Jet Airways (India) (BOM:532617) Cyclically Adjusted PB Ratio: (As of Sep. 16, 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:532617 Jet Airways (India) Ltd BOM:532617
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What is Jet Airways (India) Cyclically Adjusted PB Ratio?

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Jet Airways (India)  (BOM:532617) 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.


Jet Airways (India) Cyclically Adjusted PB Ratio Related Terms


Jet Airways (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jet Airways (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.

Jet Airways (India) Cyclically Adjusted PB Ratio Chart

Jet Airways (India) Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 2.74 6.68 0.00 0.00

Jet Airways (India) Semi-Annual Data
Mar05 Mar06 Mar07 Mar08 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.17 1.78 0.92 2.74

BOM:532617 vs DAL, LUV, UAL: Cyclically Adjusted PB Ratio Comparison

For the Airlines subindustry, Jet Airways (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.


Jet Airways (India) Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532617
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Jet Airways (India) Ltd BOM:532617
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Jet Airways (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.

Jet Airways (India)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Mar18 is calculated as:

For example, Jet Airways (India)'s adjusted Book Value per Share data for the fiscal year that ended in Mar18 was:

Adj_Book=Book Value per Share/CPI of Mar18 (Change)*Current CPI (Mar18)
=-628.459/109.7864*109.7864
=-628.459

Current CPI (Mar18) = 109.7864.

Jet Airways (India) Annual Data

Book Value per Share CPI Adj_Book
200903 254.485 56.615 493.494
201003 200.334 65.030 338.211
201103 184.909 70.768 286.859
201203 -1.161 76.889 -1.658
201303 -211.702 85.687 -271.243
201403 -367.514 91.425 -441.324
201503 -556.774 97.163 -629.111
201603 -458.676 102.518 -491.194
201703 -572.651 105.196 -597.640
201803 -628.459 109.786 -628.459

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.


Jet Airways (India) Business Description

Address 252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070
Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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