GOCL (NSE:GOCLCORP) Cyclically Adjusted PB Ratio: 1.39 (As of Aug. 07, 2026) — Near Median

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:GOCLCORP GOCL Corp Ltd NSE:GOCLCORP
54 GF Score
Price ₹410.55
GF Value ₹12.58
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is GOCL Cyclically Adjusted PB Ratio?

GOCL NSE:GOCLCORP -0.44% 54 Cyclically Adjusted PB Ratio is 1.39 as of Aug. 07, 2026, which is 3% below its 10-year median of 1.43. GuruFocus rates NSE:GOCLCORP with a GF Score™ of 54/100 and a GF Value™ of ₹12.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,236 Chemicals companies, GOCL ranks better than 56.8% on this metric.

As of today (2026-08-07), GOCL's current share price is ₹410.55. GOCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹296.24. GOCL's Cyclically Adjusted PB Ratio for today is 1.39.

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

NSE:GOCLCORP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.43   Max: 2.94
Current: 1.34

During the past years, GOCL's highest Cyclically Adjusted PB Ratio was 2.94. The lowest was 0.92. And the median was 1.43.

NSE:GOCLCORP's Cyclically Adjusted PB Ratio is ranked better than
56.8% of 1236 companies
in the Chemicals industry
Industry Median: 1.61 vs NSE:GOCLCORP: 1.34

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.

GOCL's adjusted book value per share data for the three months ended in Mar. 2026 was ₹634.015. 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 ₹296.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GOCL  (NSE:GOCLCORP) 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.


GOCL Cyclically Adjusted PB Ratio Related Terms


GOCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GOCL'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.

GOCL Cyclically Adjusted PB Ratio Chart

GOCL 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 1.33 1.97 1.13 0.85

GOCL 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 1.13 0.00 1.31 0.00 0.85

NSE:GOCLCORP vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, GOCL'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.


GOCL Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, GOCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:GOCLCORP
54GF Score
GOCL Corp Ltd NSE:GOCLCORP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GOCL 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.

GOCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=410.55/296.24
=1.39

* 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.

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

For example, GOCL'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)
=634.015/164.2724*164.2724
=634.015

Current CPI (Mar. 2026) = 164.2724.

GOCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 74.393 105.961 115.332
201612 0.000 105.196 0.000
201703 104.327 105.196 162.915
201706 0.000 107.109 0.000
201709 105.978 109.021 159.687
201712 0.000 109.404 0.000
201803 165.582 109.786 247.759
201806 0.000 111.317 0.000
201809 195.771 115.142 279.306
201812 0.000 115.142 0.000
201903 190.188 118.202 264.315
201906 0.000 120.880 0.000
201909 195.103 123.175 260.199
201912 0.000 126.235 0.000
202003 183.494 124.705 241.714
202006 0.000 127.000 0.000
202009 216.582 130.118 273.432
202012 0.000 130.889 0.000
202103 235.059 131.771 293.038
202106 0.000 134.084 0.000
202109 228.014 135.847 275.725
202112 0.000 138.161 0.000
202203 232.331 138.822 274.925
202206 0.000 142.347 0.000
202209 273.465 144.661 310.538
202212 0.000 145.763 0.000
202303 284.334 146.865 318.036
202306 0.000 150.280 0.000
202309 281.629 151.492 305.388
202312 0.000 152.924 0.000
202403 286.254 153.035 307.275
202406 0.000 155.789 0.000
202409 291.319 157.882 303.110
202412 0.000 158.323 0.000
202503 318.002 157.552 331.567
202506 0.000 159.755 0.000
202509 564.289 162.289 571.185
202512 0.000 163.281 0.000
202603 634.015 164.272 634.015

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 1.39 mean?
GOCL (NSE:GOCLCORP) has a Cyclically Adjusted PB Ratio of 1.39 as of Aug. 07, 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 GOCL and its competitors. This is near median its historical median of 1.43. Over the past decade, GOCL's Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.94. According to the industry distribution chart, GOCL ranks #534 out of 1236 companies in the Chemicals industry, placing it in the top 43.2%.
Is GOCL's Cyclically Adjusted PB Ratio too high?
GOCL's current Cyclically Adjusted PB Ratio of 1.39 is near median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.94. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. GOCL's value of 1.39 is 13.7% below this industry median. Based on the distribution chart, GOCL ranks #534 out of 1236 companies in the Chemicals industry, which is above the industry midpoint. Overall, GOCL has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GOCL's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, GOCL ranks #534 out of 1236 companies for Cyclically Adjusted PB Ratio. This puts GOCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. GOCL's value of 1.39 is 13.7% below this benchmark. Historically, GOCL's own Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.94 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 1.61, GOCL has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.61, based on 1,236 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. GOCL's current Cyclically Adjusted PB Ratio of 1.39 is 13.7% below 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 GOCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GOCL's current Cyclically Adjusted PB Ratio is 1.39, which is near median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GOCL stock overvalued right now?
Based on GuruFocus' analysis, GOCL (NSE:GOCLCORP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹12.58, compared to a current price of ₹410.55 — trading 3163.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.39, which is near median its 10-year median of 1.43 and 13.7% below the Chemicals industry median of 1.61. GOCL's overall GF Score™ is 54/100 with 5 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 GOCL (NSE:GOCLCORP), the current Cyclically Adjusted PB Ratio is 1.39 as of Aug. 07, 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 GOCL (NSE:GOCLCORP) Overvalued in 2026?

Based on GuruFocus' analysis, GOCL stock appears to be overvalued. The current stock price of ₹410.55 is trading 3163.5% above its estimated GF Value™ of ₹12.58. GuruFocus considers GOCL to be Significantly Overvalued.

Key valuation signals for NSE:GOCLCORP:

  • Cyclically Adjusted PB Ratio: 1.39 (near median its 10-year median of 1.43)
  • GF Value™: ₹12.58 vs. price of ₹410.55 (3163.5% above fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 13.7% below the Chemicals median (#534 of 1236)

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


GOCL Business Description

Other Exchanges 506480:India
Address IDL Road, Kukatpally, Hyderabad, TG, IND, 500072
GOCL Corp Ltd is an investment holding company. The company operates in two segments namely Energetics and Explosives and Realty. The vast majority of the revenue is generated from the Energetics and explosives segment which is engaged in the manufacturing of accessories and cartridge explosives and bulk explosives for mining and infrastructure projects and manufacturing of special precision detonators for special applications by the defense, space, and other agencies. Geographically, it derives a majority of its revenue from India.
54GF Score

Get the complete analysis for NSE:GOCLCORP

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

₹410.55
Price
₹12.58
GF Value