Mangalam Organics (NSE:MANORG) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:MANORG Mangalam Organics Ltd NSE:MANORG
80 GF Score
Price ₹480.50
GF Value ₹560.45
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Mangalam Organics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mangalam Organics  (NSE:MANORG) 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.


Mangalam Organics Cyclically Adjusted PB Ratio Related Terms


Mangalam Organics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mangalam Organics'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.

Mangalam Organics Cyclically Adjusted PB Ratio Chart

Mangalam Organics 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 6.37 1.97 1.37 1.56 1.35

Mangalam Organics 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 2.14 0.00 1.35 0.00

NSE:MANORG vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Mangalam Organics'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.


Mangalam Organics Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mangalam Organics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:MANORG
80GF Score
Mangalam Organics Ltd NSE:MANORG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mangalam Organics 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.

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

For example, Mangalam Organics'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Mangalam Organics Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.034 105.961 77.445
201612 0.000 105.196 0.000
201703 51.793 105.196 82.398
201706 0.000 107.109 0.000
201709 59.404 109.021 91.190
201712 64.487 109.404 98.647
201803 67.615 109.786 103.072
201806 0.000 111.317 0.000
201809 91.606 115.142 133.148
201812 0.000 115.142 0.000
201903 141.692 118.202 200.616
201906 0.000 120.880 0.000
201909 177.075 123.175 240.591
201912 0.000 126.235 0.000
202003 196.052 124.705 263.107
202006 0.000 127.000 0.000
202009 220.924 130.118 284.152
202012 0.000 130.889 0.000
202103 293.875 131.771 373.241
202106 0.000 134.084 0.000
202109 337.433 135.847 415.702
202112 0.000 138.161 0.000
202203 355.057 138.822 428.041
202206 0.000 142.347 0.000
202209 322.022 144.661 372.545
202212 0.000 145.763 0.000
202303 321.990 146.865 366.919
202306 0.000 150.280 0.000
202309 323.174 151.492 357.019
202312 0.000 152.924 0.000
202403 327.775 153.035 358.452
202406 0.000 155.789 0.000
202409 332.066 157.882 351.995
202412 0.000 158.323 0.000
202503 342.376 157.552 363.685
202506 0.000 159.755 0.000
202509 360.389 162.289 371.644
202512 0.000 163.281 0.000
202603 372.016 164.272 379.002
202606 0.000 167.357 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 Mangalam Organics (NSE:MANORG) Overvalued in 2026?

Based on GuruFocus' analysis, Mangalam Organics stock appears to be undervalued. The current stock price of ₹480.50 is trading 14.3% below its estimated GF Value™ of ₹560.45. GuruFocus considers Mangalam Organics to be Modestly Undervalued.

Key valuation signals for NSE:MANORG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹560.45 vs. price of ₹480.50 (14.3% below fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Mangalam Organics Business Description

Other Exchanges 514418:India
Address Free Press Journal Marg, 812/813, Tulsiani Chamber, 212, Nariman Point, Mumbai, MH, IND, 400 021
Mangalam Organics Ltd is an India-based company involved in manufacturing chemicals. It is engaged in manufacturing Camphor, Resin, and Sodium Acetate. It has Terpenes and Synthetic Resins as a primary segment, which falls under a single segment of chemicals. Its production unit is located in Kumbhivali, Maharashtra state, India. The terpene products segment, which generates a vast majority of the revenue, includes Camphor technical, Camphene, Isobornyl acetate, Isoborneol, Dipentene, Camphor oil, Pine tar, Pine oil among others. Its resin products include Penta ester gum, Glycerol ester gum, and Gum rosin among others.
80GF Score

Get the complete analysis for NSE:MANORG

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

₹480.50
Price
₹560.45
GF Value