LKP Securities (BOM:540192) 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.
Reviewed by: Charlie Tian Charlie Tian
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:540192 LKP Securities Ltd BOM:540192
71 GF Score
Price ₹15.18
GF Value ₹17.93
Valuation Modestly Undervalued
! 6 Warning Signs
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What is LKP Securities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LKP Securities  (BOM:540192) 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.


LKP Securities Cyclically Adjusted PB Ratio Related Terms


LKP Securities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LKP Securities'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.

LKP Securities Cyclically Adjusted PB Ratio Chart

LKP Securities Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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LKP Securities 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 0.00 0.00 0.00 0.00

BOM:540192 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, LKP Securities'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.


LKP Securities Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


BOM:540192
71GF Score
LKP Securities Ltd BOM:540192
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LKP Securities 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.

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

For example, LKP Securities'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.

LKP Securities Quarterly Data

Book Value per Share CPI Adj_Book
201303 8.988 85.687 17.555
201403 11.705 91.425 21.427
201503 11.764 97.163 20.263
201603 -1.037 102.518 -1.693
201612 0.000 105.196 0.000
201703 3.770 105.196 5.998
201803 4.991 109.786 7.608
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 5.227 118.202 7.401
201906 0.000 120.880 0.000
201909 5.235 123.175 7.113
201912 0.000 126.235 0.000
202003 5.434 124.705 7.293
202006 0.000 127.000 0.000
202009 6.149 130.118 7.909
202012 0.000 130.889 0.000
202103 6.004 131.771 7.625
202106 0.000 134.084 0.000
202109 6.845 135.847 8.433
202112 0.000 138.161 0.000
202203 7.713 138.822 9.298
202206 0.000 142.347 0.000
202209 8.177 144.661 9.460
202212 0.000 145.763 0.000
202303 8.486 146.865 9.670
202306 0.000 150.280 0.000
202309 8.811 151.492 9.734
202312 0.000 152.924 0.000
202403 9.797 153.035 10.714
202406 0.000 155.789 0.000
202409 10.738 157.882 11.382
202412 0.000 158.323 0.000
202503 11.301 157.552 12.004
202506 0.000 159.755 0.000
202509 11.901 162.289 12.273
202512 0.000 163.281 0.000
202603 12.338 164.272 12.570
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 LKP Securities (BOM:540192) Overvalued in 2026?

Based on GuruFocus' analysis, LKP Securities stock appears to be undervalued. The current stock price of ₹15.18 is trading 15.3% below its estimated GF Value™ of ₹17.93. GuruFocus considers LKP Securities to be Modestly Undervalued.

Key valuation signals for BOM:540192:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹17.93 vs. price of ₹15.18 (15.3% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the BOM:540192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LKP Securities Business Description

Other Exchanges LKPSEC:India
Address Andheri Kurla Road, Nr. Hotel Courtyard Marriott, 2nd floor, Gala Impecca, Chakala, Andheri East, Mumbai, MH, IND, 400059
LKP Securities Ltd is a financial solutions provider. The company is engaged as a stock and securities broker and provides financial services. The entire business activity falls under one segment which is mainly engaged in equity, currency and commodity broking and its related activities. The company provides clients with a range of services, including Equity, Debt Instruments, distribution of mutual funds, and Third party distribution, to its clients; and earns brokerage, fees, commission, and interest income, and others. Geographically It operates only in India.
71GF Score

Get the complete analysis for BOM:540192

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

₹15.18
Price
₹17.93
GF Value