Dhanlaxmi Bank (BOM:532180) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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:532180 Dhanlaxmi Bank Ltd BOM:532180
59 GF Score
Price ₹29.51
GF Value ₹28.58
Valuation Fairly Valued
! 3 Warning Signs
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What is Dhanlaxmi Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dhanlaxmi Bank  (BOM:532180) 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.


Dhanlaxmi Bank Cyclically Adjusted PB Ratio Related Terms


Dhanlaxmi Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dhanlaxmi Bank'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.

Dhanlaxmi Bank Cyclically Adjusted PB Ratio Chart

Dhanlaxmi Bank 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 0.22 0.31 0.96 0.87 0.56

Dhanlaxmi Bank 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 0.86 0.71 0.70 0.56 0.87

BOM:532180 vs USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Dhanlaxmi Bank'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.


Dhanlaxmi Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Dhanlaxmi Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532180
59GF Score
Dhanlaxmi Bank Ltd BOM:532180
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhanlaxmi Bank 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.

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

For example, Dhanlaxmi Bank'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)
=38.338/167.3573*167.3573
=38.338

Current CPI (Jun. 2026) = 167.3573.

Dhanlaxmi Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.303 105.961 36.805
201612 105.196 0.000
201703 25.293 105.196 40.239
201706 107.109 0.000
201709 25.269 109.021 38.790
201712 109.404 0.000
201803 24.022 109.786 36.619
201806 111.317 0.000
201809 22.969 115.142 33.385
201812 115.142 0.000
201903 24.396 118.202 34.541
201906 120.880 0.000
201909 25.739 123.175 34.971
201912 126.235 0.000
202003 26.504 124.705 35.569
202006 127.000 0.000
202009 27.149 130.118 34.919
202012 130.889 0.000
202103 27.696 131.771 35.176
202106 134.084 0.000
202109 28.031 135.847 34.533
202112 138.161 0.000
202203 28.847 138.822 34.777
202206 142.347 0.000
202209 28.509 144.661 32.982
202212 145.763 0.000
202303 30.807 146.865 35.106
202306 150.280 0.000
202309 32.802 151.492 36.237
202312 32.900 152.924 36.005
202403 33.006 153.035 36.095
202406 32.956 155.789 35.403
202409 33.837 157.882 35.868
202412 42.430 158.323 44.851
202503 35.351 157.552 37.551
202506 35.592 159.755 37.286
202509 35.909 162.289 37.030
202512 36.449 163.281 37.359
202603 37.343 164.272 38.044
202606 38.338 167.357 38.338

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 Dhanlaxmi Bank (BOM:532180) Overvalued in 2026?

Based on GuruFocus' analysis, Dhanlaxmi Bank stock appears to be overvalued. The current stock price of ₹29.51 is trading 3.3% above its estimated GF Value™ of ₹28.58. GuruFocus considers Dhanlaxmi Bank to be Fairly Valued.

Key valuation signals for BOM:532180:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹28.58 vs. price of ₹29.51 (3.3% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the BOM:532180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dhanlaxmi Bank Business Description

Other Exchanges DHANBANK:India
Address Punkunnam, Thrissur, Thrissur, KL, IND, 680 002
Dhanlaxmi Bank Ltd provides various banking and financial services in India. The bank operates through four segments. Its Treasury operations segment consists of interest earnings on the investment portfolio of the bank, gains or losses on investment operations, and earnings from foreign exchange business. The Corporate and wholesale banking segment offers loans and other banking services to the corporate segment. Its Retail Banking segment renders loans and other banking services to non-corporate customers. The Other banking operations segment includes income from para-banking activities such as debit cards, third-party product distribution, and associated costs. All the operations of the bank are located in India. The retail banking segment generates the highest revenue.
59GF Score

Get the complete analysis for BOM:532180

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

₹29.51
Price
₹28.58
GF Value