Mahindra Logistics (NSE:MAHLOG) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
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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:MAHLOG Mahindra Logistics Ltd NSE:MAHLOG
88 GF Score
Price ₹406.00
GF Value ₹374.79
Valuation Fairly Valued
! 7 Warning Signs
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What is Mahindra Logistics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mahindra Logistics  (NSE:MAHLOG) 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.


Mahindra Logistics Cyclically Adjusted PB Ratio Related Terms


Mahindra Logistics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mahindra Logistics'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.

Mahindra Logistics Cyclically Adjusted PB Ratio Chart

Mahindra Logistics 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 4.25

Mahindra Logistics 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 4.25 0.00

NSE:MAHLOG vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Mahindra Logistics'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.


Mahindra Logistics Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Mahindra Logistics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:MAHLOG
88GF Score
Mahindra Logistics Ltd NSE:MAHLOG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahindra Logistics 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.

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

For example, Mahindra Logistics'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.

Mahindra Logistics Quarterly Data

Book Value per Share CPI Adj_Book
201503 34.337 97.163 58.715
201603 39.158 102.518 63.461
201703 45.112 105.196 71.249
201706 0.000 107.109 0.000
201709 49.741 109.021 75.804
201712 0.000 109.404 0.000
201803 53.825 109.786 81.456
201806 0.000 111.317 0.000
201809 57.476 115.142 82.936
201812 0.000 115.142 0.000
201903 63.637 118.202 89.448
201906 0.000 120.880 0.000
201909 64.885 123.175 87.521
201912 0.000 126.235 0.000
202003 69.480 124.705 92.569
202006 0.000 127.000 0.000
202009 68.031 130.118 86.868
202012 0.000 130.889 0.000
202103 72.332 131.771 91.201
202106 0.000 134.084 0.000
202109 72.741 135.847 88.965
202112 0.000 138.161 0.000
202203 69.390 138.822 83.048
202206 0.000 142.347 0.000
202209 70.810 144.661 81.326
202212 0.000 145.763 0.000
202303 71.214 146.865 80.563
202306 0.000 150.280 0.000
202309 65.924 151.492 72.301
202312 0.000 152.924 0.000
202403 62.389 153.035 67.734
202406 0.000 155.789 0.000
202409 57.171 157.882 60.163
202412 0.000 158.323 0.000
202503 55.400 157.552 58.422
202506 0.000 159.755 0.000
202509 115.484 162.289 118.228
202512 0.000 163.281 0.000
202603 118.399 164.272 119.749
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 Mahindra Logistics (NSE:MAHLOG) Overvalued in 2026?

Based on GuruFocus' analysis, Mahindra Logistics stock appears to be overvalued. The current stock price of ₹406.00 is trading 8.3% above its estimated GF Value™ of ₹374.79. GuruFocus considers Mahindra Logistics to be Fairly Valued.

Key valuation signals for NSE:MAHLOG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹374.79 vs. price of ₹406.00 (8.3% above fair value)
  • GF Score™: 88/100 with 7 warning signs

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


Mahindra Logistics Business Description

Other Exchanges 540768:India
Address Jogeshwari Vikhroli Link Road, 10th & 11th Floor, Arena Space, Near Majas Bus Depot, Jogeshwari (East), Mumbai, MH, IND, 400060
Mahindra Logistics Ltd is a domestic third-party logistics service provider. It operates in two business segments including Supply Chain Management Business, and Enterprise Mobility Service. The Supply chain management offers customized and end-to-end goods logistics solutions and services including transportation and distribution, warehousing, in-factory logistics, and value-added services. Enterprise Mobility Service provides technology-enabled and customized solutions for the daily pick-up and drop requirements of enterprises. The company derives the majority of its revenue from the Supply chain management segment.
88GF Score

Get the complete analysis for NSE:MAHLOG

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

₹406.00
Price
₹374.79
GF Value