V B Desai Financial Services (BOM:511110) Cyclically Adjusted PB Ratio: (As of Aug. 04, 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:511110 V B Desai Financial Services Ltd BOM:511110
68 GF Score
Price ₹20.00
GF Value ₹19.54
Valuation Fairly Valued
! 3 Warning Signs
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What is V B Desai Financial Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


V B Desai Financial Services  (BOM:511110) 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.


V B Desai Financial Services Cyclically Adjusted PB Ratio Related Terms


V B Desai Financial Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for V B Desai Financial Services'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.

V B Desai Financial Services Cyclically Adjusted PB Ratio Chart

V B Desai Financial Services 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 0.47 0.32 0.60 1.22 0.45

V B Desai Financial Services 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 0.94 0.00 0.45 0.00

BOM:511110 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, V B Desai Financial Services'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.


V B Desai Financial Services Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, V B Desai Financial Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where V B Desai Financial Services's Cyclically Adjusted PB Ratio falls into.


BOM:511110
68GF Score
V B Desai Financial Services Ltd BOM:511110
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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V B Desai Financial Services 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.

V B Desai Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, V B Desai Financial Services'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

V B Desai Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.981 105.961 31.330
201612 0.000 105.196 0.000
201703 20.214 105.196 31.926
201706 0.000 107.109 0.000
201709 20.450 109.021 31.165
201712 0.000 109.404 0.000
201803 20.323 109.786 30.756
201806 0.000 111.317 0.000
201809 22.347 115.142 32.246
201812 0.000 115.142 0.000
201903 21.129 118.202 29.699
201906 0.000 120.880 0.000
201909 21.928 123.175 29.578
201912 0.000 126.235 0.000
202003 22.435 124.705 29.890
202006 0.000 127.000 0.000
202009 22.530 130.118 28.768
202012 0.000 130.889 0.000
202103 22.864 131.771 28.829
202106 0.000 134.084 0.000
202109 23.309 135.847 28.508
202112 0.000 138.161 0.000
202203 23.655 138.822 28.311
202206 0.000 142.347 0.000
202209 24.093 144.661 27.671
202212 0.000 145.763 0.000
202303 24.339 146.865 27.534
202306 0.000 150.280 0.000
202309 24.753 151.492 27.147
202312 0.000 152.924 0.000
202403 25.371 153.035 27.545
202406 0.000 155.789 0.000
202409 25.852 157.882 27.205
202412 0.000 158.323 0.000
202503 26.605 157.552 28.056
202506 0.000 159.755 0.000
202509 27.587 162.289 28.243
202512 0.000 163.281 0.000
202603 28.524 164.272 28.849
202606 0.000 166.145 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 V B Desai Financial Services (BOM:511110) Overvalued in 2026?

Based on GuruFocus' analysis, V B Desai Financial Services stock appears to be overvalued. The current stock price of ₹20.00 is trading 2.4% above its estimated GF Value™ of ₹19.54. GuruFocus considers V B Desai Financial Services to be Fairly Valued.

Key valuation signals for BOM:511110:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹19.54 vs. price of ₹20.00 (2.4% above fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the BOM:511110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V B Desai Financial Services Business Description

Address 24/26 Dalai Street, Cama Building, 1st Floor, Fort, Mumbai, MH, IND, 400001
V B Desai Financial Services Ltd is an Indian company providing merchant banking services. The company is engaged in offering financial and advisory services. It provides services like Share Valuation, (Employee Stock Option Plan) ESOP Valuation, ESOP Advisory, merger and acquisition, to act as Manager in Buyback of shares and Acquisition, Takeover of Listed Companies and Initial Public Offerings, etc. The Company has one segment which is Merchant Banking and financial services.
68GF Score

Get the complete analysis for BOM:511110

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

₹20.00
Price
₹19.54
GF Value