GSL Securities (BOM:530469) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
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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
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:530469 GSL Securities Ltd BOM:530469
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What is GSL Securities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GSL Securities  (BOM:530469) 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.


GSL Securities Cyclically Adjusted PB Ratio Related Terms


GSL Securities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GSL Securities'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.

GSL Securities Cyclically Adjusted PB Ratio Chart

GSL Securities 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 0.43 0.47 0.63 1.25 1.78

GSL Securities 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 2.52 0.00 1.78 0.00

BOM:530469 vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, GSL Securities'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.


GSL Securities Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, GSL Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:530469
37GF Score
GSL Securities Ltd BOM:530469
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GSL Securities 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.

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

For example, GSL Securities'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.

GSL Securities Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.383 105.961 8.502
201612 5.344 105.196 8.502
201703 15.702 105.196 24.980
201706 5.765 107.109 9.008
201709 21.816 109.021 33.489
201712 21.473 109.404 32.848
201803 16.946 109.786 25.832
201806 16.264 111.317 24.452
201809 16.054 115.142 23.334
201812 16.721 115.142 24.304
201903 18.591 118.202 26.322
201906 18.186 120.880 25.178
201909 18.222 123.175 24.758
201912 0.000 126.235 0.000
202003 17.402 124.705 23.354
202006 0.000 127.000 0.000
202009 17.808 130.118 22.905
202012 0.000 130.889 0.000
202103 17.787 131.771 22.591
202106 0.000 134.084 0.000
202109 17.859 135.847 22.001
202112 0.000 138.161 0.000
202203 17.450 138.822 21.037
202206 0.000 142.347 0.000
202209 17.300 144.661 20.014
202212 0.000 145.763 0.000
202303 16.718 146.865 19.051
202306 0.000 150.280 0.000
202309 17.444 151.492 19.271
202312 0.000 152.924 0.000
202403 17.501 153.035 19.139
202406 0.000 155.789 0.000
202409 17.575 157.882 18.630
202412 0.000 158.323 0.000
202503 17.896 157.552 19.010
202506 0.000 159.755 0.000
202509 17.832 162.289 18.389
202512 0.000 163.281 0.000
202603 22.822 164.272 23.251
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.


GSL Securities Business Description

Address Tardeo Road, 1/25 and 1/26 1st Floor, Airconditioned Market Society, Tardeo, Mumbai, MH, IND, 400 034
GSL Securities Ltd is a non-banking financial company. It is engaged in investments and provides short-term finance services. It generates revenue from the sale of shares, interest received, and dividend income.
37GF Score

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

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