Pearl Global Industries (NSE:PGIL) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
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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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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:PGIL Pearl Global Industries Ltd NSE:PGIL
73 GF Score
Price ₹2,372.20
GF Value ₹1,513.19
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Pearl Global Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pearl Global Industries  (NSE:PGIL) 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.


Pearl Global Industries Cyclically Adjusted PB Ratio Related Terms


Pearl Global Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pearl Global 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.

Pearl Global Industries Cyclically Adjusted PB Ratio Chart

Pearl Global Industries 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 1.40 1.45 3.91 8.51 7.60

Pearl Global Industries 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 7.59 0.00 7.60 0.00

NSE:PGIL vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Pearl Global 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.


Pearl Global Industries Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pearl Global Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pearl Global Industries's Cyclically Adjusted PB Ratio falls into.


NSE:PGIL
73GF Score
Pearl Global Industries Ltd NSE:PGIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pearl Global 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.

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

For example, Pearl Global Industries'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.

Pearl Global Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 83.400 105.961 131.724
201612 0.000 105.196 0.000
201703 87.815 105.196 139.706
201706 0.000 107.109 0.000
201709 88.089 109.021 135.224
201712 0.000 109.404 0.000
201803 91.196 109.786 139.018
201806 0.000 111.317 0.000
201809 99.016 115.142 143.919
201812 0.000 115.142 0.000
201903 108.444 118.202 153.541
201906 0.000 120.880 0.000
201909 111.354 123.175 151.296
201912 0.000 126.235 0.000
202003 115.531 124.705 155.045
202006 0.000 127.000 0.000
202009 113.999 130.118 146.625
202012 0.000 130.889 0.000
202103 119.372 131.771 151.610
202106 0.000 134.084 0.000
202109 126.384 135.847 155.699
202112 0.000 138.161 0.000
202203 138.234 138.822 166.649
202206 0.000 142.347 0.000
202209 144.842 144.661 167.567
202212 0.000 145.763 0.000
202303 166.743 146.865 190.009
202306 0.000 150.280 0.000
202309 169.280 151.492 187.008
202312 0.000 152.924 0.000
202403 184.019 153.035 201.242
202406 0.000 155.789 0.000
202409 231.830 157.882 245.743
202412 0.000 158.323 0.000
202503 251.595 157.552 267.254
202506 0.000 159.755 0.000
202509 280.036 162.289 288.781
202512 0.000 163.281 0.000
202603 316.347 164.272 322.288
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 Pearl Global Industries (NSE:PGIL) Overvalued in 2026?

Based on GuruFocus' analysis, Pearl Global Industries stock appears to be overvalued. The current stock price of ₹2,372.20 is trading 56.8% above its estimated GF Value™ of ₹1,513.19. GuruFocus considers Pearl Global Industries to be Significantly Overvalued.

Key valuation signals for NSE:PGIL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,513.19 vs. price of ₹2,372.20 (56.8% above fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Pearl Global Industries Business Description

Other Exchanges 532808:India
Address Sector - 32, Plot No. 51, Pearl Tower, Gurugram, HR, IND, 122001
Pearl Global Industries Ltd is engaged in the manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The geographical segments of the company include Hong Kong, Bangladesh, India, and Others. The company earns majority of its revenue outside India. The company's product range comprises of knits, woven and bottoms across men, women, and kids wear segments.
73GF Score

Get the complete analysis for NSE:PGIL

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

₹2,372.20
Price
₹1,513.19
GF Value