Dollar Industries (NSE:DOLLAR) Cyclically Adjusted PB Ratio: 2.26 (As of Jul. 22, 2026) — 56% Below Median

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NSE:DOLLAR Dollar Industries Ltd NSE:DOLLAR
78 GF Score
Price ₹259.70
GF Value ₹534.78
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Dollar Industries Cyclically Adjusted PB Ratio?

Dollar Industries NSE:DOLLAR -0.84% 78 Cyclically Adjusted PB Ratio is 2.26 as of Jul. 22, 2026, which is 56% below its 10-year median of 5.12. GuruFocus rates NSE:DOLLAR with a GF Score™ of 78/100 and a GF Value™ of ₹534.78 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 874 Manufacturing - Apparel & Accessories companies, Dollar Industries ranks worse than 76.2% on this metric.

As of today (2026-07-22), Dollar Industries's current share price is ₹259.70. Dollar Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹114.77. Dollar Industries's Cyclically Adjusted PB Ratio for today is 2.26.

The historical rank and industry rank for Dollar Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:DOLLAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17   Med: 5.12   Max: 7.79
Current: 2.28

During the past years, Dollar Industries's highest Cyclically Adjusted PB Ratio was 7.79. The lowest was 2.17. And the median was 5.12.

NSE:DOLLAR's Cyclically Adjusted PB Ratio is ranked worse than
76.2% of 874 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1 vs NSE:DOLLAR: 2.28

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.

Dollar Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₹167.265. 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 ₹114.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dollar Industries  (NSE:DOLLAR) 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.


Dollar Industries Cyclically Adjusted PB Ratio Related Terms


Dollar Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dollar Industries'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.

Dollar Industries Cyclically Adjusted PB Ratio Chart

Dollar Industries 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 4.76 6.12 3.98 1.95

Dollar Industries 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 3.98 0.00 3.43 0.00 1.95

NSE:DOLLAR vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Dollar Industries'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.


Dollar Industries Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dollar Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:DOLLAR
78GF Score
Dollar Industries Ltd NSE:DOLLAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dollar Industries 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.

Dollar Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=259.70/114.77
=2.26

* 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.

Dollar Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dollar Industries's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=167.265/164.2724*164.2724
=167.265

Current CPI (Mar. 2026) = 164.2724.

Dollar Industries Quarterly Data

Book Value per Share CPI Adj_Book
201603 26.835 102.518 43.000
201606 0.000 105.961 0.000
201609 29.161 105.961 45.209
201612 0.000 105.196 0.000
201703 33.371 105.196 52.112
201706 0.000 107.109 0.000
201709 36.739 109.021 55.358
201712 0.000 109.404 0.000
201803 62.128 109.786 92.962
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 73.292 118.202 101.858
201906 0.000 120.880 0.000
201909 75.961 123.175 101.305
201912 0.000 126.235 0.000
202003 81.252 124.705 107.032
202006 0.000 127.000 0.000
202009 86.443 130.118 109.133
202012 0.000 130.889 0.000
202103 94.639 131.771 117.982
202106 0.000 134.084 0.000
202109 104.041 135.847 125.811
202112 0.000 138.161 0.000
202203 118.310 138.822 140.000
202206 0.000 142.347 0.000
202209 123.145 144.661 139.839
202212 0.000 145.763 0.000
202303 124.695 146.865 139.475
202306 0.000 150.280 0.000
202309 128.729 151.492 139.589
202312 0.000 152.924 0.000
202403 137.722 153.035 147.835
202406 0.000 155.789 0.000
202409 142.140 157.882 147.893
202412 0.000 158.323 0.000
202503 150.917 157.552 157.355
202506 0.000 159.755 0.000
202509 157.948 162.289 159.878
202512 0.000 163.281 0.000
202603 167.265 164.272 167.265

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.

What does a Cyclically Adjusted PB Ratio of 2.26 mean?
Dollar Industries (NSE:DOLLAR) has a Cyclically Adjusted PB Ratio of 2.26 as of Jul. 22, 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 Dollar Industries and its competitors. This is 56% below median its historical median of 5.12. Over the past decade, Dollar Industries' Cyclically Adjusted PB Ratio has ranged from 2.17 to 7.79. According to the industry distribution chart, Dollar Industries ranks #666 out of 874 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 76.2%.
Is Dollar Industries' Cyclically Adjusted PB Ratio too high?
Dollar Industries' current Cyclically Adjusted PB Ratio of 2.26 is 56% below median its 10-year median of 5.12. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 7.79. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.00. Dollar Industries' value of 2.26 is 126% above this industry median. Based on the distribution chart, Dollar Industries ranks #666 out of 874 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Dollar Industries has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dollar Industries' Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Dollar Industries ranks #666 out of 874 companies for Cyclically Adjusted PB Ratio. This places Dollar Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Dollar Industries' value of 2.26 is 126% above this benchmark. Historically, Dollar Industries' own Cyclically Adjusted PB Ratio has ranged from 2.17 to 7.79 over the past decade. While the company's 10-year median is 5.12 vs. the industry median of 1.00, Dollar Industries 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.00, based on 874 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. Dollar Industries's current Cyclically Adjusted PB Ratio of 2.26 is 126% 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 Dollar Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dollar Industries's current Cyclically Adjusted PB Ratio is 2.26, which is 56% below median its own 10-year median of 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollar Industries stock overvalued right now?
Based on GuruFocus' analysis, Dollar Industries (NSE:DOLLAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹534.78, compared to a current price of ₹259.70 — trading 51.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 56% below median its 10-year median of 5.12 and 126% above the Manufacturing - Apparel & Accessories industry median of 1.00. Dollar Industries' overall GF Score™ is 78/100 with 3 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 Dollar Industries (NSE:DOLLAR), the current Cyclically Adjusted PB Ratio is 2.26 as of Jul. 22, 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 Dollar Industries (NSE:DOLLAR) Overvalued in 2026?

Based on GuruFocus' analysis, Dollar Industries stock appears to be undervalued. The current stock price of ₹259.70 is trading 51.4% below its estimated GF Value™ of ₹534.78. GuruFocus considers Dollar Industries to be Significantly Undervalued.

Key valuation signals for NSE:DOLLAR:

  • Cyclically Adjusted PB Ratio: 2.26 (56% below median its 10-year median of 5.12)
  • GF Value™: ₹534.78 vs. price of ₹259.70 (51.4% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 126% above the Manufacturing - Apparel & Accessories median (#666 of 874)

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


Dollar Industries Business Description

Other Exchanges 541403:India
Address 32, Jawaharlal Nehru Road, 15th Floor, Om Towers, Kolkata, WB, IND, 700 071
Dollar Industries Ltd is engaged in the manufacture of hosiery products in knitted innerwear, casual wear, and thermal wear. The company is engaged in the manufacturing of garments and hosiery products and generates revenue from the sale of the same. It is also the only reportable segment of the company. Geographically, it derives a majority of its revenue from India. Its brand portfolio includes Dollar Bigboss; Dollar Missy; Force NXT; Dollar Ultra; Dollar Champion; Force Go Wear; Dollar Kids Care; Dollar Lehar; Dollar Comfort; Dollar Commando; Dollar Bravery, and Dollar RKG.
78GF Score

Get the complete analysis for NSE:DOLLAR

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

₹259.70
Price
₹534.78
GF Value