Bafna Pharmaceuticals (NSE:BAFNAPH) Cyclically Adjusted PB Ratio: 5.89 (As of Jul. 15, 2026) — 81% Above Median

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NSE:BAFNAPH Bafna Pharmaceuticals Ltd NSE:BAFNAPH
60 GF Score
Price ₹212.87
GF Value ₹90.99
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Bafna Pharmaceuticals Cyclically Adjusted PB Ratio?

Bafna Pharmaceuticals NSE:BAFNAPH +2.00% 60 Cyclically Adjusted PB Ratio is 5.89 as of Jul. 15, 2026, which is 81% above its 10-year median of 3.25. GuruFocus rates NSE:BAFNAPH with a GF Score™ of 60/100 and a GF Value™ of ₹90.99 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 759 Drug Manufacturers companies, Bafna Pharmaceuticals ranks worse than 82.48% on this metric.

As of today (2026-07-15), Bafna Pharmaceuticals's current share price is ₹212.87. Bafna Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹36.16. Bafna Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 5.89.

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

NSE:BAFNAPH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.25   Max: 5.9
Current: 5.55

During the past years, Bafna Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 5.90. The lowest was 1.78. And the median was 3.25.

NSE:BAFNAPH's Cyclically Adjusted PB Ratio is ranked worse than
82.48% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.82 vs NSE:BAFNAPH: 5.55

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.

Bafna Pharmaceuticals's adjusted book value per share data for the three months ended in Mar. 2026 was ₹40.645. 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 ₹36.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bafna Pharmaceuticals  (NSE:BAFNAPH) 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.


Bafna Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Bafna Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bafna Pharmaceuticals'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.

Bafna Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Bafna Pharmaceuticals 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 1.83 3.02

Bafna Pharmaceuticals 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 1.83 0.00 4.39 0.00 3.02

NSE:BAFNAPH vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Bafna Pharmaceuticals'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.


Bafna Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bafna Pharmaceuticals's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:BAFNAPH
60GF Score
Bafna Pharmaceuticals Ltd NSE:BAFNAPH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bafna Pharmaceuticals 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.

Bafna Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=212.87/36.16
=5.89

* 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.

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

For example, Bafna Pharmaceuticals'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)
=40.645/164.2724*164.2724
=40.645

Current CPI (Mar. 2026) = 164.2724.

Bafna Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 79.567 0.000
201209 23.350 82.244 46.639
201212 0.000 83.774 0.000
201303 36.156 85.687 69.315
201403 36.909 91.425 66.318
201503 38.475 97.163 65.049
201603 30.956 102.518 49.603
201703 22.869 105.196 35.712
201803 16.033 109.786 23.990
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 8.056 118.202 11.196
201906 0.000 120.880 0.000
201909 6.907 123.175 9.212
201912 0.000 126.235 0.000
202003 21.536 124.705 28.369
202006 0.000 127.000 0.000
202009 22.504 130.118 28.411
202012 0.000 130.889 0.000
202103 23.999 131.771 29.918
202106 0.000 134.084 0.000
202109 27.464 135.847 33.211
202112 0.000 138.161 0.000
202203 26.194 138.822 30.996
202206 0.000 142.347 0.000
202209 27.832 144.661 31.605
202212 0.000 145.763 0.000
202303 31.051 146.865 34.731
202306 0.000 150.280 0.000
202309 34.818 151.492 37.755
202312 0.000 152.924 0.000
202403 34.173 153.035 36.682
202406 0.000 155.789 0.000
202409 34.981 157.882 36.397
202412 0.000 158.323 0.000
202503 35.850 157.552 37.379
202506 0.000 159.755 0.000
202509 38.564 162.289 39.035
202512 0.000 163.281 0.000
202603 40.645 164.272 40.645

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 5.89 mean?
Bafna Pharmaceuticals (NSE:BAFNAPH) has a Cyclically Adjusted PB Ratio of 5.89 as of Jul. 15, 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 Bafna Pharmaceuticals and its competitors. This is 81% above median its historical median of 3.25. Over the past decade, Bafna Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 1.78 to 5.90. According to the industry distribution chart, Bafna Pharmaceuticals ranks #626 out of 759 companies in the Drug Manufacturers industry, placing it in the top 82.5%.
Is Bafna Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Bafna Pharmaceuticals' current Cyclically Adjusted PB Ratio of 5.89 is 81% above median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 5.90. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.82. Bafna Pharmaceuticals' value of 5.89 is 223.6% above this industry median. Based on the distribution chart, Bafna Pharmaceuticals ranks #626 out of 759 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Bafna Pharmaceuticals has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bafna Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Bafna Pharmaceuticals ranks #626 out of 759 companies for Cyclically Adjusted PB Ratio. This places Bafna Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Bafna Pharmaceuticals' value of 5.89 is 223.6% above this benchmark. Historically, Bafna Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 1.78 to 5.90 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 1.82, Bafna Pharmaceuticals 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.82, based on 759 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. Bafna Pharmaceuticals's current Cyclically Adjusted PB Ratio of 5.89 is 223.6% 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 Bafna Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bafna Pharmaceuticals's current Cyclically Adjusted PB Ratio is 5.89, which is 81% above median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bafna Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Bafna Pharmaceuticals (NSE:BAFNAPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹90.99, compared to a current price of ₹212.87 — trading 133.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.89, which is 81% above median its 10-year median of 3.25 and 223.6% above the Drug Manufacturers industry median of 1.82. Bafna Pharmaceuticals' overall GF Score™ is 60/100 with 8 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 Bafna Pharmaceuticals (NSE:BAFNAPH), the current Cyclically Adjusted PB Ratio is 5.89 as of Jul. 15, 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 Bafna Pharmaceuticals (NSE:BAFNAPH) Overvalued in 2026?

Based on GuruFocus' analysis, Bafna Pharmaceuticals stock appears to be overvalued. The current stock price of ₹212.87 is trading 133.9% above its estimated GF Value™ of ₹90.99. GuruFocus considers Bafna Pharmaceuticals to be Significantly Overvalued.

Key valuation signals for NSE:BAFNAPH:

  • Cyclically Adjusted PB Ratio: 5.89 (81% above median its 10-year median of 3.25)
  • GF Value™: ₹90.99 vs. price of ₹212.87 (133.9% above fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 223.6% above the Drug Manufacturers median (#626 of 759)

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


Bafna Pharmaceuticals Business Description

Other Exchanges 532989:India
Address Thambu Chetty Street, New No. 68, Old No. 299, Bafna Towers, Chennai, TN, IND, 600001
Bafna Pharmaceuticals Ltd is an Indian pharmaceutical company mainly offering Contract Research and Manufacturing (CRAMS), Technology Transfers, Formulation, and Analytical Development services. It is engaged in the business of manufacturing finished pharmaceutical formulations, specializing in non-betalactam solid oral dosage forms, besides other emerging and potential products and forms in various therapeutic areas such as cardiology, lifestyle and potent drugs, and pain management. The company delivers generic pharmaceutical products for the UK, Australia, the EU, and emerging markets. In addition, it has launched its own brands in Sri Lanka, the Philippines, Tanzania, and Nigeria, offering products for some high-demand therapies like diabetes, cardiovascular, and oncology.
60GF Score

Get the complete analysis for NSE:BAFNAPH

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

₹212.87
Price
₹90.99
GF Value