Shree Ajit Pulp And Paper (NSE:SAPPL) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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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:SAPPL Shree Ajit Pulp And Paper Ltd NSE:SAPPL
64 GF Score
Price ₹289.55
GF Value ₹373.20
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shree Ajit Pulp And Paper  (NSE:SAPPL) 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.


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Related Terms


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio Chart

Shree Ajit Pulp And Paper 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 1.39 0.93 0.90 0.84 1.08

Shree Ajit Pulp And Paper 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 0.84 0.00 1.02 0.00 1.08

NSE:SAPPL vs : Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Shree Ajit Pulp And Paper'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.


Shree Ajit Pulp And Paper Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Ajit Pulp And Paper's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shree Ajit Pulp And Paper's Cyclically Adjusted PB Ratio falls into.


NSE:SAPPL
64GF Score
Shree Ajit Pulp And Paper Ltd NSE:SAPPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shree Ajit Pulp And Paper 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.

Shree Ajit Pulp And Paper's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shree Ajit Pulp And Paper'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)
=312.489/330.2130*330.2130
=312.489

Current CPI (Mar. 2026) = 330.2130.

Shree Ajit Pulp And Paper Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 116.708 241.428 159.627
201612 0.000 241.432 0.000
201703 117.622 243.801 159.312
201706 0.000 244.955 0.000
201709 122.909 246.819 164.437
201712 0.000 246.524 0.000
201803 126.488 249.554 167.371
201806 0.000 251.989 0.000
201809 144.359 252.439 188.835
201812 0.000 251.233 0.000
201903 156.155 254.202 202.848
201906 0.000 256.143 0.000
201909 169.450 256.759 217.927
201912 0.000 256.974 0.000
202003 180.740 258.115 231.225
202006 0.000 257.797 0.000
202009 186.081 260.280 236.078
202012 0.000 260.474 0.000
202103 210.341 264.877 262.225
202106 0.000 271.696 0.000
202109 228.221 274.310 274.731
202112 0.000 278.802 0.000
202203 237.059 287.504 272.274
202206 0.000 296.311 0.000
202209 242.690 296.808 270.004
202212 0.000 296.797 0.000
202303 262.463 301.836 287.138
202306 0.000 305.109 0.000
202309 260.845 307.789 279.849
202312 0.000 306.746 0.000
202403 254.545 312.332 269.118
202406 0.000 314.175 0.000
202409 311.515 315.301 326.248
202412 0.000 315.605 0.000
202503 297.983 319.799 307.687
202506 0.000 322.561 0.000
202509 293.142 324.800 298.027
202512 0.000 324.054 0.000
202603 312.489 330.213 312.489

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 Shree Ajit Pulp And Paper (NSE:SAPPL) Overvalued in 2026?

Based on GuruFocus' analysis, Shree Ajit Pulp And Paper stock appears to be undervalued. The current stock price of ₹289.55 is trading 22.4% below its estimated GF Value™ of ₹373.20. GuruFocus considers Shree Ajit Pulp And Paper to be Modestly Undervalued.

Key valuation signals for NSE:SAPPL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹373.20 vs. price of ₹289.55 (22.4% below fair value)
  • GF Score™: 64/100 with 4 warning signs

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


Shree Ajit Pulp And Paper Business Description

Comparable Companies
Other Exchanges 538795:India
Address Survey No. 239, Village Salvav, Near Morai Railway Crossing, Via-Vapi, District Valsad, Vapi, GJ, IND, 396191
Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of Kraft Paper (Testliner/Multilayer Testliner), which is mainly used for the manufacturing of corrugated boxes. The product includes multilayer test liner and test liner paper, and is available in two shades, which are natural and golden yellow. The Kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material. Geographically, the company derives all of its revenue from its business in India.
64GF Score

Get the complete analysis for NSE:SAPPL

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

₹289.55
Price
₹373.20
GF Value