SG Finserve (BOM:539199) Cyclically Adjusted PB Ratio: (As of Sep. 14, 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:539199 SG Finserve Ltd BOM:539199
76 GF Score
Price ₹661.05
GF Value ₹833.05
Valuation Modestly Undervalued
! 9 Warning Signs
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What is SG Finserve Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SG Finserve  (BOM:539199) 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.


SG Finserve Cyclically Adjusted PB Ratio Related Terms


SG Finserve Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SG Finserve'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.

SG Finserve Cyclically Adjusted PB Ratio Chart

SG Finserve 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 0.00 0.00 0.00 6.55 5.04

SG Finserve 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 5.03 0.00 5.04 0.00

BOM:539199 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, SG Finserve'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.


SG Finserve Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SG Finserve's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:539199
76GF Score
SG Finserve Ltd BOM:539199
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SG Finserve 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.

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

For example, SG Finserve'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.

SG Finserve Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 14.502 105.196 23.071
201706 0.000 107.109 0.000
201709 15.243 109.021 23.399
201712 0.000 109.404 0.000
201803 15.671 109.786 23.889
201806 0.000 111.317 0.000
201809 14.192 115.142 20.628
201812 0.000 115.142 0.000
201903 14.987 118.202 21.219
201906 0.000 120.880 0.000
201909 14.464 123.175 19.652
201912 0.000 126.235 0.000
202003 12.996 124.705 17.441
202006 0.000 127.000 0.000
202009 13.837 130.118 17.797
202012 0.000 130.889 0.000
202103 16.148 131.771 20.509
202106 0.000 134.084 0.000
202109 17.691 135.847 21.795
202112 0.000 138.161 0.000
202203 17.714 138.822 21.355
202206 0.000 142.347 0.000
202209 92.765 144.661 107.319
202212 0.000 145.763 0.000
202303 138.850 146.865 158.224
202306 0.000 150.280 0.000
202309 138.121 151.492 152.586
202312 0.000 152.924 0.000
202403 146.671 153.035 160.398
202406 0.000 155.789 0.000
202409 153.232 157.882 162.428
202412 0.000 158.323 0.000
202503 181.551 157.552 192.850
202506 0.000 159.755 0.000
202509 191.641 162.289 197.626
202512 0.000 163.281 0.000
202603 223.730 164.272 227.931
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 SG Finserve (BOM:539199) Overvalued in 2026?

Based on GuruFocus' analysis, SG Finserve stock appears to be undervalued. The current stock price of ₹661.05 is trading 20.6% below its estimated GF Value™ of ₹833.05. GuruFocus considers SG Finserve to be Modestly Undervalued.

Key valuation signals for BOM:539199:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹833.05 vs. price of ₹661.05 (20.6% below fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the BOM:539199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SG Finserve Business Description

Other Exchanges SGFIN:India
Address 35-36, Kaushambi, Near Anand Vihar Terminal, Ghaziabad, UP, IND, 201010
SG Finserve Ltd is engaged in the business of supply chain finance. The group provide solutions of Dealer financing, Retailer financing, Vendor financing, Logistics / transporter financing, and Tailor Made Term Lending Solutions. Geographically, it operates in domestic market.
76GF Score

Get the complete analysis for BOM:539199

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

₹661.05
Price
₹833.05
GF Value