CCL Products (India) (NSE:CCL) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:CCL CCL Products (India) Ltd NSE:CCL
93 GF Score
Price ₹1,155.30
GF Value ₹1,187.23
Valuation Fairly Valued
! 5 Warning Signs
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What is CCL Products (India) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CCL Products (India)  (NSE:CCL) 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.


CCL Products (India) Cyclically Adjusted PB Ratio Related Terms


CCL Products (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CCL Products (India)'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.

CCL Products (India) Cyclically Adjusted PB Ratio Chart

CCL Products (India) 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 6.51 7.81 6.98 5.81 9.43

CCL Products (India) 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 8.18 0.00 9.43 0.00

NSE:CCL vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, CCL Products (India)'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.


CCL Products (India) Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CCL Products (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CCL Products (India)'s Cyclically Adjusted PB Ratio falls into.


NSE:CCL
93GF Score
CCL Products (India) Ltd NSE:CCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL Products (India) 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.

CCL Products (India)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CCL Products (India)'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

CCL Products (India) Quarterly Data

Book Value per Share CPI Adj_Book
201609 42.384 105.961 66.457
201612 0.000 105.196 0.000
201703 47.231 105.196 74.596
201706 0.000 107.109 0.000
201709 49.639 109.021 75.648
201712 0.000 109.404 0.000
201803 55.623 109.786 84.177
201806 0.000 111.317 0.000
201809 61.039 115.142 88.077
201812 0.000 115.142 0.000
201903 63.063 118.202 88.642
201906 0.000 120.880 0.000
201909 67.200 123.175 90.643
201912 0.000 126.235 0.000
202003 69.789 124.705 92.980
202006 0.000 127.000 0.000
202009 76.404 130.118 97.559
202012 0.000 130.889 0.000
202103 81.735 131.771 103.057
202106 0.000 134.084 0.000
202109 87.312 135.847 106.785
202112 0.000 138.161 0.000
202203 94.017 138.822 112.522
202206 0.000 142.347 0.000
202209 100.920 144.661 115.908
202212 0.000 145.763 0.000
202303 112.555 146.865 127.332
202306 0.000 150.280 0.000
202309 119.183 151.492 130.711
202312 0.000 152.924 0.000
202403 125.824 153.035 136.604
202406 0.000 155.789 0.000
202409 135.384 157.882 142.470
202412 0.000 158.323 0.000
202503 147.715 157.552 155.772
202506 0.000 159.755 0.000
202509 156.676 162.289 160.399
202512 0.000 163.281 0.000
202603 176.020 164.272 178.027
202606 0.000 166.145 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 CCL Products (India) (NSE:CCL) Overvalued in 2026?

Based on GuruFocus' analysis, CCL Products (India) stock appears to be undervalued. The current stock price of ₹1,155.30 is trading 2.7% below its estimated GF Value™ of ₹1,187.23. GuruFocus considers CCL Products (India) to be Fairly Valued.

Key valuation signals for NSE:CCL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,187.23 vs. price of ₹1,155.30 (2.7% below fair value)
  • GF Score™: 93/100 with 5 warning signs

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


CCL Products (India) Business Description

Other Exchanges 519600:India
Address Ameerpet Road, 7-1-24-2/D, Greendale, Hyderabad, TG, IND, 500016
CCL Products (India) Ltd manufactures and markets a variety of processed coffee internationally. Its product offerings under various brands include spray-dried coffee powder, spray-dried coffee granules, freeze-dried coffee, freeze-concentrated liquid coffee, roasted and ground coffee, roasted coffee beans, and premix coffee. The company sells its products in India, and also in international markets like Singapore, Switzerland, and Vietnam through its subsidiaries.
93GF Score

Get the complete analysis for NSE:CCL

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

₹1,155.30
Price
₹1,187.23
GF Value