Avenue Supermarts (NSE:DMART) Cyclically Adjusted PB Ratio: (As of Jul. 13, 2026)


NSE:DMART Avenue Supermarts Ltd NSE:DMART
99 GF Score
Price ₹4,081.10
GF Value ₹5,569.39
Valuation Modestly Undervalued
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What is Avenue Supermarts Cyclically Adjusted PB Ratio?

Author: Vera Yuan Vera Yuan Reviewed by: Charlie Tian Charlie Tian

Shiller PE for Stocks: The True Measure of Stock Valuation


Avenue Supermarts  (NSE:DMART) 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.


Avenue Supermarts Cyclically Adjusted PB Ratio Related Terms


Avenue Supermarts Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Avenue Supermarts'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.

Avenue Supermarts Cyclically Adjusted PB Ratio Chart

Avenue Supermarts 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 20.88

Avenue Supermarts 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 0.00 0.00 20.88 0.00

NSE:DMART vs WMT, COST, TGT: Cyclically Adjusted PB Ratio Comparison

For the Discount Stores subindustry, Avenue Supermarts'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.


Avenue Supermarts Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:DMART
99GF Score
Avenue Supermarts Ltd NSE:DMART
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Avenue Supermarts 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.

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

For example, Avenue Supermarts'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.

Avenue Supermarts Quarterly Data

Book Value per Share CPI Adj_Book
201303 12.651 85.687 24.530
201403 15.312 91.425 27.826
201503 19.228 97.163 32.879
201603 24.363 102.518 39.484
201612 30.531 105.196 48.220
201703 61.559 105.196 97.226
201803 74.814 109.786 113.220
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 89.530 118.202 125.844
201906 0.000 120.880 0.000
201909 99.921 123.175 134.779
201912 0.000 126.235 0.000
202003 171.043 124.705 227.882
202006 0.000 127.000 0.000
202009 174.756 130.118 223.143
202012 0.000 130.889 0.000
202103 188.086 131.771 237.152
202106 0.000 134.084 0.000
202109 196.010 135.847 239.727
202112 0.000 138.161 0.000
202203 211.148 138.822 252.707
202206 0.000 142.347 0.000
202209 231.644 144.661 266.047
202212 0.000 145.763 0.000
202303 248.027 146.865 280.589
202306 0.000 150.280 0.000
202309 267.842 151.492 293.750
202312 0.000 152.924 0.000
202403 287.335 153.035 311.952
202406 0.000 155.789 0.000
202409 309.468 157.882 325.665
202412 0.000 158.323 0.000
202503 329.286 157.552 347.247
202506 0.000 159.755 0.000
202509 351.751 162.289 360.109
202512 0.000 163.281 0.000
202603 375.239 164.272 379.517
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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?

Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued. The current stock price of ₹4,081.10 is trading 26.7% below its estimated GF Value™ of ₹5,569.39. GuruFocus considers Avenue Supermarts to be Modestly Undervalued.

Key valuation signals for NSE:DMART:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹5,569.39 vs. price of ₹4,081.10 (26.7% below fair value)
  • GF Score™: 99/100

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


Avenue Supermarts Business Description

Other Exchanges 540376:India
Address Road No. 33, Kamgar Hospital Road, Plot No. B-72 and B-72A, Wagle Industrial Estate, Thane, MH, IND, 400604
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
99GF Score

Get the complete analysis for NSE:DMART

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

₹4,081.10
Price
₹5,569.39
GF Value