FDC (NSE:FDC) Cyclically Adjusted PB Ratio: 3.46 (As of Jul. 26, 2026) — 13% Below Median

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NSE:FDC FDC Ltd NSE:FDC
89 GF Score
Price ₹412.95
GF Value ₹483.54
Valuation Modestly Undervalued
! 3 Warning Signs
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What is FDC Cyclically Adjusted PB Ratio?

FDC NSE:FDC +2.92% 89 Cyclically Adjusted PB Ratio is 3.46 as of Jul. 26, 2026, which is 13% below its 10-year median of 3.97. GuruFocus rates NSE:FDC with a GF Score™ of 89/100 and a GF Value™ of ₹483.54 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 753 Drug Manufacturers companies, FDC ranks worse than 72.11% on this metric.

As of today (2026-07-26), FDC's current share price is ₹412.95. FDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹119.41. FDC's Cyclically Adjusted PB Ratio for today is 3.46.

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

NSE:FDC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.79   Med: 3.97   Max: 5.62
Current: 3.44

During the past years, FDC's highest Cyclically Adjusted PB Ratio was 5.62. The lowest was 2.79. And the median was 3.97.

NSE:FDC's Cyclically Adjusted PB Ratio is ranked worse than
72.11% of 753 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs NSE:FDC: 3.44

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.

FDC's adjusted book value per share data for the three months ended in Mar. 2026 was ₹152.639. 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 ₹119.41 for the trailing ten years ended in Mar. 2026.

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
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 3.81 0.00 3.93 0.00 2.69

NSE:FDC vs ZTS, UTHR: 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
89GF Score
FDC Ltd NSE:FDC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=412.95/119.41
=3.46

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

For example, FDC'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)
=152.639/164.2724*164.2724
=152.639

Current CPI (Mar. 2026) = 164.2724.

FDC Quarterly Data

Book Value per Share CPI Adj_Book
201103 33.396 70.768 77.521
201203 38.018 76.889 81.225
201303 43.368 85.687 83.142
201403 47.533 91.425 85.407
201503 56.773 97.163 95.986
201603 60.870 102.518 97.536
201703 71.426 105.196 111.538
201803 73.170 109.786 109.484
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 82.868 118.202 115.167
201906 0.000 120.880 0.000
201909 83.843 123.175 111.817
201912 0.000 126.235 0.000
202003 90.507 124.705 119.224
202006 0.000 127.000 0.000
202009 101.041 130.118 127.563
202012 0.000 130.889 0.000
202103 102.727 131.771 128.065
202106 0.000 134.084 0.000
202109 113.046 135.847 136.700
202112 0.000 138.161 0.000
202203 115.917 138.822 137.168
202206 0.000 142.347 0.000
202209 114.553 144.661 130.083
202212 0.000 145.763 0.000
202303 119.465 146.865 133.625
202306 0.000 150.280 0.000
202309 121.154 151.492 131.375
202312 0.000 152.924 0.000
202403 128.811 153.035 138.270
202406 0.000 155.789 0.000
202409 140.761 157.882 146.458
202412 0.000 158.323 0.000
202503 140.107 157.552 146.084
202506 0.000 159.755 0.000
202509 149.339 162.289 151.164
202512 0.000 163.281 0.000
202603 152.639 164.272 152.639

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 3.46 mean?
FDC (NSE:FDC) has a Cyclically Adjusted PB Ratio of 3.46 as of Jul. 26, 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 FDC and its competitors. This is 13% below median its historical median of 3.97. Over the past decade, FDC's Cyclically Adjusted PB Ratio has ranged from 2.79 to 5.62. According to the industry distribution chart, FDC ranks #543 out of 753 companies in the Drug Manufacturers industry, placing it in the top 72.1%.
Is FDC's Cyclically Adjusted PB Ratio too high?
FDC's current Cyclically Adjusted PB Ratio of 3.46 is 13% below median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 5.62. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. FDC's value of 3.46 is 93.3% above this industry median. Based on the distribution chart, FDC ranks #543 out of 753 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, FDC has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FDC's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, FDC ranks #543 out of 753 companies for Cyclically Adjusted PB Ratio. This places FDC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. FDC's value of 3.46 is 93.3% above this benchmark. Historically, FDC's own Cyclically Adjusted PB Ratio has ranged from 2.79 to 5.62 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.79, FDC 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 753 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. FDC's current Cyclically Adjusted PB Ratio of 3.46 is 93.3% 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 FDC and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FDC's current Cyclically Adjusted PB Ratio is 3.46, which is 13% below median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FDC stock overvalued right now?
Based on GuruFocus' analysis, FDC (NSE:FDC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹483.54, compared to a current price of ₹412.95 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.46, which is 13% below median its 10-year median of 3.97 and 93.3% above the Drug Manufacturers industry median of 1.79. FDC's overall GF Score™ is 89/100 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 FDC (NSE:FDC), the current Cyclically Adjusted PB Ratio is 3.46 as of Jul. 26, 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 FDC (NSE:FDC) Overvalued in 2026?

Based on GuruFocus' analysis, FDC stock appears to be undervalued. The current stock price of ₹412.95 is trading 14.6% below its estimated GF Value™ of ₹483.54. GuruFocus considers FDC to be Modestly Undervalued.

Key valuation signals for NSE:FDC:

  • Cyclically Adjusted PB Ratio: 3.46 (13% below median its 10-year median of 3.97)
  • GF Value™: ₹483.54 vs. price of ₹412.95 (14.6% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 93.3% above the Drug Manufacturers median (#543 of 753)

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.
89GF 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.

₹412.95
Price
₹483.54
GF Value