Aditya Birla Capital (NSE:ABCAPITAL) Cyclically Adjusted PB Ratio: 5.04 (As of Jul. 16, 2026) — 13% 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.

NSE:ABCAPITAL Aditya Birla Capital Ltd NSE:ABCAPITAL
75 GF Score
Price ₹404.30
GF Value ₹252.96
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Aditya Birla Capital Cyclically Adjusted PB Ratio?

Aditya Birla Capital NSE:ABCAPITAL +1.26% 75 Cyclically Adjusted PB Ratio is 5.04 as of Jul. 16, 2026, which is 13% above its 10-year median of 4.45. GuruFocus rates NSE:ABCAPITAL with a GF Score™ of 75/100 and a GF Value™ of ₹252.96 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 97 Diversified Financial Services companies, Aditya Birla Capital ranks worse than 80.41% on this metric.

As of today (2026-07-16), Aditya Birla Capital's current share price is ₹404.30. Aditya Birla Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹80.28. Aditya Birla Capital's Cyclically Adjusted PB Ratio for today is 5.04.

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

NSE:ABCAPITAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.72   Med: 4.45   Max: 5.09
Current: 5.09

During the past years, Aditya Birla Capital's highest Cyclically Adjusted PB Ratio was 5.09. The lowest was 3.72. And the median was 4.45.

NSE:ABCAPITAL's Cyclically Adjusted PB Ratio is ranked worse than
80.41% of 97 companies
in the Diversified Financial Services industry
Industry Median: 1.52 vs NSE:ABCAPITAL: 5.09

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.

Aditya Birla Capital's adjusted book value per share data for the three months ended in Mar. 2026 was ₹131.406. 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 ₹80.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aditya Birla Capital  (NSE:ABCAPITAL) 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.


Aditya Birla Capital Cyclically Adjusted PB Ratio Related Terms


Aditya Birla Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aditya Birla Capital'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.

Aditya Birla Capital Cyclically Adjusted PB Ratio Chart

Aditya Birla Capital 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 0.00 0.00 0.00 0.00 3.64

Aditya Birla Capital 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 0.00 0.00 0.00 0.00 3.64

NSE:ABCAPITAL vs VOYA, FRHC: Cyclically Adjusted PB Ratio Comparison

For the Financial Conglomerates subindustry, Aditya Birla Capital'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.


Aditya Birla Capital Cyclically Adjusted PB Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Aditya Birla Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ABCAPITAL
75GF Score
Aditya Birla Capital Ltd NSE:ABCAPITAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aditya Birla Capital 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.

Aditya Birla Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=404.30/80.28
=5.04

* 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.

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

For example, Aditya Birla Capital'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)
=131.406/164.2724*164.2724
=131.406

Current CPI (Mar. 2026) = 164.2724.

Aditya Birla Capital Quarterly Data

Book Value per Share CPI Adj_Book
201603 20.241 102.518 32.434
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 29.818 105.196 46.563
201706 0.000 107.109 0.000
201709 37.390 109.021 56.339
201712 0.000 109.404 0.000
201803 38.790 109.786 58.041
201806 0.000 111.317 0.000
201809 40.701 115.142 58.068
201812 0.000 115.142 0.000
201903 43.210 118.202 60.051
201906 0.000 120.880 0.000
201909 45.711 123.175 60.962
201912 0.000 126.235 0.000
202003 52.100 124.705 68.631
202006 0.000 127.000 0.000
202009 54.086 130.118 68.283
202012 0.000 130.889 0.000
202103 56.899 131.771 70.933
202106 0.000 134.084 0.000
202109 59.777 135.847 72.285
202112 0.000 138.161 0.000
202203 64.115 138.822 75.869
202206 0.000 142.347 0.000
202209 67.736 144.661 76.919
202212 0.000 145.763 0.000
202303 83.998 146.865 93.954
202306 0.000 150.280 0.000
202309 95.296 151.492 103.336
202312 0.000 152.924 0.000
202403 103.142 153.035 110.716
202406 0.000 155.789 0.000
202409 110.153 157.882 114.611
202412 0.000 158.323 0.000
202503 116.565 157.552 121.537
202506 0.000 159.755 0.000
202509 123.178 162.289 124.683
202512 0.000 163.281 0.000
202603 131.406 164.272 131.406

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 5.04 mean?
Aditya Birla Capital (NSE:ABCAPITAL) has a Cyclically Adjusted PB Ratio of 5.04 as of Jul. 16, 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 Aditya Birla Capital and its competitors. This is 13% above median its historical median of 4.45. Over the past decade, Aditya Birla Capital's Cyclically Adjusted PB Ratio has ranged from 3.72 to 5.09. According to the industry distribution chart, Aditya Birla Capital ranks #78 out of 97 companies in the Diversified Financial Services industry, placing it in the top 80.4%.
Is Aditya Birla Capital's Cyclically Adjusted PB Ratio too high?
Aditya Birla Capital's current Cyclically Adjusted PB Ratio of 5.04 is 13% above median its 10-year median of 4.45. Over the past 10 years, this metric has ranged from a low of 3.72 to a high of 5.09. The Diversified Financial Services industry median Cyclically Adjusted PB Ratio is 1.52. Aditya Birla Capital's value of 5.04 is 231.6% above this industry median. Based on the distribution chart, Aditya Birla Capital ranks #78 out of 97 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Aditya Birla Capital has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aditya Birla Capital's Cyclically Adjusted PB Ratio compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Aditya Birla Capital ranks #78 out of 97 companies for Cyclically Adjusted PB Ratio. This places Aditya Birla Capital in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Aditya Birla Capital's value of 5.04 is 231.6% above this benchmark. Historically, Aditya Birla Capital's own Cyclically Adjusted PB Ratio has ranged from 3.72 to 5.09 over the past decade. While the company's 10-year median is 4.45 vs. the industry median of 1.52, Aditya Birla Capital 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 Diversified Financial Services company?
The median Cyclically Adjusted PB Ratio among Diversified Financial Services companies is 1.52, based on 97 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. Aditya Birla Capital's current Cyclically Adjusted PB Ratio of 5.04 is 231.6% 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 Aditya Birla Capital and its competitors. For the Diversified Financial Services industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aditya Birla Capital's current Cyclically Adjusted PB Ratio is 5.04, which is 13% above median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aditya Birla Capital stock overvalued right now?
Based on GuruFocus' analysis, Aditya Birla Capital (NSE:ABCAPITAL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹252.96, compared to a current price of ₹404.30 — trading 59.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.04, which is 13% above median its 10-year median of 4.45 and 231.6% above the Diversified Financial Services industry median of 1.52. Aditya Birla Capital's overall GF Score™ is 75/100 with 9 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 Aditya Birla Capital (NSE:ABCAPITAL), the current Cyclically Adjusted PB Ratio is 5.04 as of Jul. 16, 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 Aditya Birla Capital (NSE:ABCAPITAL) Overvalued in 2026?

Based on GuruFocus' analysis, Aditya Birla Capital stock appears to be overvalued. The current stock price of ₹404.30 is trading 59.8% above its estimated GF Value™ of ₹252.96. GuruFocus considers Aditya Birla Capital to be Significantly Overvalued.

Key valuation signals for NSE:ABCAPITAL:

  • Cyclically Adjusted PB Ratio: 5.04 (13% above median its 10-year median of 4.45)
  • GF Value™: ₹252.96 vs. price of ₹404.30 (59.8% above fair value)
  • GF Score™: 75/100 with 9 warning signs
  • Industry Position: 231.6% above the Diversified Financial Services median (#78 of 97)

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


Aditya Birla Capital Business Description

Other Exchanges 540691:India
Address 841, Senapati Bapat Marg, Elphinstone Road, One World Centre, Tower 1, 18th Floor, Jupiter Mills Compound, Mumbai, MH, IND, 400 013
Aditya Birla Capital Ltd is a financial service provider. The company's products include Non-Bank Financial Services, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance and Other Financial Services. Its operating segments consist of Lending, and Investing and Others. The Lending segment consists of Loans (personal, business, etc.), loan against property, structured finance, working capital loans, wealth management, distribution of financial products, etc. The Investing and Others segment includes investments in Group companies Geographically, it derives a majority of its revenue from India.
75GF Score

Get the complete analysis for NSE:ABCAPITAL

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

₹404.30
Price
₹252.96
GF Value