Kesoram Industries (LUX:KESOR) Cyclically Adjusted PB Ratio: 0.40 (As of Jul. 18, 2026) — 135% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LUX:KESOR Kesoram Industries Ltd LUX:KESOR
39 GF Score
Price $2.54
GF Value $1.16
! 5 Warning Signs
View Full Analysis

What is Kesoram Industries Cyclically Adjusted PB Ratio?

Kesoram Industries LUX:KESOR 39 Cyclically Adjusted PB Ratio is 0.40 as of Jul. 18, 2026, which is 135% above its 10-year median of 0.17. GuruFocus rates LUX:KESOR with a GF Score™ of 39/100 and a GF Value™ of $1.16. The stock has 5 warning signs investors should review. Among 325 Building Materials companies, Kesoram Industries ranks better than 75.38% on this metric.

As of today (2026-07-18), Kesoram Industries's current share price is $2.54. Kesoram Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.38. Kesoram Industries's Cyclically Adjusted PB Ratio for today is 0.40.

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

LUX:KESOR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.17   Max: 0.64
Current: 0.56

During the past years, Kesoram Industries's highest Cyclically Adjusted PB Ratio was 0.64. The lowest was 0.02. And the median was 0.17.

LUX:KESOR's Cyclically Adjusted PB Ratio is ranked better than
75.38% of 325 companies
in the Building Materials industry
Industry Median: 1.08 vs LUX:KESOR: 0.56

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.

Kesoram Industries's adjusted book value per share data for the three months ended in Mar. 2026 was $0.128. 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 $6.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kesoram Industries  (LUX:KESOR) 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.


Kesoram Industries Cyclically Adjusted PB Ratio Related Terms


Kesoram Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kesoram Industries'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.

Kesoram Industries Cyclically Adjusted PB Ratio Chart

Kesoram Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.08 0.31 0.24 0.40

Kesoram Industries 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 0.24 0.00 0.27 0.00 0.40

LUX:KESOR vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Kesoram Industries'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.


Kesoram Industries Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kesoram Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LUX:KESOR
39GF Score
Kesoram Industries Ltd LUX:KESOR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kesoram Industries 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.

Kesoram Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.54/6.38
=0.40

* 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.

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

For example, Kesoram Industries'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)
=0.128/164.2724*164.2724
=0.128

Current CPI (Mar. 2026) = 164.2724.

Kesoram Industries Quarterly Data

Book Value per Share CPI Adj_Book
201509 -0.277 101.753 -0.447
201512 0.000 102.901 0.000
201603 1.085 102.518 1.739
201606 0.000 105.961 0.000
201609 0.473 105.961 0.733
201612 0.000 105.196 0.000
201703 0.884 105.196 1.380
201803 0.505 109.786 0.756
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 0.097 118.202 0.135
201906 0.000 120.880 0.000
201909 -0.028 123.175 -0.037
201912 0.000 126.235 0.000
202003 -0.078 124.705 -0.103
202006 0.000 127.000 0.000
202009 -0.090 130.118 -0.114
202012 0.000 130.889 0.000
202103 0.141 131.771 0.176
202106 0.000 134.084 0.000
202109 0.167 135.847 0.202
202112 0.000 138.161 0.000
202203 0.274 138.822 0.324
202206 0.000 142.347 0.000
202209 0.195 144.661 0.221
202212 0.000 145.763 0.000
202303 0.185 146.865 0.207
202306 0.000 150.280 0.000
202309 0.148 151.492 0.160
202312 0.000 152.924 0.000
202403 0.037 153.035 0.040
202406 0.000 155.789 0.000
202409 -0.012 157.882 -0.012
202412 0.000 158.323 0.000
202503 0.168 157.552 0.175
202506 0.000 159.755 0.000
202509 0.126 162.289 0.128
202512 0.000 163.281 0.000
202603 0.128 164.272 0.128

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 0.40 mean?
Kesoram Industries (LUX:KESOR) has a Cyclically Adjusted PB Ratio of 0.40 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 Kesoram Industries and its competitors. This is 135% above median its historical median of 0.17. Over the past decade, Kesoram Industries' Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.64. According to the industry distribution chart, Kesoram Industries ranks #80 out of 325 companies in the Building Materials industry, placing it in the top 24.6%.
Is Kesoram Industries' Cyclically Adjusted PB Ratio too high?
Kesoram Industries' current Cyclically Adjusted PB Ratio of 0.40 is 135% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.64. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.08. Kesoram Industries' value of 0.40 is 63% below this industry median. Based on the distribution chart, Kesoram Industries ranks #80 out of 325 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kesoram Industries has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Kesoram Industries' Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kesoram Industries ranks #80 out of 325 companies for Cyclically Adjusted PB Ratio. This places Kesoram Industries in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.08. Kesoram Industries' value of 0.40 is 63% below this benchmark. Historically, Kesoram Industries' own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.64 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.08, Kesoram Industries 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 1.08, based on 325 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. Kesoram Industries's current Cyclically Adjusted PB Ratio of 0.40 is 63% 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 Kesoram Industries and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kesoram Industries's current Cyclically Adjusted PB Ratio is 0.40, which is 135% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesoram Industries stock overvalued right now?
Kesoram Industries (LUX:KESOR) has a current Cyclically Adjusted PB Ratio of 0.40. The stock's GF Value™ is $1.16, compared to a current price of $2.54 — trading 119% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.40, which is 135% above median its 10-year median of 0.17 and 63% below the Building Materials industry median of 1.08. Kesoram Industries' overall GF Score™ is 39/100 with 5 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 Kesoram Industries (LUX:KESOR), the current Cyclically Adjusted PB Ratio is 0.40 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 Kesoram Industries (LUX:KESOR) Overvalued in 2026?

Based on GuruFocus' analysis, Kesoram Industries stock appears to be overvalued. The current stock price of $2.54 is trading 119% above its estimated GF Value™ of $1.16.

Key valuation signals for LUX:KESOR:

  • Cyclically Adjusted PB Ratio: 0.40 (135% above median its 10-year median of 0.17)
  • GF Value™: $1.16 vs. price of $2.54 (119% above fair value)
  • GF Score™: 39/100 with 5 warning signs
  • Industry Position: 63% below the Building Materials median (#80 of 325)

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


Kesoram Industries Business Description

Address 9/1, R.N. Mukherjee Road, 8th Floor, Birla Building, Kolkata, WB, IND, 700001
Kesoram Industries Ltd is an investment holding company. Its operating segment includes Rayon, TP, and chemicals, and others. The company generates maximum revenue from the Rayon, TP and chemicals segment that covers sale of viscose rayon, transparent paper, and filament yarn. The company markets cement under the Birla Shakti brand. Geographically, it derives a majority of its revenue from India.
39GF Score

Get the complete analysis for LUX:KESOR

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

$2.54
Price
$1.16
GF Value