GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Indbank Merchant Banking Services Ltd (NSE:INDBANK) » Definitions » Cyclically Adjusted PB Ratio

Indbank Merchant Banking Services (NSE:INDBANK) Cyclically Adjusted PB Ratio : 1.96 (As of Jun. 04, 2025)


View and export this data going back to 2008. Start your Free Trial

What is Indbank Merchant Banking Services Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Indbank Merchant Banking Services's current share price is ₹35.43. Indbank Merchant Banking Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹18.07. Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio for today is 1.96.

The historical rank and industry rank for Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:INDBANK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.61   Max: 3.03
Current: 1.94

During the past years, Indbank Merchant Banking Services's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 0.54. And the median was 1.61.

NSE:INDBANK's Cyclically Adjusted PB Ratio is ranked worse than
62.36% of 518 companies
in the Capital Markets industry
Industry Median: 1.28 vs NSE:INDBANK: 1.94

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.

Indbank Merchant Banking Services's adjusted book value per share data for the three months ended in Mar. 2025 was ₹20.653. 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 ₹18.07 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indbank Merchant Banking Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Indbank Merchant Banking Services'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.

* Premium members only.

Indbank Merchant Banking Services Cyclically Adjusted PB Ratio Chart

Indbank Merchant Banking Services Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 1.42 1.30 2.50 1.56

Indbank Merchant Banking Services Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.50 - 2.58 - 1.56

Competitive Comparison of Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Indbank Merchant Banking Services'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.


Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio falls into.


;
;

Indbank Merchant Banking Services 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.

Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.43/18.07
=1.96

* 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.

Indbank Merchant Banking Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Indbank Merchant Banking Services's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=20.653/157.5517*157.5517
=20.653

Current CPI (Mar. 2025) = 157.5517.

Indbank Merchant Banking Services Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 10.952 101.753 16.958
201512 0.000 102.901 0.000
201603 11.052 102.518 16.985
201606 0.000 105.961 0.000
201609 11.884 105.961 17.670
201612 0.000 105.196 0.000
201703 12.248 105.196 18.344
201706 0.000 107.109 0.000
201709 12.958 109.021 18.726
201712 0.000 109.404 0.000
201803 12.733 109.786 18.273
201806 0.000 111.317 0.000
201809 12.968 115.142 17.744
201812 0.000 115.142 0.000
201903 13.122 118.202 17.490
201906 0.000 120.880 0.000
201909 13.372 123.175 17.104
201912 0.000 126.235 0.000
202003 13.567 124.705 17.140
202006 0.000 127.000 0.000
202009 13.987 130.118 16.936
202012 0.000 130.889 0.000
202103 14.485 131.771 17.319
202106 0.000 134.084 0.000
202109 15.114 135.847 17.529
202112 0.000 138.161 0.000
202203 16.029 138.822 18.192
202206 0.000 142.347 0.000
202209 16.289 144.661 17.740
202212 0.000 145.763 0.000
202303 16.789 146.865 18.011
202306 0.000 150.280 0.000
202309 17.662 151.492 18.368
202312 0.000 152.924 0.000
202403 18.786 153.035 19.341
202406 0.000 155.789 0.000
202409 20.157 157.882 20.115
202412 0.000 158.323 0.000
202503 20.653 157.552 20.653

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.


Indbank Merchant Banking Services  (NSE:INDBANK) 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.


Indbank Merchant Banking Services Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Indbank Merchant Banking Services's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Indbank Merchant Banking Services Business Description

Traded in Other Exchanges
Address
Number 480, Anna Salai, First Floor, Khivraj Complex 1, Nandanam, Chennai, TN, IND, 600 035
Indbank Merchant Banking Services Ltd is an India based company engaged in merchant banking activities. It is involved in providing fee-based services which include operations like merchant banking, stock broking, depository participant services, distribution of financial products and allied activities. The company carries its operations in India and generates the majority of the revenue from the stock broking membership operations.

Indbank Merchant Banking Services Headlines

No Headlines