Bata Pakistan (KAR:BATA) Cyclically Adjusted PB Ratio: 0.91 (As of Aug. 02, 2026) — 46% Below Median

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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.

KAR:BATA Bata Pakistan Ltd KAR:BATA
48 GF Score
Price ₨928.91
GF Value ₨1,601.56
Valuation Possible Value Trap
! 4 Warning Signs
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What is Bata Pakistan Cyclically Adjusted PB Ratio?

Bata Pakistan KAR:BATA -0.06% 48 Cyclically Adjusted PB Ratio is 0.91 as of Aug. 02, 2026, which is 46% below its 10-year median of 1.70. GuruFocus rates KAR:BATA with a GF Score™ of 48/100 and a GF Value™ of ₨1,601.56 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 859 Manufacturing - Apparel & Accessories companies, Bata Pakistan ranks better than 52.85% on this metric.

As of today (2026-08-02), Bata Pakistan's current share price is ₨928.91. Bata Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨1,021.66. Bata Pakistan's Cyclically Adjusted PB Ratio for today is 0.91.

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

KAR:BATA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.7   Max: 2.45
Current: 0.91

During the past years, Bata Pakistan's highest Cyclically Adjusted PB Ratio was 2.45. The lowest was 0.91. And the median was 1.70.

KAR:BATA's Cyclically Adjusted PB Ratio is ranked better than
52.85% of 859 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.96 vs KAR:BATA: 0.91

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.

Bata Pakistan's adjusted book value per share data for the three months ended in Mar. 2026 was ₨399.275. 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 ₨1,021.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bata Pakistan  (KAR:BATA) 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.


Bata Pakistan Cyclically Adjusted PB Ratio Related Terms


Bata Pakistan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bata Pakistan'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.

Bata Pakistan Cyclically Adjusted PB Ratio Chart

Bata Pakistan 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 2.37 2.18 1.71 1.95 1.21

Bata Pakistan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.67 1.44 1.44 1.21 0.95

KAR:BATA vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Bata Pakistan'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.


Bata Pakistan Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bata Pakistan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:BATA
48GF Score
Bata Pakistan Ltd KAR:BATA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bata Pakistan 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.

Bata Pakistan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=928.91/1021.66
=0.91

* 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.

Bata Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bata Pakistan's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=399.275/330.2130*330.2130
=399.275

Current CPI (Mar. 2026) = 330.2130.

Bata Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201606 838.315 241.018 1,148.555
201609 885.233 241.428 1,210.777
201612 881.296 241.432 1,205.372
201703 910.752 243.801 1,233.556
201706 914.860 244.955 1,233.282
201709 940.903 246.819 1,258.811
201712 942.688 246.524 1,262.708
201803 965.351 249.554 1,277.365
201806 976.991 251.989 1,280.275
201809 987.480 252.439 1,291.713
201812 990.916 251.233 1,302.430
201903 996.761 254.202 1,294.811
201906 1,017.272 256.143 1,311.441
201909 1,031.879 256.759 1,327.080
201912 984.734 256.974 1,265.389
202003 951.628 258.115 1,217.442
202006 835.996 257.797 1,070.830
202009 784.680 260.280 995.511
202012 842.936 260.474 1,068.623
202103 847.363 264.877 1,056.378
202106 860.179 271.696 1,045.442
202109 864.635 274.310 1,040.843
202112 814.738 278.802 964.975
202203 825.450 287.504 948.071
202206 865.644 296.311 964.685
202209 876.461 296.808 975.104
202212 750.484 296.797 834.980
202303 767.004 301.836 839.114
202306 804.790 305.109 871.007
202309 833.996 307.789 894.757
202312 751.590 306.746 809.089
202403 779.958 312.332 824.611
202406 813.885 314.175 855.432
202409 827.960 315.301 867.118
202412 733.614 315.605 767.570
202503 766.417 319.799 791.375
202506 718.608 322.561 735.655
202509 686.517 324.800 697.958
202512 419.030 324.054 426.994
202603 399.275 330.213 399.275

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 0.91 mean?
Bata Pakistan (KAR:BATA) has a Cyclically Adjusted PB Ratio of 0.91 as of Aug. 02, 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 Bata Pakistan and its competitors. This is 46% below median its historical median of 1.70. Over the past decade, Bata Pakistan's Cyclically Adjusted PB Ratio has ranged from 0.91 to 2.45. According to the industry distribution chart, Bata Pakistan ranks #405 out of 859 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 47.1%.
Is Bata Pakistan's Cyclically Adjusted PB Ratio too high?
Bata Pakistan's current Cyclically Adjusted PB Ratio of 0.91 is 46% below median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 2.45. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.96. Bata Pakistan's value of 0.91 is 5.2% below this industry median. Based on the distribution chart, Bata Pakistan ranks #405 out of 859 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Bata Pakistan has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bata Pakistan's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bata Pakistan ranks #405 out of 859 companies for Cyclically Adjusted PB Ratio. This puts Bata Pakistan in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.96. Bata Pakistan's value of 0.91 is 5.2% below this benchmark. Historically, Bata Pakistan's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 2.45 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 0.96, Bata Pakistan has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.96, based on 859 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. Bata Pakistan's current Cyclically Adjusted PB Ratio of 0.91 is 5.2% below 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 Bata Pakistan and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bata Pakistan's current Cyclically Adjusted PB Ratio is 0.91, which is 46% below median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bata Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Bata Pakistan (KAR:BATA) is currently considered Possible Value Trap. The stock's GF Value™ is ₨1,601.56, compared to a current price of ₨928.91 — trading 42% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 46% below median its 10-year median of 1.70 and 5.2% below the Manufacturing - Apparel & Accessories industry median of 0.96. Bata Pakistan's overall GF Score™ is 48/100 with 4 warning signs 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 Bata Pakistan (KAR:BATA), the current Cyclically Adjusted PB Ratio is 0.91 as of Aug. 02, 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 Bata Pakistan (KAR:BATA) Overvalued in 2026?

Based on GuruFocus' analysis, Bata Pakistan stock appears to be undervalued. The current stock price of ₨928.91 is trading 42% below its estimated GF Value™ of ₨1,601.56. GuruFocus considers Bata Pakistan to be Possible Value Trap.

Key valuation signals for KAR:BATA:

  • Cyclically Adjusted PB Ratio: 0.91 (46% below median its 10-year median of 1.70)
  • GF Value™: ₨1,601.56 vs. price of ₨928.91 (42% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 5.2% below the Manufacturing - Apparel & Accessories median (#405 of 859)

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


Bata Pakistan Business Description

Address G.T. Road, P.O. Batapur, Batapur, Lahore, PB, PAK, 53400
Bata Pakistan Ltd is engaged in the manufacturing and sale of footwear of all kinds, along with the sale of accessories and hosiery items. It operates through four segments: Retail, Wholesale, Export, and Others. Its products are for women, men, & kids under categories, such as athletics, casual, comfort, fashion, dress shoes, sandals, & slippers, boys, girls, & school shoes. Its Retail segment includes information relating to sales made from the retail stores of the company. Wholesale: This segment includes information relating to sales made to distributors of the Company. Export: This segment includes information regarding the exports made by the Company to both associated undertakings & other customers. Others: All other sales of the Company, including sales of grinderies & wastages.
48GF Score

Get the complete analysis for KAR:BATA

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

₨928.91
Price
₨1,601.56
GF Value