Deep Polymers (NSE:DEEP) Cyclically Adjusted PB Ratio: (As of Aug. 20, 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.
Reviewed by: Charlie Tian Charlie Tian
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:DEEP Deep Polymers Ltd NSE:DEEP
59 GF Score
Price ₹37.18
GF Value ₹65.04
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Deep Polymers Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deep Polymers  (NSE:DEEP) 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.


Deep Polymers Cyclically Adjusted PB Ratio Related Terms


Deep Polymers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Deep Polymers'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.

Deep Polymers Cyclically Adjusted PB Ratio Chart

Deep Polymers 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 5.95 4.77 1.74 1.15

Deep Polymers 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 1.74 0.00 0.00 0.00 1.15

NSE:DEEP vs : Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Deep Polymers'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.


Deep Polymers Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Deep Polymers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:DEEP
59GF Score
Deep Polymers Ltd NSE:DEEP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deep Polymers 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.

Deep Polymers's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Deep Polymers's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=43.451/330.2130*330.2130
=43.451

Current CPI (Mar26) = 330.2130.

Deep Polymers Annual Data

Book Value per Share CPI Adj_Book
201703 7.570 243.801 10.253
201803 8.623 249.554 11.410
201903 11.557 254.202 15.013
202003 12.259 258.115 15.683
202103 13.137 264.877 16.377
202203 25.109 287.504 28.839
202303 29.163 301.836 31.905
202403 35.268 312.332 37.287
202503 37.394 319.799 38.612
202603 43.451 330.213 43.451

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 Deep Polymers (NSE:DEEP) Overvalued in 2026?

Based on GuruFocus' analysis, Deep Polymers stock appears to be undervalued. The current stock price of ₹37.18 is trading 42.8% below its estimated GF Value™ of ₹65.04. GuruFocus considers Deep Polymers to be Significantly Undervalued.

Key valuation signals for NSE:DEEP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹65.04 vs. price of ₹37.18 (42.8% below fair value)
  • GF Score™: 59/100 with 5 warning signs

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


Deep Polymers Business Description

Comparable Companies
Other Exchanges 541778:India
Address Block No. 727 and 553, Rakanpur (Santej), Taluka Kalol, Gandhinagar District, Gandhinagar, GJ, IND, 382721
Deep Polymers Ltd is an India-based company that manufactures polymers and additive masterbatches for engineering plastics and compounds. It manufactures and supplies Masterbatches such as Antifab Fillers, Transparent Fillers, Color Fillers, White Masterbatches, Special Effect Masterbatches, and Additive Masterbatches. The group's business segments are identified based on the geographic locations of its units and include Rakanpur, which is its key revenue-generating segment, Santej, and Hajipur.
59GF Score

Get the complete analysis for NSE:DEEP

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

₹37.18
Price
₹65.04
GF Value