Indian Bank (BOM:532814) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:532814 Indian Bank BOM:532814
60 GF Score
Price ₹844.80
GF Value ₹661.72
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Indian Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indian Bank  (BOM:532814) 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.


Indian Bank Cyclically Adjusted PB Ratio Related Terms


Indian Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indian 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.

Indian Bank Cyclically Adjusted PB Ratio Chart

Indian Bank 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 0.35 0.63 1.10 1.11 1.64

Indian Bank 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 1.30 1.49 1.65 1.64 1.56

Indian Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Indian 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.


Indian Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BOM:532814
60GF Score
Indian Bank BOM:532814
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian 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.

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

For example, Indian Bank'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)
=623.179/167.3573*167.3573
=623.179

Current CPI (Jun. 2026) = 167.3573.

Indian Bank Quarterly Data

Book Value per Share CPI Adj_Book
200903 159.717 56.615 472.136
201003 186.443 65.030 479.816
201103 216.076 70.768 510.991
201203 244.557 76.889 532.307
201303 272.072 85.687 531.390
201403 301.682 91.425 552.242
201503 312.913 97.163 538.974
201806 111.317 0.000
201809 399.716 115.142 580.982
201812 115.142 0.000
201903 410.915 118.202 581.797
201906 120.880 0.000
201909 480.635 123.175 653.037
201912 126.235 0.000
202003 374.322 124.705 502.349
202006 127.000 0.000
202009 331.948 130.118 426.951
202012 130.889 0.000
202103 349.582 131.771 443.992
202106 134.084 0.000
202109 349.394 135.847 430.437
202112 138.161 0.000
202203 361.132 138.822 435.364
202206 142.347 0.000
202209 382.195 144.661 442.158
202212 145.763 0.000
202303 397.715 146.865 453.210
202306 150.280 0.000
202309 428.881 151.492 473.796
202312 152.924 0.000
202403 447.506 153.035 489.389
202406 155.789 0.000
202409 491.870 157.882 521.389
202412 158.323 0.000
202503 531.159 157.552 564.217
202506 550.965 159.755 577.183
202509 571.064 162.289 588.898
202512 593.572 163.281 608.391
202603 594.504 164.272 605.668
202606 623.179 167.357 623.179

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 Indian Bank (BOM:532814) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Bank stock appears to be overvalued. The current stock price of ₹844.80 is trading 27.7% above its estimated GF Value™ of ₹661.72. GuruFocus considers Indian Bank to be Modestly Overvalued.

Key valuation signals for BOM:532814:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹661.72 vs. price of ₹844.80 (27.7% above fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the BOM:532814 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Bank Business Description

Other Exchanges INDIANB:India
Address 254-260, Avvai Shanmugam Salai, Royapettah, Chennai, TN, IND, 600014
Indian Bank is a provider of banking products and services in India and internationally. The bank is headquartered in India and generates the majority of revenue domestically. The bank operates through four segments: Treasury, Corporate/Wholesale banking, Retail banking, and other banking operations. A majority of its revenue is generated from the Retail banking segment. The company provides deposits, savings and current accounts, merchant banking, and stock broking to its customers. The company has a nationwide network of branches as well as branches in Singapore and Sri Lanka. The Government of India is a shareholder.
60GF Score

Get the complete analysis for BOM:532814

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

₹844.80
Price
₹661.72
GF Value