Kitex Garments (NSE:KITEX) Cyclically Adjusted PB Ratio: (As of Sep. 06, 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:KITEX Kitex Garments Ltd NSE:KITEX
70 GF Score
Price ₹128.85
GF Value ₹131.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Kitex Garments Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kitex Garments  (NSE:KITEX) 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.


Kitex Garments Cyclically Adjusted PB Ratio Related Terms


Kitex Garments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kitex Garments'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.

Kitex Garments Cyclically Adjusted PB Ratio Chart

Kitex Garments 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 3.86 1.60 1.86 4.80 3.34

Kitex Garments 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 4.62 0.00 3.34 0.00

NSE:KITEX vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Kitex Garments'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.


Kitex Garments Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kitex Garments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KITEX
70GF Score
Kitex Garments Ltd NSE:KITEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kitex Garments 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.

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

For example, Kitex Garments'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.

Kitex Garments Quarterly Data

Book Value per Share CPI Adj_Book
201503 13.227 97.163 22.783
201506 0.000 99.841 0.000
201509 15.174 101.753 24.957
201512 0.000 102.901 0.000
201603 18.524 102.518 30.240
201703 22.285 105.196 35.453
201803 24.998 109.786 38.107
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 28.245 118.202 39.991
201906 0.000 120.880 0.000
201909 30.158 123.175 40.976
201912 0.000 126.235 0.000
202003 32.149 124.705 43.145
202006 0.000 127.000 0.000
202009 33.676 130.118 43.314
202012 0.000 130.889 0.000
202103 34.876 131.771 44.295
202106 0.000 134.084 0.000
202109 36.694 135.847 45.205
202112 0.000 138.161 0.000
202203 40.709 138.822 49.077
202206 0.000 142.347 0.000
202209 44.407 144.661 51.374
202212 0.000 145.763 0.000
202303 43.024 146.865 49.027
202306 0.000 150.280 0.000
202309 43.584 151.492 48.148
202312 0.000 152.924 0.000
202403 45.343 153.035 49.587
202406 0.000 155.789 0.000
202409 48.083 157.882 50.969
202412 0.000 158.323 0.000
202503 51.779 157.552 55.002
202506 0.000 159.755 0.000
202509 52.242 162.289 53.873
202512 0.000 163.281 0.000
202603 51.620 164.272 52.589
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 Kitex Garments (NSE:KITEX) Overvalued in 2026?

Based on GuruFocus' analysis, Kitex Garments stock appears to be undervalued. The current stock price of ₹128.85 is trading 2.3% below its estimated GF Value™ of ₹131.89. GuruFocus considers Kitex Garments to be Fairly Valued.

Key valuation signals for NSE:KITEX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹131.89 vs. price of ₹128.85 (2.3% below fair value)
  • GF Score™: 70/100 with 7 warning signs

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


Kitex Garments Business Description

Other Exchanges 521248:India
Address Vilangu P.O., Aluva, Kizhakkambalam, Building No. VI/496, Kunnathunad, Kochi, KL, IND, 683561
Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.
70GF Score

Get the complete analysis for NSE:KITEX

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

₹128.85
Price
₹131.89
GF Value