Khaitan Chemicals & Fertilizers (NSE:KHAICHEM) Cyclically Adjusted PB Ratio: (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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:KHAICHEM Khaitan Chemicals & Fertilizers Ltd NSE:KHAICHEM
63 GF Score
Price ₹54.00
GF Value ₹104.94
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Khaitan Chemicals & Fertilizers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Khaitan Chemicals & Fertilizers  (NSE:KHAICHEM) 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.


Khaitan Chemicals & Fertilizers Cyclically Adjusted PB Ratio Related Terms


Khaitan Chemicals & Fertilizers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Khaitan Chemicals & Fertilizers'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.

Khaitan Chemicals & Fertilizers Cyclically Adjusted PB Ratio Chart

Khaitan Chemicals & Fertilizers 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 6.34 3.24 2.91 2.04 1.76

Khaitan Chemicals & Fertilizers 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 5.14 0.00 1.76 0.00

NSE:KHAICHEM vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Khaitan Chemicals & Fertilizers'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.


Khaitan Chemicals & Fertilizers Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Khaitan Chemicals & Fertilizers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Khaitan Chemicals & Fertilizers's Cyclically Adjusted PB Ratio falls into.


NSE:KHAICHEM
63GF Score
Khaitan Chemicals & Fertilizers Ltd NSE:KHAICHEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khaitan Chemicals & Fertilizers 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.

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

For example, Khaitan Chemicals & Fertilizers'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.

Khaitan Chemicals & Fertilizers Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.159 105.961 20.784
201612 0.000 105.196 0.000
201703 13.312 105.196 21.178
201706 0.000 107.109 0.000
201709 13.292 109.021 20.404
201712 0.000 109.404 0.000
201803 13.437 109.786 20.483
201806 0.000 111.317 0.000
201809 13.995 115.142 20.342
201812 0.000 115.142 0.000
201903 14.240 118.202 20.162
201906 0.000 120.880 0.000
201909 14.782 123.175 20.084
201912 0.000 126.235 0.000
202003 15.781 124.705 21.178
202006 0.000 127.000 0.000
202009 17.276 130.118 22.220
202012 0.000 130.889 0.000
202103 17.963 131.771 22.814
202106 0.000 134.084 0.000
202109 22.721 135.847 27.991
202112 0.000 138.161 0.000
202203 26.009 138.822 31.355
202206 0.000 142.347 0.000
202209 28.477 144.661 32.945
202212 0.000 145.763 0.000
202303 30.288 146.865 34.514
202306 0.000 150.280 0.000
202309 29.451 151.492 32.535
202312 0.000 152.924 0.000
202403 22.733 153.035 24.861
202406 0.000 155.789 0.000
202409 20.725 157.882 21.969
202412 0.000 158.323 0.000
202503 22.955 157.552 24.384
202506 0.000 159.755 0.000
202509 27.395 162.289 28.251
202512 0.000 163.281 0.000
202603 29.967 164.272 30.530
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 Khaitan Chemicals & Fertilizers (NSE:KHAICHEM) Overvalued in 2026?

Based on GuruFocus' analysis, Khaitan Chemicals & Fertilizers stock appears to be undervalued. The current stock price of ₹54.00 is trading 48.5% below its estimated GF Value™ of ₹104.94. GuruFocus considers Khaitan Chemicals & Fertilizers to be Significantly Undervalued.

Key valuation signals for NSE:KHAICHEM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹104.94 vs. price of ₹54.00 (48.5% below fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Khaitan Chemicals & Fertilizers Business Description

Other Exchanges 507794:India
Address Nipania Main Road, The B Zone, 7th Floor, Pipliya Kumar, Indore, MP, IND, 453771
Khaitan Chemicals & Fertilizers Ltd is a manufacturer of straight inorganic fertilizers. The company is mainly engaged in the manufacturing of Single Super Phosphate, Sulphuric Acid, and Soya Edible Oil. The segments of the group are Fertilizers and Chemicals, and Speciality Chemicals. The products of the company are sold under the brand names Khaitan and Utsav. The Fertilizer and Chemical division of the company is the main contributor to the company's turnover.
63GF Score

Get the complete analysis for NSE:KHAICHEM

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

₹54.00
Price
₹104.94
GF Value