PAN India (BOM:511525) Cyclically Adjusted PB Ratio: (As of Sep. 11, 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:511525 PAN India Corp Ltd BOM:511525
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What is PAN India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PAN India  (BOM:511525) 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.


PAN India Cyclically Adjusted PB Ratio Related Terms


PAN India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PAN India'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.

PAN India Cyclically Adjusted PB Ratio Chart

PAN India 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 3.65 1.23 1.93 2.61 1.85

PAN India 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 2.45 0.00 1.85 0.00

BOM:511525 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, PAN India'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.


PAN India Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


BOM:511525
30GF Score
PAN India Corp Ltd BOM:511525
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PAN India 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.

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

For example, PAN India'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.

PAN India Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.025 105.961 1.619
201612 0.000 105.196 0.000
201703 1.005 105.196 1.599
201706 0.000 107.109 0.000
201709 1.000 109.021 1.535
201712 0.000 109.404 0.000
201803 0.906 109.786 1.381
201806 0.000 111.317 0.000
201809 0.704 115.142 1.023
201812 0.000 115.142 0.000
201903 0.699 118.202 0.990
201906 0.000 120.880 0.000
201909 0.703 123.175 0.955
201912 0.000 126.235 0.000
202003 0.703 124.705 0.943
202006 0.000 127.000 0.000
202009 0.700 130.118 0.900
202012 0.000 130.889 0.000
202103 0.653 131.771 0.829
202106 0.000 134.084 0.000
202109 0.649 135.847 0.800
202112 0.000 138.161 0.000
202203 0.646 138.822 0.779
202206 0.000 142.347 0.000
202209 0.597 144.661 0.691
202212 0.000 145.763 0.000
202303 0.602 146.865 0.686
202306 0.000 150.280 0.000
202309 0.568 151.492 0.627
202312 0.000 152.924 0.000
202403 0.598 153.035 0.654
202406 0.000 155.789 0.000
202409 0.586 157.882 0.621
202412 0.000 158.323 0.000
202503 0.414 157.552 0.440
202506 0.000 159.755 0.000
202509 0.397 162.289 0.409
202512 0.000 163.281 0.000
202603 0.389 164.272 0.396
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.


PAN India Business Description

Address 27, Barakhamba Road, 711, 7th Floor, New Delhi House, Cannaught Place, New Delhi, IND, 110001
PAN India Corp Ltd operates in the capital markets business sector. The company is engaged in the business of investing in, buying, selling, transferring, hypothecating, dealing in, and disposing of any shares, stocks, debentures, debenture stock, securities, properties of any other company, including securities of any government, local authority, bonds and certificates and properties (whether Immovable or movable).
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