Lactose (India) (BOM:524202) Cyclically Adjusted PB Ratio: (As of Sep. 13, 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.
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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:524202 Lactose (India) Ltd BOM:524202
77 GF Score
Price ₹100.95
GF Value ₹164.60
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Lactose (India) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lactose (India)  (BOM:524202) 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.


Lactose (India) Cyclically Adjusted PB Ratio Related Terms


Lactose (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lactose (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.

Lactose (India) Cyclically Adjusted PB Ratio Chart

Lactose (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 1.79 1.25 3.76 2.27 1.91

Lactose (India) 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 3.07 0.00 1.91 0.00

BOM:524202 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Lactose (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.


Lactose (India) Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lactose (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lactose (India)'s Cyclically Adjusted PB Ratio falls into.


BOM:524202
77GF Score
Lactose (India) Ltd BOM:524202
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lactose (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.

Lactose (India)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Lactose (India)'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.

Lactose (India) Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.286 105.961 35.199
201612 0.000 105.196 0.000
201703 27.631 105.196 43.958
201706 0.000 107.109 0.000
201709 26.750 109.021 41.064
201712 0.000 109.404 0.000
201803 31.640 109.786 48.232
201806 0.000 111.317 0.000
201809 32.496 115.142 47.233
201812 0.000 115.142 0.000
201903 33.614 118.202 47.593
201906 0.000 120.880 0.000
201909 33.772 123.175 45.886
201912 0.000 126.235 0.000
202003 33.650 124.705 45.159
202006 0.000 127.000 0.000
202009 31.449 130.118 40.450
202012 0.000 130.889 0.000
202103 30.681 131.771 38.967
202106 0.000 134.084 0.000
202109 30.389 135.847 37.438
202112 0.000 138.161 0.000
202203 31.205 138.822 37.619
202206 0.000 142.347 0.000
202209 31.344 144.661 36.262
202212 0.000 145.763 0.000
202303 32.219 146.865 36.715
202306 0.000 150.280 0.000
202309 33.620 151.492 37.141
202312 0.000 152.924 0.000
202403 37.413 153.035 40.915
202406 0.000 155.789 0.000
202409 40.831 157.882 43.281
202412 0.000 158.323 0.000
202503 46.660 157.552 49.564
202506 0.000 159.755 0.000
202509 49.565 162.289 51.113
202512 0.000 163.281 0.000
202603 51.465 164.272 52.431
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 Lactose (India) (BOM:524202) Overvalued in 2026?

Based on GuruFocus' analysis, Lactose (India) stock appears to be undervalued. The current stock price of ₹100.95 is trading 38.7% below its estimated GF Value™ of ₹164.60. GuruFocus considers Lactose (India) to be Significantly Undervalued.

Key valuation signals for BOM:524202:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹164.60 vs. price of ₹100.95 (38.7% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the BOM:524202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lactose (India) Business Description

Address Zakaria Bunder Road, Navbharat Estates, Unit No. G-02, ‘A’ Wing, Ground Floor, Sewri (West), Mumbai, MH, IND, 400015
Lactose (India) Ltd is an India based pharmaceutical company. It is principally engaged in the manufacturing and trading of pharmaceutical products. The company offers pharmaceutical products like Lactose monohydrate, Dry granulated, Film and lacquer coated tablets, Disaccharide lactulose, and Liquid dose form products. Manufacturing of lactose monohydrate and other pharmaceutical products generates revenue for the company. The company sells its products in India and also exports its products internationally.
77GF Score

Get the complete analysis for BOM:524202

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

₹100.95
Price
₹164.60
GF Value