BLB (NSE:BLBLIMITED) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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:BLBLIMITED BLB Ltd NSE:BLBLIMITED
66 GF Score
Price ₹17.11
GF Value ₹26.93
Valuation Possible Value Trap
! 1 Warning Sign
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What is BLB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BLB  (NSE:BLBLIMITED) 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.


BLB Cyclically Adjusted PB Ratio Related Terms


BLB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BLB'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.

BLB Cyclically Adjusted PB Ratio Chart

BLB 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 0.55

BLB 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 0.52 0.00 0.55 0.00

NSE:BLBLIMITED vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, BLB'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.


BLB Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


NSE:BLBLIMITED
66GF Score
BLB Ltd NSE:BLBLIMITED
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BLB 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.

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

For example, BLB'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.

BLB Quarterly Data

Book Value per Share CPI Adj_Book
201103 23.699 70.768 56.045
201203 22.763 76.889 49.546
201303 22.357 85.687 43.666
201403 21.981 91.425 40.237
201503 19.711 97.163 33.951
201603 17.698 102.518 28.891
201703 17.938 105.196 28.538
201803 16.926 109.786 25.802
201806 0.000 111.317 0.000
201812 0.000 115.142 0.000
201903 16.220 118.202 22.965
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 14.526 124.705 19.494
202006 0.000 127.000 0.000
202009 14.666 130.118 18.863
202012 0.000 130.889 0.000
202103 14.787 131.771 18.780
202106 0.000 134.084 0.000
202109 15.846 135.847 19.522
202112 0.000 138.161 0.000
202203 16.575 138.822 19.982
202206 0.000 142.347 0.000
202209 17.182 144.661 19.878
202212 0.000 145.763 0.000
202303 17.723 146.865 20.196
202306 0.000 150.280 0.000
202309 18.385 151.492 20.310
202312 0.000 152.924 0.000
202403 18.217 153.035 19.922
202406 0.000 155.789 0.000
202409 20.446 157.882 21.673
202412 0.000 158.323 0.000
202503 18.417 157.552 19.563
202506 0.000 159.755 0.000
202509 22.245 162.289 22.940
202512 0.000 163.281 0.000
202603 24.652 164.272 25.115
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 BLB (NSE:BLBLIMITED) Overvalued in 2026?

Based on GuruFocus' analysis, BLB stock appears to be undervalued. The current stock price of ₹17.11 is trading 36.5% below its estimated GF Value™ of ₹26.93. GuruFocus considers BLB to be Possible Value Trap.

Key valuation signals for NSE:BLBLIMITED:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹26.93 vs. price of ₹17.11 (36.5% below fair value)
  • GF Score™: 66/100 with 1 warning sign

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


BLB Business Description

Other Exchanges 532290:India
Address Ansari Road, House No. 4760-61/23, 3rd Floor, Darya Ganj, New Delhi, IND, 110 002
BLB Ltd is an Indian company which is engaged in dealing in shares, securities, and derivatives. It provides liquidity services and other financial services.
66GF Score

Get the complete analysis for NSE:BLBLIMITED

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

₹17.11
Price
₹26.93
GF Value