Ganges securities (BOM:540647) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

Author: 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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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:540647 Ganges securities Ltd BOM:540647
73 GF Score
Price ₹116.00
GF Value ₹145.63
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ganges securities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ganges securities  (BOM:540647) 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.


Ganges securities Cyclically Adjusted PB Ratio Related Terms


Ganges securities Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Ganges 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.

Ganges securities Cyclically Adjusted PB Ratio Chart

Ganges securities Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Ganges 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:540647 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Ganges 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.


Ganges securities Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


BOM:540647
73GF Score
Ganges securities Ltd BOM:540647
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ganges 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.

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

For example, Ganges 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.

Ganges securities Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.012 102.518 0.020
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201703 85.045 105.196 135.299
201706 0.000 107.109 0.000
201709 56.235 109.021 86.326
201803 438.204 109.786 667.994
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 313.785 118.202 444.275
201906 0.000 120.880 0.000
201909 282.221 123.175 383.452
201912 0.000 126.235 0.000
202003 208.323 124.705 279.575
202006 0.000 127.000 0.000
202009 273.521 130.118 351.802
202012 0.000 130.889 0.000
202103 337.645 131.771 428.832
202106 0.000 134.084 0.000
202109 524.866 135.847 646.611
202112 0.000 138.161 0.000
202203 623.477 138.822 751.636
202206 0.000 142.347 0.000
202209 572.151 144.661 661.917
202212 0.000 145.763 0.000
202303 450.976 146.865 513.903
202306 0.000 150.280 0.000
202309 548.107 151.492 605.509
202312 0.000 152.924 0.000
202403 545.015 153.035 596.024
202406 0.000 155.789 0.000
202409 711.508 157.882 754.208
202412 0.000 158.323 0.000
202503 675.987 157.552 718.059
202506 0.000 159.755 0.000
202509 659.196 162.289 679.782
202512 0.000 163.281 0.000
202603 539.653 164.272 549.787
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 Ganges securities (BOM:540647) Overvalued in 2026?

Based on GuruFocus' analysis, Ganges securities stock appears to be undervalued. The current stock price of ₹116.00 is trading 20.3% below its estimated GF Value™ of ₹145.63. GuruFocus considers Ganges securities to be Modestly Undervalued.

Key valuation signals for BOM:540647:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹145.63 vs. price of ₹116.00 (20.3% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the BOM:540647 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ganges securities Business Description

Other Exchanges GANGESSECU:India
Address 9/1, R.N. Mukherjee Road, Birla Building, 5th Floor, Kolkata, WB, IND, 700001
Ganges securities Ltd is involved in the Tea manufacturing business. It operates in two segments: Investing Business which consists of interest income from inter-corporate deposits and bank deposits and dividend income from investment in shares and securities. The tea business that derives the majority of its revenue consists of the business of manufacturing tea.
73GF Score

Get the complete analysis for BOM:540647

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

₹116.00
Price
₹145.63
GF Value