LKP Securities (NSE:LKPSEC) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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:LKPSEC LKP Securities Ltd NSE:LKPSEC
53 GF Score
Price ₹17.20
GF Value ₹17.71
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is LKP Securities Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


LKP Securities  (NSE:LKPSEC) 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.


LKP Securities Cyclically Adjusted PB Ratio Related Terms


LKP Securities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LKP Securities'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.

LKP Securities Cyclically Adjusted PB Ratio Chart

LKP Securities 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 0.00 0.00 0.00 0.00 0.00

LKP Securities 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 0.00 0.00 0.00 0.00

NSE:LKPSEC vs : Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, LKP Securities'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.


LKP Securities Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LKP Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:LKPSEC
53GF Score
LKP Securities Ltd NSE:LKPSEC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LKP Securities 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.

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

For example, LKP Securities'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

LKP Securities Quarterly Data

Book Value per Share CPI Adj_Book
201303 8.988 232.773 12.895
201403 11.705 236.293 16.543
201503 11.764 236.119 16.638
201603 -1.037 238.132 -1.454
201612 0.000 241.432 0.000
201703 3.770 243.801 5.164
201803 4.910 249.554 6.571
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 5.037 254.202 6.617
201906 0.000 256.143 0.000
201909 5.152 256.759 6.701
201912 0.000 256.974 0.000
202003 5.928 258.115 7.670
202006 0.000 257.797 0.000
202009 6.199 260.280 7.954
202012 0.000 260.474 0.000
202103 6.039 264.877 7.614
202106 0.000 271.696 0.000
202109 6.847 274.310 8.336
202112 0.000 278.802 0.000
202203 7.742 287.504 8.993
202206 0.000 296.311 0.000
202209 8.375 296.808 9.423
202212 0.000 296.797 0.000
202303 8.525 301.836 9.432
202306 0.000 305.109 0.000
202309 9.260 307.789 10.047
202312 0.000 306.746 0.000
202403 9.645 312.332 10.313
202406 0.000 314.175 0.000
202409 10.770 315.301 11.407
202412 0.000 315.605 0.000
202503 11.009 319.799 11.496
202506 0.000 322.561 0.000
202509 11.769 324.800 12.101
202512 0.000 324.054 0.000
202603 12.143 330.213 12.280
202606 0.000 333.952 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 LKP Securities (NSE:LKPSEC) Overvalued in 2026?

Based on GuruFocus' analysis, LKP Securities stock appears to be undervalued. The current stock price of ₹17.20 is trading 2.9% below its estimated GF Value™ of ₹17.71. GuruFocus considers LKP Securities to be Fairly Valued.

Key valuation signals for NSE:LKPSEC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹17.71 vs. price of ₹17.20 (2.9% below fair value)
  • GF Score™: 53/100 with 7 warning signs

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


LKP Securities Business Description

Comparable Companies
Other Exchanges 540192:India
Address Andheri Kurla Road, Nr. Hotel Courtyard Marriott, 2nd floor, Gala Impecca, Chakala, Andheri East, Mumbai, MH, IND, 400059
LKP Securities Ltd is a financial solutions provider. The company is engaged as a stock and securities broker and provides financial services. The entire business activity falls under one segment which is mainly engaged in equity, currency and commodity broking and its related activities. The company provides clients with a range of services, including Equity, Debt Instruments, distribution of mutual funds, and Third party distribution, to its clients; and earns brokerage, fees, commission, and interest income, and others. Geographically It operates only in India.
53GF Score

Get the complete analysis for NSE:LKPSEC

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

₹17.20
Price
₹17.71
GF Value