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PNB Gilts (BOM:532366) Cyclically Adjusted PB Ratio : 1.31 (As of Jul. 08, 2025)


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What is PNB Gilts Cyclically Adjusted PB Ratio?

As of today (2025-07-08), PNB Gilts's current share price is ₹97.85. PNB Gilts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹74.71. PNB Gilts's Cyclically Adjusted PB Ratio for today is 1.31.

The historical rank and industry rank for PNB Gilts's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:532366' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.06   Max: 2.05
Current: 1.31

During the past years, PNB Gilts's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.63. And the median was 1.06.

BOM:532366's Cyclically Adjusted PB Ratio is ranked worse than
50.24% of 637 companies
in the Capital Markets industry
Industry Median: 1.3 vs BOM:532366: 1.31

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.

PNB Gilts's adjusted book value per share data for the three months ended in Mar. 2025 was ₹85.840. 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 ₹74.71 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PNB Gilts Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PNB Gilts'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.

* Premium members only.

PNB Gilts Cyclically Adjusted PB Ratio Chart

PNB Gilts Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.92 0.86 1.55 1.08

PNB Gilts Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.55 - 1.67 - 1.08

Competitive Comparison of PNB Gilts's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, PNB Gilts'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.


PNB Gilts's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PNB Gilts's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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PNB Gilts 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.

PNB Gilts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=97.85/74.71
=1.31

* 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.

PNB Gilts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PNB Gilts's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=85.84/157.5517*157.5517
=85.840

Current CPI (Mar. 2025) = 157.5517.

PNB Gilts Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 41.251 101.753 63.872
201512 0.000 102.901 0.000
201603 40.646 102.518 62.465
201606 0.000 105.961 0.000
201609 45.619 105.961 67.830
201612 0.000 105.196 0.000
201703 50.545 105.196 75.701
201706 0.000 107.109 0.000
201709 49.123 109.021 70.990
201712 0.000 109.404 0.000
201803 47.612 109.786 68.327
201806 0.000 111.317 0.000
201809 44.575 115.142 60.993
201812 0.000 115.142 0.000
201903 49.312 118.202 65.728
201906 0.000 120.880 0.000
201909 50.008 123.175 63.965
201912 0.000 126.235 0.000
202003 57.915 124.705 73.169
202006 0.000 127.000 0.000
202009 71.659 130.118 86.767
202012 0.000 130.889 0.000
202103 73.128 131.771 87.436
202106 0.000 134.084 0.000
202109 76.900 135.847 89.187
202112 0.000 138.161 0.000
202203 79.291 138.822 89.989
202206 0.000 142.347 0.000
202209 68.914 144.661 75.055
202212 0.000 145.763 0.000
202303 69.996 146.865 75.089
202306 0.000 150.280 0.000
202309 70.938 151.492 73.776
202312 0.000 152.924 0.000
202403 73.871 153.035 76.051
202406 0.000 155.789 0.000
202409 82.200 157.882 82.028
202412 0.000 158.323 0.000
202503 85.840 157.552 85.840

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.


PNB Gilts  (BOM:532366) 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.


PNB Gilts Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PNB Gilts's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PNB Gilts Business Description

Traded in Other Exchanges
Address
5, Sansad Marg, New Delhi, IND, 110001
PNB Gilts Ltd is engaged in the business of dealing with government securities. The company offers Treasury-Bills/Commercial paper/ Certificates of deposit, Corporate bonds, and debentures, Government securities, Derivatives, Fixed deposits, and Mutual funds. Its primary activities include supporting government borrowing programs through the underwriting of government securities issuances and trading in a gamut of fixed-income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers.

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