Zenlabs Ethica (BOM:530697) Cyclically Adjusted PB Ratio: (As of Sep. 04, 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:530697 Zenlabs Ethica Ltd BOM:530697
61 GF Score
Price ₹29.00
GF Value ₹31.94
Valuation Fairly Valued
! 3 Warning Signs
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What is Zenlabs Ethica Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zenlabs Ethica  (BOM:530697) 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.


Zenlabs Ethica Cyclically Adjusted PB Ratio Related Terms


Zenlabs Ethica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zenlabs Ethica'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.

Zenlabs Ethica Cyclically Adjusted PB Ratio Chart

Zenlabs Ethica 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 2.47 5.40 3.02 2.10 1.09

Zenlabs Ethica 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 1.88 0.00 1.09 0.00

BOM:530697 vs MCK, COR, CAH: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Zenlabs Ethica'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.


Zenlabs Ethica Cyclically Adjusted PB Ratio vs Medical Distribution Industry

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

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


BOM:530697
61GF Score
Zenlabs Ethica Ltd BOM:530697
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zenlabs Ethica 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.

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

For example, Zenlabs Ethica'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.

Zenlabs Ethica Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.101 105.961 12.795
201612 0.000 105.196 0.000
201703 8.898 105.196 14.156
201706 0.000 107.109 0.000
201709 10.431 109.021 16.012
201712 0.000 109.404 0.000
201803 10.774 109.786 16.424
201806 0.000 111.317 0.000
201809 12.264 115.142 17.826
201812 0.000 115.142 0.000
201903 12.715 118.202 18.003
201906 0.000 120.880 0.000
201909 12.354 123.175 16.785
201912 0.000 126.235 0.000
202003 11.384 124.705 15.278
202006 0.000 127.000 0.000
202009 11.992 130.118 15.424
202012 0.000 130.889 0.000
202103 13.155 131.771 16.708
202106 0.000 134.084 0.000
202109 13.764 135.847 16.957
202112 0.000 138.161 0.000
202203 14.338 138.822 17.285
202206 0.000 142.347 0.000
202209 15.364 144.661 17.774
202212 0.000 145.763 0.000
202303 14.906 146.865 16.986
202306 0.000 150.280 0.000
202309 15.130 151.492 16.715
202312 0.000 152.924 0.000
202403 15.550 153.035 17.005
202406 0.000 155.789 0.000
202409 15.766 157.882 16.712
202412 0.000 158.323 0.000
202503 16.014 157.552 17.011
202506 0.000 159.755 0.000
202509 16.206 162.289 16.712
202512 0.000 163.281 0.000
202603 13.079 164.272 13.325
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 Zenlabs Ethica (BOM:530697) Overvalued in 2026?

Based on GuruFocus' analysis, Zenlabs Ethica stock appears to be undervalued. The current stock price of ₹29.00 is trading 9.2% below its estimated GF Value™ of ₹31.94. GuruFocus considers Zenlabs Ethica to be Fairly Valued.

Key valuation signals for BOM:530697:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹31.94 vs. price of ₹29.00 (9.2% below fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the BOM:530697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zenlabs Ethica Business Description

Address Plot No.194-195, 3rd Floor, Industrial Area, Phase-II, Ram Darbar, Chandigarh, IND, 160002
Zenlabs Ethica Ltd is a pharmaceutical company engaged in the trading of pharmaceutical formulations. It manufactures and markets drugs which include Gastrointestinal disorders, anti-diabetics, anti-hypertensive drugs, anti-infective, soaps, and anti-Bacterial drugs, nutraceuticals, and others. In addition, The company offers more than 600 products across therapeutic segments.
61GF Score

Get the complete analysis for BOM:530697

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

₹29.00
Price
₹31.94
GF Value