Dhanlaxmi Cotex (BOM:512485) Cyclically Adjusted PB Ratio: (As of Sep. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BOM:512485 Dhanlaxmi Cotex Ltd BOM:512485
60 GF Score
Price ₹145.05
GF Value ₹112.34
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Dhanlaxmi Cotex Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dhanlaxmi Cotex  (BOM:512485) 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.


Dhanlaxmi Cotex Cyclically Adjusted PB Ratio Related Terms


Dhanlaxmi Cotex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dhanlaxmi Cotex'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.

Dhanlaxmi Cotex Cyclically Adjusted PB Ratio Chart

Dhanlaxmi Cotex 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 1.06 1.00 0.63 3.08 0.87

Dhanlaxmi Cotex 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 1.73 0.00 0.87 0.00

BOM:512485 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Dhanlaxmi Cotex'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.


Dhanlaxmi Cotex Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


BOM:512485
60GF Score
Dhanlaxmi Cotex Ltd BOM:512485
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhanlaxmi Cotex 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.

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

For example, Dhanlaxmi Cotex'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.

Dhanlaxmi Cotex Quarterly Data

Book Value per Share CPI Adj_Book
201609 64.721 105.961 102.222
201612 0.000 105.196 0.000
201703 72.136 105.196 114.762
201706 0.000 107.109 0.000
201709 66.937 109.021 102.754
201712 0.000 109.404 0.000
201803 74.456 109.786 113.500
201806 0.000 111.317 0.000
201809 72.258 115.142 105.026
201812 0.000 115.142 0.000
201903 74.129 118.202 104.956
201906 0.000 120.880 0.000
201909 47.025 123.175 63.893
201912 0.000 126.235 0.000
202003 45.809 124.705 61.477
202006 0.000 127.000 0.000
202009 59.370 130.118 76.362
202012 0.000 130.889 0.000
202103 73.611 131.771 93.491
202106 0.000 134.084 0.000
202109 96.518 135.847 118.906
202112 0.000 138.161 0.000
202203 94.960 138.822 114.479
202206 0.000 142.347 0.000
202209 104.096 144.661 120.428
202212 0.000 145.763 0.000
202303 101.368 146.865 115.512
202306 0.000 150.280 0.000
202309 134.041 151.492 148.079
202312 0.000 152.924 0.000
202403 147.097 153.035 160.864
202406 0.000 155.789 0.000
202409 180.537 157.882 191.372
202412 0.000 158.323 0.000
202503 149.712 157.552 159.030
202506 0.000 159.755 0.000
202509 162.567 162.289 167.644
202512 0.000 163.281 0.000
202603 142.243 164.272 144.914
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 Dhanlaxmi Cotex (BOM:512485) Overvalued in 2026?

Based on GuruFocus' analysis, Dhanlaxmi Cotex stock appears to be overvalued. The current stock price of ₹145.05 is trading 29.1% above its estimated GF Value™ of ₹112.34. GuruFocus considers Dhanlaxmi Cotex to be Modestly Overvalued.

Key valuation signals for BOM:512485:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹112.34 vs. price of ₹145.05 (29.1% above fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the BOM:512485 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dhanlaxmi Cotex Business Description

Address 285, Princess Street, 2nd Floor, Chaturbhuj Jivandas House, Mumbai, MH, IND, 400 002
Dhanlaxmi Cotex Ltd is an India-based company involved in trading shares and securities, investing in shares and securities, and financing activities. The group's reportable segments are Fabrics, Shares & Steel. It generates the majority of its revenue from share trading.
60GF Score

Get the complete analysis for BOM:512485

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

₹145.05
Price
₹112.34
GF Value