KDDL (NSE:KDDL) Cyclically Adjusted PB Ratio: (As of Sep. 15, 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.
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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:KDDL KDDL Ltd NSE:KDDL
82 GF Score
Price ₹3,881.90
GF Value ₹4,258.36
Valuation Fairly Valued
! 5 Warning Signs
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What is KDDL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KDDL  (NSE:KDDL) 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.


KDDL Cyclically Adjusted PB Ratio Related Terms


KDDL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KDDL'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.

KDDL Cyclically Adjusted PB Ratio Chart

KDDL 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 7.03 5.96 11.49 11.56 5.52

KDDL 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 8.16 0.00 5.52 0.00

NSE:KDDL vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, KDDL'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.


KDDL Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, KDDL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KDDL
82GF Score
KDDL Ltd NSE:KDDL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KDDL 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.

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

For example, KDDL'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

KDDL Quarterly Data

Book Value per Share CPI Adj_Book
201609 72.251 105.961 114.115
201612 0.000 105.196 0.000
201703 97.743 105.196 155.500
201706 0.000 107.109 0.000
201709 100.665 109.021 154.530
201712 0.000 109.404 0.000
201803 118.919 109.786 181.279
201806 0.000 111.317 0.000
201809 149.982 115.142 217.997
201812 0.000 115.142 0.000
201903 161.884 118.202 229.205
201906 0.000 120.880 0.000
201909 155.017 123.175 210.621
201912 0.000 126.235 0.000
202003 157.353 124.705 211.172
202006 0.000 127.000 0.000
202009 145.337 130.118 186.932
202012 0.000 130.889 0.000
202103 158.034 131.771 200.714
202106 0.000 134.084 0.000
202109 167.889 135.847 206.832
202112 0.000 138.161 0.000
202203 198.242 138.822 238.992
202206 0.000 142.347 0.000
202209 350.491 144.661 405.480
202212 0.000 145.763 0.000
202303 363.953 146.865 414.737
202306 0.000 150.280 0.000
202309 401.946 151.492 444.041
202312 0.000 152.924 0.000
202403 585.431 153.035 640.223
202406 0.000 155.789 0.000
202409 691.487 157.882 732.986
202412 0.000 158.323 0.000
202503 743.965 157.552 790.267
202506 0.000 159.755 0.000
202509 851.110 162.289 877.689
202512 0.000 163.281 0.000
202603 878.304 164.272 894.798
202606 0.000 167.357 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 KDDL (NSE:KDDL) Overvalued in 2026?

Based on GuruFocus' analysis, KDDL stock appears to be undervalued. The current stock price of ₹3,881.90 is trading 8.8% below its estimated GF Value™ of ₹4,258.36. GuruFocus considers KDDL to be Fairly Valued.

Key valuation signals for NSE:KDDL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹4,258.36 vs. price of ₹3,881.90 (8.8% below fair value)
  • GF Score™: 82/100 with 5 warning signs

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


KDDL Business Description

Other Exchanges 532054:India
Address Sector 8-C, Madhya Marg, Kamla Center, SCO 88-89, Chandigarh, PB, IND, 160 009
KDDL Ltd is engaged principally in the manufacturing of dials, watch hands, indexes, appliques, and precision stamped components and bracelets. Its business areas include TARATEC-KDDL: Watch Dials & Hands, EIGEN: Precision Engineering, ETHOS: Luxury Watch Retail, ESTIMA: Swiss Made Dials & Hands, and ORNAPAC: Luxury Packaging. The segments of the company are Precision and watch components; and Others. A majority of revenue is derived from the Precision and watch components segment. It generates revenue from India and Outside India.
82GF Score

Get the complete analysis for NSE:KDDL

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

₹3,881.90
Price
₹4,258.36
GF Value