Naga Dhunseri Group (NSE:NDGL) Cyclically Adjusted PB Ratio: 0.41 (As of Aug. 03, 2026) — 28% Below Median

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NSE:NDGL Naga Dhunseri Group Ltd NSE:NDGL
53 GF Score
Price ₹2,849.00
! 4 Warning Signs
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What is Naga Dhunseri Group Cyclically Adjusted PB Ratio?

Naga Dhunseri Group NSE:NDGL +2.35% 53 Cyclically Adjusted PB Ratio is 0.41 as of Aug. 03, 2026, which is 28% below its 10-year median of 0.57. GuruFocus rates NSE:NDGL with a GF Score™ of 53/100. The stock has 4 warning signs investors should review. Among 616 Capital Markets companies, Naga Dhunseri Group ranks better than 82.79% on this metric.

As of today (2026-08-03), Naga Dhunseri Group's current share price is ₹2849.00. Naga Dhunseri Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹6,959.15. Naga Dhunseri Group's Cyclically Adjusted PB Ratio for today is 0.41.

The historical rank and industry rank for Naga Dhunseri Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:NDGL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.57   Max: 1.16
Current: 0.4

During the past years, Naga Dhunseri Group's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.34. And the median was 0.57.

NSE:NDGL's Cyclically Adjusted PB Ratio is ranked better than
82.79% of 616 companies
in the Capital Markets industry
Industry Median: 1.3 vs NSE:NDGL: 0.40

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.

Naga Dhunseri Group's adjusted book value per share data for the three months ended in Mar. 2026 was ₹12,935.970. 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 ₹6,959.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Naga Dhunseri Group  (NSE:NDGL) 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.


Naga Dhunseri Group Cyclically Adjusted PB Ratio Related Terms


Naga Dhunseri Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Naga Dhunseri Group'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.

Naga Dhunseri Group Cyclically Adjusted PB Ratio Chart

Naga Dhunseri Group 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 0.37 0.49 0.75 0.31

Naga Dhunseri Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.75 0.00 0.61 0.00 0.31

NSE:NDGL vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Naga Dhunseri Group'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.


Naga Dhunseri Group Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

* The bar in red indicates where Naga Dhunseri Group's Cyclically Adjusted PB Ratio falls into.


NSE:NDGL
53GF Score
Naga Dhunseri Group Ltd NSE:NDGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Naga Dhunseri Group 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.

Naga Dhunseri Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2849.00/6959.15
=0.41

* 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.

Naga Dhunseri Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Naga Dhunseri Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=12935.97/164.2724*164.2724
=12,935.970

Current CPI (Mar. 2026) = 164.2724.

Naga Dhunseri Group Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 96.780 0.000
201503 644.398 97.163 1,089.478
201506 0.000 99.841 0.000
201509 679.508 101.753 1,097.010
201512 0.000 102.901 0.000
201603 880.572 102.518 1,411.003
201703 2,319.628 105.196 3,622.294
201803 4,114.063 109.786 6,155.835
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 4,095.662 118.202 5,691.982
201906 0.000 120.880 0.000
201909 3,769.794 123.175 5,027.588
201912 0.000 126.235 0.000
202003 3,652.771 124.705 4,811.748
202006 0.000 127.000 0.000
202009 4,230.971 130.118 5,341.554
202012 0.000 130.889 0.000
202103 4,912.261 131.771 6,123.897
202106 0.000 134.084 0.000
202109 6,268.171 135.847 7,579.759
202112 0.000 138.161 0.000
202203 6,406.956 138.822 7,581.562
202206 0.000 142.347 0.000
202209 6,933.489 144.661 7,873.443
202212 0.000 145.763 0.000
202303 7,125.103 146.865 7,969.638
202306 0.000 150.280 0.000
202309 7,987.097 151.492 8,660.917
202312 0.000 152.924 0.000
202403 8,660.684 153.035 9,296.671
202406 0.000 155.789 0.000
202409 9,933.477 157.882 10,335.529
202412 0.000 158.323 0.000
202503 12,807.436 157.552 13,353.764
202506 0.000 159.755 0.000
202509 13,063.712 162.289 13,223.353
202512 0.000 163.281 0.000
202603 12,935.970 164.272 12,935.970

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.

What does a Cyclically Adjusted PB Ratio of 0.41 mean?
Naga Dhunseri Group (NSE:NDGL) has a Cyclically Adjusted PB Ratio of 0.41 as of Aug. 03, 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 Naga Dhunseri Group and its competitors. This is 28% below median its historical median of 0.57. Over the past decade, Naga Dhunseri Group's Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.16. According to the industry distribution chart, Naga Dhunseri Group ranks #106 out of 616 companies in the Capital Markets industry, placing it in the top 17.2%.
Is Naga Dhunseri Group's Cyclically Adjusted PB Ratio too high?
Naga Dhunseri Group's current Cyclically Adjusted PB Ratio of 0.41 is 28% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.16. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.30. Naga Dhunseri Group's value of 0.41 is 68.5% below this industry median. Based on the distribution chart, Naga Dhunseri Group ranks #106 out of 616 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Naga Dhunseri Group has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Naga Dhunseri Group's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Naga Dhunseri Group ranks #106 out of 616 companies for Cyclically Adjusted PB Ratio. This places Naga Dhunseri Group in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.30. Naga Dhunseri Group's value of 0.41 is 68.5% below this benchmark. Historically, Naga Dhunseri Group's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.16 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.30, Naga Dhunseri Group has consistently been below 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.30, based on 616 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. Naga Dhunseri Group's current Cyclically Adjusted PB Ratio of 0.41 is 68.5% below 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 Naga Dhunseri Group and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naga Dhunseri Group's current Cyclically Adjusted PB Ratio is 0.41, which is 28% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naga Dhunseri Group stock overvalued right now?
Naga Dhunseri Group (NSE:NDGL) has a current Cyclically Adjusted PB Ratio of 0.41. The current Cyclically Adjusted PB Ratio is 0.41, which is 28% below median its 10-year median of 0.57 and 68.5% below the Capital Markets industry median of 1.30. Naga Dhunseri Group's overall GF Score™ is 53/100 with 4 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 Naga Dhunseri Group (NSE:NDGL), the current Cyclically Adjusted PB Ratio is 0.41 as of Aug. 03, 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.

Naga Dhunseri Group Business Description

Address 4A, Woodburn Park, Dhunseri House, Kolkata, WB, IND, 700 020
Naga Dhunseri Group Ltd is an Indian non-banking finance company. It is engaged in investing in shares and securities. The company invests in shares, debentures, bonds, and securities issued or guaranteed by any government, public body, authority, municipal, or local in India. It generates its revenue from Dividend Income.
53GF Score

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

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