Adamjee Insurance Co (KAR:AICL) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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.

KAR:AICL Adamjee Insurance Co Ltd KAR:AICL
71 GF Score
Price ₨94.11
GF Value ₨63.24
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Adamjee Insurance Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adamjee Insurance Co  (KAR:AICL) 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.


Adamjee Insurance Co Cyclically Adjusted PB Ratio Related Terms


Adamjee Insurance Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adamjee Insurance Co'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.

Adamjee Insurance Co Cyclically Adjusted PB Ratio Chart

Adamjee Insurance Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.44 0.51 0.66 0.95

Adamjee Insurance Co 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 0.62 0.86 0.95 0.72 0.00

KAR:AICL vs CB, PGR, TRV: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Property & Casualty subindustry, Adamjee Insurance Co'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.


Adamjee Insurance Co Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Adamjee Insurance Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Adamjee Insurance Co's Cyclically Adjusted PB Ratio falls into.


KAR:AICL
71GF Score
Adamjee Insurance Co Ltd KAR:AICL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adamjee Insurance Co 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.

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

For example, Adamjee Insurance Co'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)
=154.425/333.9520*333.9520
=154.425

Current CPI (Jun. 2026) = 333.9520.

Adamjee Insurance Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 48.907 241.428 67.650
201612 63.194 241.432 87.411
201703 49.679 243.801 68.049
201706 48.388 244.955 65.968
201709 48.554 246.819 65.695
201712 58.457 246.524 79.188
201803 65.798 249.554 88.051
201806 55.166 251.989 73.110
201809 54.656 252.439 72.305
201812 56.579 251.233 75.208
201903 58.837 254.202 77.296
201906 54.532 256.143 71.097
201909 53.599 256.759 69.713
201912 61.895 256.974 80.436
202003 54.292 258.115 70.244
202006 57.553 257.797 74.555
202009 60.226 260.280 77.273
202012 64.679 260.474 82.925
202103 66.816 264.877 84.240
202106 66.225 271.696 81.400
202109 65.409 274.310 79.631
202112 73.202 278.802 87.682
202203 75.778 287.504 88.020
202206 72.464 296.311 81.669
202209 72.952 296.808 82.082
202212 72.105 296.797 81.132
202303 78.160 301.836 86.476
202306 78.251 305.109 85.648
202309 81.580 307.789 88.515
202312 89.463 306.746 97.398
202403 95.441 312.332 102.048
202406 102.899 314.175 109.376
202409 106.583 315.301 112.888
202412 120.083 315.605 127.064
202503 124.112 319.799 129.605
202506 129.999 322.561 134.590
202509 138.537 324.800 142.441
202512 145.201 324.054 149.636
202603 143.182 330.213 144.803
202606 154.425 333.952 154.425

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 Adamjee Insurance Co (KAR:AICL) Overvalued in 2026?

Based on GuruFocus' analysis, Adamjee Insurance Co stock appears to be overvalued. The current stock price of ₨94.11 is trading 48.8% above its estimated GF Value™ of ₨63.24. GuruFocus considers Adamjee Insurance Co to be Significantly Overvalued.

Key valuation signals for KAR:AICL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₨63.24 vs. price of ₨94.11 (48.8% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Adamjee Insurance Co Business Description

Address Main Boulevard, Gulberg-III, 80/A, Block E-1, Adamjee House Building, Lahore, PAK, 54000
Adamjee Insurance Co Ltd is an insurance company engaged in providing insurance to various categories of businesses, such as Fire and Property, Marine Aviation and Transport, Motor, Accident and Health, and Miscellaneous Insurance. Some of the company's high-risk-value projects include the risk-coverage provision to Petrochemical Factories and Industrial Risk projects. It has five primary business segments for reporting purposes, namely Fire & property, marine aviation & transport, motor, accident & health, and miscellaneous. The company generates the majority of its revenue from the Motor segment.
71GF Score

Get the complete analysis for KAR:AICL

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

₨94.11
Price
₨63.24
GF Value