Shukra Jewellery (BOM:523790) Cyclically Adjusted PB Ratio: (As of Sep. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:523790 Shukra Jewellery Ltd BOM:523790
68 GF Score
Price ₹9.00
GF Value ₹11.88
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Shukra Jewellery Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shukra Jewellery  (BOM:523790) 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.


Shukra Jewellery Cyclically Adjusted PB Ratio Related Terms


Shukra Jewellery Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shukra Jewellery'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.

Shukra Jewellery Cyclically Adjusted PB Ratio Chart

Shukra Jewellery 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 0.25 0.10 0.20 0.43 0.21

Shukra Jewellery 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 0.24 0.00 0.21 0.00

BOM:523790 vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Shukra Jewellery'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.


Shukra Jewellery Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shukra Jewellery's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:523790
68GF Score
Shukra Jewellery Ltd BOM:523790
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shukra Jewellery 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.

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

For example, Shukra Jewellery'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.

Shukra Jewellery Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.203 105.961 39.806
201612 0.000 105.196 0.000
201703 25.159 105.196 40.026
201706 0.000 107.109 0.000
201709 25.184 109.021 38.660
201712 0.000 109.404 0.000
201803 25.599 109.786 39.023
201806 0.000 111.317 0.000
201809 25.505 115.142 37.071
201812 0.000 115.142 0.000
201903 25.982 118.202 36.787
201906 0.000 120.880 0.000
201909 26.179 123.175 35.569
201912 0.000 126.235 0.000
202003 26.096 124.705 35.021
202006 0.000 127.000 0.000
202009 25.750 130.118 33.120
202012 25.809 130.889 33.000
202103 26.079 131.771 33.122
202106 0.000 134.084 0.000
202109 26.669 135.847 32.855
202112 26.169 138.161 31.699
202203 25.759 138.822 31.054
202206 0.000 142.347 0.000
202209 24.860 144.661 28.760
202212 0.000 145.763 0.000
202303 25.927 146.865 29.545
202306 0.000 150.280 0.000
202309 25.048 151.492 27.671
202312 0.000 152.924 0.000
202403 26.059 153.035 28.498
202406 0.000 155.789 0.000
202409 26.404 157.882 27.989
202412 0.000 158.323 0.000
202503 26.427 157.552 28.072
202506 0.000 159.755 0.000
202509 26.762 162.289 27.598
202512 0.000 163.281 0.000
202603 26.128 164.272 26.619
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 Shukra Jewellery (BOM:523790) Overvalued in 2026?

Based on GuruFocus' analysis, Shukra Jewellery stock appears to be undervalued. The current stock price of ₹9.00 is trading 24.2% below its estimated GF Value™ of ₹11.88. GuruFocus considers Shukra Jewellery to be Modestly Undervalued.

Key valuation signals for BOM:523790:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹11.88 vs. price of ₹9.00 (24.2% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the BOM:523790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shukra Jewellery Business Description

Address S.G. Highway, Bodakdev, Panchdhara Complex, 3rd Floor, Near The Grand Bhagwati Hotel, Ahmedabad, GJ, IND, 380054
Shukra Jewellery Ltd is an India-based company engaged in the gems and jewellery business. It manufactures and sells gems, diamonds, plain and studded gold and silver jewellery. It also deals with the trading of cut, polished diamonds. In addition, the company is involved in the real estate and construction work business. The group markets polished diamonds and gold jewellery in both the Indian and international markets. It has two reportable segments: Diamonds and Gold Jewellery; and Real Estate Business. It generates the majority of its revenue from the Real Estate segment.
68GF Score

Get the complete analysis for BOM:523790

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

₹9.00
Price
₹11.88
GF Value