GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polycab India Ltd (NSE:POLYCAB) » Definitions » Cyclically Adjusted PB Ratio

Polycab India (NSE:POLYCAB) Cyclically Adjusted PB Ratio : 17.60 (As of Jun. 27, 2025)


View and export this data going back to 2019. Start your Free Trial

What is Polycab India Cyclically Adjusted PB Ratio?

As of today (2025-06-27), Polycab India's current share price is ₹6486.00. Polycab India's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 was ₹368.42. Polycab India's Cyclically Adjusted PB Ratio for today is 17.60.

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

NSE:POLYCAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.67   Med: 15.81   Max: 16.58
Current: 16.29

During the past 10 years, Polycab India's highest Cyclically Adjusted PB Ratio was 16.58. The lowest was 13.67. And the median was 15.81.

NSE:POLYCAB's Cyclically Adjusted PB Ratio is ranked worse than
97.31% of 2230 companies
in the Industrial Products industry
Industry Median: 2.05 vs NSE:POLYCAB: 16.29

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.

Polycab India's adjusted book value per share data of for the fiscal year that ended in Mar25 was ₹653.147. 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 ₹368.42 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polycab India Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Polycab 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.

* Premium members only.

Polycab India Cyclically Adjusted PB Ratio Chart

Polycab India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 13.97

Polycab India Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - - 13.97

Competitive Comparison of Polycab India's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Polycab 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.


Polycab India's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polycab India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Polycab 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.

Polycab India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6486.00/368.42
=17.60

* 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.

Polycab India's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 is calculated as:

For example, Polycab India's adjusted Book Value per Share data for the fiscal year that ended in Mar25 was:

Adj_Book=Book Value per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=653.147/157.5517*157.5517
=653.147

Current CPI (Mar25) = 157.5517.

Polycab India Annual Data

Book Value per Share CPI Adj_Book
201603 119.935 102.518 184.318
201703 134.128 105.196 200.883
201803 157.934 109.786 226.647
201903 191.526 118.202 255.285
202003 257.687 124.705 325.560
202103 318.802 131.771 381.176
202203 370.960 138.822 421.010
202303 443.175 146.865 475.424
202403 544.952 153.035 561.038
202503 653.147 157.552 653.147

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.


Polycab India  (NSE:POLYCAB) 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.


Polycab India Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Polycab India's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Polycab India Business Description

Traded in Other Exchanges
Address
No. 29, Senapati Bapat Marg, Tulsi Pipe Road, The Ruby, 21st Floor, Dadar (West), Mumbai, MH, IND, 400028
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and Others segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.

Polycab India Headlines

No Headlines