Indus Motor Co (KAR:INDU) Cyclically Adjusted PB Ratio: 2.57 (As of Aug. 03, 2026) — Near Median

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KAR:INDU Indus Motor Co Ltd KAR:INDU
84 GF Score
Price ₨1,925.64
GF Value ₨2,463.90
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Indus Motor Co Cyclically Adjusted PB Ratio?

Indus Motor Co KAR:INDU -0.35% 84 Cyclically Adjusted PB Ratio is 2.57 as of Aug. 03, 2026, which is 5% below its 10-year median of 2.71. GuruFocus rates KAR:INDU with a GF Score™ of 84/100 and a GF Value™ of ₨2,463.90 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,015 Vehicles & Parts companies, Indus Motor Co ranks worse than 71.43% on this metric.

As of today (2026-08-03), Indus Motor Co's current share price is ₨1925.64. Indus Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨748.41. Indus Motor Co's Cyclically Adjusted PB Ratio for today is 2.57.

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

KAR:INDU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 2.71   Max: 3.54
Current: 2.53

During the past years, Indus Motor Co's highest Cyclically Adjusted PB Ratio was 3.54. The lowest was 1.55. And the median was 2.71.

KAR:INDU's Cyclically Adjusted PB Ratio is ranked worse than
71.43% of 1015 companies
in the Vehicles & Parts industry
Industry Median: 1.25 vs KAR:INDU: 2.53

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.

Indus Motor Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨1,078.841. 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 ₨748.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indus Motor Co  (KAR:INDU) 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.


Indus Motor Co Cyclically Adjusted PB Ratio Related Terms


Indus Motor Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indus Motor 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.

Indus Motor Co Cyclically Adjusted PB Ratio Chart

Indus Motor Co 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 3.02 2.27 1.72 2.57 2.53

Indus Motor Co 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 3.10 2.53 3.20 2.78 2.42

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

For the Auto Manufacturers subindustry, Indus Motor 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.


Indus Motor Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


KAR:INDU
84GF Score
Indus Motor Co Ltd KAR:INDU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indus Motor 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.

Indus Motor Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1925.64/748.41
=2.57

* 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.

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

For example, Indus Motor Co'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)
=1078.841/330.2130*330.2130
=1,078.841

Current CPI (Mar. 2026) = 330.2130.

Indus Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 351.522 241.018 481.612
201609 350.292 241.428 479.112
201612 363.807 241.432 497.589
201703 391.857 243.801 530.745
201706 396.908 244.955 535.054
201709 443.075 246.819 592.779
201712 425.600 246.524 570.081
201803 447.447 249.554 592.068
201806 467.485 251.989 612.605
201809 512.119 252.439 669.898
201812 477.925 251.233 628.170
201903 495.484 254.202 643.643
201906 509.482 256.143 656.811
201909 526.260 256.759 676.813
201912 504.302 256.974 648.031
202003 532.388 258.115 681.097
202006 523.784 257.797 670.917
202009 540.262 260.280 685.422
202012 565.866 260.474 717.370
202103 586.851 264.877 731.607
202106 613.250 271.696 745.330
202109 645.767 274.310 777.371
202112 671.699 278.802 795.560
202203 706.811 287.504 811.808
202206 687.164 296.311 765.785
202209 700.415 296.808 779.245
202212 709.143 296.797 788.985
202303 739.865 301.836 809.423
202306 764.248 305.109 827.129
202309 776.161 307.789 832.708
202312 773.815 306.746 833.014
202403 817.223 312.332 864.009
202406 855.298 314.175 898.959
202409 920.067 315.301 963.581
202412 899.984 315.605 941.640
202503 946.916 319.799 977.752
202506 979.041 322.561 1,002.266
202509 1,064.528 324.800 1,082.269
202512 1,039.636 324.054 1,059.395
202603 1,078.841 330.213 1,078.841

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 2.57 mean?
Indus Motor Co (KAR:INDU) has a Cyclically Adjusted PB Ratio of 2.57 as of Aug. 03, 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 Indus Motor Co and its competitors. This is near median its historical median of 2.71. Over the past decade, Indus Motor Co's Cyclically Adjusted PB Ratio has ranged from 1.55 to 3.54. According to the industry distribution chart, Indus Motor Co ranks #725 out of 1015 companies in the Vehicles & Parts industry, placing it in the top 71.4%.
Is Indus Motor Co's Cyclically Adjusted PB Ratio too high?
Indus Motor Co's current Cyclically Adjusted PB Ratio of 2.57 is near median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 3.54. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.25. Indus Motor Co's value of 2.57 is 105.6% above this industry median. Based on the distribution chart, Indus Motor Co ranks #725 out of 1015 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Indus Motor Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indus Motor Co's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Indus Motor Co ranks #725 out of 1015 companies for Cyclically Adjusted PB Ratio. This places Indus Motor Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Indus Motor Co's value of 2.57 is 105.6% above this benchmark. Historically, Indus Motor Co's own Cyclically Adjusted PB Ratio has ranged from 1.55 to 3.54 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 1.25, Indus Motor Co 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 1.25, based on 1,015 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. Indus Motor Co's current Cyclically Adjusted PB Ratio of 2.57 is 105.6% 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 Indus Motor Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Motor Co's current Cyclically Adjusted PB Ratio is 2.57, which is near median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Indus Motor Co (KAR:INDU) is currently considered Modestly Undervalued. The stock's GF Value™ is ₨2,463.90, compared to a current price of ₨1,925.64 — trading 21.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.57, which is near median its 10-year median of 2.71 and 105.6% above the Vehicles & Parts industry median of 1.25. Indus Motor Co's overall GF Score™ is 84/100 with 1 warning sign 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 Indus Motor Co (KAR:INDU), the current Cyclically Adjusted PB Ratio is 2.57 as of Aug. 03, 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 Indus Motor Co (KAR:INDU) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Motor Co stock appears to be undervalued. The current stock price of ₨1,925.64 is trading 21.8% below its estimated GF Value™ of ₨2,463.90. GuruFocus considers Indus Motor Co to be Modestly Undervalued.

Key valuation signals for KAR:INDU:

  • Cyclically Adjusted PB Ratio: 2.57 (near median its 10-year median of 2.71)
  • GF Value™: ₨2,463.90 vs. price of ₨1,925.64 (21.8% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 105.6% above the Vehicles & Parts median (#725 of 1015)

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


Indus Motor Co Business Description

Address Plot No. N.W.Z/1/P-1, Port Qasim Authority, Bin Qasim, Karachi, SD, PAK
Indus Motor Co Ltd manufactures and markets Toyota brand vehicles in Pakistan. It offers passenger cars, light commercial vehicles, and sports utility under Corolla, Hilux, and Fortuner brand names. In addition, the company also offers parts, lubricants, and chemicals, as well as after-sales services.
84GF Score

Get the complete analysis for KAR:INDU

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

₨1,925.64
Price
₨2,463.90
GF Value