Kiri Industries (BOM:532967) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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:532967 Kiri Industries Ltd BOM:532967
65 GF Score
Price ₹579.05
GF Value ₹435.71
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Kiri Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kiri Industries  (BOM:532967) 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.


Kiri Industries Cyclically Adjusted PB Ratio Related Terms


Kiri Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kiri Industries'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.

Kiri Industries Cyclically Adjusted PB Ratio Chart

Kiri Industries 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 1.00 0.54 0.54 1.05 0.51

Kiri Industries 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 0.89 0.00 0.51 0.00

BOM:532967 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Kiri Industries'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.


Kiri Industries Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kiri Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532967
65GF Score
Kiri Industries Ltd BOM:532967
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kiri Industries 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.

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

For example, Kiri Industries'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.

Kiri Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 302.567 105.961 477.881
201612 0.000 105.196 0.000
201703 370.810 105.196 589.925
201706 0.000 107.109 0.000
201709 446.994 109.021 686.175
201712 0.000 109.404 0.000
201803 464.457 109.786 708.014
201806 0.000 111.317 0.000
201809 511.033 115.142 742.780
201812 0.000 115.142 0.000
201903 500.041 118.202 707.987
201906 0.000 120.880 0.000
201909 501.546 123.175 681.448
201912 0.000 126.235 0.000
202003 575.067 124.705 771.754
202006 0.000 127.000 0.000
202009 581.972 130.118 748.531
202012 0.000 130.889 0.000
202103 649.726 131.771 825.195
202106 0.000 134.084 0.000
202109 594.099 135.847 731.903
202112 0.000 138.161 0.000
202203 496.323 138.822 598.345
202206 0.000 142.347 0.000
202209 518.237 144.661 599.544
202212 0.000 145.763 0.000
202303 516.897 146.865 589.022
202306 0.000 150.280 0.000
202309 520.023 151.492 574.483
202312 0.000 152.924 0.000
202403 537.046 153.035 587.309
202406 0.000 155.789 0.000
202409 572.486 157.882 606.843
202412 0.000 158.323 0.000
202503 583.622 157.552 619.945
202506 0.000 159.755 0.000
202509 546.328 162.289 563.389
202512 0.000 163.281 0.000
202603 1,072.314 164.272 1,092.451
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 Kiri Industries (BOM:532967) Overvalued in 2026?

Based on GuruFocus' analysis, Kiri Industries stock appears to be overvalued. The current stock price of ₹579.05 is trading 32.9% above its estimated GF Value™ of ₹435.71. GuruFocus considers Kiri Industries to be Significantly Overvalued.

Key valuation signals for BOM:532967:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹435.71 vs. price of ₹579.05 (32.9% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the BOM:532967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kiri Industries Business Description

Other Exchanges KIRIINDUS:India
Address Hasubhai Chambers, 7th Floor, Opposite Town Hall, Ellisbridge, Ahmedabad, GJ, IND, 380 006
Kiri Industries Ltd is a company that manufactures and exports a wide range of dyes, intermediates, and chemicals. It provides products and services across the entire value chain in numerous industrial sectors such as apparel, hosiery, automotive, carpets, leather, home upholstery, and industrial fabrics. Its dye products include reactive dyes, acid dyes, and direct dyes. The intermediates section contains sulfuric acid, sulpho Tobias acid, pentose, and sulpho gamma acid. The basic chemicals include chlorosulfonic acid, sulfuric acid, oleum, and spent sulfuric acid. The company has a business presence in both the Indian and international markets, with the majority of its revenue generated from India.
65GF Score

Get the complete analysis for BOM:532967

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

₹579.05
Price
₹435.71
GF Value