Shree Ajit Pulp And Paper (BOM:538795) Cyclically Adjusted PB Ratio: (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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:538795 Shree Ajit Pulp And Paper Ltd BOM:538795
75 GF Score
Price ₹281.05
GF Value ₹338.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shree Ajit Pulp And Paper  (BOM:538795) 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.


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Related Terms


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Chart

Shree Ajit Pulp And Paper 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 1.39 0.93 0.90 0.84 1.08

Shree Ajit Pulp And Paper 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 1.02 0.00 1.08 0.00

Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Shree Ajit Pulp And Paper'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.


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Ajit Pulp And Paper's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shree Ajit Pulp And Paper's Cyclically Adjusted PB Ratio falls into.


BOM:538795
75GF Score
Shree Ajit Pulp And Paper Ltd BOM:538795
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shree Ajit Pulp And Paper 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.

Shree Ajit Pulp And Paper's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper Quarterly Data

Book Value per Share CPI Adj_Book
201609 116.663 105.961 184.260
201612 0.000 105.196 0.000
201703 117.384 105.196 186.747
201706 0.000 107.109 0.000
201709 122.677 109.021 188.320
201712 0.000 109.404 0.000
201803 126.488 109.786 192.817
201806 0.000 111.317 0.000
201809 144.359 115.142 209.824
201812 0.000 115.142 0.000
201903 156.135 118.202 221.065
201906 0.000 120.880 0.000
201909 169.493 123.175 230.289
201912 0.000 126.235 0.000
202003 180.648 124.705 242.434
202006 0.000 127.000 0.000
202009 186.081 130.118 239.337
202012 0.000 130.889 0.000
202103 210.394 131.771 267.214
202106 0.000 134.084 0.000
202109 228.192 135.847 281.122
202112 0.000 138.161 0.000
202203 237.059 138.822 285.788
202206 0.000 142.347 0.000
202209 242.568 144.661 280.625
202212 0.000 145.763 0.000
202303 262.563 146.865 299.200
202306 0.000 150.280 0.000
202309 260.845 151.492 288.163
202312 0.000 152.924 0.000
202403 254.545 153.035 278.368
202406 0.000 155.789 0.000
202409 268.757 157.882 284.886
202412 0.000 158.323 0.000
202503 277.791 157.552 295.080
202506 0.000 159.755 0.000
202509 292.256 162.289 301.383
202512 0.000 163.281 0.000
202603 312.594 164.272 318.464
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 Shree Ajit Pulp And Paper (BOM:538795) Overvalued in 2026?

Based on GuruFocus' analysis, Shree Ajit Pulp And Paper stock appears to be undervalued. The current stock price of ₹281.05 is trading 17.1% below its estimated GF Value™ of ₹338.88. GuruFocus considers Shree Ajit Pulp And Paper to be Modestly Undervalued.

Key valuation signals for BOM:538795:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹338.88 vs. price of ₹281.05 (17.1% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the BOM:538795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shree Ajit Pulp And Paper Business Description

Other Exchanges SAPPL:India
Address Survey No. 239, Village Salvav, Near Morai Railway Crossing, Via-Vapi, District Valsad, Vapi, GJ, IND, 396191
Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of Kraft Paper (Testliner/Multilayer Testliner), which is mainly used for the manufacturing of corrugated boxes. The product includes multilayer test liner and test liner paper, and is available in two shades, which are natural and golden yellow. The Kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material. Geographically, the company derives all of its revenue from its business in India.
75GF Score

Get the complete analysis for BOM:538795

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

₹281.05
Price
₹338.88
GF Value