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Manorama IndustriesNSE:MANORAMA +0.76%99 Cyclically Adjusted PB Ratio is 35.41 as of Aug. 09, 2026, which is 24% above its 10-year median of 28.64. GuruFocus rates NSE:MANORAMA with a GF Score™ of 99/100 and a GF Value™ of ₹1,976.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,407 Consumer Packaged Goods companies, Manorama Industries ranks worse than 99.36% on this metric.
The historical rank and industry rank for Manorama Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:MANORAMA'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.41 Med: 28.64 Max: 43
Current: 35.19
During the past 13 years, Manorama Industries's highest Cyclically Adjusted PB Ratio was 43.00. The lowest was 10.41. And the median was 28.64.
NSE:MANORAMA's Cyclically Adjusted PB Ratio is ranked worse than 99.36% of 1407
companies
in the Consumer Packaged Goods industry
Industry Median: 1.26
vs NSE:MANORAMA: 35.19
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Manorama Industries's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹112.571. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹46.21 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Manorama Industries (NSE:MANORAMA) 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.
Manorama Industries Cyclically Adjusted PB Ratio Related Terms
Manorama Industries Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Manorama Industries'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.
Manorama Industries Cyclically Adjusted PB Ratio Chart
NSE:MANORAMA vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison
For the Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Manorama Industries's Cyclically Adjusted PB Ratio falls into.
Manorama Industries 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.
Manorama Industries's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 35.41 mean?
Manorama Industries (NSE:MANORAMA) has a Cyclically Adjusted PB Ratio of 35.41 as of Aug. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Manorama Industries and its competitors. This is 24% above median its historical median of 28.64. Over the past decade, Manorama Industries' Cyclically Adjusted PB Ratio has ranged from 10.41 to 43.00. According to the industry distribution chart, Manorama Industries ranks #1398 out of 1407 companies in the Consumer Packaged Goods industry, placing it in the top 99.4%.
Is Manorama Industries' Cyclically Adjusted PB Ratio too high?
Manorama Industries' current Cyclically Adjusted PB Ratio of 35.41 is 24% above median its 10-year median of 28.64. Over the past 10 years, this metric has ranged from a low of 10.41 to a high of 43.00. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Manorama Industries' value of 35.41 is 2710.3% above this industry median. Based on the distribution chart, Manorama Industries ranks #1398 out of 1407 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Manorama Industries has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #1398 out of 1407 companies for Cyclically Adjusted PB Ratio. This places Manorama Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Manorama Industries' value of 35.41 is 2710.3% above this benchmark. Historically, Manorama Industries' own Cyclically Adjusted PB Ratio has ranged from 10.41 to 43.00 over the past decade. While the company's 10-year median is 28.64 vs. the industry median of 1.26, Manorama Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,407 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manorama Industries's current Cyclically Adjusted PB Ratio of 35.41 is 2710.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Manorama Industries and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manorama Industries's current Cyclically Adjusted PB Ratio is 35.41, which is 24% above median its own 10-year median of 28.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,976.33, compared to a current price of ₹1,636.20 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 35.41, which is 24% above median its 10-year median of 28.64 and 2710.3% above the Consumer Packaged Goods industry median of 1.26. Manorama Industries' overall GF Score™ is 99/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Manorama Industries (NSE:MANORAMA), the current Cyclically Adjusted PB Ratio is 35.41 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,636.20 is trading 17.2% below its estimated GF Value™ of ₹1,976.33.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
Cyclically Adjusted PB Ratio: 35.41 (24% above median its 10-year median of 28.64)
GF Value™: ₹1,976.33 vs. price of ₹1,636.20 (17.2% below fair value)
Industry Position: 2710.3% above the Consumer Packaged Goods median (#1398 of 1407)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
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