Phoenix Mills (BOM:503100) Cyclically Adjusted PB Ratio: (As of Aug. 25, 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:503100 Phoenix Mills Ltd BOM:503100
94 GF Score
Price ₹1,927.10
GF Value ₹1,896.01
Valuation Fairly Valued
! 5 Warning Signs
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What is Phoenix Mills Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Phoenix Mills  (BOM:503100) 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.


Phoenix Mills Cyclically Adjusted PB Ratio Related Terms


Phoenix Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Phoenix Mills'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.

Phoenix Mills Cyclically Adjusted PB Ratio Chart

Phoenix Mills 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 4.68 4.76 8.87 9.12 7.25

Phoenix Mills 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 7.95 0.00 7.25 0.00

Phoenix Mills Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Phoenix Mills'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.


Phoenix Mills Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Phoenix Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:503100
94GF Score
Phoenix Mills Ltd BOM:503100
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phoenix Mills 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.

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

For example, Phoenix Mills'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.

Phoenix Mills Quarterly Data

Book Value per Share CPI Adj_Book
201609 68.680 105.961 108.475
201612 0.000 105.196 0.000
201703 70.233 105.196 111.734
201706 0.000 107.109 0.000
201709 86.499 109.021 132.783
201712 0.000 109.404 0.000
201803 93.114 109.786 141.942
201806 0.000 111.317 0.000
201809 104.745 115.142 152.246
201812 0.000 115.142 0.000
201903 113.318 118.202 160.442
201906 0.000 120.880 0.000
201909 117.229 123.175 159.278
201912 0.000 126.235 0.000
202003 125.683 124.705 168.670
202006 0.000 127.000 0.000
202009 137.524 130.118 176.883
202012 0.000 130.889 0.000
202103 146.585 131.771 186.173
202106 0.000 134.084 0.000
202109 163.961 135.847 201.992
202112 0.000 138.161 0.000
202203 184.363 138.822 222.260
202206 0.000 142.347 0.000
202209 214.973 144.661 248.701
202212 0.000 145.763 0.000
202303 234.584 146.865 267.317
202306 0.000 150.280 0.000
202309 247.133 151.492 273.014
202312 0.000 152.924 0.000
202403 264.630 153.035 289.397
202406 0.000 155.789 0.000
202409 279.434 157.882 296.204
202412 0.000 158.323 0.000
202503 292.237 157.552 310.425
202506 0.000 159.755 0.000
202509 301.764 162.289 311.188
202512 0.000 163.281 0.000
202603 307.256 164.272 313.026
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 Phoenix Mills (BOM:503100) Overvalued in 2026?

Based on GuruFocus' analysis, Phoenix Mills stock appears to be overvalued. The current stock price of ₹1,927.10 is trading 1.6% above its estimated GF Value™ of ₹1,896.01. GuruFocus considers Phoenix Mills to be Fairly Valued.

Key valuation signals for BOM:503100:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,896.01 vs. price of ₹1,927.10 (1.6% above fair value)
  • GF Score™: 94/100 with 5 warning signs

No single metric tells the full story. See the BOM:503100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phoenix Mills Business Description

Other Exchanges PHOENIXLTD:India
Address Off. Dr. E. Moses Road, R. R. Hosiery Building, 2nd Floor, Shree Laxmi Woollen Mills Estate, Mahalaxmi, Mumbai, MH, IND, 400 011
Phoenix Mills Ltd is a real estate development company operating in India. The group's development plan includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. It has three segments: The Property and related services segment that derives maximum revenue, provides mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants. The Residential Business segment includes sale of residential properties.
94GF Score

Get the complete analysis for BOM:503100

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

₹1,927.10
Price
₹1,896.01
GF Value