Ashapuri Gold Ornament (BOM:542579) Cyclically Adjusted PB Ratio: 1.42 (As of Sep. 03, 2026) — 39% Below Median

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BOM:542579 Ashapuri Gold Ornament Ltd BOM:542579
77 GF Score
Price ₹3.98
GF Value ₹10.05
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Ashapuri Gold Ornament Cyclically Adjusted PB Ratio?

Ashapuri Gold Ornament BOM:542579 77 Cyclically Adjusted PB Ratio is 1.42 as of Sep. 03, 2026, which is 39% below its 10-year median of 2.33. GuruFocus rates BOM:542579 with a GF Score™ of 77/100 and a GF Value™ of ₹10.05 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 756 Retail - Cyclical companies, Ashapuri Gold Ornament ranks worse than 55.03% on this metric.

As of today (2026-09-03), Ashapuri Gold Ornament's current share price is ₹3.98. Ashapuri Gold Ornament's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was ₹2.81. Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio for today is 1.42.

The historical rank and industry rank for Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:542579' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.33   Max: 3.39
Current: 1.43

During the past 11 years, Ashapuri Gold Ornament's highest Cyclically Adjusted PB Ratio was 3.39. The lowest was 1.39. And the median was 2.33.

BOM:542579's Cyclically Adjusted PB Ratio is ranked worse than
55.03% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs BOM:542579: 1.43

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ashapuri Gold Ornament's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹5.003. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹2.81 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ashapuri Gold Ornament  (BOM:542579) 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.


Ashapuri Gold Ornament Cyclically Adjusted PB Ratio Related Terms


Ashapuri Gold Ornament Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ashapuri Gold Ornament'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.

Ashapuri Gold Ornament Cyclically Adjusted PB Ratio Chart

Ashapuri Gold Ornament 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 2.69 1.13

Ashapuri Gold Ornament 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 1.13 0.00

BOM:542579 vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Ashapuri Gold Ornament'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.


Ashapuri Gold Ornament Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio falls into.


BOM:542579
77GF Score
Ashapuri Gold Ornament Ltd BOM:542579
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashapuri Gold Ornament 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.

Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.98/2.81
=1.42

* 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.

Ashapuri Gold Ornament's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Ashapuri Gold Ornament's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=5.003/164.2724*164.2724
=5.003

Current CPI (Mar26) = 164.2724.

Ashapuri Gold Ornament Annual Data

Book Value per Share CPI Adj_Book
201703 0.259 105.196 0.404
201803 0.261 109.786 0.391
201903 1.776 118.202 2.468
202003 1.781 124.705 2.346
202103 2.619 131.771 3.265
202203 2.723 138.822 3.222
202303 2.783 146.865 3.113
202403 3.034 153.035 3.257
202503 4.400 157.552 4.588
202603 5.003 164.272 5.003

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.

What does a Cyclically Adjusted PB Ratio of 1.42 mean?
Ashapuri Gold Ornament (BOM:542579) has a Cyclically Adjusted PB Ratio of 1.42 as of Sep. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ashapuri Gold Ornament and its competitors. This is 39% below median its historical median of 2.33. Over the past decade, Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio has ranged from 1.39 to 3.39. According to the industry distribution chart, Ashapuri Gold Ornament ranks #416 out of 756 companies in the Retail - Cyclical industry, placing it in the top 55%.
Is Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio too high?
Ashapuri Gold Ornament's current Cyclically Adjusted PB Ratio of 1.42 is 39% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 3.39. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Ashapuri Gold Ornament's value of 1.42 is 14.5% above this industry median. Based on the distribution chart, Ashapuri Gold Ornament ranks #416 out of 756 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Ashapuri Gold Ornament has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashapuri Gold Ornament's Cyclically Adjusted PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Ashapuri Gold Ornament ranks #416 out of 756 companies for Cyclically Adjusted PB Ratio. This places Ashapuri Gold Ornament in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Ashapuri Gold Ornament's value of 1.42 is 14.5% above this benchmark. Historically, Ashapuri Gold Ornament's own Cyclically Adjusted PB Ratio has ranged from 1.39 to 3.39 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 1.24, Ashapuri Gold Ornament has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashapuri Gold Ornament's current Cyclically Adjusted PB Ratio of 1.42 is 14.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ashapuri Gold Ornament and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashapuri Gold Ornament's current Cyclically Adjusted PB Ratio is 1.42, which is 39% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashapuri Gold Ornament stock overvalued right now?
Based on GuruFocus' analysis, Ashapuri Gold Ornament (BOM:542579) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹10.05, compared to a current price of ₹3.98 — trading 60.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.42, which is 39% below median its 10-year median of 2.33 and 14.5% above the Retail - Cyclical industry median of 1.24. Ashapuri Gold Ornament's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ashapuri Gold Ornament (BOM:542579), the current Cyclically Adjusted PB Ratio is 1.42 as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ashapuri Gold Ornament (BOM:542579) Overvalued in 2026?

Based on GuruFocus' analysis, Ashapuri Gold Ornament stock appears to be undervalued. The current stock price of ₹3.98 is trading 60.4% below its estimated GF Value™ of ₹10.05. GuruFocus considers Ashapuri Gold Ornament to be Significantly Undervalued.

Key valuation signals for BOM:542579:

  • Cyclically Adjusted PB Ratio: 1.42 (39% below median its 10-year median of 2.33)
  • GF Value™: ₹10.05 vs. price of ₹3.98 (60.4% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 14.5% above the Retail - Cyclical median (#416 of 756)

No single metric tells the full story. See the BOM:542579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ashapuri Gold Ornament Business Description

Address C.G. Road, 109 to 112A, 1st Floor Supermall, Near Lal Bunglow, Ahmedabad, GJ, IND, 380009
Ashapuri Gold Ornament Ltd is a manufacturer and wholesaler of gold jewellery. It offers a wide range of jewellery products in 22-carat gold ornaments such as Choker Set, Toda Set, Long Set, Pota Jewellery, Saloya and Bracelet. In addition, it also offers Temple Collection, Moti Set, Bikaneri Meena and Rani Haar.
77GF Score

Get the complete analysis for BOM:542579

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

₹3.98
Price
₹10.05
GF Value