Greenply Industries (NSE:GREENPLY) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:GREENPLY Greenply Industries Ltd NSE:GREENPLY
91 GF Score
Price ₹287.65
GF Value ₹347.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Greenply Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Greenply Industries  (NSE:GREENPLY) 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.


Greenply Industries Cyclically Adjusted PB Ratio Related Terms


Greenply Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Greenply 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.

Greenply Industries Cyclically Adjusted PB Ratio Chart

Greenply 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 0.00 0.00 4.55 2.71

Greenply Industries 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 4.61 0.00 2.71 0.00

NSE:GREENPLY vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Greenply 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.


Greenply Industries Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Greenply Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

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

For example, Greenply Industries'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Greenply Industries Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 39.277 85.687 76.157
201403 48.368 91.425 87.899
201503 41.039 97.163 70.175
201603 50.903 102.518 82.496
201703 63.009 105.196 99.516
201803 71.559 109.786 108.294
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 27.337 118.202 38.425
201906 0.000 120.880 0.000
201909 30.698 123.175 41.407
201912 0.000 126.235 0.000
202003 30.818 124.705 41.059
202006 0.000 127.000 0.000
202009 31.195 130.118 39.832
202012 0.000 130.889 0.000
202103 35.613 131.771 44.903
202106 0.000 134.084 0.000
202109 38.631 135.847 47.247
202112 0.000 138.161 0.000
202203 43.886 138.822 52.524
202206 0.000 142.347 0.000
202209 47.308 144.661 54.334
202212 0.000 145.763 0.000
202303 52.396 146.865 59.275
202306 0.000 150.280 0.000
202309 53.353 151.492 58.514
202312 0.000 152.924 0.000
202403 57.350 153.035 62.263
202406 0.000 155.789 0.000
202409 60.970 157.882 64.161
202412 0.000 158.323 0.000
202503 64.757 157.552 68.289
202506 0.000 159.755 0.000
202509 67.812 162.289 69.423
202512 0.000 163.281 0.000
202603 71.643 164.272 72.460
202606 0.000 166.145 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 Greenply Industries (NSE:GREENPLY) Overvalued in 2026?

Based on GuruFocus' analysis, Greenply Industries stock appears to be undervalued. The current stock price of ₹287.65 is trading 17.1% below its estimated GF Value™ of ₹347.19. GuruFocus considers Greenply Industries to be Modestly Undervalued.

Key valuation signals for NSE:GREENPLY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹347.19 vs. price of ₹287.65 (17.1% below fair value)
  • GF Score™: 91/100 with 2 warning signs

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


Greenply Industries Business Description

Other Exchanges 526797:India
Address 23 Chetla Central Road, 5th and 6th Floor, Madgul Lounge, Kolkata, WB, IND, 700027
Greenply Industries Ltd is an interior infrastructure company that manufactures and markets wood and plywood products. The company's product portfolio consists of plywood and block boards, Doors, decorative veneers, PVC products, and Specialty plywood. Its segments consist of Plywood and Allied products, and Medium Density Fibre Boards, and allied products. The company generates all of its revenue from Plywood and Allied products.
91GF Score

Get the complete analysis for NSE:GREENPLY

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

₹287.65
Price
₹347.19
GF Value