Engro Polymer & Chemicals (KAR:EPCL) Cyclically Adjusted PB Ratio: 1.35 (As of Jul. 21, 2026) — 27% Below Median

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KAR:EPCL Engro Polymer & Chemicals Ltd KAR:EPCL
54 GF Score
Price ₨33.27
GF Value ₨46.21
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Engro Polymer & Chemicals Cyclically Adjusted PB Ratio?

Engro Polymer & Chemicals KAR:EPCL +1.81% 54 Cyclically Adjusted PB Ratio is 1.35 as of Jul. 21, 2026, which is 27% below its 10-year median of 1.86. GuruFocus rates KAR:EPCL with a GF Score™ of 54/100 and a GF Value™ of ₨46.21 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,278 Chemicals companies, Engro Polymer & Chemicals ranks better than 58.45% on this metric.

As of today (2026-07-21), Engro Polymer & Chemicals's current share price is ₨33.27. Engro Polymer & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨24.66. Engro Polymer & Chemicals's Cyclically Adjusted PB Ratio for today is 1.35.

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

KAR:EPCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.86   Max: 3.29
Current: 1.33

During the past years, Engro Polymer & Chemicals's highest Cyclically Adjusted PB Ratio was 3.29. The lowest was 1.16. And the median was 1.86.

KAR:EPCL's Cyclically Adjusted PB Ratio is ranked better than
58.45% of 1278 companies
in the Chemicals industry
Industry Median: 1.665 vs KAR:EPCL: 1.33

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 Polymer & Chemicals's adjusted book value per share data for the three months ended in Mar. 2026 was ₨22.851. 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 ₨24.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Engro Polymer & Chemicals  (KAR:EPCL) 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 Polymer & Chemicals Cyclically Adjusted PB Ratio Related Terms


Engro Polymer & Chemicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Engro Polymer & Chemicals'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 Polymer & Chemicals Cyclically Adjusted PB Ratio Chart

Engro Polymer & Chemicals 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 2.30 2.33 1.69 1.36

Engro Polymer & Chemicals 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 1.36 1.30 1.36 1.27

KAR:EPCL vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Engro Polymer & Chemicals'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 Polymer & Chemicals Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


KAR:EPCL
54GF Score
Engro Polymer & Chemicals Ltd KAR:EPCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Engro Polymer & Chemicals 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 Polymer & Chemicals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.27/24.66
=1.35

* 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 Polymer & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Engro Polymer & Chemicals'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)
=22.851/330.2130*330.2130
=22.851

Current CPI (Mar. 2026) = 330.2130.

Engro Polymer & Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.276 241.018 9.969
201609 7.265 241.428 9.937
201612 8.120 241.432 11.106
201703 9.266 243.801 12.550
201706 9.537 244.955 12.856
201709 10.756 246.819 14.390
201712 10.495 246.524 14.058
201803 11.736 249.554 15.529
201806 13.540 251.989 17.743
201809 17.308 252.439 22.640
201812 18.479 251.233 24.288
201903 19.383 254.202 25.179
201906 18.066 256.143 23.290
201909 19.243 256.759 24.748
201912 19.557 256.974 25.131
202003 19.770 258.115 25.292
202006 19.602 257.797 25.108
202009 24.559 260.280 31.158
202012 25.443 260.474 32.255
202103 28.741 264.877 35.830
202106 31.287 271.696 38.025
202109 27.615 274.310 33.243
202112 29.670 278.802 35.141
202203 29.267 287.504 33.615
202206 26.717 296.311 29.774
202209 26.579 296.808 29.570
202212 26.539 296.797 29.527
202303 27.841 301.836 30.458
202306 25.729 305.109 27.846
202309 26.970 307.789 28.935
202312 28.156 306.746 30.310
202403 25.944 312.332 27.429
202406 25.186 314.175 26.472
202409 24.418 315.301 25.573
202412 26.759 315.605 27.998
202503 25.851 319.799 26.693
202506 23.189 322.561 23.739
202509 22.938 324.800 23.320
202512 22.443 324.054 22.870
202603 22.851 330.213 22.851

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 1.35 mean?
Engro Polymer & Chemicals (KAR:EPCL) has a Cyclically Adjusted PB Ratio of 1.35 as of Jul. 21, 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 Polymer & Chemicals and its competitors. This is 27% below median its historical median of 1.86. Over the past decade, Engro Polymer & Chemicals' Cyclically Adjusted PB Ratio has ranged from 1.16 to 3.29. According to the industry distribution chart, Engro Polymer & Chemicals ranks #531 out of 1278 companies in the Chemicals industry, placing it in the top 41.5%.
Is Engro Polymer & Chemicals' Cyclically Adjusted PB Ratio too high?
Engro Polymer & Chemicals' current Cyclically Adjusted PB Ratio of 1.35 is 27% below median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.29. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Engro Polymer & Chemicals' value of 1.35 is 18.9% below this industry median. Based on the distribution chart, Engro Polymer & Chemicals ranks #531 out of 1278 companies in the Chemicals industry, which is above the industry midpoint. Overall, Engro Polymer & Chemicals has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Engro Polymer & Chemicals' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Engro Polymer & Chemicals ranks #531 out of 1278 companies for Cyclically Adjusted PB Ratio. This puts Engro Polymer & Chemicals in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Engro Polymer & Chemicals' value of 1.35 is 18.9% below this benchmark. Historically, Engro Polymer & Chemicals' own Cyclically Adjusted PB Ratio has ranged from 1.16 to 3.29 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.67, Engro Polymer & Chemicals 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,278 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 Polymer & Chemicals's current Cyclically Adjusted PB Ratio of 1.35 is 18.9% 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 Engro Polymer & Chemicals and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Engro Polymer & Chemicals's current Cyclically Adjusted PB Ratio is 1.35, which is 27% below median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Engro Polymer & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Engro Polymer & Chemicals (KAR:EPCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₨46.21, compared to a current price of ₨33.27 — trading 28% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.35, which is 27% below median its 10-year median of 1.86 and 18.9% below the Chemicals industry median of 1.67. Engro Polymer & Chemicals' overall GF Score™ is 54/100 with 10 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 Polymer & Chemicals (KAR:EPCL), the current Cyclically Adjusted PB Ratio is 1.35 as of Jul. 21, 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 Polymer & Chemicals (KAR:EPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Engro Polymer & Chemicals stock appears to be undervalued. The current stock price of ₨33.27 is trading 28% below its estimated GF Value™ of ₨46.21. GuruFocus considers Engro Polymer & Chemicals to be Modestly Undervalued.

Key valuation signals for KAR:EPCL:

  • Cyclically Adjusted PB Ratio: 1.35 (27% below median its 10-year median of 1.86)
  • GF Value™: ₨46.21 vs. price of ₨33.27 (28% below fair value)
  • GF Score™: 54/100 with 10 warning signs
  • Industry Position: 18.9% below the Chemicals median (#531 of 1278)

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


Engro Polymer & Chemicals Business Description

Other Exchanges EPCLPS.PFD:Pakistan
Address Marine Drive, 8th Floor, The Harbour Front Building, HC No 3, Marine Drive, Block 4, Clifton, Karachi, SD, PAK, 75600
Engro Polymer & Chemicals Ltd is mainly engaged in the production and distribution of chlor-vinyl products, including Polyvinyl Chloride (PVC), caustic soda, hydrogen peroxide, and other industrial chemicals such as hydrochloric acid and sodium hypochlorite. The Company operates through multiple segments, with the Poly Vinyl Chloride (PVC) segment generating the highest revenue by supplying products to industries such as pipes, footwear, and packaging across Pakistan and exporting mainly to Asia. Its Caustic Soda and Allied Chemicals segment serves textile and soap industries, while the Hydrogen Peroxide segment mainly caters to the textile sector, and the Power Supplies segment supplies surplus power generated from its power plants.
54GF Score

Get the complete analysis for KAR:EPCL

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

₨33.27
Price
₨46.21
GF Value