Narmada Gelatines (BOM:526739) Cyclically Adjusted PB Ratio: 1.78 (As of Sep. 22, 2026) — 39% Above Median

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BOM:526739 Narmada Gelatines Ltd BOM:526739
74 GF Score
Price ₹469.95
GF Value ₹465.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Narmada Gelatines Cyclically Adjusted PB Ratio?

Narmada Gelatines BOM:526739 -2.88% 74 Cyclically Adjusted PB Ratio is 1.78 as of Sep. 22, 2026, which is 39% above its 10-year median of 1.28. GuruFocus rates BOM:526739 with a GF Score™ of 74/100 and a GF Value™ of ₹465.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,099 Chemicals companies, Narmada Gelatines ranks worse than 90991.72% on this metric.

As of today (2026-09-22), Narmada Gelatines's current share price is ₹469.95. Narmada Gelatines's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹263.96. Narmada Gelatines's Cyclically Adjusted PB Ratio for today is 1.78.

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

During the past years, Narmada Gelatines's highest Cyclically Adjusted PB Ratio was 2.25. The lowest was 0.68. And the median was 1.28.

BOM:526739's Cyclically Adjusted PB Ratio is not ranked *
in the Chemicals industry.
Industry Median: 1.67
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Narmada Gelatines's adjusted book value per share data for the three months ended in Jun. 2026 was ₹0.000. 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 ₹263.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Narmada Gelatines  (BOM:526739) 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.


Narmada Gelatines Cyclically Adjusted PB Ratio Related Terms


Narmada Gelatines Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Narmada Gelatines'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.

Narmada Gelatines Cyclically Adjusted PB Ratio Chart

Narmada Gelatines 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 0.85 1.16 1.31 1.26 1.32

Narmada Gelatines 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 1.50 1.39 1.33 1.32 1.93

BOM:526739 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Narmada Gelatines'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.


Narmada Gelatines Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Narmada Gelatines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:526739
74GF Score
Narmada Gelatines Ltd BOM:526739
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Narmada Gelatines 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.

Narmada Gelatines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=469.95/263.961
=1.78

* 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.

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

For example, Narmada Gelatines'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.

Narmada Gelatines Quarterly Data

Book Value per Share CPI Adj_Book
201609 183.698 105.961 290.137
201612 105.196 0.000
201703 195.911 105.196 311.677
201706 107.109 0.000
201709 199.096 109.021 305.630
201712 109.404 0.000
201803 204.633 109.786 311.941
201806 111.317 0.000
201809 203.889 115.142 296.350
201812 115.142 0.000
201903 216.186 118.202 306.089
201906 120.880 0.000
201909 217.469 123.175 295.474
201912 126.235 0.000
202003 225.469 124.705 302.585
202006 127.000 0.000
202009 233.520 130.118 300.353
202012 130.889 0.000
202103 229.432 131.771 291.394
202106 134.084 0.000
202109 226.792 135.847 279.397
202112 138.161 0.000
202203 240.041 138.822 289.383
202206 142.347 0.000
202209 238.363 144.661 275.760
202212 145.763 0.000
202303 155.198 146.865 176.853
202306 150.280 0.000
202309 166.821 151.492 184.292
202312 152.924 0.000
202403 180.086 153.035 196.941
202406 155.789 0.000
202409 183.021 157.882 194.005
202412 158.323 0.000
202503 198.795 157.552 211.167
202506 159.755 0.000
202509 208.675 162.289 215.192
202512 163.281 0.000
202603 240.093 164.272 244.602
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.

What does a Cyclically Adjusted PB Ratio of 1.78 mean?
Narmada Gelatines (BOM:526739) has a Cyclically Adjusted PB Ratio of 1.78 as of Sep. 22, 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 Narmada Gelatines and its competitors. This is 39% above median its historical median of 1.28. Over the past decade, Narmada Gelatines' Cyclically Adjusted PB Ratio has ranged from 0.68 to 2.25. According to the industry distribution chart, Narmada Gelatines ranks #999999 out of 1099 companies in the Chemicals industry.
Is Narmada Gelatines' Cyclically Adjusted PB Ratio too high?
Narmada Gelatines' current Cyclically Adjusted PB Ratio of 1.78 is 39% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.25. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Narmada Gelatines' value of 1.78 is 6.6% above this industry median. Based on the distribution chart, Narmada Gelatines ranks #999999 out of 1099 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Narmada Gelatines has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Narmada Gelatines' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Narmada Gelatines ranks #999999 out of 1099 companies for Cyclically Adjusted PB Ratio. This places Narmada Gelatines in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Narmada Gelatines' value of 1.78 is 6.6% above this benchmark. Historically, Narmada Gelatines' own Cyclically Adjusted PB Ratio has ranged from 0.68 to 2.25 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.67, Narmada Gelatines 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,099 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. Narmada Gelatines's current Cyclically Adjusted PB Ratio of 1.78 is 6.6% 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 Narmada Gelatines and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narmada Gelatines's current Cyclically Adjusted PB Ratio is 1.78, which is 39% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmada Gelatines stock overvalued right now?
Based on GuruFocus' analysis, Narmada Gelatines (BOM:526739) is currently considered Fairly Valued. The stock's GF Value™ is ₹465.46, compared to a current price of ₹469.95 — trading 1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.78, which is 39% above median its 10-year median of 1.28 and 6.6% above the Chemicals industry median of 1.67. Narmada Gelatines' overall GF Score™ is 74/100 with 2 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 Narmada Gelatines (BOM:526739), the current Cyclically Adjusted PB Ratio is 1.78 as of Sep. 22, 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 Narmada Gelatines (BOM:526739) Overvalued in 2026?

Based on GuruFocus' analysis, Narmada Gelatines stock appears to be overvalued. The current stock price of ₹469.95 is trading 1% above its estimated GF Value™ of ₹465.46. GuruFocus considers Narmada Gelatines to be Fairly Valued.

Key valuation signals for BOM:526739:

  • Cyclically Adjusted PB Ratio: 1.78 (39% above median its 10-year median of 1.28)
  • GF Value™: ₹465.46 vs. price of ₹469.95 (1% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 6.6% above the Chemicals median (#999999 of 1099)

No single metric tells the full story. See the BOM:526739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Narmada Gelatines Business Description

Address 15 Civil Lines, Post Box No. 91, Caravs Building, 1st Floor, Room No 28, Jabalpur, MP, IND, 482001
Narmada Gelatines Ltd is an Indian manufacturer of gelatine and related products, operating from its facility in Jabalpur, Madhya Pradesh. The company produces ossein, gelatine, and di-calcium phosphate (DCP) as a by-product, processing animal bones, primarily bovine, to derive collagen-based protein. Its gelatine serves the pharmaceutical, food, photographic, and technical industries, where it is used in capsules, stabilizers, and other applications. DCP is sold as an animal feed supplement and mineral source. The company markets its products both domestically and internationally, with India accounting for the majority of sales and exports contributing the remainder. Gelatine and allied products constitute its primary operating segment. Revenue is generated through the manufacture and sale of these products to industrial customers, pharmaceutical companies, and feed producers, with performance tied to raw material availability and global gelatine demand.
74GF Score

Get the complete analysis for BOM:526739

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

₹469.95
Price
₹465.46
GF Value