Engro Fertilizers (KAR:EFERT) Cyclically Adjusted PB Ratio: 4.82 (As of Sep. 07, 2026) — Near Median

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KAR:EFERT Engro Fertilizers Ltd KAR:EFERT
76 GF Score
Price ₨190.93
GF Value ₨188.84
Valuation Fairly Valued
! 8 Warning Signs
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What is Engro Fertilizers Cyclically Adjusted PB Ratio?

Engro Fertilizers KAR:EFERT -0.25% 76 Cyclically Adjusted PB Ratio is 4.82 as of Sep. 07, 2026, which is 4% above its 10-year median of 4.65. GuruFocus rates KAR:EFERT with a GF Score™ of 76/100 and a GF Value™ of ₨188.84 (Fairly Valued). The stock has 8 warning signs investors should review. Among 163 Agriculture companies, Engro Fertilizers ranks worse than 86.5% on this metric.

As of today (2026-09-07), Engro Fertilizers's current share price is ₨190.93. Engro Fertilizers's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₨39.61. Engro Fertilizers's Cyclically Adjusted PB Ratio for today is 4.82.

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

KAR:EFERT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.04   Med: 4.65   Max: 6.55
Current: 4.82

During the past years, Engro Fertilizers's highest Cyclically Adjusted PB Ratio was 6.55. The lowest was 2.04. And the median was 4.65.

KAR:EFERT's Cyclically Adjusted PB Ratio is ranked worse than
86.5% of 163 companies
in the Agriculture industry
Industry Median: 1.47 vs KAR:EFERT: 4.82

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.

Engro Fertilizers's adjusted book value per share data for the three months ended in Jun. 2026 was ₨32.842. 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 ₨39.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Engro Fertilizers  (KAR:EFERT) 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.


Engro Fertilizers Cyclically Adjusted PB Ratio Related Terms


Engro Fertilizers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Engro Fertilizers'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.

Engro Fertilizers Cyclically Adjusted PB Ratio Chart

Engro Fertilizers 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 0.00 2.11 2.99 5.26 5.81

Engro Fertilizers 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 4.73 5.65 5.81 4.83 5.02

KAR:EFERT vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Engro Fertilizers'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.


Engro Fertilizers Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Engro Fertilizers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:EFERT
76GF Score
Engro Fertilizers Ltd KAR:EFERT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Engro Fertilizers 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.

Engro Fertilizers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=190.93/39.61
=4.82

* 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.

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

For example, Engro Fertilizers'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)
=32.842/333.9520*333.9520
=32.842

Current CPI (Jun. 2026) = 333.9520.

Engro Fertilizers Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.124 241.428 43.052
201612 31.293 241.432 43.285
201703 30.242 243.801 41.425
201706 32.100 244.955 43.763
201709 31.604 246.819 42.761
201712 31.805 246.524 43.084
201803 31.764 249.554 42.506
201806 34.255 251.989 45.397
201809 34.099 252.439 45.110
201812 34.092 251.233 45.317
201903 34.109 254.202 44.810
201906 36.679 256.143 47.821
201909 34.168 256.759 44.440
201912 32.412 256.974 42.121
202003 32.839 258.115 42.487
202006 33.783 257.797 43.763
202009 35.017 260.280 44.929
202012 34.996 260.474 44.868
202103 35.296 264.877 44.501
202106 34.867 271.696 42.856
202109 34.171 274.310 41.601
202112 35.263 278.802 42.238
202203 34.391 287.504 39.947
202206 28.817 296.311 32.478
202209 31.949 296.808 35.947
202212 33.740 296.797 37.964
202303 32.039 301.836 35.448
202306 29.332 305.109 32.105
202309 33.507 307.789 36.355
202312 35.874 306.746 39.056
202403 35.950 312.332 38.439
202406 26.933 314.175 28.628
202409 30.339 315.301 32.134
202412 35.542 315.605 37.608
202503 29.712 319.799 31.027
202506 31.630 322.561 32.747
202509 31.731 324.800 32.625
202512 33.511 324.054 34.535
202603 31.996 330.213 32.358
202606 32.842 333.952 32.842

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 4.82 mean?
Engro Fertilizers (KAR:EFERT) has a Cyclically Adjusted PB Ratio of 4.82 as of Sep. 07, 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 Engro Fertilizers and its competitors. This is near median its historical median of 4.65. Over the past decade, Engro Fertilizers' Cyclically Adjusted PB Ratio has ranged from 2.04 to 6.55. According to the industry distribution chart, Engro Fertilizers ranks #141 out of 163 companies in the Agriculture industry, placing it in the top 86.5%.
Is Engro Fertilizers' Cyclically Adjusted PB Ratio too high?
Engro Fertilizers' current Cyclically Adjusted PB Ratio of 4.82 is near median its 10-year median of 4.65. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 6.55. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.47. Engro Fertilizers' value of 4.82 is 227.9% above this industry median. Based on the distribution chart, Engro Fertilizers ranks #141 out of 163 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Engro Fertilizers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Engro Fertilizers' Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Engro Fertilizers ranks #141 out of 163 companies for Cyclically Adjusted PB Ratio. This places Engro Fertilizers in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. Engro Fertilizers' value of 4.82 is 227.9% above this benchmark. Historically, Engro Fertilizers' own Cyclically Adjusted PB Ratio has ranged from 2.04 to 6.55 over the past decade. While the company's 10-year median is 4.65 vs. the industry median of 1.47, Engro Fertilizers 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.47, based on 163 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. Engro Fertilizers's current Cyclically Adjusted PB Ratio of 4.82 is 227.9% 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 Engro Fertilizers and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Engro Fertilizers's current Cyclically Adjusted PB Ratio is 4.82, which is near median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Engro Fertilizers stock overvalued right now?
Based on GuruFocus' analysis, Engro Fertilizers (KAR:EFERT) is currently considered Fairly Valued. The stock's GF Value™ is ₨188.84, compared to a current price of ₨190.93 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.82, which is near median its 10-year median of 4.65 and 227.9% above the Agriculture industry median of 1.47. Engro Fertilizers' overall GF Score™ is 76/100 with 8 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 Engro Fertilizers (KAR:EFERT), the current Cyclically Adjusted PB Ratio is 4.82 as of Sep. 07, 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 Engro Fertilizers (KAR:EFERT) Overvalued in 2026?

Based on GuruFocus' analysis, Engro Fertilizers stock appears to be overvalued. The current stock price of ₨190.93 is trading 1.1% above its estimated GF Value™ of ₨188.84. GuruFocus considers Engro Fertilizers to be Fairly Valued.

Key valuation signals for KAR:EFERT:

  • Cyclically Adjusted PB Ratio: 4.82 (near median its 10-year median of 4.65)
  • GF Value™: ₨188.84 vs. price of ₨190.93 (1.1% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 227.9% above the Agriculture median (#141 of 163)

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


Engro Fertilizers Business Description

Address HC No-3, Marine Drive, Block 4, 6th Floor, The Harbor Front Building, Scheme Number 5, Clifton, Karachi, SD, PAK, 75600
Engro Fertilizers Ltd is a Pakistan-based company mainly involved in the manufacturing, purchasing, and marketing of fertilizers, seeds, and pesticides and providing logistics services. It segments include: Straight Fertilizers (Engro Urea, Phosphatic Fertilizers); Specialty Fertilizer (Engro Zabardast Urea, Zarkhez grades), and Agri services including site specific recommendations. The company offers different ranges of products under brand names such as Engro Urea, Engro DAP, Engro TSP, Engro Zorawar, Engro Zarkhez, Engro Zarkhez Plus, and Engro Zarkhez Khaas.
76GF Score

Get the complete analysis for KAR:EFERT

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

₨190.93
Price
₨188.84
GF Value