Bajaj Healthcare (BOM:539872) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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:539872 Bajaj Healthcare Ltd BOM:539872
67 GF Score
Price ₹328.85
GF Value ₹406.81
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Bajaj Healthcare Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bajaj Healthcare  (BOM:539872) 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.


Bajaj Healthcare Cyclically Adjusted PB Ratio Related Terms


Bajaj Healthcare Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bajaj Healthcare'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.

Bajaj Healthcare Cyclically Adjusted PB Ratio Chart

Bajaj Healthcare 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 0.00 3.17

Bajaj Healthcare 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 5.90 0.00 3.17 0.00

BOM:539872 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Bajaj Healthcare'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.


Bajaj Healthcare Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bajaj Healthcare's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:539872
67GF Score
Bajaj Healthcare Ltd BOM:539872
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bajaj Healthcare 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.

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

For example, Bajaj Healthcare'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.

Bajaj Healthcare Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.037 91.425 20.204
201503 13.820 97.163 23.804
201512 16.211 102.901 26.365
201603 32.827 102.518 53.589
201609 35.040 105.961 55.343
201703 35.872 105.196 57.069
201709 37.909 109.021 58.194
201803 41.167 109.786 62.755
201806 0.000 111.317 0.000
201809 43.137 115.142 62.699
201903 55.394 118.202 78.430
201906 0.000 120.880 0.000
201909 49.143 123.175 66.770
201912 0.000 126.235 0.000
202003 64.473 124.705 86.524
202006 0.000 127.000 0.000
202009 77.276 130.118 99.392
202012 0.000 130.889 0.000
202103 93.634 131.771 118.921
202106 0.000 134.084 0.000
202109 106.848 135.847 131.632
202112 0.000 138.161 0.000
202203 119.025 138.822 143.491
202206 0.000 142.347 0.000
202209 129.308 144.661 149.595
202212 0.000 145.763 0.000
202303 133.230 146.865 151.820
202306 0.000 150.280 0.000
202309 114.554 151.492 126.551
202312 0.000 152.924 0.000
202403 100.863 153.035 110.303
202406 0.000 155.789 0.000
202409 141.161 157.882 149.633
202412 0.000 158.323 0.000
202503 147.600 157.552 156.786
202506 0.000 159.755 0.000
202509 154.005 162.289 158.814
202512 0.000 163.281 0.000
202603 158.335 164.272 161.308
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 Bajaj Healthcare (BOM:539872) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Healthcare stock appears to be undervalued. The current stock price of ₹328.85 is trading 19.2% below its estimated GF Value™ of ₹406.81. GuruFocus considers Bajaj Healthcare to be Modestly Undervalued.

Key valuation signals for BOM:539872:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹406.81 vs. price of ₹328.85 (19.2% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the BOM:539872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Healthcare Business Description

Other Exchanges BAJAJHCARE:India
Address Road No. 23, Wagle Industrial Estate, 602-606, Bhoomi Velocity Infotech Park, Plot No. B-39, B-39A, B-39A/1, Thane (West), Thane, MH, IND, 400 604
Bajaj Healthcare Ltd is an India-based pharmaceutical company that manufactures Active Pharmaceutical Ingredients (APIs), Intermediates, Finished Dosage Forms, and Nutraceuticals. Its products include Intermediates, API, Formulation, and Impurities. The company derives a majority of its revenue from India.
67GF Score

Get the complete analysis for BOM:539872

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

₹328.85
Price
₹406.81
GF Value