Gravity (India) (BOM:532015) Cyclically Adjusted PB Ratio: 1.19 (As of Aug. 15, 2026) — 272% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:532015 Gravity (India) Ltd BOM:532015
47 GF Score
Price ₹14.12
! 2 Warning Signs
View Full Analysis

What is Gravity (India) Cyclically Adjusted PB Ratio?

Gravity (India) BOM:532015 +4.98% 47 Cyclically Adjusted PB Ratio is 1.19 as of Aug. 15, 2026, which is 272% above its 10-year median of 0.32. GuruFocus rates BOM:532015 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 827 Manufacturing - Apparel & Accessories companies, Gravity (India) ranks better than 52.6% on this metric.

As of today (2026-08-15), Gravity (India)'s current share price is ₹14.12. Gravity (India)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹11.84. Gravity (India)'s Cyclically Adjusted PB Ratio for today is 1.19.

The historical rank and industry rank for Gravity (India)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:532015' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.32   Max: 1.54
Current: 0.93

During the past years, Gravity (India)'s highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.11. And the median was 0.32.

BOM:532015's Cyclically Adjusted PB Ratio is ranked better than
52.6% of 827 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.98 vs BOM:532015: 0.93

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.

Gravity (India)'s adjusted book value per share data for the three months ended in Mar. 2026 was ₹14.599. 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 ₹11.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gravity (India)  (BOM:532015) 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.


Gravity (India) Cyclically Adjusted PB Ratio Related Terms


Gravity (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gravity (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.

Gravity (India) Cyclically Adjusted PB Ratio Chart

Gravity (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 0.36 0.24 0.27 0.33 0.91

Gravity (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.33 0.00 0.47 0.00 0.91

Gravity (India) Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Gravity (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.


Gravity (India) Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gravity (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532015
47GF Score
Gravity (India) Ltd BOM:532015
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gravity (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.

Gravity (India)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.12/11.84
=1.19

* 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.

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

For example, Gravity (India)'s adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.599/164.2724*164.2724
=14.599

Current CPI (Mar. 2026) = 164.2724.

Gravity (India) Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 11.298 105.961 17.515
201612 0.000 105.196 0.000
201703 10.549 105.196 16.473
201706 0.000 107.109 0.000
201709 10.604 109.021 15.978
201712 0.000 109.404 0.000
201803 9.878 109.786 14.780
201806 0.000 111.317 0.000
201809 9.879 115.142 14.094
201812 0.000 115.142 0.000
201903 10.876 118.202 15.115
201906 0.000 120.880 0.000
201909 10.598 123.175 14.134
201912 0.000 126.235 0.000
202003 11.190 124.705 14.740
202006 0.000 127.000 0.000
202009 11.016 130.118 13.908
202012 0.000 130.889 0.000
202103 10.910 131.771 13.601
202106 0.000 134.084 0.000
202109 10.982 135.847 13.280
202112 0.000 138.161 0.000
202203 10.990 138.822 13.005
202206 0.000 142.347 0.000
202209 10.592 144.661 12.028
202212 0.000 145.763 0.000
202303 10.016 146.865 11.203
202306 0.000 150.280 0.000
202309 9.545 151.492 10.350
202312 0.000 152.924 0.000
202403 3.982 153.035 4.274
202406 0.000 155.789 0.000
202409 1.984 157.882 2.064
202412 0.000 158.323 0.000
202503 2.019 157.552 2.105
202506 0.000 159.755 0.000
202509 3.502 162.289 3.545
202512 0.000 163.281 0.000
202603 14.599 164.272 14.599

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 1.19 mean?
Gravity (India) (BOM:532015) has a Cyclically Adjusted PB Ratio of 1.19 as of Aug. 15, 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 Gravity (India) and its competitors. This is 272% above median its historical median of 0.32. Over the past decade, Gravity (India)'s Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.54. According to the industry distribution chart, Gravity (India) ranks #392 out of 827 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 47.4%.
Is Gravity (India)'s Cyclically Adjusted PB Ratio too high?
Gravity (India)'s current Cyclically Adjusted PB Ratio of 1.19 is 272% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.54. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.98. Gravity (India)'s value of 1.19 is 21.4% above this industry median. Based on the distribution chart, Gravity (India) ranks #392 out of 827 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Gravity (India) has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Gravity (India)'s Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gravity (India) ranks #392 out of 827 companies for Cyclically Adjusted PB Ratio. This puts Gravity (India) in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Gravity (India)'s value of 1.19 is 21.4% above this benchmark. Historically, Gravity (India)'s own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.54 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.98, Gravity (India) 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.98, based on 827 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. Gravity (India)'s current Cyclically Adjusted PB Ratio of 1.19 is 21.4% 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 Gravity (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gravity (India)'s current Cyclically Adjusted PB Ratio is 1.19, which is 272% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gravity (India) stock overvalued right now?
Gravity (India) (BOM:532015) has a current Cyclically Adjusted PB Ratio of 1.19. The current Cyclically Adjusted PB Ratio is 1.19, which is 272% above median its 10-year median of 0.32 and 21.4% above the Manufacturing - Apparel & Accessories industry median of 0.98. Gravity (India)'s overall GF Score™ is 47/100 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 Gravity (India) (BOM:532015), the current Cyclically Adjusted PB Ratio is 1.19 as of Aug. 15, 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.

Gravity (India) Business Description

Address Thane-Bhiwandi Road, Building No. Q17, Ground Floor, Shree Rajlaxmi Commercial Complex, Kalher, Bhiwandi, MH, IND, 421302
Gravity (India) Ltd is an Indian-based textile manufacturing company. It is engaged in the business activity of dealing in fabrics and all kinds of Shirting, Furnishing, Industrial Fabric, and customizing as per the customer requirement. The company's product portfolio includes Aspire, Sindhu, and Sania.
47GF Score

Get the complete analysis for BOM:532015

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

₹14.12
Price