KJMCorate Advisors (India) (BOM:532304) Cyclically Adjusted PB Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:532304 KJMC Corporate Advisors (India) Ltd BOM:532304
69 GF Score
Price ₹59.00
GF Value ₹92.87
Valuation Significantly Undervalued
! 1 Warning Sign
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What is KJMCorate Advisors (India) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KJMCorate Advisors (India)  (BOM:532304) 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.


KJMCorate Advisors (India) Cyclically Adjusted PB Ratio Related Terms


KJMCorate Advisors (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KJMCorate Advisors (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.

KJMCorate Advisors (India) Cyclically Adjusted PB Ratio Chart

KJMCorate Advisors (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 0.00 0.00 0.00 0.00 0.29

KJMCorate Advisors (India) 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 0.47 0.00 0.29 0.00

BOM:532304 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, KJMCorate Advisors (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.


KJMCorate Advisors (India) Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, KJMCorate Advisors (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532304
69GF Score
KJMC Corporate Advisors (India) Ltd BOM:532304
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KJMCorate Advisors (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.

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

For example, KJMCorate Advisors (India)'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.

KJMCorate Advisors (India) Quarterly Data

Book Value per Share CPI Adj_Book
201203 76.871 76.889 167.319
201303 80.507 85.687 157.240
201403 80.337 91.425 147.060
201503 81.261 97.163 139.967
201603 81.246 102.518 132.631
201703 81.549 105.196 129.737
201803 103.945 109.786 158.453
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 88.599 118.202 125.444
201906 0.000 120.880 0.000
201909 83.738 123.175 113.774
201912 0.000 126.235 0.000
202003 77.177 124.705 103.573
202006 0.000 127.000 0.000
202009 98.392 130.118 126.552
202012 0.000 130.889 0.000
202103 133.217 131.771 169.194
202106 0.000 134.084 0.000
202109 151.367 135.847 186.477
202112 0.000 138.161 0.000
202203 155.246 138.822 187.158
202206 0.000 142.347 0.000
202209 145.116 144.661 167.884
202212 0.000 145.763 0.000
202303 116.202 146.865 132.416
202306 0.000 150.280 0.000
202309 137.853 151.492 152.290
202312 0.000 152.924 0.000
202403 149.520 153.035 163.514
202406 0.000 155.789 0.000
202409 174.779 157.882 185.268
202412 0.000 158.323 0.000
202503 172.143 157.552 182.857
202506 0.000 159.755 0.000
202509 167.010 162.289 172.226
202512 0.000 163.281 0.000
202603 145.873 164.272 148.612
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 KJMCorate Advisors (India) (BOM:532304) Overvalued in 2026?

Based on GuruFocus' analysis, KJMCorate Advisors (India) stock appears to be undervalued. The current stock price of ₹59.00 is trading 36.5% below its estimated GF Value™ of ₹92.87. GuruFocus considers KJMCorate Advisors (India) to be Significantly Undervalued.

Key valuation signals for BOM:532304:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹92.87 vs. price of ₹59.00 (36.5% below fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the BOM:532304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KJMCorate Advisors (India) Business Description

Address Nariman Point, 162, 16th Floor, Atlanta Building, Mumbai, MH, IND, 400021
KJMC Corporate Advisors (India) Ltd provides merchant banking services. The company is in the business of providing Corporate Advisory, Financial Advisory, Equity Valuation, and Investment Banking services. It offers various services to the corporate sector, which include merchant banking, mergers and acquisition advisory services, syndication of funds, syndication of debt, and channel financing. The company operates with a single business segment of merchant banking operations in India. The company's revenue is generated from the Sale of Services, Brokerage and Depository Income, Sale of Shares/Mutual Funds, Fair Value Changes, and Interest Income; the majority being from the Income from Brokerage & Depository Income.
69GF Score

Get the complete analysis for BOM:532304

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

₹59.00
Price
₹92.87
GF Value