Nestle India (NSE:NESTLEIND) Cyclically Adjusted PB Ratio: (As of Jul. 22, 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.
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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:NESTLEIND Nestle India Ltd NSE:NESTLEIND
99 GF Score
Price ₹1,451.90
GF Value ₹1,492.47
Valuation Fairly Valued
! 3 Warning Signs
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What is Nestle India 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


Nestle India  (NSE:NESTLEIND) 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.


Nestle India Cyclically Adjusted PB Ratio Related Terms


Nestle India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nestle India'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.

Nestle India Cyclically Adjusted PB Ratio Chart

Nestle India Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.73 53.34 51.38 56.56 56.62

Nestle India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 56.47 0.00 56.62 0.00

NSE:NESTLEIND vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Nestle India'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.


Nestle India Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:NESTLEIND
99GF Score
Nestle India Ltd NSE:NESTLEIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nestle India 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.

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

For example, Nestle India'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.

Nestle India Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.431 105.961 25.764
201609 0.000 105.961 0.000
201612 17.022 105.196 26.884
201703 0.000 105.196 0.000
201706 17.605 107.109 27.309
201709 0.000 109.021 0.000
201712 17.739 109.404 26.939
201803 0.000 109.786 0.000
201806 19.266 111.317 28.755
201809 0.000 115.142 0.000
201812 18.988 115.142 27.399
201903 0.000 118.202 0.000
201906 20.717 120.880 28.475
201909 0.000 123.175 0.000
201912 9.951 126.235 13.097
202003 0.000 124.705 0.000
202006 11.818 127.000 15.461
202009 0.000 130.118 0.000
202012 10.472 130.889 13.293
202103 0.000 131.771 0.000
202106 11.604 134.084 14.379
202109 0.000 135.847 0.000
202112 10.094 138.161 12.139
202203 0.000 138.822 0.000
202206 12.074 142.347 14.093
202209 0.000 144.661 0.000
202212 12.753 145.763 14.536
202303 0.000 146.865 0.000
202306 14.815 150.280 16.379
202309 0.000 151.492 0.000
202312 0.000 152.924 0.000
202406 0.000 155.789 0.000
202409 20.243 157.882 21.302
202412 0.000 158.323 0.000
202503 20.796 157.552 21.930
202506 0.000 159.755 0.000
202509 22.996 162.289 23.542
202512 0.000 163.281 0.000
202603 26.743 164.272 27.048
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 Nestle India (NSE:NESTLEIND) Overvalued in 2026?

Based on GuruFocus' analysis, Nestle India stock appears to be undervalued. The current stock price of ₹1,451.90 is trading 2.7% below its estimated GF Value™ of ₹1,492.47. GuruFocus considers Nestle India to be Fairly Valued.

Key valuation signals for NSE:NESTLEIND:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,492.47 vs. price of ₹1,451.90 (2.7% below fair value)
  • GF Score™: 99/100 with 3 warning signs

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


Nestle India Business Description

Other Exchanges 500790:India
Address Jacaranda Marg, M Block, National Highway 8, Nestle House, Phase II, DLF City, Gurugram, HR, IND, 122 002
Nestle India Ltd is mainly involved in Food business which incorporates product groups viz. Milk Products and Nutrition, Prepared Dishes and Cooking Aids, Powdered and Liquid Beverages and Confectionery. The company's brand portfolio provides Nestle Healthy Breakfast Cereals, Coffee, Chocolates & Confectionery, Nutrition, Dairy, Foods, Vending and Food Services, My Nestle, Nestle Health Science, Import, Tea export, and NESTLE Ad Campaigns. The company has single operating segment. The company has presence in India and Outside India. The company generates majority of revenue from India.
99GF Score

Get the complete analysis for NSE:NESTLEIND

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

₹1,451.90
Price
₹1,492.47
GF Value