Kewal Kiran Clothing (NSE:KKCL) Cyclically Adjusted PB Ratio: (As of Aug. 13, 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:KKCL Kewal Kiran Clothing Ltd NSE:KKCL
92 GF Score
Price ₹523.60
GF Value ₹880.71
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kewal Kiran Clothing Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kewal Kiran Clothing  (NSE:KKCL) 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.


Kewal Kiran Clothing Cyclically Adjusted PB Ratio Related Terms


Kewal Kiran Clothing Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kewal Kiran Clothing'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.

Kewal Kiran Clothing Cyclically Adjusted PB Ratio Chart

Kewal Kiran Clothing 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 2.76 5.32 7.95 4.97 4.05

Kewal Kiran Clothing 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 5.45 5.45 4.89 4.05 0.00

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

For the Apparel Manufacturing subindustry, Kewal Kiran Clothing'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.


Kewal Kiran Clothing Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


NSE:KKCL
92GF Score
Kewal Kiran Clothing Ltd NSE:KKCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kewal Kiran Clothing 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.

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

For example, Kewal Kiran Clothing'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)
=152.306/166.1454*166.1454
=152.306

Current CPI (Jun. 2026) = 166.1454.

Kewal Kiran Clothing Quarterly Data

Book Value per Share CPI Adj_Book
201506 45.313 99.841 75.406
201509 49.228 101.753 80.381
201512 46.986 102.901 75.864
201603 53.222 102.518 86.254
201606 50.520 105.961 79.215
201703 60.708 105.196 95.882
201803 64.777 109.786 98.030
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 69.777 118.202 98.079
201906 69.327 120.880 95.288
201909 74.012 123.175 99.832
201912 73.485 126.235 96.718
202003 72.360 124.705 96.406
202006 69.785 127.000 91.295
202009 71.333 130.118 91.084
202012 70.243 130.889 89.164
202103 70.238 131.771 88.561
202106 71.598 134.084 88.718
202109 76.045 135.847 93.006
202112 77.678 138.161 93.412
202203 77.573 138.822 92.841
202206 75.885 142.347 88.572
202209 82.241 144.661 94.455
202212 83.622 145.763 95.315
202303 88.764 146.865 100.417
202306 92.105 150.280 101.829
202309 100.174 151.492 109.864
202312 105.581 152.924 114.709
202403 109.653 153.035 119.047
202406 113.777 155.789 121.341
202409 124.402 157.882 130.913
202412 128.428 158.323 134.773
202503 133.052 157.552 140.309
202506 136.166 159.755 141.613
202509 143.422 162.289 146.830
202512 149.029 163.281 151.644
202603 152.271 164.272 154.007
202606 152.306 166.145 152.306

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 Kewal Kiran Clothing (NSE:KKCL) Overvalued in 2026?

Based on GuruFocus' analysis, Kewal Kiran Clothing stock appears to be undervalued. The current stock price of ₹523.60 is trading 40.5% below its estimated GF Value™ of ₹880.71. GuruFocus considers Kewal Kiran Clothing to be Significantly Undervalued.

Key valuation signals for NSE:KKCL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹880.71 vs. price of ₹523.60 (40.5% below fair value)
  • GF Score™: 92/100 with 2 warning signs

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


Kewal Kiran Clothing Business Description

Other Exchanges 532732:India
Address I.B. Patel Road, 460/7, Kewal Kiran Estate, Near Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400 063
Kewal Kiran Clothing Ltd is engaged into manufacturing, marketing and retailing of branded readymade garments and finished accessories. Its brands include Killer, Easies, LawmanPg3, K-Lounge, and Integrity. The company has a presence in Asia, the Middle East, and others.
92GF Score

Get the complete analysis for NSE:KKCL

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

₹523.60
Price
₹880.71
GF Value