Indokem (BOM:504092) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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:504092 Indokem Ltd BOM:504092
52 GF Score
Price ₹637.95
GF Value ₹152.49
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Indokem Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indokem  (BOM:504092) 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.


Indokem Cyclically Adjusted PB Ratio Related Terms


Indokem Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indokem'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.

Indokem Cyclically Adjusted PB Ratio Chart

Indokem 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 3.95 7.63 6.30 10.80 25.48

Indokem 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 27.29 0.00 25.48 0.00

BOM:504092 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Indokem'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.


Indokem Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indokem's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:504092
52GF Score
Indokem Ltd BOM:504092
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indokem 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.

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

For example, Indokem'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.

Indokem Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.930 105.961 18.843
201612 0.000 105.196 0.000
201703 12.953 105.196 20.607
201706 0.000 107.109 0.000
201709 12.698 109.021 19.493
201712 0.000 109.404 0.000
201803 12.098 109.786 18.442
201806 0.000 111.317 0.000
201809 12.386 115.142 18.003
201812 0.000 115.142 0.000
201903 11.662 118.202 16.512
201906 0.000 120.880 0.000
201909 11.288 123.175 15.337
201912 0.000 126.235 0.000
202003 11.934 124.705 16.016
202006 0.000 127.000 0.000
202009 12.230 130.118 15.730
202012 0.000 130.889 0.000
202103 13.122 131.771 16.666
202106 0.000 134.084 0.000
202109 13.393 135.847 16.500
202112 0.000 138.161 0.000
202203 14.314 138.822 17.256
202206 0.000 142.347 0.000
202209 14.038 144.661 16.240
202212 0.000 145.763 0.000
202303 25.240 146.865 28.762
202306 0.000 150.280 0.000
202309 23.259 151.492 25.695
202312 0.000 152.924 0.000
202403 21.041 153.035 23.010
202406 0.000 155.789 0.000
202409 20.493 157.882 21.723
202412 0.000 158.323 0.000
202503 22.178 157.552 23.558
202506 0.000 159.755 0.000
202509 22.676 162.289 23.384
202512 0.000 163.281 0.000
202603 23.121 164.272 23.555
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 Indokem (BOM:504092) Overvalued in 2026?

Based on GuruFocus' analysis, Indokem stock appears to be overvalued. The current stock price of ₹637.95 is trading 318.4% above its estimated GF Value™ of ₹152.49. GuruFocus considers Indokem to be Significantly Overvalued.

Key valuation signals for BOM:504092:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹152.49 vs. price of ₹637.95 (318.4% above fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the BOM:504092 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indokem Business Description

Other Exchanges INDOKEM:India
Address Mogul Lane, Plot No. 410 / 411, Khatau House, Mahim (West), Mumbai, MH, IND, 400016
Indokem Ltd is an India-based company engaged in the business of dyes, auxiliaries, and sizing chemicals and auxiliaries used in the textile industry. It is also engaged in the manufacturing and marketing of resins and chemicals. The company operates in two segments: textile dyes and chemicals, and electrical capacitors. It generates the majority of its revenues from the sale of manufactured goods and traded goods.
52GF Score

Get the complete analysis for BOM:504092

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

₹637.95
Price
₹152.49
GF Value