Spectrum Foods (BOM:531982) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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
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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:531982 Spectrum Foods Ltd BOM:531982
62 GF Score
Price ₹17.27
GF Value ₹19.35
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Spectrum Foods Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Spectrum Foods  (BOM:531982) 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.


Spectrum Foods Cyclically Adjusted PB Ratio Related Terms


Spectrum Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spectrum Foods'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.

Spectrum Foods Cyclically Adjusted PB Ratio Chart

Spectrum Foods 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 1.49 3.85 6.88 5.52 1.96

Spectrum Foods 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 3.67 0.00 1.96 0.00

BOM:531982 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Spectrum Foods'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.


Spectrum Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Spectrum Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:531982
62GF Score
Spectrum Foods Ltd BOM:531982
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Spectrum Foods 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.

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

For example, Spectrum Foods'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.

Spectrum Foods Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.307 105.961 6.803
201612 0.000 105.196 0.000
201703 3.473 105.196 5.525
201706 0.000 107.109 0.000
201709 3.111 109.021 4.776
201712 0.000 109.404 0.000
201803 2.052 109.786 3.128
201806 0.000 111.317 0.000
201809 1.665 115.142 2.420
201812 0.000 115.142 0.000
201903 1.412 118.202 1.999
201906 0.000 120.880 0.000
201909 2.247 123.175 3.053
201912 0.000 126.235 0.000
202003 1.531 124.705 2.055
202006 0.000 127.000 0.000
202009 2.167 130.118 2.787
202012 0.000 130.889 0.000
202103 -0.119 131.771 -0.151
202106 0.000 134.084 0.000
202109 1.272 135.847 1.567
202112 0.000 138.161 0.000
202203 -0.342 138.822 -0.412
202206 0.000 142.347 0.000
202209 3.067 144.661 3.548
202212 0.000 145.763 0.000
202303 -0.007 146.865 -0.008
202306 0.000 150.280 0.000
202309 5.337 151.492 5.896
202312 0.000 152.924 0.000
202403 1.154 153.035 1.262
202406 0.000 155.789 0.000
202409 18.442 157.882 19.549
202412 0.000 158.323 0.000
202503 16.511 157.552 17.539
202506 0.000 159.755 0.000
202509 17.759 162.289 18.314
202512 0.000 163.281 0.000
202603 16.629 164.272 16.941
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 Spectrum Foods (BOM:531982) Overvalued in 2026?

Based on GuruFocus' analysis, Spectrum Foods stock appears to be undervalued. The current stock price of ₹17.27 is trading 10.7% below its estimated GF Value™ of ₹19.35. GuruFocus considers Spectrum Foods to be Modestly Undervalued.

Key valuation signals for BOM:531982:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹19.35 vs. price of ₹17.27 (10.7% below fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the BOM:531982 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spectrum Foods Business Description

Address Krishna Marg, Surya House, C-Scheme, L-5, B-II, Jaipur, RJ, IND, 302001
Spectrum Foods Ltd is active in the manufacturing and selling of salt and spices also engaged in Wind Energy generation. The company's operating segment includes Salt Business and Energy. It generates maximum revenue from the Salt Business segment. The company offers a wide array of spices in various forms such as whole, grounded, blended and flakes. Its specialized variety of spices includes - turmeric powder, red chili powder, cumin seeds, fennel powder, coriander seeds, fenugreek seeds, mixed spices, and others.
62GF Score

Get the complete analysis for BOM:531982

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

₹17.27
Price
₹19.35
GF Value