Just Dial (NSE:JUSTDIAL) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:JUSTDIAL Just Dial Ltd NSE:JUSTDIAL
84 GF Score
Price ₹716.70
GF Value ₹1,030.52
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Just Dial Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Just Dial  (NSE:JUSTDIAL) 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.


Just Dial Cyclically Adjusted PB Ratio Related Terms


Just Dial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Just Dial'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.

Just Dial Cyclically Adjusted PB Ratio Chart

Just Dial 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 3.41 3.27 2.80 1.40

Just Dial 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 2.57 0.00 1.40 0.00

NSE:JUSTDIAL vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Just Dial'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.


Just Dial Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Just Dial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:JUSTDIAL
84GF Score
Just Dial Ltd NSE:JUSTDIAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Just Dial 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.

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

For example, Just Dial'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.

Just Dial Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 85.309 96.780 146.452
201412 0.000 96.780 0.000
201503 107.110 97.163 183.155
201603 106.438 102.518 172.498
201703 130.188 105.196 205.617
201803 145.333 109.786 219.940
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 154.240 118.202 216.800
201906 0.000 120.880 0.000
201909 175.823 123.175 237.160
201912 0.000 126.235 0.000
202003 198.405 124.705 264.336
202006 0.000 127.000 0.000
202009 188.487 130.118 240.676
202012 0.000 130.889 0.000
202103 204.338 131.771 257.644
202106 0.000 134.084 0.000
202109 411.048 135.847 502.725
202112 0.000 138.161 0.000
202203 417.003 138.822 499.080
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 434.896 146.865 491.990
202306 0.000 150.280 0.000
202309 448.882 151.492 492.301
202312 0.000 152.924 0.000
202403 473.151 153.035 513.687
202406 0.000 155.789 0.000
202409 507.730 157.882 534.303
202412 0.000 158.323 0.000
202503 541.674 157.552 571.220
202506 0.000 159.755 0.000
202509 574.211 162.289 587.855
202512 0.000 163.281 0.000
202603 600.444 164.272 607.290
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 Just Dial (NSE:JUSTDIAL) Overvalued in 2026?

Based on GuruFocus' analysis, Just Dial stock appears to be undervalued. The current stock price of ₹716.70 is trading 30.5% below its estimated GF Value™ of ₹1,030.52. GuruFocus considers Just Dial to be Significantly Undervalued.

Key valuation signals for NSE:JUSTDIAL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,030.52 vs. price of ₹716.70 (30.5% below fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Just Dial Business Description

Other Exchanges 535648:India
Address 5th Floor, New Link Road, 501/B, 5th Floor, Palm Court, Building M, Besides Goregaon Sports Complex, Malad (West), Mumbai, MH, IND, 400064
Just Dial Ltd provides local search related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps, over the telephone and text. The company's mobile app is an All-in-One App, replete with features such as map-aided search, Live TV, Videos, News, and a Real-Time Chat Messenger, Augmented Reality, an Online Movie finder, Cricket, Music, and Radio, to make the consumer's life infinitely smoother and more engaging. It has also launched an end-to-end business management solution for SMEs, enabling thousands of SMEs to run their businesses efficiently online and maintain an adequate online presence through their own websites and mobile sites.
84GF Score

Get the complete analysis for NSE:JUSTDIAL

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

₹716.70
Price
₹1,030.52
GF Value