Nandan Denim (BOM:532641) Cyclically Adjusted PB Ratio: (As of Sep. 05, 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.
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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:532641 Nandan Denim Ltd BOM:532641
76 GF Score
Price ₹2.83
GF Value ₹3.13
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Nandan Denim Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nandan Denim  (BOM:532641) 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.


Nandan Denim Cyclically Adjusted PB Ratio Related Terms


Nandan Denim Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nandan Denim'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.

Nandan Denim Cyclically Adjusted PB Ratio Chart

Nandan Denim 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 1.84 0.43 0.82 0.85 0.41

Nandan Denim 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 0.77 0.00 0.41 0.00

Nandan Denim Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Nandan Denim'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.


Nandan Denim Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nandan Denim's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532641
76GF Score
Nandan Denim Ltd BOM:532641
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nandan Denim 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.

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

For example, Nandan Denim'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.

Nandan Denim Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.745 105.961 4.336
201612 0.000 105.196 0.000
201703 3.036 105.196 4.830
201706 0.000 107.109 0.000
201709 3.077 109.021 4.723
201712 0.000 109.404 0.000
201803 3.291 109.786 5.017
201806 0.000 111.317 0.000
201809 3.352 115.142 4.872
201812 0.000 115.142 0.000
201903 3.404 118.202 4.820
201906 0.000 120.880 0.000
201909 3.447 123.175 4.683
201912 0.000 126.235 0.000
202003 3.401 124.705 4.564
202006 0.000 127.000 0.000
202009 3.146 130.118 4.046
202012 0.000 130.889 0.000
202103 3.268 131.771 4.151
202106 0.000 134.084 0.000
202109 3.493 135.847 4.303
202112 0.000 138.161 0.000
202203 3.738 138.822 4.506
202206 0.000 142.347 0.000
202209 3.817 144.661 4.416
202212 0.000 145.763 0.000
202303 3.747 146.865 4.270
202306 0.000 150.280 0.000
202309 3.820 151.492 4.220
202312 0.000 152.924 0.000
202403 4.060 153.035 4.440
202406 0.000 155.789 0.000
202409 4.173 157.882 4.423
202412 0.000 158.323 0.000
202503 4.293 157.552 4.560
202506 0.000 159.755 0.000
202509 4.437 162.289 4.576
202512 0.000 163.281 0.000
202603 4.517 164.272 4.602
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 Nandan Denim (BOM:532641) Overvalued in 2026?

Based on GuruFocus' analysis, Nandan Denim stock appears to be undervalued. The current stock price of ₹2.83 is trading 9.6% below its estimated GF Value™ of ₹3.13. GuruFocus considers Nandan Denim to be Modestly Undervalued.

Key valuation signals for BOM:532641:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3.13 vs. price of ₹2.83 (9.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the BOM:532641 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nandan Denim Business Description

Other Exchanges NDL:India
Address Near Shivranjani Cross Road, Chiripal House, Satellite, Ahmedabad, GJ, IND, 380015
Nandan Denim Ltd is engaged in the manufacturing and sale of fabrics. Its product portfolio includes Regular Basic denim, Knit denim, Smart Casuals, Textured, Organic Cotton yarn, Blended yarn, and others. The majority of its revenue is generated from the Indian market and it also exports its products to other countries.
76GF Score

Get the complete analysis for BOM:532641

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

₹2.83
Price
₹3.13
GF Value