Tandlianwala Sugar Mills (KAR:TSML) Cyclically Adjusted PB Ratio: 6.82 (As of Jul. 18, 2026) — 569% Above Median

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KAR:TSML Tandlianwala Sugar Mills Ltd KAR:TSML
65 GF Score
Price ₨699.25
GF Value ₨117.89
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tandlianwala Sugar Mills Cyclically Adjusted PB Ratio?

Tandlianwala Sugar Mills KAR:TSML -0.61% 65 Cyclically Adjusted PB Ratio is 6.82 as of Jul. 18, 2026, which is 569% above its 10-year median of 1.02. GuruFocus rates KAR:TSML with a GF Score™ of 65/100 and a GF Value™ of ₨117.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,446 Consumer Packaged Goods companies, Tandlianwala Sugar Mills ranks worse than 92.95% on this metric.

As of today (2026-07-18), Tandlianwala Sugar Mills's current share price is ₨699.25. Tandlianwala Sugar Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨102.46. Tandlianwala Sugar Mills's Cyclically Adjusted PB Ratio for today is 6.82.

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

KAR:TSML' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.02   Max: 8.88
Current: 7.11

During the past years, Tandlianwala Sugar Mills's highest Cyclically Adjusted PB Ratio was 8.88. The lowest was 0.72. And the median was 1.02.

KAR:TSML's Cyclically Adjusted PB Ratio is ranked worse than
92.95% of 1446 companies
in the Consumer Packaged Goods industry
Industry Median: 1.255 vs KAR:TSML: 7.11

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.

Tandlianwala Sugar Mills's adjusted book value per share data for the three months ended in Mar. 2026 was ₨125.901. 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 ₨102.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tandlianwala Sugar Mills  (KAR:TSML) 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.


Tandlianwala Sugar Mills Cyclically Adjusted PB Ratio Related Terms


Tandlianwala Sugar Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tandlianwala Sugar Mills'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.

Tandlianwala Sugar Mills Cyclically Adjusted PB Ratio Chart

Tandlianwala Sugar Mills 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 0.00 0.00 0.86 0.77 2.30

Tandlianwala Sugar Mills 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 0.73 1.90 2.30 1.94 2.34

KAR:TSML vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Tandlianwala Sugar Mills'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.


Tandlianwala Sugar Mills Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


KAR:TSML
65GF Score
Tandlianwala Sugar Mills Ltd KAR:TSML
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandlianwala Sugar Mills 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.

Tandlianwala Sugar Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=699.25/102.46
=6.82

* 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.

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

For example, Tandlianwala Sugar Mills'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)
=125.901/330.2130*330.2130
=125.901

Current CPI (Mar. 2026) = 330.2130.

Tandlianwala Sugar Mills Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 48.679 241.428 66.581
201612 50.937 241.432 69.668
201703 52.400 243.801 70.972
201706 50.494 244.955 68.069
201709 52.504 246.819 70.244
201712 54.098 246.524 72.463
201803 51.365 249.554 67.967
201806 54.556 251.989 71.492
201809 59.073 252.439 77.273
201812 65.917 251.233 86.639
201903 83.652 254.202 108.665
201906 84.746 256.143 109.252
201909 84.933 256.759 109.231
201912 86.185 256.974 110.748
202003 82.417 258.115 105.438
202006 80.777 257.797 103.468
202009 83.651 260.280 106.127
202012 86.828 260.474 110.075
202103 75.686 264.877 94.355
202106 77.223 271.696 93.855
202109 89.728 274.310 108.014
202112 91.499 278.802 108.371
202203 95.466 287.504 109.648
202206 96.348 296.311 107.372
202209 94.014 296.808 104.595
202212 96.571 296.797 107.444
202303 104.903 301.836 114.765
202306 105.484 305.109 114.163
202309 107.031 307.789 114.829
202312 109.871 306.746 118.276
202403 116.562 312.332 123.235
202406 115.716 314.175 121.623
202409 116.495 315.301 122.005
202412 119.797 315.605 125.342
202503 118.747 319.799 122.614
202506 118.940 322.561 121.762
202509 123.029 324.800 125.079
202512 125.744 324.054 128.134
202603 125.901 330.213 125.901

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 6.82 mean?
Tandlianwala Sugar Mills (KAR:TSML) has a Cyclically Adjusted PB Ratio of 6.82 as of Jul. 18, 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 Tandlianwala Sugar Mills and its competitors. This is 569% above median its historical median of 1.02. Over the past decade, Tandlianwala Sugar Mills' Cyclically Adjusted PB Ratio has ranged from 0.72 to 8.88. According to the industry distribution chart, Tandlianwala Sugar Mills ranks #1344 out of 1446 companies in the Consumer Packaged Goods industry, placing it in the top 92.9%.
Is Tandlianwala Sugar Mills' Cyclically Adjusted PB Ratio too high?
Tandlianwala Sugar Mills' current Cyclically Adjusted PB Ratio of 6.82 is 569% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 8.88. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Tandlianwala Sugar Mills' value of 6.82 is 443.4% above this industry median. Based on the distribution chart, Tandlianwala Sugar Mills ranks #1344 out of 1446 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tandlianwala Sugar Mills has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Tandlianwala Sugar Mills ranks #1344 out of 1446 companies for Cyclically Adjusted PB Ratio. This places Tandlianwala Sugar Mills in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Tandlianwala Sugar Mills' value of 6.82 is 443.4% above this benchmark. Historically, Tandlianwala Sugar Mills' own Cyclically Adjusted PB Ratio has ranged from 0.72 to 8.88 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.26, Tandlianwala Sugar Mills 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,446 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. Tandlianwala Sugar Mills's current Cyclically Adjusted PB Ratio of 6.82 is 443.4% 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 Tandlianwala Sugar Mills and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandlianwala Sugar Mills's current Cyclically Adjusted PB Ratio is 6.82, which is 569% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨117.89, compared to a current price of ₨699.25 — trading 493.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.82, which is 569% above median its 10-year median of 1.02 and 443.4% above the Consumer Packaged Goods industry median of 1.26. Tandlianwala Sugar Mills' overall GF Score™ is 65/100 with 6 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 Tandlianwala Sugar Mills (KAR:TSML), the current Cyclically Adjusted PB Ratio is 6.82 as of Jul. 18, 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 Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?

Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued. The current stock price of ₨699.25 is trading 493.1% above its estimated GF Value™ of ₨117.89. GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.

Key valuation signals for KAR:TSML:

  • Cyclically Adjusted PB Ratio: 6.82 (569% above median its 10-year median of 1.02)
  • GF Value™: ₨117.89 vs. price of ₨699.25 (493.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 443.4% above the Consumer Packaged Goods median (#1344 of 1446)

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


Tandlianwala Sugar Mills Business Description

Address 66-L, Gulberg-II, Lahore, PB, PAK, 54000
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
65GF Score

Get the complete analysis for KAR:TSML

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

₨699.25
Price
₨117.89
GF Value