Shivalik Rasayan (NSE:SHIVALIK) Cyclically Adjusted PB Ratio: (As of Sep. 06, 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.
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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:SHIVALIK Shivalik Rasayan Ltd NSE:SHIVALIK
60 GF Score
Price ₹327.40
GF Value ₹732.83
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Shivalik Rasayan Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shivalik Rasayan  (NSE:SHIVALIK) 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.


Shivalik Rasayan Cyclically Adjusted PB Ratio Related Terms


Shivalik Rasayan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shivalik Rasayan'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.

Shivalik Rasayan Cyclically Adjusted PB Ratio Chart

Shivalik Rasayan 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 4.09 3.77 1.06

Shivalik Rasayan 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 2.32 0.00 1.06 0.00

NSE:SHIVALIK vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Shivalik Rasayan'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.


Shivalik Rasayan Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Shivalik Rasayan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SHIVALIK
60GF Score
Shivalik Rasayan Ltd NSE:SHIVALIK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shivalik Rasayan 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.

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

For example, Shivalik Rasayan'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.

Shivalik Rasayan Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.522 105.961 35.572
201612 0.000 105.196 0.000
201703 12.619 105.196 20.076
201706 0.000 107.109 0.000
201709 34.186 109.021 52.478
201712 0.000 109.404 0.000
201803 46.484 109.786 70.860
201806 0.000 111.317 0.000
201809 115.151 115.142 167.371
201812 0.000 115.142 0.000
201903 119.952 118.202 169.835
201906 0.000 120.880 0.000
201909 224.852 123.175 305.505
201912 0.000 126.235 0.000
202003 127.935 124.705 171.692
202006 0.000 127.000 0.000
202009 187.749 130.118 241.482
202012 0.000 130.889 0.000
202103 129.963 131.771 165.062
202106 0.000 134.084 0.000
202109 173.228 135.847 213.409
202112 0.000 138.161 0.000
202203 198.214 138.822 238.958
202206 0.000 142.347 0.000
202209 194.225 144.661 224.697
202212 0.000 145.763 0.000
202303 214.009 146.865 243.871
202306 0.000 150.280 0.000
202309 237.745 151.492 262.643
202312 0.000 152.924 0.000
202403 250.415 153.035 273.852
202406 0.000 155.789 0.000
202409 326.002 157.882 345.567
202412 0.000 158.323 0.000
202503 263.579 157.552 279.983
202506 0.000 159.755 0.000
202509 372.401 162.289 384.031
202512 0.000 163.281 0.000
202603 385.029 164.272 392.260
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 Shivalik Rasayan (NSE:SHIVALIK) Overvalued in 2026?

Based on GuruFocus' analysis, Shivalik Rasayan stock appears to be undervalued. The current stock price of ₹327.40 is trading 55.3% below its estimated GF Value™ of ₹732.83. GuruFocus considers Shivalik Rasayan to be Significantly Undervalued.

Key valuation signals for NSE:SHIVALIK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹732.83 vs. price of ₹327.40 (55.3% below fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Shivalik Rasayan Business Description

Other Exchanges 539148:India
Address 1506, Chiranjiv Tower, 43, Nehru Place, New Delhi, IND, 110 019
Shivalik Rasayan Ltd is an Indian manufacturer of Agrochemicals and Active Pharma Ingredients (API). The company's business units cover Pharmaceuticals, Agrochemicals, Intellectual property, and R&D centers. The company derives revenue from the manufacture and export of pharmaceutical products. The company's pharmaceutical products encompass both oncological and Non-Oncological products.
60GF Score

Get the complete analysis for NSE:SHIVALIK

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

₹327.40
Price
₹732.83
GF Value