JSW Dulux (NSE:JSWDULUX) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: 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:JSWDULUX JSW Dulux Ltd NSE:JSWDULUX
72 GF Score
Price ₹3,157.00
GF Value ₹2,800.52
Valuation Modestly Overvalued
! 5 Warning Signs
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What is JSW Dulux Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JSW Dulux  (NSE:JSWDULUX) 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.


JSW Dulux Cyclically Adjusted PB Ratio Related Terms


JSW Dulux Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JSW Dulux'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.

JSW Dulux Cyclically Adjusted PB Ratio Chart

JSW Dulux 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 5.61 7.19 7.37 11.04 7.99

JSW Dulux 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 9.62 0.00 7.99 0.00

NSE:JSWDULUX vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, JSW Dulux'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.


JSW Dulux Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


NSE:JSWDULUX
72GF Score
JSW Dulux Ltd NSE:JSWDULUX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSW Dulux 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.

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

For example, JSW Dulux'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.

JSW Dulux Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 249.293 102.518 404.015
201606 0.000 105.961 0.000
201609 186.211 105.961 291.976
201612 0.000 105.196 0.000
201703 216.374 105.196 341.739
201803 276.661 109.786 418.685
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 249.517 118.202 350.722
201906 0.000 120.880 0.000
201909 243.019 123.175 327.798
201912 0.000 126.235 0.000
202003 271.827 124.705 362.157
202006 0.000 127.000 0.000
202009 267.339 130.118 341.361
202012 0.000 130.889 0.000
202103 282.894 131.771 356.692
202106 0.000 134.084 0.000
202109 281.542 135.847 344.335
202112 0.000 138.161 0.000
202203 276.570 138.822 331.006
202206 0.000 142.347 0.000
202209 272.793 144.661 313.307
202212 0.000 145.763 0.000
202303 289.043 146.865 326.989
202306 0.000 150.280 0.000
202309 293.852 151.492 322.275
202312 0.000 152.924 0.000
202403 292.029 153.035 317.048
202406 0.000 155.789 0.000
202409 313.065 157.882 329.450
202412 0.000 158.323 0.000
202503 292.095 157.552 308.027
202506 0.000 159.755 0.000
202509 495.257 162.289 507.025
202512 0.000 163.281 0.000
202603 538.340 164.272 544.478
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 JSW Dulux (NSE:JSWDULUX) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Dulux stock appears to be overvalued. The current stock price of ₹3,157.00 is trading 12.7% above its estimated GF Value™ of ₹2,800.52. GuruFocus considers JSW Dulux to be Modestly Overvalued.

Key valuation signals for NSE:JSWDULUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹2,800.52 vs. price of ₹3,157.00 (12.7% above fair value)
  • GF Score™: 72/100 with 5 warning signs

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


JSW Dulux Business Description

Other Exchanges 500710:India
Address JSW Centre, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051
JSW Dulux Ltd is engaged in the business of manufacturing, trading and selling paints and related products. The Company is principally engaged in the manufacturing of paints, coatings and allied products in India. It operates through the Paints segment. The Company generates maximum revenue from Domestic operations and also has Overseas operations.
72GF Score

Get the complete analysis for NSE:JSWDULUX

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

₹3,157.00
Price
₹2,800.52
GF Value