Indian Wood Products Co (NSE:IWP) Cyclically Adjusted PB Ratio: (As of Aug. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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:IWP Indian Wood Products Co Ltd NSE:IWP
61 GF Score
Price ₹34.09
GF Value ₹41.31
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Indian Wood Products Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indian Wood Products Co  (NSE:IWP) 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.


Indian Wood Products Co Cyclically Adjusted PB Ratio Related Terms


Indian Wood Products Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indian Wood Products Co'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.

Indian Wood Products Co Cyclically Adjusted PB Ratio Chart

Indian Wood Products Co 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 0.57 0.47

Indian Wood Products Co 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 0.57 0.00 0.68 0.00 0.47

NSE:IWP vs : Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Indian Wood Products Co'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.


Indian Wood Products Co Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Indian Wood Products Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indian Wood Products Co's Cyclically Adjusted PB Ratio falls into.


NSE:IWP
61GF Score
Indian Wood Products Co Ltd NSE:IWP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Wood Products Co 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.

Indian Wood Products Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Indian Wood Products Co'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)
=58.22/330.2130*330.2130
=58.220

Current CPI (Mar. 2026) = 330.2130.

Indian Wood Products Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 234.812 0.000
201503 2.986 236.119 4.176
201506 0.000 238.638 0.000
201509 0.000 237.945 0.000
201512 0.000 236.525 0.000
201603 47.685 238.132 66.124
201703 49.339 243.801 66.827
201803 51.743 249.554 68.467
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 53.889 254.202 70.003
201906 0.000 256.143 0.000
201909 54.838 256.759 70.526
201912 0.000 256.974 0.000
202003 54.895 258.115 70.229
202006 0.000 257.797 0.000
202009 53.665 260.280 68.084
202012 0.000 260.474 0.000
202103 55.029 264.877 68.603
202106 0.000 271.696 0.000
202109 54.081 274.310 65.102
202112 0.000 278.802 0.000
202203 53.290 287.504 61.206
202206 0.000 296.311 0.000
202209 56.659 296.808 63.036
202212 0.000 296.797 0.000
202303 52.049 301.836 56.942
202306 0.000 305.109 0.000
202309 55.362 307.789 59.395
202312 0.000 306.746 0.000
202403 56.846 312.332 60.100
202406 0.000 314.175 0.000
202409 56.558 315.301 59.233
202412 0.000 315.605 0.000
202503 55.224 319.799 57.022
202506 0.000 322.561 0.000
202509 57.053 324.800 58.004
202512 0.000 324.054 0.000
202603 58.220 330.213 58.220

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 Indian Wood Products Co (NSE:IWP) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Wood Products Co stock appears to be undervalued. The current stock price of ₹34.09 is trading 17.5% below its estimated GF Value™ of ₹41.31. GuruFocus considers Indian Wood Products Co to be Modestly Undervalued.

Key valuation signals for NSE:IWP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹41.31 vs. price of ₹34.09 (17.5% below fair value)
  • GF Score™: 61/100 with 3 warning signs

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


Indian Wood Products Co Business Description

Comparable Companies
Other Exchanges 540954:India
Address 9, Brabourne Road, 7th Floor, Bombay Mutual Building, Kolkata, WB, IND, 700001
Indian Wood Products Co Ltd is engaged in the production, processing, and marketing of Katha, processed Gambier, and trading of spices. Its products include Catechu, Cutch, and Catechins among others. The company operates in a single segment which is manufacturing and trading in Katha. Geographically, the company derives a majority of its revenue from its customers within India.
61GF Score

Get the complete analysis for NSE:IWP

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

₹34.09
Price
₹41.31
GF Value