Balmer Lawrie (NSE:BALMLAWRIE) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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.
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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:BALMLAWRIE Balmer Lawrie & Co Ltd NSE:BALMLAWRIE
81 GF Score
Price ₹174.00
GF Value ₹235.22
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Balmer Lawrie Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Balmer Lawrie  (NSE:BALMLAWRIE) 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.


Balmer Lawrie Cyclically Adjusted PB Ratio Related Terms


Balmer Lawrie Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Balmer Lawrie'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.

Balmer Lawrie Cyclically Adjusted PB Ratio Chart

Balmer Lawrie 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 2.54 1.79 1.32

Balmer Lawrie 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 1.93 0.00 1.32 0.00

NSE:BALMLAWRIE vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Balmer Lawrie'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.


Balmer Lawrie Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Balmer Lawrie's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:BALMLAWRIE
81GF Score
Balmer Lawrie & Co Ltd NSE:BALMLAWRIE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Balmer Lawrie 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.

Balmer Lawrie's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Balmer Lawrie'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.

Balmer Lawrie Quarterly Data

Book Value per Share CPI Adj_Book
201303 50.469 85.687 98.572
201312 0.000 91.425 0.000
201403 57.386 91.425 105.048
201503 65.280 97.163 112.441
201603 72.439 102.518 118.254
201703 79.610 105.196 126.652
201803 85.199 109.786 129.877
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 88.859 118.202 125.812
201906 0.000 120.880 0.000
201909 82.498 123.175 112.090
201912 0.000 126.235 0.000
202003 90.865 124.705 121.943
202006 0.000 127.000 0.000
202009 84.653 130.118 108.880
202012 0.000 130.889 0.000
202103 90.168 131.771 114.519
202106 0.000 134.084 0.000
202109 87.753 135.847 108.108
202112 0.000 138.161 0.000
202203 92.806 138.822 111.883
202206 0.000 142.347 0.000
202209 92.189 144.661 106.653
202212 0.000 145.763 0.000
202303 98.286 146.865 112.000
202306 0.000 150.280 0.000
202309 96.971 151.492 107.126
202312 0.000 152.924 0.000
202403 106.477 153.035 116.442
202406 0.000 155.789 0.000
202409 104.342 157.882 110.604
202412 0.000 158.323 0.000
202503 115.124 157.552 122.289
202506 0.000 159.755 0.000
202509 113.674 162.289 117.224
202512 0.000 163.281 0.000
202603 120.993 164.272 123.265
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 Balmer Lawrie (NSE:BALMLAWRIE) Overvalued in 2026?

Based on GuruFocus' analysis, Balmer Lawrie stock appears to be undervalued. The current stock price of ₹174.00 is trading 26% below its estimated GF Value™ of ₹235.22. GuruFocus considers Balmer Lawrie to be Modestly Undervalued.

Key valuation signals for NSE:BALMLAWRIE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹235.22 vs. price of ₹174.00 (26% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Balmer Lawrie Business Description

Other Exchanges 523319:India
Address 21, Netaji Subhas Road, Kolkata, WB, IND, 700001
Balmer Lawrie & Co Ltd operates through various segments namely Industrial Packaging, Logistics Infrastructure, Logistic Services, Travel and Vacations, Greases and Lubricants, and Others. The company generates a majority of its revenue from the Industrial Packaging segment followed by the Greases and Lubricants segment.
81GF Score

Get the complete analysis for NSE:BALMLAWRIE

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

₹174.00
Price
₹235.22
GF Value