Bhagwati Oxygen (BOM:509449) Cyclically Adjusted PB Ratio: (As of Aug. 27, 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.
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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:509449 Bhagwati Oxygen Ltd BOM:509449
49 GF Score
Price ₹37.85
GF Value ₹30.36
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Bhagwati Oxygen Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bhagwati Oxygen  (BOM:509449) 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.


Bhagwati Oxygen Cyclically Adjusted PB Ratio Related Terms


Bhagwati Oxygen Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bhagwati Oxygen'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.

Bhagwati Oxygen Cyclically Adjusted PB Ratio Chart

Bhagwati Oxygen 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 0.90 0.71 0.79 0.76 0.72

Bhagwati Oxygen 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 0.91 0.00 0.72 0.00

BOM:509449 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Bhagwati Oxygen'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.


Bhagwati Oxygen Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


BOM:509449
49GF Score
Bhagwati Oxygen Ltd BOM:509449
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bhagwati Oxygen 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.

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

For example, Bhagwati Oxygen'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.

Bhagwati Oxygen Quarterly Data

Book Value per Share CPI Adj_Book
201609 52.609 105.961 83.092
201612 0.000 105.196 0.000
201703 54.946 105.196 87.414
201706 0.000 107.109 0.000
201709 55.619 109.021 85.380
201712 0.000 109.404 0.000
201803 56.642 109.786 86.345
201806 0.000 111.317 0.000
201809 53.063 115.142 77.126
201812 0.000 115.142 0.000
201903 52.295 118.202 74.042
201906 0.000 120.880 0.000
201909 51.790 123.175 70.367
201912 0.000 126.235 0.000
202003 53.799 124.705 72.200
202006 0.000 127.000 0.000
202009 48.203 130.118 61.999
202012 0.000 130.889 0.000
202103 39.829 131.771 50.585
202106 0.000 134.084 0.000
202109 35.147 135.847 43.299
202112 0.000 138.161 0.000
202203 28.784 138.822 34.701
202206 0.000 142.347 0.000
202209 24.530 144.661 28.379
202212 0.000 145.763 0.000
202303 18.071 146.865 20.593
202306 0.000 150.280 0.000
202309 29.263 151.492 32.328
202312 0.000 152.924 0.000
202403 19.453 153.035 21.274
202406 0.000 155.789 0.000
202409 17.772 157.882 18.839
202412 0.000 158.323 0.000
202503 17.167 157.552 18.235
202506 0.000 159.755 0.000
202509 17.512 162.289 18.059
202512 0.000 163.281 0.000
202603 31.354 164.272 31.943
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 Bhagwati Oxygen (BOM:509449) Overvalued in 2026?

Based on GuruFocus' analysis, Bhagwati Oxygen stock appears to be overvalued. The current stock price of ₹37.85 is trading 24.7% above its estimated GF Value™ of ₹30.36. GuruFocus considers Bhagwati Oxygen to be Modestly Overvalued.

Key valuation signals for BOM:509449:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹30.36 vs. price of ₹37.85 (24.7% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the BOM:509449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bhagwati Oxygen Business Description

Address Plot No. 5, Sector 25, Ballabgarh, HR, IND, 121004
Bhagwati Oxygen Ltd is a manufacturing and engineering company with a core focus on industrial gas manufacturing, technology, systems, and equipment. It operates in two reporting segments: Gases and Power.
49GF Score

Get the complete analysis for BOM:509449

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

₹37.85
Price
₹30.36
GF Value