FDC (NSE:FDC) 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:FDC FDC Ltd NSE:FDC
91 GF Score
Price ₹344.70
GF Value ₹481.91
Valuation Modestly Undervalued
! 3 Warning Signs
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What is FDC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


FDC  (NSE:FDC) 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.


FDC Cyclically Adjusted PB Ratio Related Terms


FDC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FDC'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.

FDC Cyclically Adjusted PB Ratio Chart

FDC 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 3.81 2.69

FDC 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 3.93 0.00 2.69 0.00

NSE:FDC vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, FDC'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.


FDC Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, FDC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:FDC
91GF Score
FDC Ltd NSE:FDC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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FDC 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.

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

For example, FDC'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

FDC Quarterly Data

Book Value per Share CPI Adj_Book
201203 38.018 76.889 82.751
201303 43.368 85.687 84.703
201403 47.533 91.425 87.011
201503 56.773 97.163 97.788
201603 60.870 102.518 99.368
201703 71.426 105.196 113.632
201803 73.170 109.786 111.540
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 82.868 118.202 117.329
201906 0.000 120.880 0.000
201909 83.843 123.175 113.917
201912 0.000 126.235 0.000
202003 90.507 124.705 121.463
202006 0.000 127.000 0.000
202009 101.041 130.118 129.959
202012 0.000 130.889 0.000
202103 102.727 131.771 130.470
202106 0.000 134.084 0.000
202109 113.046 135.847 139.268
202112 0.000 138.161 0.000
202203 115.917 138.822 139.744
202206 0.000 142.347 0.000
202209 114.553 144.661 132.525
202212 0.000 145.763 0.000
202303 119.465 146.865 136.135
202306 0.000 150.280 0.000
202309 121.154 151.492 133.842
202312 0.000 152.924 0.000
202403 128.811 153.035 140.867
202406 0.000 155.789 0.000
202409 140.761 157.882 149.209
202412 0.000 158.323 0.000
202503 140.107 157.552 148.827
202506 0.000 159.755 0.000
202509 149.339 162.289 154.003
202512 0.000 163.281 0.000
202603 152.639 164.272 155.505
202606 0.000 167.357 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 FDC (NSE:FDC) Overvalued in 2026?

Based on GuruFocus' analysis, FDC stock appears to be undervalued. The current stock price of ₹344.70 is trading 28.5% below its estimated GF Value™ of ₹481.91. GuruFocus considers FDC to be Modestly Undervalued.

Key valuation signals for NSE:FDC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹481.91 vs. price of ₹344.70 (28.5% below fair value)
  • GF Score™: 91/100 with 3 warning signs

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


FDC Business Description

Other Exchanges 531599:India
Address B-8, M.I.D.C. Industrial Estate, Waluj, Chhatrapati Sambhaji Nagar (Aurangabad), MH, IND, 431136
FDC Ltd is principally engaged in the business of manufacturing and trading pharmaceutical products. It has its presence in numerous therapeutic segments including anti-infectives, gastrointestinal treatments, ophthalmics, vitamins, minerals, dietary supplements, cardiovascular solutions, anti-diabetics, and others. The company's different pharmaceutical products are marketed through brands such as Electral, Enerzal, Zifi, Zocon, Vitcofol, Otek Ac Neo, Amodep AT, Simyl MCT Oil, and many others. Geographically, the company derives maximum revenue from India and the rest from the United States of America, and other regions.
91GF Score

Get the complete analysis for NSE:FDC

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

₹344.70
Price
₹481.91
GF Value