AVI Products India (BOM:523896) Cyclically Adjusted PB Ratio: 2.49 (As of Aug. 12, 2026) — 61% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:523896 AVI Products India Ltd BOM:523896
38 GF Score
Price ₹52.40
GF Value ₹6.66
Valuation Significantly Overvalued
! 7 Warning Signs
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What is AVI Products India Cyclically Adjusted PB Ratio?

AVI Products India BOM:523896 38 Cyclically Adjusted PB Ratio is 2.49 as of Aug. 12, 2026, which is 61% above its 10-year median of 1.55. GuruFocus rates BOM:523896 with a GF Score™ of 38/100 and a GF Value™ of ₹6.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 91 Medical Distribution companies, AVI Products India ranks worse than 74.73% on this metric.

As of today (2026-08-12), AVI Products India's current share price is ₹52.40. AVI Products India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹21.07. AVI Products India's Cyclically Adjusted PB Ratio for today is 2.49.

The historical rank and industry rank for AVI Products India's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:523896' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.55   Max: 3.14
Current: 2.37

During the past years, AVI Products India's highest Cyclically Adjusted PB Ratio was 3.14. The lowest was 0.62. And the median was 1.55.

BOM:523896's Cyclically Adjusted PB Ratio is ranked worse than
74.73% of 91 companies
in the Medical Distribution industry
Industry Median: 1.13 vs BOM:523896: 2.37

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

AVI Products India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹15.584. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹21.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AVI Products India  (BOM:523896) 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.


AVI Products India Cyclically Adjusted PB Ratio Related Terms


AVI Products India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AVI Products 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.

AVI Products India Cyclically Adjusted PB Ratio Chart

AVI Products 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 2.73 0.99 1.51 1.02 2.05

AVI Products India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.02 0.00 1.44 0.00 2.05

BOM:523896 vs MCK, COR, CAH: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, AVI Products 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.


AVI Products India Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, AVI Products India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:523896
38GF Score
AVI Products India Ltd BOM:523896
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AVI Products 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.

AVI Products India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.40/21.07
=2.49

* 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.

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

For example, AVI Products India's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.584/164.2724*164.2724
=15.584

Current CPI (Mar. 2026) = 164.2724.

AVI Products India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 15.261 105.961 23.659
201612 0.000 105.196 0.000
201703 11.402 105.196 17.805
201706 0.000 107.109 0.000
201709 12.308 109.021 18.546
201712 0.000 109.404 0.000
201803 12.489 109.786 18.687
201806 0.000 111.317 0.000
201809 12.456 115.142 17.771
201812 0.000 115.142 0.000
201903 13.445 118.202 18.685
201906 0.000 120.880 0.000
201909 14.560 123.175 19.418
201912 0.000 126.235 0.000
202003 14.622 124.705 19.261
202006 0.000 127.000 0.000
202009 12.585 130.118 15.888
202012 0.000 130.889 0.000
202103 15.168 131.771 18.909
202106 0.000 134.084 0.000
202109 40.536 135.847 49.018
202112 0.000 138.161 0.000
202203 16.795 138.822 19.874
202206 0.000 142.347 0.000
202209 17.191 144.661 19.522
202212 0.000 145.763 0.000
202303 17.590 146.865 19.675
202306 0.000 150.280 0.000
202309 20.969 151.492 22.738
202312 0.000 152.924 0.000
202403 21.295 153.035 22.859
202406 0.000 155.789 0.000
202409 21.453 157.882 22.321
202412 0.000 158.323 0.000
202503 21.458 157.552 22.373
202506 0.000 159.755 0.000
202509 18.585 162.289 18.812
202512 0.000 163.281 0.000
202603 15.584 164.272 15.584

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.

What does a Cyclically Adjusted PB Ratio of 2.49 mean?
AVI Products India (BOM:523896) has a Cyclically Adjusted PB Ratio of 2.49 as of Aug. 12, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AVI Products India and its competitors. This is 61% above median its historical median of 1.55. Over the past decade, AVI Products India's Cyclically Adjusted PB Ratio has ranged from 0.62 to 3.14. According to the industry distribution chart, AVI Products India ranks #68 out of 91 companies in the Medical Distribution industry, placing it in the top 74.7%.
Is AVI Products India's Cyclically Adjusted PB Ratio too high?
AVI Products India's current Cyclically Adjusted PB Ratio of 2.49 is 61% above median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 3.14. The Medical Distribution industry median Cyclically Adjusted PB Ratio is 1.13. AVI Products India's value of 2.49 is 120.4% above this industry median. Based on the distribution chart, AVI Products India ranks #68 out of 91 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, AVI Products India has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AVI Products India's Cyclically Adjusted PB Ratio compare to MCK and COR?
According to the Medical Distribution industry distribution chart, AVI Products India ranks #68 out of 91 companies for Cyclically Adjusted PB Ratio. This places AVI Products India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. AVI Products India's value of 2.49 is 120.4% above this benchmark. Historically, AVI Products India's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 3.14 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.13, AVI Products India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Medical Distribution company?
The median Cyclically Adjusted PB Ratio among Medical Distribution companies is 1.13, based on 91 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AVI Products India's current Cyclically Adjusted PB Ratio of 2.49 is 120.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AVI Products India and its competitors. For the Medical Distribution industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVI Products India's current Cyclically Adjusted PB Ratio is 2.49, which is 61% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVI Products India stock overvalued right now?
Based on GuruFocus' analysis, AVI Products India (BOM:523896) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹6.66, compared to a current price of ₹52.40 — trading 686.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.49, which is 61% above median its 10-year median of 1.55 and 120.4% above the Medical Distribution industry median of 1.13. AVI Products India's overall GF Score™ is 38/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For AVI Products India (BOM:523896), the current Cyclically Adjusted PB Ratio is 2.49 as of Aug. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AVI Products India (BOM:523896) Overvalued in 2026?

Based on GuruFocus' analysis, AVI Products India stock appears to be overvalued. The current stock price of ₹52.40 is trading 686.8% above its estimated GF Value™ of ₹6.66. GuruFocus considers AVI Products India to be Significantly Overvalued.

Key valuation signals for BOM:523896:

  • Cyclically Adjusted PB Ratio: 2.49 (61% above median its 10-year median of 1.55)
  • GF Value™: ₹6.66 vs. price of ₹52.40 (686.8% above fair value)
  • GF Score™: 38/100 with 7 warning signs
  • Industry Position: 120.4% above the Medical Distribution median (#68 of 91)

No single metric tells the full story. See the BOM:523896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AVI Products India Business Description

Address Navghar Road, 110, Manish Industrial Estate No. 4, Vasai -East, Palghar, MH, IND, 401210
AVI Products India Ltd is an India-based company that operates in two main segments: E-commerce and Trading, and Food and Beverages. The E-commerce segment distributes dental products like endo-motors, intraoral cameras, curing machines, autoclaves, dental chemicals, and orthodontic materials through Dentaldeal. in. The Food and Beverages segment, under the IFRUIT brand, runs franchises offering ice cream rollies, kulfis, sorbets, sundaes, smoothies, milkshakes, and Belgium waffles. The majority of its revenue comes from e-commerce and Trading.
38GF Score

Get the complete analysis for BOM:523896

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

₹52.40
Price
₹6.66
GF Value