Gujarat State Fertilizers & Chemicals (NSE:GSFC) Cyclically Adjusted PB Ratio: 0.56 (As of Jul. 22, 2026) — 26% Below Median

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NSE:GSFC Gujarat State Fertilizers & Chemicals Ltd NSE:GSFC
74 GF Score
Price ₹158.68
GF Value ₹225.29
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Gujarat State Fertilizers & Chemicals Cyclically Adjusted PB Ratio?

Gujarat State Fertilizers & Chemicals NSE:GSFC -0.35% 74 Cyclically Adjusted PB Ratio is 0.56 as of Jul. 22, 2026, which is 26% below its 10-year median of 0.76. GuruFocus rates NSE:GSFC with a GF Score™ of 74/100 and a GF Value™ of ₹225.29 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 200 Agriculture companies, Gujarat State Fertilizers & Chemicals ranks better than 84% on this metric.

As of today (2026-07-22), Gujarat State Fertilizers & Chemicals's current share price is ₹158.68. Gujarat State Fertilizers & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹284.82. Gujarat State Fertilizers & Chemicals's Cyclically Adjusted PB Ratio for today is 0.56.

The historical rank and industry rank for Gujarat State Fertilizers & Chemicals's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:GSFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.76   Max: 1.05
Current: 0.56

During the past years, Gujarat State Fertilizers & Chemicals's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.53. And the median was 0.76.

NSE:GSFC's Cyclically Adjusted PB Ratio is ranked better than
84% of 200 companies
in the Agriculture industry
Industry Median: 1.37 vs NSE:GSFC: 0.56

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.

Gujarat State Fertilizers & Chemicals's adjusted book value per share data for the three months ended in Mar. 2026 was ₹307.833. 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 ₹284.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gujarat State Fertilizers & Chemicals  (NSE:GSFC) 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.


Gujarat State Fertilizers & Chemicals Cyclically Adjusted PB Ratio Related Terms


Gujarat State Fertilizers & Chemicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gujarat State Fertilizers & Chemicals'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.

Gujarat State Fertilizers & Chemicals Cyclically Adjusted PB Ratio Chart

Gujarat State Fertilizers & Chemicals 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 0.94 0.57 0.80 0.68 0.49

Gujarat State Fertilizers & Chemicals 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 0.68 0.00 0.71 0.00 0.49

NSE:GSFC vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Gujarat State Fertilizers & Chemicals'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.


Gujarat State Fertilizers & Chemicals Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Gujarat State Fertilizers & Chemicals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gujarat State Fertilizers & Chemicals's Cyclically Adjusted PB Ratio falls into.


NSE:GSFC
74GF Score
Gujarat State Fertilizers & Chemicals Ltd NSE:GSFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gujarat State Fertilizers & Chemicals 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.

Gujarat State Fertilizers & Chemicals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=158.68/284.82
=0.56

* 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.

Gujarat State Fertilizers & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gujarat State Fertilizers & Chemicals'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)
=307.833/164.2724*164.2724
=307.833

Current CPI (Mar. 2026) = 164.2724.

Gujarat State Fertilizers & Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 110.464 96.780 187.499
201412 0.000 96.780 0.000
201503 113.065 97.163 191.158
201506 0.000 99.841 0.000
201603 139.148 102.518 222.967
201703 166.106 105.196 259.388
201803 183.283 109.786 274.245
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 183.716 118.202 255.321
201906 0.000 120.880 0.000
201909 179.609 123.175 239.536
201912 0.000 126.235 0.000
202003 172.191 124.705 226.825
202006 0.000 127.000 0.000
202009 192.022 130.118 242.426
202012 0.000 130.889 0.000
202103 231.887 131.771 289.083
202106 0.000 134.084 0.000
202109 258.798 135.847 312.950
202112 0.000 138.161 0.000
202203 295.430 138.822 349.592
202206 0.000 142.347 0.000
202209 295.415 144.661 335.464
202212 0.000 145.763 0.000
202303 302.146 146.865 337.959
202306 0.000 150.280 0.000
202309 309.776 151.492 335.910
202312 0.000 152.924 0.000
202403 319.390 153.035 342.844
202406 0.000 155.789 0.000
202409 336.780 157.882 350.411
202412 0.000 158.323 0.000
202503 304.621 157.552 317.615
202506 0.000 159.755 0.000
202509 312.819 162.289 316.642
202512 0.000 163.281 0.000
202603 307.833 164.272 307.833

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 0.56 mean?
Gujarat State Fertilizers & Chemicals (NSE:GSFC) has a Cyclically Adjusted PB Ratio of 0.56 as of Jul. 22, 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 Gujarat State Fertilizers & Chemicals and its competitors. This is 26% below median its historical median of 0.76. Over the past decade, Gujarat State Fertilizers & Chemicals' Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.05. According to the industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #32 out of 200 companies in the Agriculture industry, placing it in the top 16%.
Is Gujarat State Fertilizers & Chemicals' Cyclically Adjusted PB Ratio too high?
Gujarat State Fertilizers & Chemicals' current Cyclically Adjusted PB Ratio of 0.56 is 26% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.05. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.37. Gujarat State Fertilizers & Chemicals' value of 0.56 is 59.1% below this industry median. Based on the distribution chart, Gujarat State Fertilizers & Chemicals ranks #32 out of 200 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat State Fertilizers & Chemicals has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat State Fertilizers & Chemicals' Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #32 out of 200 companies for Cyclically Adjusted PB Ratio. This places Gujarat State Fertilizers & Chemicals in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.37. Gujarat State Fertilizers & Chemicals' value of 0.56 is 59.1% below this benchmark. Historically, Gujarat State Fertilizers & Chemicals' own Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.05 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.37, Gujarat State Fertilizers & Chemicals 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.37, based on 200 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. Gujarat State Fertilizers & Chemicals's current Cyclically Adjusted PB Ratio of 0.56 is 59.1% 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 Gujarat State Fertilizers & Chemicals and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat State Fertilizers & Chemicals's current Cyclically Adjusted PB Ratio is 0.56, which is 26% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat State Fertilizers & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals (NSE:GSFC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹225.29, compared to a current price of ₹158.68 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 26% below median its 10-year median of 0.76 and 59.1% below the Agriculture industry median of 1.37. Gujarat State Fertilizers & Chemicals' overall GF Score™ is 74/100 with 4 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 Gujarat State Fertilizers & Chemicals (NSE:GSFC), the current Cyclically Adjusted PB Ratio is 0.56 as of Jul. 22, 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 Gujarat State Fertilizers & Chemicals (NSE:GSFC) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals stock appears to be undervalued. The current stock price of ₹158.68 is trading 29.6% below its estimated GF Value™ of ₹225.29. GuruFocus considers Gujarat State Fertilizers & Chemicals to be Significantly Undervalued.

Key valuation signals for NSE:GSFC:

  • Cyclically Adjusted PB Ratio: 0.56 (26% below median its 10-year median of 0.76)
  • GF Value™: ₹225.29 vs. price of ₹158.68 (29.6% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 59.1% below the Agriculture median (#32 of 200)

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


Gujarat State Fertilizers & Chemicals Business Description

Other Exchanges 500690:India
Address P.O. Fertilizernagar, District Vadodara, Vadodara, GJ, IND, 391750
Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.
74GF Score

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

₹158.68
Price
₹225.29
GF Value