Associated Alcohols & Breweries (NSE:ASALCBR) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

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:ASALCBR Associated Alcohols & Breweries Ltd NSE:ASALCBR
94 GF Score
Price ₹713.95
GF Value ₹887.90
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Associated Alcohols & Breweries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated Alcohols & Breweries  (NSE:ASALCBR) 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.


Associated Alcohols & Breweries Cyclically Adjusted PB Ratio Related Terms


Associated Alcohols & Breweries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Associated Alcohols & Breweries'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.

Associated Alcohols & Breweries Cyclically Adjusted PB Ratio Chart

Associated Alcohols & Breweries 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 5.41 2.98 3.70 9.18 3.61

Associated Alcohols & Breweries 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 0.00 5.50 0.00 3.61 0.00

NSE:ASALCBR vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Associated Alcohols & Breweries'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.


Associated Alcohols & Breweries Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Associated Alcohols & Breweries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Associated Alcohols & Breweries's Cyclically Adjusted PB Ratio falls into.


NSE:ASALCBR
94GF Score
Associated Alcohols & Breweries Ltd NSE:ASALCBR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Alcohols & Breweries 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.

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

For example, Associated Alcohols & Breweries'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Associated Alcohols & Breweries Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.113 105.961 77.570
201612 0.000 105.196 0.000
201703 53.628 105.196 85.317
201706 0.000 107.109 0.000
201709 58.494 109.021 89.793
201712 0.000 109.404 0.000
201803 66.801 109.786 101.831
201806 0.000 111.317 0.000
201809 74.731 115.142 108.621
201812 0.000 115.142 0.000
201903 82.504 118.202 116.814
201906 0.000 120.880 0.000
201909 93.595 123.175 127.167
201912 0.000 126.235 0.000
202003 108.010 124.705 144.952
202006 0.000 127.000 0.000
202009 116.918 130.118 150.380
202012 0.000 130.889 0.000
202103 139.294 131.771 176.913
202106 0.000 134.084 0.000
202109 151.806 135.847 187.018
202112 0.000 138.161 0.000
202203 173.041 138.822 208.610
202206 0.000 142.347 0.000
202209 189.391 144.661 219.105
202212 0.000 145.763 0.000
202303 201.009 146.865 229.057
202306 0.000 150.280 0.000
202309 214.266 151.492 236.705
202312 0.000 152.924 0.000
202403 233.891 153.035 255.781
202406 0.000 155.789 0.000
202409 250.092 157.882 265.101
202412 0.000 158.323 0.000
202503 287.763 157.552 305.673
202506 0.000 159.755 0.000
202509 309.307 162.289 318.966
202512 0.000 163.281 0.000
202603 345.940 164.272 352.436
202606 0.000 167.357 0.000

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.

Is Associated Alcohols & Breweries (NSE:ASALCBR) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Alcohols & Breweries stock appears to be undervalued. The current stock price of ₹713.95 is trading 19.6% below its estimated GF Value™ of ₹887.90. GuruFocus considers Associated Alcohols & Breweries to be Modestly Undervalued.

Key valuation signals for NSE:ASALCBR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹887.90 vs. price of ₹713.95 (19.6% below fair value)
  • GF Score™: 94/100 with 5 warning signs

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


Associated Alcohols & Breweries Business Description

Other Exchanges 507526:India
Address BPK Star Tower, A.B. Road, 4th Floor, Indore, MP, IND, 452 008
Associated Alcohols & Breweries Ltd is engaged in the manufacturing of liquor. The company operates in two business segments, that is Potable Alcohol and Ethanol. Geographically, it derives a majority of revenue from India, also it derives the majority of the revenue from the Potable Alcohols segment. The company brands include Central Province Whisky, Titanium, Bombay Special Whisky, Desi Madira Masala, Superman Fine Whisky, James MC Gill Whisky, and Jamaican Magic Rum.
94GF Score

Get the complete analysis for NSE:ASALCBR

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

₹713.95
Price
₹887.90
GF Value