Victoria Mills (BOM:503349) Cyclically Adjusted PB Ratio: 1.55 (As of Sep. 02, 2026) — 72% Above Median

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BOM:503349 Victoria Mills Ltd BOM:503349
57 GF Score
Price ₹9,143.45
GF Value ₹7,633.00
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Victoria Mills Cyclically Adjusted PB Ratio?

Victoria Mills BOM:503349 +0.70% 57 Cyclically Adjusted PB Ratio is 1.55 as of Sep. 02, 2026, which is 72% above its 10-year median of 0.90. GuruFocus rates BOM:503349 with a GF Score™ of 57/100 and a GF Value™ of ₹7,633.00 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,301 Real Estate companies, Victoria Mills ranks worse than 80.94% on this metric.

As of today (2026-09-02), Victoria Mills's current share price is ₹9143.45. Victoria Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹5,897.35. Victoria Mills's Cyclically Adjusted PB Ratio for today is 1.55.

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

BOM:503349' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.9   Max: 1.59
Current: 1.58

During the past years, Victoria Mills's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.45. And the median was 0.90.

BOM:503349's Cyclically Adjusted PB Ratio is ranked worse than
80.94% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs BOM:503349: 1.58

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.

Victoria Mills's adjusted book value per share data for the three months ended in Mar. 2026 was ₹7,233.535. 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 ₹5,897.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Victoria Mills  (BOM:503349) 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.


Victoria Mills Cyclically Adjusted PB Ratio Related Terms


Victoria Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Victoria 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.

Victoria Mills Cyclically Adjusted PB Ratio Chart

Victoria 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 0.00 0.45 0.79 1.07 0.84

Victoria Mills Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.07 0.00 1.16 0.00 0.84

Victoria Mills Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Victoria 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.


Victoria Mills Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BOM:503349
57GF Score
Victoria Mills Ltd BOM:503349
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victoria 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.

Victoria Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9143.45/5897.35
=1.55

* 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.

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

For example, Victoria Mills's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7233.535/164.2724*164.2724
=7,233.535

Current CPI (Mar. 2026) = 164.2724.

Victoria Mills Quarterly Data

Book Value per Share CPI Adj_Book
201303 2,106.071 85.687 4,037.594
201403 2,110.010 91.425 3,791.269
201503 2,017.919 97.163 3,411.677
201603 3,562.273 102.518 5,708.085
201606 0.000 105.961 0.000
201703 3,766.707 105.196 5,882.030
201706 0.000 107.109 0.000
201803 3,895.737 109.786 5,829.156
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 4,075.677 118.202 5,664.208
201906 0.000 120.880 0.000
201909 4,372.939 123.175 5,831.972
201912 0.000 126.235 0.000
202003 3,995.465 124.705 5,263.174
202006 0.000 127.000 0.000
202009 4,289.879 130.118 5,415.924
202012 0.000 130.889 0.000
202103 5,001.404 131.771 6,235.027
202106 0.000 134.084 0.000
202109 5,321.020 135.847 6,434.421
202112 0.000 138.161 0.000
202203 5,144.990 138.822 6,088.236
202206 0.000 142.347 0.000
202209 5,195.818 144.661 5,900.200
202212 0.000 145.763 0.000
202303 5,430.717 146.865 6,074.418
202306 0.000 150.280 0.000
202309 6,068.182 151.492 6,580.115
202312 0.000 152.924 0.000
202403 6,391.040 153.035 6,860.358
202406 0.000 155.789 0.000
202409 7,009.525 157.882 7,293.232
202412 0.000 158.323 0.000
202503 6,637.263 157.552 6,920.389
202506 0.000 159.755 0.000
202509 7,300.040 162.289 7,389.248
202512 0.000 163.281 0.000
202603 7,233.535 164.272 7,233.535

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 1.55 mean?
Victoria Mills (BOM:503349) has a Cyclically Adjusted PB Ratio of 1.55 as of Sep. 02, 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 Victoria Mills and its competitors. This is 72% above median its historical median of 0.90. Over the past decade, Victoria Mills' Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.59. According to the industry distribution chart, Victoria Mills ranks #1053 out of 1301 companies in the Real Estate industry, placing it in the top 80.9%.
Is Victoria Mills' Cyclically Adjusted PB Ratio too high?
Victoria Mills' current Cyclically Adjusted PB Ratio of 1.55 is 72% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.59. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Victoria Mills' value of 1.55 is 131.3% above this industry median. Based on the distribution chart, Victoria Mills ranks #1053 out of 1301 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Victoria Mills has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Victoria Mills' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Victoria Mills ranks #1053 out of 1301 companies for Cyclically Adjusted PB Ratio. This places Victoria Mills in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Victoria Mills' value of 1.55 is 131.3% above this benchmark. Historically, Victoria Mills' own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.59 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.67, Victoria Mills 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. Victoria Mills's current Cyclically Adjusted PB Ratio of 1.55 is 131.3% 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 Victoria Mills and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victoria Mills's current Cyclically Adjusted PB Ratio is 1.55, which is 72% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria Mills stock overvalued right now?
Based on GuruFocus' analysis, Victoria Mills (BOM:503349) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹7,633.00, compared to a current price of ₹9,143.45 — trading 19.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.55, which is 72% above median its 10-year median of 0.90 and 131.3% above the Real Estate industry median of 0.67. Victoria Mills' overall GF Score™ is 57/100 with 6 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 Victoria Mills (BOM:503349), the current Cyclically Adjusted PB Ratio is 1.55 as of Sep. 02, 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 Victoria Mills (BOM:503349) Overvalued in 2026?

Based on GuruFocus' analysis, Victoria Mills stock appears to be overvalued. The current stock price of ₹9,143.45 is trading 19.8% above its estimated GF Value™ of ₹7,633.00. GuruFocus considers Victoria Mills to be Modestly Overvalued.

Key valuation signals for BOM:503349:

  • Cyclically Adjusted PB Ratio: 1.55 (72% above median its 10-year median of 0.90)
  • GF Value™: ₹7,633.00 vs. price of ₹9,143.45 (19.8% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 131.3% above the Real Estate median (#1053 of 1301)

No single metric tells the full story. See the BOM:503349 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Victoria Mills Business Description

Address Pandurang Budhkar Marg, Victoria House, Lower Parel, Mumbai, MH, IND, 400 013
Victoria Mills Ltd is engaged in real estate development. Its core business activities include designing and developing high-end and premium residential and leisure properties. The company generates revenue from the sale of a constructed property.
57GF Score

Get the complete analysis for BOM:503349

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

₹9,143.45
Price
₹7,633.00
GF Value