Gokaldas Exports (NSE:GOKEX) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:GOKEX Gokaldas Exports Ltd NSE:GOKEX
88 GF Score
Price ₹804.10
GF Value ₹1,081.31
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Gokaldas Exports Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gokaldas Exports  (NSE:GOKEX) 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.


Gokaldas Exports Cyclically Adjusted PB Ratio Related Terms


Gokaldas Exports Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gokaldas Exports'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.

Gokaldas Exports Cyclically Adjusted PB Ratio Chart

Gokaldas Exports 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 5.06 4.13

Gokaldas Exports 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 4.80 0.00 4.13 0.00

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

For the Apparel Manufacturing subindustry, Gokaldas Exports'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.


Gokaldas Exports Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


NSE:GOKEX
88GF Score
Gokaldas Exports Ltd NSE:GOKEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gokaldas Exports 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.

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

For example, Gokaldas Exports'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.

Gokaldas Exports Quarterly Data

Book Value per Share CPI Adj_Book
201203 66.074 76.889 143.818
201303 36.066 85.687 70.441
201403 35.972 91.425 65.848
201503 45.914 97.163 79.084
201603 59.414 102.518 96.991
201703 48.504 105.196 77.165
201803 37.451 109.786 57.090
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 56.143 118.202 79.490
201906 0.000 120.880 0.000
201909 59.369 123.175 80.664
201912 0.000 126.235 0.000
202003 52.915 124.705 71.013
202006 0.000 127.000 0.000
202009 60.334 130.118 77.601
202012 0.000 130.889 0.000
202103 67.621 131.771 85.883
202106 65.741 134.084 82.055
202109 54.045 135.847 66.581
202112 0.000 138.161 0.000
202203 120.077 138.822 144.759
202206 0.000 142.347 0.000
202209 123.901 144.661 143.340
202212 0.000 145.763 0.000
202303 146.299 146.865 166.713
202306 0.000 150.280 0.000
202309 158.790 151.492 175.420
202312 0.000 152.924 0.000
202403 203.736 153.035 222.804
202406 0.000 155.789 0.000
202409 272.817 157.882 289.190
202412 0.000 158.323 0.000
202503 291.143 157.552 309.263
202506 0.000 159.755 0.000
202509 294.395 162.289 303.589
202512 0.000 163.281 0.000
202603 294.947 164.272 300.486
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 Gokaldas Exports (NSE:GOKEX) Overvalued in 2026?

Based on GuruFocus' analysis, Gokaldas Exports stock appears to be undervalued. The current stock price of ₹804.10 is trading 25.6% below its estimated GF Value™ of ₹1,081.31. GuruFocus considers Gokaldas Exports to be Modestly Undervalued.

Key valuation signals for NSE:GOKEX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,081.31 vs. price of ₹804.10 (25.6% below fair value)
  • GF Score™: 88/100 with 6 warning signs

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


Gokaldas Exports Business Description

Other Exchanges 532630:India
Address No. 25, Second Cross, Third Main, Industrial Suburb, Yeshwantpur, Bangalore, KA, IND, 560 022
Gokaldas Exports Ltd is a manufacturer and exporter of apparel in India. Its principal business activities include the design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several international fashion brands and retailers. The company mainly operates in two geographical areas - India and the rest of the world. Its principal source of revenue for the company is the export of garments and related products.
88GF Score

Get the complete analysis for NSE:GOKEX

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

₹804.10
Price
₹1,081.31
GF Value