Ghandhara Automobiles (KAR:GAL) Cyclically Adjusted PB Ratio: 3.65 (As of Jul. 29, 2026) — 26% Above Median

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KAR:GAL Ghandhara Automobiles Ltd KAR:GAL
91 GF Score
Price ₨597.58
GF Value ₨644.42
Valuation Fairly Valued
! 3 Warning Signs
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What is Ghandhara Automobiles Cyclically Adjusted PB Ratio?

Ghandhara Automobiles KAR:GAL -0.23% 91 Cyclically Adjusted PB Ratio is 3.65 as of Jul. 29, 2026, which is 26% above its 10-year median of 2.90. GuruFocus rates KAR:GAL with a GF Score™ of 91/100 and a GF Value™ of ₨644.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,026 Vehicles & Parts companies, Ghandhara Automobiles ranks worse than 78.75% on this metric.

As of today (2026-07-29), Ghandhara Automobiles's current share price is ₨597.58. Ghandhara Automobiles's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨163.81. Ghandhara Automobiles's Cyclically Adjusted PB Ratio for today is 3.65.

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

KAR:GAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.79   Med: 2.9   Max: 3.65
Current: 3.65

During the past years, Ghandhara Automobiles's highest Cyclically Adjusted PB Ratio was 3.65. The lowest was 1.79. And the median was 2.90.

KAR:GAL's Cyclically Adjusted PB Ratio is ranked worse than
78.75% of 1026 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs KAR:GAL: 3.65

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.

Ghandhara Automobiles's adjusted book value per share data for the three months ended in Mar. 2026 was ₨336.207. 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 ₨163.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ghandhara Automobiles  (KAR:GAL) 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.


Ghandhara Automobiles Cyclically Adjusted PB Ratio Related Terms


Ghandhara Automobiles Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ghandhara Automobiles'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.

Ghandhara Automobiles Cyclically Adjusted PB Ratio Chart

Ghandhara Automobiles Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.58

Ghandhara Automobiles 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 3.47 2.58 3.92 3.56 1.88

KAR:GAL vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Ghandhara Automobiles'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.


Ghandhara Automobiles Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ghandhara Automobiles's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:GAL
91GF Score
Ghandhara Automobiles Ltd KAR:GAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghandhara Automobiles 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.

Ghandhara Automobiles's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=597.58/163.81
=3.65

* 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.

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

For example, Ghandhara Automobiles'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)
=336.207/330.2130*330.2130
=336.207

Current CPI (Mar. 2026) = 330.2130.

Ghandhara Automobiles Quarterly Data

Book Value per Share CPI Adj_Book
201606 63.683 241.018 87.251
201609 67.870 241.428 92.829
201612 67.843 241.432 92.791
201703 0.000 243.801 0.000
201706 74.263 244.955 100.111
201709 77.864 246.819 104.172
201712 77.005 246.524 103.146
201803 55.405 249.554 73.313
201806 130.380 251.989 170.853
201809 108.576 252.439 142.027
201812 110.683 251.233 145.478
201903 110.868 254.202 144.020
201906 130.759 256.143 168.571
201909 129.417 256.759 166.441
201912 128.081 256.974 164.585
202003 126.688 258.115 162.075
202006 123.168 257.797 157.766
202009 126.205 260.280 160.114
202012 125.912 260.474 159.624
202103 127.800 264.877 159.324
202106 131.084 271.696 159.316
202109 132.920 274.310 160.008
202112 134.681 278.802 159.516
202203 136.938 287.504 157.280
202206 135.779 296.311 151.314
202209 133.261 296.808 148.259
202212 133.818 296.797 148.884
202303 139.320 301.836 152.418
202306 138.959 305.109 150.392
202309 142.882 307.789 153.292
202312 105.160 306.746 113.205
202403 105.367 312.332 111.399
202406 189.285 314.175 198.948
202409 199.766 315.301 209.214
202412 207.993 315.605 217.620
202503 229.111 319.799 236.572
202506 260.980 322.561 267.171
202509 290.263 324.800 295.100
202512 302.176 324.054 307.919
202603 336.207 330.213 336.207

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 3.65 mean?
Ghandhara Automobiles (KAR:GAL) has a Cyclically Adjusted PB Ratio of 3.65 as of Jul. 29, 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 Ghandhara Automobiles and its competitors. This is 26% above median its historical median of 2.90. Over the past decade, Ghandhara Automobiles' Cyclically Adjusted PB Ratio has ranged from 1.79 to 3.65. According to the industry distribution chart, Ghandhara Automobiles ranks #808 out of 1026 companies in the Vehicles & Parts industry, placing it in the top 78.8%.
Is Ghandhara Automobiles' Cyclically Adjusted PB Ratio too high?
Ghandhara Automobiles' current Cyclically Adjusted PB Ratio of 3.65 is 26% above median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 3.65. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. Ghandhara Automobiles' value of 3.65 is 187.4% above this industry median. Based on the distribution chart, Ghandhara Automobiles ranks #808 out of 1026 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ghandhara Automobiles has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ghandhara Automobiles' Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ghandhara Automobiles ranks #808 out of 1026 companies for Cyclically Adjusted PB Ratio. This places Ghandhara Automobiles in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Ghandhara Automobiles' value of 3.65 is 187.4% above this benchmark. Historically, Ghandhara Automobiles' own Cyclically Adjusted PB Ratio has ranged from 1.79 to 3.65 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 1.27, Ghandhara Automobiles 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,026 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. Ghandhara Automobiles's current Cyclically Adjusted PB Ratio of 3.65 is 187.4% 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 Ghandhara Automobiles and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghandhara Automobiles's current Cyclically Adjusted PB Ratio is 3.65, which is 26% above median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghandhara Automobiles stock overvalued right now?
Based on GuruFocus' analysis, Ghandhara Automobiles (KAR:GAL) is currently considered Fairly Valued. The stock's GF Value™ is ₨644.42, compared to a current price of ₨597.58 — trading 7.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.65, which is 26% above median its 10-year median of 2.90 and 187.4% above the Vehicles & Parts industry median of 1.27. Ghandhara Automobiles' overall GF Score™ is 91/100 with 3 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 Ghandhara Automobiles (KAR:GAL), the current Cyclically Adjusted PB Ratio is 3.65 as of Jul. 29, 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 Ghandhara Automobiles (KAR:GAL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghandhara Automobiles stock appears to be undervalued. The current stock price of ₨597.58 is trading 7.3% below its estimated GF Value™ of ₨644.42. GuruFocus considers Ghandhara Automobiles to be Fairly Valued.

Key valuation signals for KAR:GAL:

  • Cyclically Adjusted PB Ratio: 3.65 (26% above median its 10-year median of 2.90)
  • GF Value™: ₨644.42 vs. price of ₨597.58 (7.3% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 187.4% above the Vehicles & Parts median (#808 of 1026)

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


Ghandhara Automobiles Business Description

Address F-3, Hub Chowki Road, S.I.T.E., Karachi, SD, PAK, 75730
Ghandhara Automobiles Ltd is a company whose principal business is the assembly or progressive manufacturing of vehicles, including JAC Trucks & Pickup, import and sale of Dongfeng and Renault vehicles in Completely Built-up condition, sale of spare parts, and assembly of various other vehicles under contractual arrangements.
91GF Score

Get the complete analysis for KAR:GAL

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

₨597.58
Price
₨644.42
GF Value