Oriental Aromatics (NSE:OAL) Cyclically Adjusted PB Ratio: (As of Aug. 07, 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.
Reviewed by: Charlie Tian Charlie Tian
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:OAL Oriental Aromatics Ltd NSE:OAL
76 GF Score
Price ₹380.95
GF Value ₹440.43
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Oriental Aromatics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oriental Aromatics  (NSE:OAL) 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.


Oriental Aromatics Cyclically Adjusted PB Ratio Related Terms


Oriental Aromatics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Oriental Aromatics'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.

Oriental Aromatics Cyclically Adjusted PB Ratio Chart

Oriental Aromatics 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 5.74 2.49 1.95 1.65 1.28

Oriental Aromatics 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 1.84 0.00 1.28 0.00

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

For the Specialty Chemicals subindustry, Oriental Aromatics'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.


Oriental Aromatics Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


NSE:OAL
76GF Score
Oriental Aromatics Ltd NSE:OAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oriental Aromatics 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.

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

For example, Oriental Aromatics'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.

Oriental Aromatics Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 75.811 102.518 122.862
201606 0.000 105.961 0.000
201609 81.704 105.961 128.111
201612 0.000 105.196 0.000
201703 154.128 105.196 243.428
201706 0.000 107.109 0.000
201709 93.987 109.021 143.233
201712 0.000 109.404 0.000
201803 100.308 109.786 151.801
201903 116.457 118.202 163.692
201906 0.000 120.880 0.000
201909 128.457 123.175 173.270
201912 0.000 126.235 0.000
202003 137.915 124.705 183.745
202006 0.000 127.000 0.000
202009 150.631 130.118 192.338
202012 0.000 130.889 0.000
202103 165.593 131.771 208.791
202106 0.000 134.084 0.000
202109 175.922 135.847 215.158
202112 0.000 138.161 0.000
202203 179.836 138.822 215.232
202206 0.000 142.347 0.000
202209 184.158 144.661 211.508
202212 0.000 145.763 0.000
202303 185.696 146.865 210.075
202306 0.000 150.280 0.000
202309 184.118 151.492 201.927
202312 0.000 152.924 0.000
202403 187.897 153.035 203.995
202406 0.000 155.789 0.000
202409 195.024 157.882 205.231
202412 0.000 158.323 0.000
202503 196.993 157.552 207.738
202506 0.000 159.755 0.000
202509 196.696 162.289 201.370
202512 0.000 163.281 0.000
202603 197.459 164.272 199.710
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 Oriental Aromatics (NSE:OAL) Overvalued in 2026?

Based on GuruFocus' analysis, Oriental Aromatics stock appears to be undervalued. The current stock price of ₹380.95 is trading 13.5% below its estimated GF Value™ of ₹440.43. GuruFocus considers Oriental Aromatics to be Modestly Undervalued.

Key valuation signals for NSE:OAL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹440.43 vs. price of ₹380.95 (13.5% below fair value)
  • GF Score™: 76/100 with 8 warning signs

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


Oriental Aromatics Business Description

Other Exchanges 500078:India
Address Mahatma Gandhi Road, 133, Jehangir Building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001
Oriental Aromatics Ltd is Indian based company engaged in the business of manufacturing of fine chemicals along with its principal products and services including Perfumery Chemicals, Camphor, and Isoborneol. The organization also manufactures and sells camphor, terpineols, resins, aromatic and terpene chemicals, fragrance chemicals, and fragrance chemical intermediaries. The firm offers a range of articles which consists of synthetic camphor, terpineols, pine oils, resins, astromusk, perfumery chemicals, and specialty chemicals. The primary segment of the company is the manufacturing of fine chemicals. It operates in two geographical segments: Domestic and Export. The company makes the majority of its revenue within operations in India.
76GF Score

Get the complete analysis for NSE:OAL

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

₹380.95
Price
₹440.43
GF Value