Thendesh (NSE:SANDESH) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:SANDESH The Sandesh Ltd NSE:SANDESH
69 GF Score
Price ₹1,059.40
GF Value ₹3,175.30
Valuation Possible Value Trap
! 3 Warning Signs
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What is Thendesh Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thendesh  (NSE:SANDESH) 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.


Thendesh Cyclically Adjusted PB Ratio Related Terms


Thendesh Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thendesh'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.

Thendesh Cyclically Adjusted PB Ratio Chart

Thendesh 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 0.63 0.86 0.95 0.80 0.54

Thendesh 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 0.81 0.00 0.54 0.00

NSE:SANDESH vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Thendesh'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.


Thendesh Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thendesh's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SANDESH
69GF Score
The Sandesh Ltd NSE:SANDESH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thendesh 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.

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

For example, Thendesh'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.

Thendesh Quarterly Data

Book Value per Share CPI Adj_Book
201603 753.546 102.518 1,230.136
201606 0.000 105.961 0.000
201609 745.176 105.961 1,176.947
201612 0.000 105.196 0.000
201703 781.306 105.196 1,242.987
201706 0.000 107.109 0.000
201803 885.144 109.786 1,349.305
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 964.988 118.202 1,366.285
201906 0.000 120.880 0.000
201909 1,006.757 123.175 1,367.876
201912 0.000 126.235 0.000
202003 1,039.747 124.705 1,395.366
202006 0.000 127.000 0.000
202009 1,098.730 130.118 1,413.184
202012 0.000 130.889 0.000
202103 1,173.868 131.771 1,490.890
202106 0.000 134.084 0.000
202109 1,224.455 135.847 1,508.473
202112 0.000 138.161 0.000
202203 1,256.108 138.822 1,514.307
202206 0.000 142.347 0.000
202209 1,331.786 144.661 1,540.733
202212 0.000 145.763 0.000
202303 1,393.866 146.865 1,588.359
202306 0.000 150.280 0.000
202309 1,471.788 151.492 1,625.924
202312 0.000 152.924 0.000
202403 1,667.118 153.035 1,823.147
202406 0.000 155.789 0.000
202409 1,784.275 157.882 1,891.356
202412 0.000 158.323 0.000
202503 1,787.685 157.552 1,898.946
202506 0.000 159.755 0.000
202509 1,866.966 162.289 1,925.269
202512 0.000 163.281 0.000
202603 1,885.922 164.272 1,921.338
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 Thendesh (NSE:SANDESH) Overvalued in 2026?

Based on GuruFocus' analysis, Thendesh stock appears to be undervalued. The current stock price of ₹1,059.40 is trading 66.6% below its estimated GF Value™ of ₹3,175.30. GuruFocus considers Thendesh to be Possible Value Trap.

Key valuation signals for NSE:SANDESH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3,175.30 vs. price of ₹1,059.40 (66.6% below fair value)
  • GF Score™: 69/100 with 3 warning signs

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


Thendesh Business Description

Other Exchanges 526725:India
Address Lad Society Road, Sandesh Bhavan, P.O. Bodakdev, Behind Vastrapur Gam, Ahmedabad, GJ, IND, 380054
The Sandesh Ltd belongs to the regional print media Industry and is the publisher of SANDESH, a Gujarati daily newspaper in the Gujarat Region of India. The company is involved in the business of editing, printing, and publishing newspapers and periodicals, and also runs a Gujarati news channel called Sandesh News, and an out-of-home business under the name of OOH. It operates in two business segments, namely Media, which generates the maximum revenue, and Finance.
69GF Score

Get the complete analysis for NSE:SANDESH

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

₹1,059.40
Price
₹3,175.30
GF Value