Tariq (KAR:TCORP) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Tariq Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tariq  (KAR:TCORP) 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.


Tariq Cyclically Adjusted PB Ratio Related Terms


Tariq Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tariq'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.

Tariq Cyclically Adjusted PB Ratio Chart

Tariq Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.21 0.19 0.22 0.27

Tariq 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 0.25 0.29 0.30 0.38 0.35

Tariq Cyclically Adjusted PB Ratio Competitor Comparison

For the Confectioners subindustry, Tariq'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.


Tariq Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tariq's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tariq 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.

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

For example, Tariq'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)
=57.694/333.9520*333.9520
=57.694

Current CPI (Jun. 2026) = 333.9520.

Tariq Quarterly Data

Book Value per Share CPI Adj_Book
201609 36.020 241.428 49.824
201612 38.516 241.432 53.276
201703 44.318 243.801 60.706
201706 58.296 244.955 79.476
201709 54.970 246.819 74.376
201712 55.182 246.524 74.752
201803 55.030 249.554 73.641
201806 56.028 251.989 74.252
201809 71.939 252.439 95.168
201812 59.564 251.233 79.176
201903 68.134 254.202 89.509
201906 50.590 256.143 65.958
201909 56.920 256.759 74.033
201912 57.574 256.974 74.821
202003 51.308 258.115 66.383
202006 52.817 257.797 68.420
202009 60.272 260.280 77.332
202012 67.699 260.474 86.796
202103 59.567 264.877 75.101
202106 61.258 271.696 75.295
202109 64.844 274.310 78.943
202112 53.736 278.802 64.366
202203 53.664 287.504 62.334
202206 51.574 296.311 58.126
202209 46.253 296.808 52.041
202212 46.708 296.797 52.555
202303 46.732 301.836 51.704
202306 50.991 305.109 55.811
202309 63.682 307.789 69.095
202312 64.248 306.746 69.946
202403 58.333 312.332 62.371
202406 46.552 314.175 49.482
202409 54.168 315.301 57.372
202412 55.060 315.605 58.261
202503 54.657 319.799 57.076
202506 54.281 322.561 56.198
202509 54.703 324.800 56.244
202512 55.074 324.054 56.756
202603 55.510 330.213 56.139
202606 57.694 333.952 57.694

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.


Tariq Business Description

Address 28-C, Block E-1, Gulberg-III, Lahore, PB, PAK
Tariq Corp Ltd is the oldest and renowned sugar factory engaged in the production and sale of sugar and by-products. Its product portfolio consists of refined sugar, molasses, bio-fertilizer, and Bagasse. The Company generates revenue from the sale of sugar and related by-products and biofertilizers to its customers.