Kalyani investment Co (NSE:KICL) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:KICL Kalyani investment Co Ltd NSE:KICL
88 GF Score
Price ₹5,258.00
GF Value ₹4,952.43
Valuation Fairly Valued
! 6 Warning Signs
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What is Kalyani investment Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kalyani investment Co  (NSE:KICL) 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.


Kalyani investment Co Cyclically Adjusted PB Ratio Related Terms


Kalyani investment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kalyani investment 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.

Kalyani investment Co Cyclically Adjusted PB Ratio Chart

Kalyani investment 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 0.14 0.25 0.41 0.39 0.30

Kalyani investment Co 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 0.41 0.00 0.30 0.00

NSE:KICL vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Kalyani investment 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.


Kalyani investment Co Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Kalyani investment Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KICL
88GF Score
Kalyani investment Co Ltd NSE:KICL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kalyani investment 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.

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

For example, Kalyani investment Co'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.

Kalyani investment Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 1,005.132 102.518 1,640.840
201606 0.000 105.961 0.000
201609 785.180 105.961 1,240.131
201703 8,754.405 105.196 13,927.465
201709 838.619 109.021 1,287.353
201803 11,565.345 109.786 17,630.097
201806 0.000 111.317 0.000
201809 9,719.434 115.142 14,127.075
201812 0.000 115.142 0.000
201903 8,653.019 118.202 12,251.440
201906 0.000 120.880 0.000
201909 7,728.000 123.175 10,499.998
201912 0.000 126.235 0.000
202003 4,601.276 124.705 6,175.025
202006 0.000 127.000 0.000
202009 7,858.985 130.118 10,108.206
202012 0.000 130.889 0.000
202103 10,601.853 131.771 13,465.059
202106 0.000 134.084 0.000
202109 12,967.617 135.847 15,975.512
202112 0.000 138.161 0.000
202203 12,258.490 138.822 14,778.283
202206 0.000 142.347 0.000
202209 12,398.919 144.661 14,344.213
202212 0.000 145.763 0.000
202303 13,404.948 146.865 15,275.403
202306 0.000 150.280 0.000
202309 18,087.544 151.492 19,981.798
202312 0.000 152.924 0.000
202403 19,025.182 153.035 20,805.786
202406 0.000 155.789 0.000
202409 24,033.879 157.882 25,476.242
202412 0.000 158.323 0.000
202503 19,967.611 157.552 21,210.342
202506 0.000 159.755 0.000
202509 20,576.990 162.289 21,219.585
202512 0.000 163.281 0.000
202603 26,096.978 164.272 26,587.058
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 Kalyani investment Co (NSE:KICL) Overvalued in 2026?

Based on GuruFocus' analysis, Kalyani investment Co stock appears to be overvalued. The current stock price of ₹5,258.00 is trading 6.2% above its estimated GF Value™ of ₹4,952.43. GuruFocus considers Kalyani investment Co to be Fairly Valued.

Key valuation signals for NSE:KICL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹4,952.43 vs. price of ₹5,258.00 (6.2% above fair value)
  • GF Score™: 88/100 with 6 warning signs

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


Kalyani investment Co Business Description

Other Exchanges 533302:India
Address Corporate Building, 2nd Floor, Mundhwa, Pune, MH, IND, 411 036
Kalyani investment Co Ltd is an investment company. It holds investment portfolio consisting of both listed and unlisted companies which are in diversified sectors as forging, power generation, steel, chemical, and banking. The company focuses on earning income through dividends, interest and gains on investment held.
88GF Score

Get the complete analysis for NSE:KICL

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

₹5,258.00
Price
₹4,952.43
GF Value