Responsive Industries (NSE:RESPONIND) Cyclically Adjusted PB Ratio: 3.48 (As of Aug. 13, 2026) — 12% Below Median

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NSE:RESPONIND Responsive Industries Ltd NSE:RESPONIND
78 GF Score
Price ₹168.71
GF Value ₹295.32
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Responsive Industries Cyclically Adjusted PB Ratio?

Responsive Industries NSE:RESPONIND +0.91% 78 Cyclically Adjusted PB Ratio is 3.48 as of Aug. 13, 2026, which is 12% below its 10-year median of 3.95. GuruFocus rates NSE:RESPONIND with a GF Score™ of 78/100 and a GF Value™ of ₹295.32 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,218 Chemicals companies, Responsive Industries ranks worse than 75.86% on this metric.

As of today (2026-08-13), Responsive Industries's current share price is ₹168.71. Responsive Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹48.44. Responsive Industries's Cyclically Adjusted PB Ratio for today is 3.48.

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

NSE:RESPONIND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 3.95   Max: 7.73
Current: 3.51

During the past years, Responsive Industries's highest Cyclically Adjusted PB Ratio was 7.73. The lowest was 2.34. And the median was 3.95.

NSE:RESPONIND's Cyclically Adjusted PB Ratio is ranked worse than
75.86% of 1218 companies
in the Chemicals industry
Industry Median: 1.65 vs NSE:RESPONIND: 3.51

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.

Responsive Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₹58.472. 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 ₹48.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Responsive Industries  (NSE:RESPONIND) 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.


Responsive Industries Cyclically Adjusted PB Ratio Related Terms


Responsive Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Responsive 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.

Responsive Industries Cyclically Adjusted PB Ratio Chart

Responsive 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 4.37 2.77 6.24 4.11 2.62

Responsive Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.11 0.00 3.87 0.00 2.62

NSE:RESPONIND vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Responsive 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.


Responsive Industries Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Responsive Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:RESPONIND
78GF Score
Responsive Industries Ltd NSE:RESPONIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Responsive 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.

Responsive Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=168.71/48.44
=3.48

* 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.

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

For example, Responsive Industries's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=58.472/164.2724*164.2724
=58.472

Current CPI (Mar. 2026) = 164.2724.

Responsive Industries Quarterly Data

Book Value per Share CPI Adj_Book
201509 32.520 101.753 52.501
201512 0.000 102.901 0.000
201603 33.026 102.518 52.920
201606 0.000 105.961 0.000
201609 33.530 105.961 51.982
201612 0.000 105.196 0.000
201703 33.315 105.196 52.024
201803 33.610 109.786 50.290
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 34.549 118.202 48.015
201906 0.000 120.880 0.000
201909 35.780 123.175 47.718
201912 0.000 126.235 0.000
202003 35.349 124.705 46.565
202006 0.000 127.000 0.000
202009 36.240 130.118 45.753
202012 0.000 130.889 0.000
202103 36.244 131.771 45.184
202106 0.000 134.084 0.000
202109 36.662 135.847 44.333
202112 0.000 138.161 0.000
202203 36.285 138.822 42.937
202206 0.000 142.347 0.000
202209 36.011 144.661 40.893
202212 0.000 145.763 0.000
202303 36.429 146.865 40.747
202306 0.000 150.280 0.000
202309 40.239 151.492 43.634
202312 0.000 152.924 0.000
202403 42.649 153.035 45.781
202406 0.000 155.789 0.000
202409 46.311 157.882 48.185
202412 0.000 158.323 0.000
202503 50.463 157.552 52.616
202506 0.000 159.755 0.000
202509 55.194 162.289 55.868
202512 0.000 163.281 0.000
202603 58.472 164.272 58.472

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.

What does a Cyclically Adjusted PB Ratio of 3.48 mean?
Responsive Industries (NSE:RESPONIND) has a Cyclically Adjusted PB Ratio of 3.48 as of Aug. 13, 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 Responsive Industries and its competitors. This is 12% below median its historical median of 3.95. Over the past decade, Responsive Industries' Cyclically Adjusted PB Ratio has ranged from 2.34 to 7.73. According to the industry distribution chart, Responsive Industries ranks #924 out of 1218 companies in the Chemicals industry, placing it in the top 75.9%.
Is Responsive Industries' Cyclically Adjusted PB Ratio too high?
Responsive Industries' current Cyclically Adjusted PB Ratio of 3.48 is 12% below median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 7.73. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. Responsive Industries' value of 3.48 is 110.9% above this industry median. Based on the distribution chart, Responsive Industries ranks #924 out of 1218 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Responsive Industries has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Responsive Industries' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Responsive Industries ranks #924 out of 1218 companies for Cyclically Adjusted PB Ratio. This places Responsive Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. Responsive Industries' value of 3.48 is 110.9% above this benchmark. Historically, Responsive Industries' own Cyclically Adjusted PB Ratio has ranged from 2.34 to 7.73 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 1.65, Responsive Industries 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 1.65, based on 1,218 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. Responsive Industries's current Cyclically Adjusted PB Ratio of 3.48 is 110.9% 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 Responsive Industries and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Responsive Industries's current Cyclically Adjusted PB Ratio is 3.48, which is 12% below median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Responsive Industries stock overvalued right now?
Based on GuruFocus' analysis, Responsive Industries (NSE:RESPONIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹295.32, compared to a current price of ₹168.71 — trading 42.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.48, which is 12% below median its 10-year median of 3.95 and 110.9% above the Chemicals industry median of 1.65. Responsive Industries' overall GF Score™ is 78/100 with 4 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 Responsive Industries (NSE:RESPONIND), the current Cyclically Adjusted PB Ratio is 3.48 as of Aug. 13, 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 Responsive Industries (NSE:RESPONIND) Overvalued in 2026?

Based on GuruFocus' analysis, Responsive Industries stock appears to be undervalued. The current stock price of ₹168.71 is trading 42.9% below its estimated GF Value™ of ₹295.32. GuruFocus considers Responsive Industries to be Significantly Undervalued.

Key valuation signals for NSE:RESPONIND:

  • Cyclically Adjusted PB Ratio: 3.48 (12% below median its 10-year median of 3.95)
  • GF Value™: ₹295.32 vs. price of ₹168.71 (42.9% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 110.9% above the Chemicals median (#924 of 1218)

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


Responsive Industries Business Description

Other Exchanges 505509:India
Address Mahagaon Road, Village Betegaon, Taluka Palghar, Boisar (East), Thane, MH, IND, 401501
Responsive Industries Ltd is a manufacturer and supplier of polyvinyl chloride (PVC)-based products. The Company produces and supplies products, including vinyl flooring, synthetic leather/ ropes, and luxury vinyl tile (LVT-SPC, waterproofing membranes (PVC covers). Geographically, it derives a majority of revenue from India. It serves hospitality, transportation, healthcare, IT and telecom, retail, sports infrastructure, education, and real estate.
78GF Score

Get the complete analysis for NSE:RESPONIND

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

₹168.71
Price
₹295.32
GF Value