Karnataka Bank (NSE:KTKBANK) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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:KTKBANK Karnataka Bank Ltd NSE:KTKBANK
52 GF Score
Price ₹310.00
GF Value ₹202.58
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Karnataka Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Karnataka Bank  (NSE:KTKBANK) 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.


Karnataka Bank Cyclically Adjusted PB Ratio Related Terms


Karnataka Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Karnataka Bank'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.

Karnataka Bank Cyclically Adjusted PB Ratio Chart

Karnataka Bank 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 0.27 0.61 0.94 0.68 0.80

Karnataka Bank 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 0.64 0.00 0.80 0.00

Karnataka Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Karnataka Bank'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.


Karnataka Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Karnataka Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KTKBANK
52GF Score
Karnataka Bank Ltd NSE:KTKBANK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Karnataka Bank 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.

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

For example, Karnataka Bank'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Karnataka Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 126.614 105.961 198.529
201612 0.000 105.196 0.000
201703 165.427 105.196 261.274
201706 0.000 107.109 0.000
201709 170.163 109.021 259.323
201712 0.000 109.404 0.000
201803 174.034 109.786 263.375
201806 0.000 111.317 0.000
201809 179.595 115.142 259.149
201812 0.000 115.142 0.000
201903 186.097 118.202 261.579
201906 0.000 120.880 0.000
201909 191.314 123.175 258.055
201912 0.000 126.235 0.000
202003 192.056 124.705 255.877
202006 0.000 127.000 0.000
202009 208.304 130.118 265.980
202012 0.000 130.889 0.000
202103 213.666 131.771 269.405
202106 0.000 134.084 0.000
202109 219.309 135.847 268.222
202112 0.000 138.161 0.000
202203 227.982 138.822 272.855
202206 0.000 142.347 0.000
202209 242.756 144.661 278.809
202212 0.000 145.763 0.000
202303 262.918 146.865 297.435
202306 0.000 150.280 0.000
202309 280.007 151.492 307.091
202312 0.000 152.924 0.000
202403 287.542 153.035 312.177
202406 0.000 155.789 0.000
202409 305.675 157.882 321.673
202412 0.000 158.323 0.000
202503 319.758 157.552 337.199
202506 0.000 159.755 0.000
202509 332.977 162.289 340.889
202512 0.000 163.281 0.000
202603 349.679 164.272 353.666
202606 0.000 166.145 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 Karnataka Bank (NSE:KTKBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Karnataka Bank stock appears to be overvalued. The current stock price of ₹310.00 is trading 53% above its estimated GF Value™ of ₹202.58. GuruFocus considers Karnataka Bank to be Significantly Overvalued.

Key valuation signals for NSE:KTKBANK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹202.58 vs. price of ₹310.00 (53% above fair value)
  • GF Score™: 52/100 with 7 warning signs

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


Karnataka Bank Business Description

Other Exchanges 532652:India
Address Mahaveera Circle, Post Box No. 599, Kankanady, Mangaluru, KA, IND, 575 002
Karnataka Bank Ltd is an Indian banking company. Its operating segment includes Treasury operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It generates maximum revenue from the Retail Banking segment. Geographically, it operates only in India. The company's products and services include savings accounts, certificates of deposits, cash management accounts, money market accounts, loans and advances, and others.
52GF Score

Get the complete analysis for NSE:KTKBANK

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

₹310.00
Price
₹202.58
GF Value