PPAP Automotive (NSE:PPAP) 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:PPAP PPAP Automotive Ltd NSE:PPAP
69 GF Score
Price ₹265.10
GF Value ₹246.83
Valuation Fairly Valued
! 3 Warning Signs
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What is PPAP Automotive Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PPAP Automotive  (NSE:PPAP) 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.


PPAP Automotive Cyclically Adjusted PB Ratio Related Terms


PPAP Automotive Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PPAP Automotive'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.

PPAP Automotive Cyclically Adjusted PB Ratio Chart

PPAP Automotive 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 0.82 0.65 0.74 0.67 0.71

PPAP Automotive 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 0.86 0.00 0.71 0.00

NSE:PPAP vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, PPAP Automotive'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.


PPAP Automotive Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PPAP Automotive's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:PPAP
69GF Score
PPAP Automotive Ltd NSE:PPAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PPAP Automotive 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.

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

For example, PPAP Automotive'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.

PPAP Automotive Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 151.752 102.518 247.729
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201703 168.992 105.196 268.851
201709 177.963 109.021 273.189
201803 192.639 109.786 293.657
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 211.012 118.202 298.763
201906 0.000 120.880 0.000
201909 215.025 123.175 292.153
201912 0.000 126.235 0.000
202003 216.591 124.705 290.670
202006 0.000 127.000 0.000
202009 208.381 130.118 268.019
202012 0.000 130.889 0.000
202103 218.701 131.771 277.765
202106 0.000 134.084 0.000
202109 215.495 135.847 265.480
202112 0.000 138.161 0.000
202203 217.060 138.822 261.678
202206 0.000 142.347 0.000
202209 215.614 144.661 249.442
202212 0.000 145.763 0.000
202303 192.550 146.865 219.417
202306 0.000 150.280 0.000
202309 209.000 151.492 230.888
202312 0.000 152.924 0.000
202403 202.065 153.035 220.977
202406 0.000 155.789 0.000
202409 201.956 157.882 214.076
202412 0.000 158.323 0.000
202503 204.375 157.552 217.095
202506 0.000 159.755 0.000
202509 201.721 162.289 208.021
202512 0.000 163.281 0.000
202603 241.669 164.272 246.207
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 PPAP Automotive (NSE:PPAP) Overvalued in 2026?

Based on GuruFocus' analysis, PPAP Automotive stock appears to be overvalued. The current stock price of ₹265.10 is trading 7.4% above its estimated GF Value™ of ₹246.83. GuruFocus considers PPAP Automotive to be Fairly Valued.

Key valuation signals for NSE:PPAP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹246.83 vs. price of ₹265.10 (7.4% above fair value)
  • GF Score™: 69/100 with 3 warning signs

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


PPAP Automotive Business Description

Other Exchanges 532934:India
Address Sector-81, B-206A, Phase-II, Noida, UP, IND, 201305
PPAP Automotive Ltd is an Indian company specializing in the manufacturing of automotive sealing systems, interior and exterior automotive parts using plastic and rubber extrusion and plastic injection molding technologies. It serves many automotive OEMs in passenger vehicles, two-wheelers, and commercial vehicle segments. The company operates manufacturing facilities across key automotive hubs in India, including Noida, Surajpur, Chennai, Pathredi, and Viramgam. PPAP also develops high-precision plastic injection toolings and has expanded into lithium-ion battery pack solutions for electric two-wheelers and three-wheelers.
69GF Score

Get the complete analysis for NSE:PPAP

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

₹265.10
Price
₹246.83
GF Value