IG Petrochemicals (NSE:IGPL) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:IGPL IG Petrochemicals Ltd NSE:IGPL
78 GF Score
Price ₹459.55
GF Value ₹453.62
Valuation Fairly Valued
! 11 Warning Signs
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What is IG Petrochemicals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IG Petrochemicals  (NSE:IGPL) 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.


IG Petrochemicals Cyclically Adjusted PB Ratio Related Terms


IG Petrochemicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IG Petrochemicals'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.

IG Petrochemicals Cyclically Adjusted PB Ratio Chart

IG Petrochemicals 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 3.59 1.80 1.70 1.47 1.02

IG Petrochemicals 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 1.35 0.00 1.02 0.00

NSE:IGPL vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, IG Petrochemicals'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.


IG Petrochemicals Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


NSE:IGPL
78GF Score
IG Petrochemicals Ltd NSE:IGPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IG Petrochemicals 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.

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

For example, IG Petrochemicals'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.

IG Petrochemicals Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 91.302 101.753 149.080
201512 0.000 102.901 0.000
201603 96.852 102.518 156.962
201606 0.000 105.961 0.000
201703 127.155 105.196 200.827
201803 171.384 109.786 259.364
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 204.278 118.202 287.134
201906 0.000 120.880 0.000
201909 203.839 123.175 274.950
201912 0.000 126.235 0.000
202003 205.461 124.705 273.737
202006 0.000 127.000 0.000
202009 212.878 130.118 271.820
202012 0.000 130.889 0.000
202103 266.926 131.771 336.559
202106 0.000 134.084 0.000
202109 297.151 135.847 363.426
202112 0.000 138.161 0.000
202203 344.898 138.822 412.783
202206 0.000 142.347 0.000
202209 377.065 144.661 433.065
202212 0.000 145.763 0.000
202303 401.005 146.865 453.650
202306 0.000 150.280 0.000
202309 405.672 151.492 444.912
202312 0.000 152.924 0.000
202403 404.908 153.035 439.598
202406 0.000 155.789 0.000
202409 420.260 157.882 442.255
202412 0.000 158.323 0.000
202503 434.746 157.552 458.459
202506 0.000 159.755 0.000
202509 424.090 162.289 434.167
202512 0.000 163.281 0.000
202603 432.826 164.272 437.761
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 IG Petrochemicals (NSE:IGPL) Overvalued in 2026?

Based on GuruFocus' analysis, IG Petrochemicals stock appears to be overvalued. The current stock price of ₹459.55 is trading 1.3% above its estimated GF Value™ of ₹453.62. GuruFocus considers IG Petrochemicals to be Fairly Valued.

Key valuation signals for NSE:IGPL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹453.62 vs. price of ₹459.55 (1.3% above fair value)
  • GF Score™: 78/100 with 11 warning signs

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


IG Petrochemicals Business Description

Other Exchanges 500199:India
Address 214, Nariman Point, Free Press Journal Marg, 401- 404, Raheja Centre, Mumbai, MH, IND, 400021
IG Petrochemicals Ltd is engaged in the manufacture and sale of organic chemicals. The company produces Phthalic Anhydride, Maleic Anhydride, and Benzoic Acid. Phthalic Anhydride is used for the manufacture of polyvinyl chloride products for manufacturing a range of consumer care, personal care, and home care products like shoes, pipes and hoses, boxes, containers, packaging films, medical and surgical equipment, and others. Geographically, the firm has a presence in both the Indian and international markets of which the Indian region accounts for the majority of revenue.
78GF Score

Get the complete analysis for NSE:IGPL

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

₹459.55
Price
₹453.62
GF Value