Radico Khaitan (NSE:RADICO) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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:RADICO Radico Khaitan Ltd NSE:RADICO
91 GF Score
Price ₹4,693.40
GF Value ₹3,187.12
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Radico Khaitan Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Radico Khaitan  (NSE:RADICO) 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.


Radico Khaitan Cyclically Adjusted PB Ratio Related Terms


Radico Khaitan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Radico Khaitan'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.

Radico Khaitan Cyclically Adjusted PB Ratio Chart

Radico Khaitan 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 8.14 9.87 12.90 16.43 15.77

Radico Khaitan 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 18.26 0.00 15.77 0.00

NSE:RADICO vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Radico Khaitan'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.


Radico Khaitan Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Radico Khaitan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:RADICO
91GF Score
Radico Khaitan Ltd NSE:RADICO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Radico Khaitan 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.

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

For example, Radico Khaitan'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.

Radico Khaitan Quarterly Data

Book Value per Share CPI Adj_Book
201509 65.321 101.753 107.436
201512 0.000 102.901 0.000
201603 73.460 102.518 119.921
201606 0.000 105.961 0.000
201609 75.395 105.961 119.081
201612 0.000 105.196 0.000
201703 78.482 105.196 124.858
201803 86.781 109.786 132.288
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 100.124 118.202 141.761
201906 0.000 120.880 0.000
201909 108.994 123.175 148.090
201912 0.000 126.235 0.000
202003 115.546 124.705 155.066
202006 0.000 127.000 0.000
202009 122.432 130.118 157.472
202012 0.000 130.889 0.000
202103 134.232 131.771 170.484
202106 0.000 134.084 0.000
202109 141.787 135.847 174.675
202112 0.000 138.161 0.000
202203 151.627 138.822 182.795
202206 0.000 142.347 0.000
202209 157.452 144.661 182.155
202212 0.000 145.763 0.000
202303 165.170 146.865 188.217
202306 0.000 150.280 0.000
202309 172.448 151.492 190.508
202312 0.000 152.924 0.000
202403 182.449 153.035 199.525
202406 0.000 155.789 0.000
202409 191.694 157.882 203.198
202412 0.000 158.323 0.000
202503 205.796 157.552 218.604
202506 0.000 159.755 0.000
202509 222.421 162.289 229.367
202512 0.000 163.281 0.000
202603 247.631 164.272 252.281
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 Radico Khaitan (NSE:RADICO) Overvalued in 2026?

Based on GuruFocus' analysis, Radico Khaitan stock appears to be overvalued. The current stock price of ₹4,693.40 is trading 47.3% above its estimated GF Value™ of ₹3,187.12. GuruFocus considers Radico Khaitan to be Significantly Overvalued.

Key valuation signals for NSE:RADICO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3,187.12 vs. price of ₹4,693.40 (47.3% above fair value)
  • GF Score™: 91/100 with 5 warning signs

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


Radico Khaitan Business Description

Other Exchanges 532497:India
Address Mathura Road, Plot No. J-1, Block B-1, Mohan Co-operative Industrial Area, New Delhi, IND, 110044
Radico Khaitan Ltd is an India-based liquor manufacturing company. Its products include whiskey, vodka, rum, brandy, and gin. The company's brand portfolio includes After Dark Whisky, Contessa Rum, Magic Moments Vodka, Morpheus Brandy, Old Admiral Brandy, and 8 PM Whisky among others. It has three distilleries in Rampur, Uttar Pradesh, and one in Aurangabad, Maharashtra. It produces extra neutral alcohol from molasses, as well as grain. It produces malt spirit and aged grain spirit, as well as matured malt spirit. The company operates in a single segment which is manufacturing and trading in Liquor & Alcohol. Geographically, it derives maximum revenue from India and the rest from overseas markets.
91GF Score

Get the complete analysis for NSE:RADICO

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

₹4,693.40
Price
₹3,187.12
GF Value