its historical median of 4.40. Over the past decade, Sanofi India's Cyclically Adjusted PB Ratio has ranged from 2.90 to 7.38. According to the industry distribution chart, Sanofi India ranks #483 out of 636 companies in the Drug Manufacturers industry, placing it in the top 75.9%.
Is Sanofi India's Cyclically Adjusted PB Ratio too high?
Sanofi India's current Cyclically Adjusted PB Ratio of 3.40 is 23% below median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 7.38. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.69. Sanofi India's value of 3.40 is 101.8% above this industry median. Based on the distribution chart, Sanofi India ranks #483 out of 636 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Sanofi India has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sanofi India's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Sanofi India ranks #483 out of 636 companies for Cyclically Adjusted PB Ratio. This places Sanofi India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Sanofi India's value of 3.40 is 101.8% above this benchmark. Historically, Sanofi India's own Cyclically Adjusted PB Ratio has ranged from 2.90 to 7.38 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 1.69, Sanofi India 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.69, based on 636 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. Sanofi India's current Cyclically Adjusted PB Ratio of 3.40 is 101.8% 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 Sanofi India and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanofi India's current Cyclically Adjusted PB Ratio is 3.40, which is 23% below median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanofi India stock overvalued right now?
Based on GuruFocus' analysis, Sanofi India (BOM:500674) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4,432.40, compared to a current price of ₹3,079.85 — trading 30.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.40, which is 23% below median its 10-year median of 4.40 and 101.8% above the Drug Manufacturers industry median of 1.69. Sanofi India's overall GF Score™ is 78/100 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 Sanofi India (BOM:500674), the current Cyclically Adjusted PB Ratio is 3.40 as of Sep. 14, 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 Sanofi India (BOM:500674) Overvalued in 2026?

Based on GuruFocus' analysis, Sanofi India stock appears to be undervalued. The current stock price of ₹3,079.85 is trading 30.5% below its estimated GF Value™ of ₹4,432.40. GuruFocus considers Sanofi India to be Significantly Undervalued.

Key valuation signals for BOM:500674:

  • Cyclically Adjusted PB Ratio: 3.40 (23% below median its 10-year median of 4.40)
  • GF Value™: ₹4,432.40 vs. price of ₹3,079.85 (30.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 101.8% above the Drug Manufacturers median (#483 of 636)

No single metric tells the full story. See the BOM:500674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanofi India Business Description

Other Exchanges SANOFI:India
Address Saki Vihar Road, Sanofi House, CTS Number 117-B, L&T Business Park, Powai, Mumbai, MH, IND, 400072
Sanofi India Ltd is engaged in the business of manufacturing and trading of drugs and pharmaceuticals. It focuses on a range of therapeutic areas, including diabetes, cardiology, consumer healthcare, hospital, central nervous system, and anti-histamines, among others, and sells its products through independent distributors predominantly in India. The company's products are manufactured in different types of dosage forms, including tablets, capsules (hard and soft), Eye/Ear drops, ampoules, vials, creams, and ointments, and are marketed under different brand names such as Soframycin, Lantus, Cardace, Soliqua, Solian, Thyrogen, Telcite, Zolineg, etc. Geographically, the company generates a majority of its revenue from India, followed by Singapore, and Other markets.
78GF Score

Get the complete analysis for BOM:500674

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

₹3,079.85
Price
₹4,432.40
GF Value