Parag Milk Food (BOM:539889) Cyclically Adjusted PB Ratio: (As of Sep. 06, 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:539889 Parag Milk Food Ltd BOM:539889
79 GF Score
Price ₹249.80
GF Value ₹248.11
Valuation Fairly Valued
! 2 Warning Signs
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What is Parag Milk Food Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Parag Milk Food  (BOM:539889) 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.


Parag Milk Food Cyclically Adjusted PB Ratio Related Terms


Parag Milk Food Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Parag Milk Food'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.

Parag Milk Food Cyclically Adjusted PB Ratio Chart

Parag Milk Food 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 2.34 1.43 1.61

Parag Milk Food 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 2.42 0.00 1.61 0.00

BOM:539889 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Parag Milk Food'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.


Parag Milk Food Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parag Milk Food's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Parag Milk Food's Cyclically Adjusted PB Ratio falls into.


BOM:539889
79GF Score
Parag Milk Food Ltd BOM:539889
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Parag Milk Food 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.

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

For example, Parag Milk Food'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.

Parag Milk Food Quarterly Data

Book Value per Share CPI Adj_Book
201609 94.499 105.961 149.254
201612 0.000 105.196 0.000
201703 74.287 105.196 118.184
201706 0.000 107.109 0.000
201709 80.205 109.021 123.122
201712 0.000 109.404 0.000
201803 84.895 109.786 129.413
201806 0.000 111.317 0.000
201809 91.027 115.142 132.307
201812 0.000 115.142 0.000
201903 98.540 118.202 139.519
201906 0.000 120.880 0.000
201909 103.837 123.175 141.083
201912 0.000 126.235 0.000
202003 108.550 124.705 145.677
202006 0.000 127.000 0.000
202009 110.827 130.118 142.545
202012 0.000 130.889 0.000
202103 110.573 131.771 140.435
202106 0.000 134.084 0.000
202109 123.910 135.847 152.651
202112 0.000 138.161 0.000
202203 58.196 138.822 70.158
202206 0.000 142.347 0.000
202209 64.618 144.661 74.756
202212 0.000 145.763 0.000
202303 68.934 146.865 78.553
202306 0.000 150.280 0.000
202309 72.922 151.492 80.559
202312 0.000 152.924 0.000
202403 76.519 153.035 83.681
202406 0.000 155.789 0.000
202409 80.741 157.882 85.587
202412 0.000 158.323 0.000
202503 85.852 157.552 91.195
202506 0.000 159.755 0.000
202509 96.322 162.289 99.330
202512 0.000 163.281 0.000
202603 100.678 164.272 102.569
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 Parag Milk Food (BOM:539889) Overvalued in 2026?

Based on GuruFocus' analysis, Parag Milk Food stock appears to be overvalued. The current stock price of ₹249.80 is trading 0.7% above its estimated GF Value™ of ₹248.11. GuruFocus considers Parag Milk Food to be Fairly Valued.

Key valuation signals for BOM:539889:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹248.11 vs. price of ₹249.80 (0.7% above fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the BOM:539889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Parag Milk Food Business Description

Other Exchanges PARAGMILK:India
Address Nariman Point, 10th Floor Nirmal Building, Mumbai, MH, IND, 400021
Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.
79GF Score

Get the complete analysis for BOM:539889

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

₹249.80
Price
₹248.11
GF Value