Avenue SupermartsNSE:DMART +0.15%99 Cyclically Adjusted PB Ratio is 21.48 as of Jul. 08, 2026, which is 6% below its 10-year median of 22.80. GuruFocus rates NSE:DMART with a GF Score™ of 99/100 and a GF Value™ of ₹5,556.81 (Modestly Undervalued). Among 235 Retail - Defensive companies, Avenue Supermarts ranks worse than 97.02% on this metric.
The historical rank and industry rank for Avenue Supermarts's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:DMART'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 21.05 Med: 22.8 Max: 24.4
Current: 21.05
During the past years, Avenue Supermarts's highest Cyclically Adjusted PB Ratio was 24.40. The lowest was 21.05. And the median was 22.80.
NSE:DMART's Cyclically Adjusted PB Ratio is ranked worse than 97.02% of 235
companies
in the Retail - Defensive industry
Industry Median: 1.62
vs NSE:DMART: 21.05
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.
Avenue Supermarts's adjusted book value per share data for the three months ended in Mar. 2026 was ₹375.239. 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 ₹189.50 for the trailing ten years ended in Mar. 2026.
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
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.
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 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 21.48 mean?
Avenue Supermarts (NSE:DMART) has a Cyclically Adjusted PB Ratio of 21.48 as of Jul. 08, 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 Avenue Supermarts and its competitors. This is near median its historical median of 22.80. Over the past decade, Avenue Supermarts' Cyclically Adjusted PB Ratio has ranged from 21.05 to 24.40. According to the industry distribution chart, Avenue Supermarts ranks #228 out of 235 companies in the Retail - Defensive industry, placing it in the top 97%.
Is Avenue Supermarts' Cyclically Adjusted PB Ratio too high?
Avenue Supermarts' current Cyclically Adjusted PB Ratio of 21.48 is near median its 10-year median of 22.80. Over the past 10 years, this metric has ranged from a low of 21.05 to a high of 24.40. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.62. Avenue Supermarts' value of 21.48 is 1225.9% above this industry median. Based on the distribution chart, Avenue Supermarts ranks #228 out of 235 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Avenue Supermarts has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Cyclically Adjusted PB Ratio compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Avenue Supermarts ranks #228 out of 235 companies for Cyclically Adjusted PB Ratio. This places Avenue Supermarts in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Avenue Supermarts' value of 21.48 is 1225.9% above this benchmark. Historically, Avenue Supermarts' own Cyclically Adjusted PB Ratio has ranged from 21.05 to 24.40 over the past decade. While the company's 10-year median is 22.80 vs. the industry median of 1.62, Avenue Supermarts 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.62, based on 235 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. Avenue Supermarts's current Cyclically Adjusted PB Ratio of 21.48 is 1225.9% 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 Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current Cyclically Adjusted PB Ratio is 21.48, which is near median its own 10-year median of 22.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,556.81, compared to a current price of ₹4,070.90 — trading 26.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 21.48, which is near median its 10-year median of 22.80 and 1225.9% above the Retail - Defensive industry median of 1.62. Avenue Supermarts' overall GF Score™ is 99/100. 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 Avenue Supermarts (NSE:DMART), the current Cyclically Adjusted PB Ratio is 21.48 as of Jul. 08, 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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?
Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued.
The current stock price of ₹4,070.90 is trading 26.7% below its estimated GF Value™ of ₹5,556.81.
GuruFocus considers Avenue Supermarts to be Modestly Undervalued.
Key valuation signals for NSE:DMART:
Cyclically Adjusted PB Ratio: 21.48 (near median its 10-year median of 22.80)
GF Value™: ₹5,556.81 vs. price of ₹4,070.90 (26.7% below fair value)
Industry Position: 1225.9% above the Retail - Defensive median (#228 of 235)
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 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
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