Thacker (BOM:509945) Cyclically Adjusted PB Ratio: (As of Aug. 29, 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:509945 Thacker & Co Ltd BOM:509945
63 GF Score
Price ₹1,059.80
GF Value ₹868.50
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Thacker Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thacker  (BOM:509945) 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.


Thacker Cyclically Adjusted PB Ratio Related Terms


Thacker Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thacker'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.

Thacker Cyclically Adjusted PB Ratio Chart

Thacker 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 0.65 1.10 1.69 0.86

Thacker 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 2.01 0.00 0.86 0.00

BOM:509945 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Thacker'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.


Thacker Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thacker's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:509945
63GF Score
Thacker & Co Ltd BOM:509945
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thacker 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.

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

For example, Thacker'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.

Thacker Quarterly Data

Book Value per Share CPI Adj_Book
201609 51.171 105.961 80.821
201612 51.501 105.196 81.933
201703 383.886 105.196 610.728
201706 93.990 107.109 146.859
201709 96.435 109.021 148.036
201712 337.539 109.404 516.340
201803 721.165 109.786 1,099.337
201806 329.813 111.317 495.853
201809 325.461 115.142 473.053
201812 0.000 115.142 0.000
201903 711.113 118.202 1,006.834
201906 0.000 120.880 0.000
201909 724.827 123.175 984.819
201912 734.609 126.235 973.913
202003 736.998 124.705 989.069
202006 742.378 127.000 978.284
202009 766.068 130.118 985.315
202012 0.000 130.889 0.000
202103 815.667 131.771 1,035.951
202106 0.000 134.084 0.000
202109 895.525 135.847 1,103.246
202112 0.000 138.161 0.000
202203 927.178 138.822 1,117.764
202206 0.000 142.347 0.000
202209 1,001.042 144.661 1,158.098
202212 0.000 145.763 0.000
202303 1,044.776 146.865 1,190.558
202306 0.000 150.280 0.000
202309 1,135.451 151.492 1,254.363
202312 0.000 152.924 0.000
202403 1,257.169 153.035 1,374.830
202406 0.000 155.789 0.000
202409 1,454.540 157.882 1,541.832
202412 0.000 158.323 0.000
202503 1,512.222 157.552 1,606.339
202506 0.000 159.755 0.000
202509 1,656.388 162.289 1,708.115
202512 0.000 163.281 0.000
202603 1,607.518 164.272 1,637.706
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 Thacker (BOM:509945) Overvalued in 2026?

Based on GuruFocus' analysis, Thacker stock appears to be overvalued. The current stock price of ₹1,059.80 is trading 22% above its estimated GF Value™ of ₹868.50. GuruFocus considers Thacker to be Modestly Overvalued.

Key valuation signals for BOM:509945:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹868.50 vs. price of ₹1,059.80 (22% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the BOM:509945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thacker Business Description

Other Exchanges THACKER:India
Address 60, Dr. V. B. Gandhi Marg, Jatia Chambers, Fort, Mumbai, MH, IND, 400 001
Thacker & Co Ltd is a non-banking finance company. It has an interest in investments, Finance, Trading, Information Technology, and FMCG. Its business segments include Investment and Finance; Business Centre; Trading Business; and other unallocables. The company generates maximum revenue from the Business Centre segment.
63GF Score

Get the complete analysis for BOM:509945

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

₹1,059.80
Price
₹868.50
GF Value