Zuari Industries (BOM:500780) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

Author: 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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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:500780 Zuari Industries Ltd BOM:500780
60 GF Score
Price ₹269.20
GF Value ₹324.57
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Zuari Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zuari Industries  (BOM:500780) 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.


Zuari Industries Cyclically Adjusted PB Ratio Related Terms


Zuari Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zuari 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.

Zuari Industries Cyclically Adjusted PB Ratio Chart

Zuari 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 0.00 0.00 0.00 0.25 0.21

Zuari 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 0.35 0.00 0.21 0.00

BOM:500780 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Zuari 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.


Zuari Industries Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Zuari Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500780
60GF Score
Zuari Industries Ltd BOM:500780
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zuari 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.

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

For example, Zuari 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Zuari Industries Quarterly Data

Book Value per Share CPI Adj_Book
201203 235.038 76.889 511.588
201303 238.146 85.687 465.129
201403 240.642 91.425 440.506
201503 679.270 97.163 1,170.002
201603 579.183 102.518 945.495
201703 648.685 105.196 1,031.999
201803 817.574 109.786 1,246.302
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 741.090 118.202 1,049.278
201906 0.000 120.880 0.000
201909 627.989 123.175 853.246
201912 0.000 126.235 0.000
202003 403.352 124.705 541.308
202006 0.000 127.000 0.000
202009 499.267 130.118 642.156
202012 0.000 130.889 0.000
202103 658.056 131.771 835.775
202106 0.000 134.084 0.000
202109 872.250 135.847 1,074.572
202112 0.000 138.161 0.000
202203 1,009.994 138.822 1,217.603
202206 0.000 142.347 0.000
202209 884.365 144.661 1,023.115
202212 0.000 145.763 0.000
202303 806.266 146.865 918.768
202306 0.000 150.280 0.000
202309 860.632 151.492 950.763
202312 0.000 152.924 0.000
202403 1,315.903 153.035 1,439.061
202406 0.000 155.789 0.000
202409 1,717.247 157.882 1,820.305
202412 0.000 158.323 0.000
202503 1,694.912 157.552 1,800.399
202506 0.000 159.755 0.000
202509 1,569.461 162.289 1,618.473
202512 0.000 163.281 0.000
202603 1,215.942 164.272 1,238.776
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 Zuari Industries (BOM:500780) Overvalued in 2026?

Based on GuruFocus' analysis, Zuari Industries stock appears to be undervalued. The current stock price of ₹269.20 is trading 17.1% below its estimated GF Value™ of ₹324.57. GuruFocus considers Zuari Industries to be Modestly Undervalued.

Key valuation signals for BOM:500780:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹324.57 vs. price of ₹269.20 (17.1% below fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the BOM:500780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zuari Industries Business Description

Other Exchanges ZUARIIND:India
Address Global Business Park, Tower A, M.G. road, 5th Floor, Sector-26, Gurgaon, HR, IND, 122002
Zuari Industries Ltd through its subsidiaries, is a holding firm which is engaged in providing fertilizer, seeds, pesticides business, engineering, lifestyle industries, and services. The company's segment includes: Engineering, Furniture, Real Estate, Sugar, Power, Investment Services, Ethanol Plant and Management Services.
60GF Score

Get the complete analysis for BOM:500780

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

₹269.20
Price
₹324.57
GF Value