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Primo ChemicalsNSE:PRIMO +10.49%48 Cyclically Adjusted PB Ratio is 2.26 as of Jul. 30, 2026, which is 47% below its 10-year median of 4.25. GuruFocus rates NSE:PRIMO with a GF Score™ of 48/100 and a GF Value™ of ₹45.95 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,258 Chemicals companies, Primo Chemicals ranks worse than 57% on this metric.
The historical rank and industry rank for Primo Chemicals's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:PRIMO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.79 Med: 4.25 Max: 12.3
Current: 1.98
During the past years, Primo Chemicals's highest Cyclically Adjusted PB Ratio was 12.30. The lowest was 1.79. And the median was 4.25.
NSE:PRIMO's Cyclically Adjusted PB Ratio is ranked worse than 57% of 1258
companies
in the Chemicals industry
Industry Median: 1.64
vs NSE:PRIMO: 1.98
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.
Primo Chemicals's adjusted book value per share data for the three months ended in Mar. 2026 was ₹16.760. 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 ₹11.08 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Primo Chemicals (NSE:PRIMO) 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.
Primo Chemicals Cyclically Adjusted PB Ratio Related Terms
Primo Chemicals Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Primo Chemicals'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.
Primo Chemicals Cyclically Adjusted PB Ratio Chart
NSE:PRIMO vs DOW: Cyclically Adjusted PB Ratio Comparison
For the Chemicals subindustry, Primo Chemicals'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.
Primo Chemicals Cyclically Adjusted PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Primo Chemicals's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Primo Chemicals's Cyclically Adjusted PB Ratio falls into.
Primo Chemicals 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.
Primo Chemicals's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 2.26 mean?
Primo Chemicals (NSE:PRIMO) has a Cyclically Adjusted PB Ratio of 2.26 as of Jul. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Primo Chemicals and its competitors. This is 47% below median its historical median of 4.25. Over the past decade, Primo Chemicals' Cyclically Adjusted PB Ratio has ranged from 1.79 to 12.30. According to the industry distribution chart, Primo Chemicals ranks #717 out of 1258 companies in the Chemicals industry, placing it in the top 57%.
Is Primo Chemicals' Cyclically Adjusted PB Ratio too high?
Primo Chemicals' current Cyclically Adjusted PB Ratio of 2.26 is 47% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 12.30. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.64. Primo Chemicals' value of 2.26 is 37.8% above this industry median. Based on the distribution chart, Primo Chemicals ranks #717 out of 1258 companies in the Chemicals industry, which is below the industry midpoint. Overall, Primo Chemicals has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Primo Chemicals' Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Primo Chemicals ranks #717 out of 1258 companies for Cyclically Adjusted PB Ratio. This places Primo Chemicals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Primo Chemicals' value of 2.26 is 37.8% above this benchmark. Historically, Primo Chemicals' own Cyclically Adjusted PB Ratio has ranged from 1.79 to 12.30 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 1.64, Primo Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.64, based on 1,258 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primo Chemicals's current Cyclically Adjusted PB Ratio of 2.26 is 37.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Primo Chemicals and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primo Chemicals's current Cyclically Adjusted PB Ratio is 2.26, which is 47% below median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primo Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Primo Chemicals (NSE:PRIMO) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹45.95, compared to a current price of ₹25.07 — trading 45.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 47% below median its 10-year median of 4.25 and 37.8% above the Chemicals industry median of 1.64. Primo Chemicals' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Primo Chemicals (NSE:PRIMO), the current Cyclically Adjusted PB Ratio is 2.26 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Primo Chemicals (NSE:PRIMO) Overvalued in 2026?
Based on GuruFocus' analysis, Primo Chemicals stock appears to be undervalued.
The current stock price of ₹25.07 is trading 45.4% below its estimated GF Value™ of ₹45.95.
GuruFocus considers Primo Chemicals to be Significantly Undervalued.
Key valuation signals for NSE:PRIMO:
Cyclically Adjusted PB Ratio: 2.26 (47% below median its 10-year median of 4.25)
GF Value™: ₹45.95 vs. price of ₹25.07 (45.4% below fair value)
Industry Position: 37.8% above the Chemicals median (#717 of 1258)
No single metric tells the full story. See the NSE:PRIMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primo Chemicals Ltd is engaged in the manufacturing of chemicals. Its product portfolio includes Caustic Soda Lye and its by-products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen gas. The company generates revenue from the sale of goods and trading sales.
48GF Score
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