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Punjab National Bank (BOM:532461) Cyclically Adjusted PB Ratio : 0.61 (As of Jun. 29, 2025)


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What is Punjab National Bank Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Punjab National Bank's current share price is ₹106.35. Punjab National Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹173.10. Punjab National Bank's Cyclically Adjusted PB Ratio for today is 0.61.

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

BOM:532461' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.57   Max: 0.64
Current: 0.61

During the past years, Punjab National Bank's highest Cyclically Adjusted PB Ratio was 0.64. The lowest was 0.49. And the median was 0.57.

BOM:532461's Cyclically Adjusted PB Ratio is ranked better than
79.16% of 1281 companies
in the Banks industry
Industry Median: 1.03 vs BOM:532461: 0.61

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.

Punjab National Bank's adjusted book value per share data for the three months ended in Mar. 2025 was ₹115.843. 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 ₹173.10 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Punjab National Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Punjab National 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.

* Premium members only.

Punjab National Bank Cyclically Adjusted PB Ratio Chart

Punjab National Bank 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 - - - - 0.56

Punjab National Bank 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 - - 0.60 0.58 0.56

Competitive Comparison of Punjab National Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Punjab National 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.


Punjab National Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Punjab National 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.

Punjab National Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=106.35/173.10
=0.61

* 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.

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

For example, Punjab National Bank'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)
=115.843/157.5517*157.5517
=115.843

Current CPI (Mar. 2025) = 157.5517.

Punjab National Bank Quarterly Data

Book Value per Share CPI Adj_Book
200703 70.100 48.581 227.338
200803 82.916 52.407 249.272
200903 98.700 56.615 274.670
201003 118.634 65.030 287.420
201103 142.764 70.768 317.836
201203 165.239 76.889 338.589
201303 195.030 85.687 358.599
201403 210.419 91.425 362.613
201503 226.682 97.163 367.570
201603 212.896 102.518 327.182
201703 204.022 105.196 305.563
201803 151.511 109.786 217.430
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 100.095 118.202 133.417
201906 100.035 120.880 130.383
201909 139.508 123.175 178.443
201912 95.665 126.235 119.398
202003 94.806 124.705 119.777
202006 93.330 127.000 115.782
202009 84.322 130.118 102.100
202012 88.535 130.889 106.570
202103 88.316 131.771 105.595
202106 87.301 134.084 102.580
202109 88.543 135.847 102.690
202112 89.852 138.161 102.463
202203 88.622 138.822 100.579
202206 90.452 142.347 100.113
202209 91.713 144.661 99.885
202212 92.368 145.763 99.838
202303 93.434 146.865 100.233
202306 94.651 150.280 99.231
202309 96.481 151.492 100.340
202312 98.711 152.924 101.698
202403 100.251 153.035 103.210
202406 105.798 155.789 106.995
202409 110.208 157.882 109.977
202412 114.130 158.323 113.574
202503 115.843 157.552 115.843

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.


Punjab National Bank  (BOM:532461) 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.


Punjab National Bank Cyclically Adjusted PB Ratio Related Terms

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


Punjab National Bank Business Description

Traded in Other Exchanges
Address
Plot No. 4, Sector - 10, Dwarka, New Delhi, IND, 110075
Punjab National Bank is an Indian public sector bank. It engaged in providing banking services such as saving deposit, current account, fixed deposit schemes, capital gain account scheme, corporate loans, credit facilities, mutual fund insurance, cash management services, export-import (EXIM) financing, international banking, depository services, merchant banking, doorstep banking services, and others. The bank also provides its products and services through mobile banking, internet banking, and SMS banking. It manages its business into four segments namely Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The bank operates its business in India and overseas. The majority of the bank's revenue comes from India.

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