Ind-Swift Laboratories (NSE:INDSWFTLAB) Cyclically Adjusted PB Ratio: 1.10 (As of Jul. 24, 2026) — 134% Above Median

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NSE:INDSWFTLAB Ind-Swift Laboratories Ltd NSE:INDSWFTLAB
48 GF Score
Price ₹225.99
GF Value ₹36.57
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Ind-Swift Laboratories Cyclically Adjusted PB Ratio?

Ind-Swift Laboratories NSE:INDSWFTLAB -3.04% 48 Cyclically Adjusted PB Ratio is 1.10 as of Jul. 24, 2026, which is 134% above its 10-year median of 0.47. GuruFocus rates NSE:INDSWFTLAB with a GF Score™ of 48/100 and a GF Value™ of ₹36.57 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 756 Drug Manufacturers companies, Ind-Swift Laboratories ranks better than 69.05% on this metric.

As of today (2026-07-24), Ind-Swift Laboratories's current share price is ₹225.99. Ind-Swift Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹206.04. Ind-Swift Laboratories's Cyclically Adjusted PB Ratio for today is 1.10.

The historical rank and industry rank for Ind-Swift Laboratories's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:INDSWFTLAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.47   Max: 1.19
Current: 1.12

During the past years, Ind-Swift Laboratories's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.32. And the median was 0.47.

NSE:INDSWFTLAB's Cyclically Adjusted PB Ratio is ranked better than
69.05% of 756 companies
in the Drug Manufacturers industry
Industry Median: 1.84 vs NSE:INDSWFTLAB: 1.12

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.

Ind-Swift Laboratories's adjusted book value per share data for the three months ended in Mar. 2026 was ₹159.382. 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 ₹206.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ind-Swift Laboratories  (NSE:INDSWFTLAB) 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.


Ind-Swift Laboratories Cyclically Adjusted PB Ratio Related Terms


Ind-Swift Laboratories Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ind-Swift Laboratories'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.

Ind-Swift Laboratories Cyclically Adjusted PB Ratio Chart

Ind-Swift Laboratories 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 0.38 0.64

Ind-Swift Laboratories Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.00 0.38 0.44 0.00 0.64

NSE:INDSWFTLAB vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Ind-Swift Laboratories'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.


Ind-Swift Laboratories Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ind-Swift Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ind-Swift Laboratories's Cyclically Adjusted PB Ratio falls into.


NSE:INDSWFTLAB
48GF Score
Ind-Swift Laboratories Ltd NSE:INDSWFTLAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ind-Swift Laboratories 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.

Ind-Swift Laboratories's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=225.99/206.04
=1.10

* 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.

Ind-Swift Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ind-Swift Laboratories'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)
=159.382/164.2724*164.2724
=159.382

Current CPI (Mar. 2026) = 164.2724.

Ind-Swift Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 79.567 0.000
201209 379.690 82.244 758.383
201212 0.000 83.774 0.000
201303 217.327 85.687 416.642
201403 177.046 91.425 318.117
201503 145.141 97.163 245.389
201603 126.315 102.518 202.404
201703 118.758 105.196 185.451
201803 121.256 109.786 181.434
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 123.571 118.202 171.734
201906 0.000 120.880 0.000
201909 120.057 123.175 160.114
201912 0.000 126.235 0.000
202003 108.422 124.705 142.823
202006 0.000 127.000 0.000
202009 110.876 130.118 139.980
202012 0.000 130.889 0.000
202103 102.139 131.771 127.332
202106 0.000 134.084 0.000
202109 109.477 135.847 132.385
202112 0.000 138.161 0.000
202203 101.710 138.822 120.357
202206 0.000 142.347 0.000
202209 109.363 144.661 124.189
202212 0.000 145.763 0.000
202303 115.411 146.865 129.091
202306 0.000 150.280 0.000
202309 123.600 151.492 134.027
202312 0.000 152.924 0.000
202403 137.439 153.035 147.532
202406 0.000 155.789 0.000
202409 171.196 157.882 178.125
202412 0.000 158.323 0.000
202503 193.504 157.552 201.758
202509 160.209 162.289 162.167
202512 0.000 163.281 0.000
202603 159.382 164.272 159.382

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 1.10 mean?
Ind-Swift Laboratories (NSE:INDSWFTLAB) has a Cyclically Adjusted PB Ratio of 1.10 as of Jul. 24, 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 Ind-Swift Laboratories and its competitors. This is 134% above median its historical median of 0.47. Over the past decade, Ind-Swift Laboratories' Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.19. According to the industry distribution chart, Ind-Swift Laboratories ranks #234 out of 756 companies in the Drug Manufacturers industry, placing it in the top 31%.
Is Ind-Swift Laboratories' Cyclically Adjusted PB Ratio too high?
Ind-Swift Laboratories' current Cyclically Adjusted PB Ratio of 1.10 is 134% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.19. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.84. Ind-Swift Laboratories' value of 1.10 is 40.2% below this industry median. Based on the distribution chart, Ind-Swift Laboratories ranks #234 out of 756 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Ind-Swift Laboratories has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ind-Swift Laboratories' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Ind-Swift Laboratories ranks #234 out of 756 companies for Cyclically Adjusted PB Ratio. This puts Ind-Swift Laboratories in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.84. Ind-Swift Laboratories' value of 1.10 is 40.2% below this benchmark. Historically, Ind-Swift Laboratories' own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.19 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.84, Ind-Swift Laboratories 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 a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.84, based on 756 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. Ind-Swift Laboratories's current Cyclically Adjusted PB Ratio of 1.10 is 40.2% 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 Ind-Swift Laboratories and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ind-Swift Laboratories's current Cyclically Adjusted PB Ratio is 1.10, which is 134% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ind-Swift Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Ind-Swift Laboratories (NSE:INDSWFTLAB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹36.57, compared to a current price of ₹225.99 — trading 518% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 134% above median its 10-year median of 0.47 and 40.2% below the Drug Manufacturers industry median of 1.84. Ind-Swift Laboratories' overall GF Score™ is 48/100 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 Ind-Swift Laboratories (NSE:INDSWFTLAB), the current Cyclically Adjusted PB Ratio is 1.10 as of Jul. 24, 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 Ind-Swift Laboratories (NSE:INDSWFTLAB) Overvalued in 2026?

Based on GuruFocus' analysis, Ind-Swift Laboratories stock appears to be overvalued. The current stock price of ₹225.99 is trading 518% above its estimated GF Value™ of ₹36.57. GuruFocus considers Ind-Swift Laboratories to be Significantly Overvalued.

Key valuation signals for NSE:INDSWFTLAB:

  • Cyclically Adjusted PB Ratio: 1.10 (134% above median its 10-year median of 0.47)
  • GF Value™: ₹36.57 vs. price of ₹225.99 (518% above fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 40.2% below the Drug Manufacturers median (#234 of 756)

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


Ind-Swift Laboratories Business Description

Other Exchanges 532305:India
Address SCO 850, NAC, Shivalik Enclave, Manimajra, Chandigarh, PB, IND, 160101
Ind-Swift Laboratories Ltd is involved in manufacturing Active Pharmaceutical Ingredients (API), Intermediates, and formulations. The company serves various therapeutic segments, including Cardiovascular health, Antihistamines, Antidiabetics, Antipsychotics, Parkinson's disease, Antineoplastics, ADHD Symptoms, Analgesics, Alcohol Abstinence, and Bone Resorption Inhibitors. It operates solely in the pharmaceutical products sector. Geographically, the company supplies both domestic and international markets, with the majority of its revenue coming from outside India.
48GF Score

Get the complete analysis for NSE:INDSWFTLAB

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

₹225.99
Price
₹36.57
GF Value