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CSB BankNSE:CSBBANK -0.80%65 Cyclically Adjusted PB Ratio is 1.89 as of Aug. 06, 2026, which is 12% below its 10-year median of 2.14. GuruFocus rates NSE:CSBBANK with a GF Score™ of 65/100 and a GF Value™ of ₹468.25 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,286 Banks companies, CSB Bank ranks worse than 77.37% on this metric.
The historical rank and industry rank for CSB Bank's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:CSBBANK'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.9 Med: 2.14 Max: 2.37
Current: 1.92
During the past 10 years, CSB Bank's highest Cyclically Adjusted PB Ratio was 2.37. The lowest was 1.90. And the median was 2.14.
NSE:CSBBANK's Cyclically Adjusted PB Ratio is ranked worse than 77.37% of 1286
companies
in the Banks industry
Industry Median: 1.28
vs NSE:CSBBANK: 1.92
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.
CSB Bank's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹288.786. 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 ₹170.98 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
CSB Bank (NSE:CSBBANK) 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.
CSB Bank Cyclically Adjusted PB Ratio Related Terms
CSB Bank Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for CSB Bank'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.
CSB Bank Cyclically Adjusted PB Ratio Competitor Comparison
For the Banks - Regional subindustry, CSB Bank'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.
CSB Bank Cyclically Adjusted PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, CSB Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where CSB Bank's Cyclically Adjusted PB Ratio falls into.
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.
CSB Bank's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.89 mean?
CSB Bank (NSE:CSBBANK) has a Cyclically Adjusted PB Ratio of 1.89 as of Aug. 06, 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 CSB Bank and its competitors. This is 12% below median its historical median of 2.14. Over the past decade, CSB Bank's Cyclically Adjusted PB Ratio has ranged from 1.90 to 2.37. According to the industry distribution chart, CSB Bank ranks #995 out of 1286 companies in the Banks industry, placing it in the top 77.4%.
Is CSB Bank's Cyclically Adjusted PB Ratio too high?
CSB Bank's current Cyclically Adjusted PB Ratio of 1.89 is 12% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 2.37. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. CSB Bank's value of 1.89 is 47.7% above this industry median. Based on the distribution chart, CSB Bank ranks #995 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, CSB Bank has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CSB Bank's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, CSB Bank ranks #995 out of 1286 companies for Cyclically Adjusted PB Ratio. This places CSB Bank in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. CSB Bank's value of 1.89 is 47.7% above this benchmark. Historically, CSB Bank's own Cyclically Adjusted PB Ratio has ranged from 1.90 to 2.37 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.28, CSB Bank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,286 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. CSB Bank's current Cyclically Adjusted PB Ratio of 1.89 is 47.7% 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 CSB Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSB Bank's current Cyclically Adjusted PB Ratio is 1.89, which is 12% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSB Bank stock overvalued right now?
Based on GuruFocus' analysis, CSB Bank (NSE:CSBBANK) is currently considered Possible Value Trap. The stock's GF Value™ is ₹468.25, compared to a current price of ₹323.95 — trading 30.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89, which is 12% below median its 10-year median of 2.14 and 47.7% above the Banks industry median of 1.28. CSB Bank's overall GF Score™ is 65/100 with 2 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 CSB Bank (NSE:CSBBANK), the current Cyclically Adjusted PB Ratio is 1.89 as of Aug. 06, 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 CSB Bank (NSE:CSBBANK) Overvalued in 2026?
Based on GuruFocus' analysis, CSB Bank stock appears to be undervalued.
The current stock price of ₹323.95 is trading 30.8% below its estimated GF Value™ of ₹468.25.
GuruFocus considers CSB Bank to be Possible Value Trap.
Key valuation signals for NSE:CSBBANK:
Cyclically Adjusted PB Ratio: 1.89 (12% below median its 10-year median of 2.14)
GF Value™: ₹468.25 vs. price of ₹323.95 (30.8% below fair value)
Industry Position: 47.7% above the Banks median (#995 of 1286)
No single metric tells the full story. See the NSE:CSBBANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSB Bank Ltd is a private sector bank in India. The bank offers various banking services in four segments such as Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. Retail banking providing gold loans, loans against properties, personal loans, housing loans, and agricultural loans, and deposit products such as current accounts, savings accounts, term deposits, and cumulative deposit accounts and generates the majority of revenue from the same.
65GF Score
Get the complete analysis for NSE:CSBBANK
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