Shree Cement (NSE:SHREECEM) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

Author: Vera Yuan Vera Yuan
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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:SHREECEM Shree Cement Ltd NSE:SHREECEM
88 GF Score
Price ₹24,280.00
GF Value ₹29,803.34
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Shree Cement Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shree Cement  (NSE:SHREECEM) 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 Cement Cyclically Adjusted PB Ratio Related Terms


Shree Cement Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shree Cement'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 Cement Cyclically Adjusted PB Ratio Chart

Shree Cement 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 0.00 8.17 4.97

Shree Cement 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 6.95 0.00 4.97 0.00

NSE:SHREECEM vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Shree Cement'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 Cement Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shree Cement's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SHREECEM
88GF Score
Shree Cement Ltd NSE:SHREECEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shree Cement 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 Cement's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shree Cement'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.

Shree Cement Quarterly Data

Book Value per Share CPI Adj_Book
201212 936.987 83.774 1,871.834
201306 1,103.315 88.365 2,089.611
201406 1,352.243 94.103 2,404.904
201506 1,682.875 99.841 2,820.911
201603 1,964.986 102.518 3,207.766
201703 2,209.720 105.196 3,515.464
201803 2,553.796 109.786 3,892.981
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 2,776.000 118.202 3,930.420
201906 0.000 120.880 0.000
201909 2,949.241 123.175 4,007.120
201912 0.000 126.235 0.000
202003 3,649.963 124.705 4,898.340
202006 0.000 127.000 0.000
202009 3,868.349 130.118 4,975.460
202012 0.000 130.889 0.000
202103 4,267.457 131.771 5,419.954
202106 0.000 134.084 0.000
202109 4,548.211 135.847 5,603.188
202112 0.000 138.161 0.000
202203 4,839.190 138.822 5,833.909
202206 0.000 142.347 0.000
202209 4,977.919 144.661 5,758.916
202212 0.000 145.763 0.000
202303 5,165.156 146.865 5,885.874
202306 0.000 150.280 0.000
202309 5,403.221 151.492 5,969.084
202312 0.000 152.924 0.000
202403 5,737.901 153.035 6,274.922
202406 0.000 155.789 0.000
202409 5,786.780 157.882 6,134.066
202412 0.000 158.323 0.000
202503 5,969.277 157.552 6,340.789
202506 0.000 159.755 0.000
202509 6,219.941 162.289 6,414.182
202512 0.000 163.281 0.000
202603 6,448.693 164.272 6,569.794
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 Shree Cement (NSE:SHREECEM) Overvalued in 2026?

Based on GuruFocus' analysis, Shree Cement stock appears to be undervalued. The current stock price of ₹24,280.00 is trading 18.5% below its estimated GF Value™ of ₹29,803.34. GuruFocus considers Shree Cement to be Modestly Undervalued.

Key valuation signals for NSE:SHREECEM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹29,803.34 vs. price of ₹24,280.00 (18.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs

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


Shree Cement Business Description

Other Exchanges 500387:India
Address 21 Strand Road, Kolkata, WB, IND, 700001
Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from cement, clinker, and power sales, of which cement products contribute majorly to the revenue. The cement products are offered under the brands Shree Jung Rodhak and Bangur. Geographically, the company's majority of the revenue is generated within India.
88GF Score

Get the complete analysis for NSE:SHREECEM

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

₹24,280.00
Price
₹29,803.34
GF Value