Hindustan Media Ventures (NSE:HMVL) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

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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:HMVL Hindustan Media Ventures Ltd NSE:HMVL
71 GF Score
Price ₹95.05
GF Value ₹104.12
Valuation Fairly Valued
! 3 Warning Signs
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What is Hindustan Media Ventures Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Media Ventures  (NSE:HMVL) 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.


Hindustan Media Ventures Cyclically Adjusted PB Ratio Related Terms


Hindustan Media Ventures Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hindustan Media Ventures'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.

Hindustan Media Ventures Cyclically Adjusted PB Ratio Chart

Hindustan Media Ventures 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 0.33 0.21 0.50 0.36 0.23

Hindustan Media Ventures 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 0.36 0.00 0.23 0.00

NSE:HMVL vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Hindustan Media Ventures'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.


Hindustan Media Ventures Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hindustan Media Ventures's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:HMVL
71GF Score
Hindustan Media Ventures Ltd NSE:HMVL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hindustan Media Ventures 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.

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

For example, Hindustan Media Ventures'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.

Hindustan Media Ventures Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 136.583 105.961 215.722
201612 0.000 105.196 0.000
201703 158.973 105.196 252.912
201706 0.000 107.109 0.000
201709 169.235 109.021 259.790
201712 0.000 109.404 0.000
201803 181.447 109.786 276.596
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 192.617 118.202 272.718
201906 0.000 120.880 0.000
201909 195.933 123.175 266.213
201912 0.000 126.235 0.000
202003 205.527 124.705 275.822
202006 0.000 127.000 0.000
202009 207.584 130.118 266.994
202012 0.000 130.889 0.000
202103 215.141 131.771 273.243
202106 0.000 134.084 0.000
202109 216.242 135.847 266.400
202112 0.000 138.161 0.000
202203 215.797 138.822 260.155
202206 0.000 142.347 0.000
202209 203.950 144.661 235.948
202212 0.000 145.763 0.000
202303 200.297 146.865 228.245
202306 0.000 150.280 0.000
202309 199.813 151.492 220.739
202312 0.000 152.924 0.000
202403 201.193 153.035 220.023
202406 0.000 155.789 0.000
202409 203.282 157.882 215.482
202412 0.000 158.323 0.000
202503 208.707 157.552 221.696
202506 0.000 159.755 0.000
202509 211.351 162.289 217.951
202512 0.000 163.281 0.000
202603 215.927 164.272 219.982
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 Hindustan Media Ventures (NSE:HMVL) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Media Ventures stock appears to be undervalued. The current stock price of ₹95.05 is trading 8.7% below its estimated GF Value™ of ₹104.12. GuruFocus considers Hindustan Media Ventures to be Fairly Valued.

Key valuation signals for NSE:HMVL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹104.12 vs. price of ₹95.05 (8.7% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Hindustan Media Ventures Business Description

Other Exchanges 533217:India
Address 18-20, Kasturba Gandhi Marg, Hindustan Times House, 2nd Floor, New Delhi, IND, 110 001
Hindustan Media Ventures Ltd is an Indian newspaper publishing company. It is engaged in the business of printing and publication of newspapers and periodicals. It publishes global, national and local news, covering politics, business, entertainment, sports and other topics of general interest. The company publishes Hindustan, a Hindi Daily, and Hindi magazines Nandan, Kadambini, and Hum Tum, among others. The group sells its products mostly within India.
71GF Score

Get the complete analysis for NSE:HMVL

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

₹95.05
Price
₹104.12
GF Value