Saregama India (NSE:SAREGAMA) Cyclically Adjusted PB Ratio: (As of Sep. 09, 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:SAREGAMA Saregama India Ltd NSE:SAREGAMA
95 GF Score
Price ₹497.10
GF Value ₹541.88
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Saregama India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Saregama India  (NSE:SAREGAMA) 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.


Saregama India Cyclically Adjusted PB Ratio Related Terms


Saregama India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saregama India'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.

Saregama India Cyclically Adjusted PB Ratio Chart

Saregama India 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 0.00 0.00 8.54 10.62 5.80

Saregama India 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 8.91 0.00 5.80 0.00

NSE:SAREGAMA vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Saregama India'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.


Saregama India Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


NSE:SAREGAMA
95GF Score
Saregama India Ltd NSE:SAREGAMA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saregama India 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.

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

For example, Saregama India'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.

Saregama India Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.000 88.365 0.000
201403 9.524 91.425 17.434
201406 0.000 94.103 0.000
201503 9.641 97.163 16.606
201603 11.216 102.518 18.310
201703 19.523 105.196 31.059
201803 21.924 109.786 33.421
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 24.588 118.202 34.813
201906 0.000 120.880 0.000
201909 24.545 123.175 33.349
201912 0.000 126.235 0.000
202003 22.885 124.705 30.712
202006 0.000 127.000 0.000
202009 26.868 130.118 34.558
202012 28.919 130.889 36.976
202103 29.022 131.771 36.860
202106 32.792 134.084 40.929
202109 36.932 135.847 45.499
202112 72.896 138.161 88.301
202203 71.454 138.822 86.142
202206 73.088 142.347 85.929
202209 75.562 144.661 87.417
202212 78.005 145.763 89.561
202303 69.608 146.865 79.321
202306 0.000 150.280 0.000
202309 74.417 151.492 82.210
202312 0.000 152.924 0.000
202403 76.394 153.035 83.544
202406 0.000 155.789 0.000
202409 80.739 157.882 85.584
202412 0.000 158.323 0.000
202503 82.367 157.552 87.493
202506 0.000 159.755 0.000
202509 86.434 162.289 89.133
202512 0.000 163.281 0.000
202603 88.179 164.272 89.835
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 Saregama India (NSE:SAREGAMA) Overvalued in 2026?

Based on GuruFocus' analysis, Saregama India stock appears to be undervalued. The current stock price of ₹497.10 is trading 8.3% below its estimated GF Value™ of ₹541.88. GuruFocus considers Saregama India to be Fairly Valued.

Key valuation signals for NSE:SAREGAMA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹541.88 vs. price of ₹497.10 (8.3% below fair value)
  • GF Score™: 95/100 with 10 warning signs

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


Saregama India Business Description

Other Exchanges 532163:India
Address Building 30, Forjett Street, Grant Road West, 2nd Floor, Spencer Building, Mumbai, MH, IND, 400 036
Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine 'OPEN' through its publication business. The firm derives a majority of its revenue from the Music segment.
95GF Score

Get the complete analysis for NSE:SAREGAMA

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

₹497.10
Price
₹541.88
GF Value