ADS Diagnostics (BOM:523031) Cyclically Adjusted PB Ratio: (As of Sep. 14, 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.

What is ADS Diagnostics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ADS Diagnostics  (BOM:523031) 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.


ADS Diagnostics Cyclically Adjusted PB Ratio Related Terms


ADS Diagnostics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ADS Diagnostics'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.

ADS Diagnostics Cyclically Adjusted PB Ratio Chart

ADS Diagnostics 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 0.74 0.69 0.62 0.56 0.51

ADS Diagnostics 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 0.53 0.00 0.51 0.00

BOM:523031 vs OZSC, WHSI, LENSF: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, ADS Diagnostics'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.


ADS Diagnostics Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ADS Diagnostics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ADS Diagnostics 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.

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

For example, ADS Diagnostics'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.

ADS Diagnostics Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.659 105.961 16.835
201612 0.000 105.196 0.000
201703 8.804 105.196 14.006
201706 0.000 107.109 0.000
201709 8.251 109.021 12.666
201712 0.000 109.404 0.000
201803 9.768 109.786 14.890
201806 0.000 111.317 0.000
201809 10.918 115.142 15.869
201812 0.000 115.142 0.000
201903 13.742 118.202 19.457
201906 0.000 120.880 0.000
201909 14.978 123.175 20.351
201912 0.000 126.235 0.000
202003 15.098 124.705 20.262
202006 0.000 127.000 0.000
202009 17.054 130.118 21.935
202012 0.000 130.889 0.000
202103 16.673 131.771 21.176
202106 0.000 134.084 0.000
202109 16.507 135.847 20.336
202112 0.000 138.161 0.000
202203 18.693 138.822 22.535
202206 0.000 142.347 0.000
202209 19.471 144.661 22.526
202212 0.000 145.763 0.000
202303 19.930 146.865 22.711
202306 0.000 150.280 0.000
202309 24.943 151.492 27.555
202312 0.000 152.924 0.000
202403 27.425 153.035 29.992
202406 0.000 155.789 0.000
202409 29.896 157.882 31.690
202412 0.000 158.323 0.000
202503 30.047 157.552 31.917
202506 0.000 159.755 0.000
202509 32.494 162.289 33.509
202512 0.000 163.281 0.000
202603 33.938 164.272 34.575
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.


ADS Diagnostics Business Description

Address 114, Sant Nagar, East of Kailash, New Delhi, IND, 110065
ADS Diagnostics Ltd is an India-based company engaged in the sale of medical equipment. It is focused on the business activity of the sale of trading goods, servicing and installation of medical equipment, lease rental, and distribution. The company generates key revenue from the sale of trading goods. It sells its products and services in India and internationally.