Zenith Exports (BOM:512553) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:512553 Zenith Exports Ltd BOM:512553
65 GF Score
Price ₹196.35
GF Value ₹195.10
Valuation Fairly Valued
! 3 Warning Signs
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What is Zenith Exports Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zenith Exports  (BOM:512553) 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.


Zenith Exports Cyclically Adjusted PB Ratio Related Terms


Zenith Exports Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zenith Exports'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.

Zenith Exports Cyclically Adjusted PB Ratio Chart

Zenith Exports 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 0.41 0.86 1.12 1.01

Zenith Exports 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 1.25 1.36 1.09 0.99 1.06

Zenith Exports Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Zenith Exports'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.


Zenith Exports Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zenith Exports's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:512553
65GF Score
Zenith Exports Ltd BOM:512553
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zenith Exports 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.

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

For example, Zenith Exports'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Zenith Exports Quarterly Data

Book Value per Share CPI Adj_Book
201609 167.894 105.961 265.175
201612 105.196 0.000
201703 166.579 105.196 265.012
201706 107.109 0.000
201709 168.673 109.021 258.928
201712 109.404 0.000
201803 163.373 109.786 249.044
201806 111.317 0.000
201809 151.476 115.142 220.168
201812 115.142 0.000
201903 148.259 118.202 209.914
201906 120.880 0.000
201909 146.083 123.175 198.482
201912 126.235 0.000
202003 145.823 124.705 195.698
202006 127.000 0.000
202009 144.712 130.118 186.128
202012 130.889 0.000
202103 142.558 131.771 181.058
202106 134.084 0.000
202109 143.211 135.847 176.429
202112 138.161 0.000
202203 144.380 138.822 174.058
202206 142.347 0.000
202209 144.730 144.661 167.437
202212 145.763 0.000
202303 147.284 146.865 167.835
202306 150.280 0.000
202309 149.456 151.492 165.108
202312 152.924 0.000
202403 148.260 153.035 162.136
202406 155.789 0.000
202409 145.175 157.882 153.887
202412 158.323 0.000
202503 151.440 157.552 160.865
202506 159.755 0.000
202509 156.257 162.289 161.137
202512 163.281 0.000
202603 155.412 164.272 158.331
202606 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 Zenith Exports (BOM:512553) Overvalued in 2026?

Based on GuruFocus' analysis, Zenith Exports stock appears to be overvalued. The current stock price of ₹196.35 is trading 0.6% above its estimated GF Value™ of ₹195.10. GuruFocus considers Zenith Exports to be Fairly Valued.

Key valuation signals for BOM:512553:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹195.10 vs. price of ₹196.35 (0.6% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the BOM:512553 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zenith Exports Business Description

Other Exchanges ZENITHEXPO:India
Address 19, Rajendra Nath Mukherjee Road, 1st Floor, Kolkata, WB, IND, 700001
Zenith Exports Ltd is an India-based company engaged in the business of Leather Goods & Textile Fabrics. Its segment includes Silk Fabrics & Made-ups, Silk Fabrics & Made-ups, Yarns, and Weavings Silk Fabrics. It generates the majority of its revenue from the Industrial Leather H/Gloves & Made-ups. Geographically, it derives the majority of its revenue from Outside India.
65GF Score

Get the complete analysis for BOM:512553

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

₹196.35
Price
₹195.10
GF Value