Sun Pharma Advanced Research Co (NSE:SPARC) Cyclically Adjusted PB Ratio: 33.00 (As of Jul. 23, 2026) — 12% Below Median

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NSE:SPARC Sun Pharma Advanced Research Co Ltd NSE:SPARC
48 GF Score
Price ₹214.48
GF Value ₹83.56
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Sun Pharma Advanced Research Co Cyclically Adjusted PB Ratio?

Sun Pharma Advanced Research Co NSE:SPARC -4.70% 48 Cyclically Adjusted PB Ratio is 33.00 as of Jul. 23, 2026, which is 12% below its 10-year median of 37.37. GuruFocus rates NSE:SPARC with a GF Score™ of 48/100 and a GF Value™ of ₹83.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 757 Drug Manufacturers companies, Sun Pharma Advanced Research Co ranks worse than 98.15% on this metric.

As of today (2026-07-23), Sun Pharma Advanced Research Co's current share price is ₹214.48. Sun Pharma Advanced Research Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹6.50. Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio for today is 33.00.

The historical rank and industry rank for Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:SPARC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 19.2   Med: 37.37   Max: 75.51
Current: 33.04

During the past years, Sun Pharma Advanced Research Co's highest Cyclically Adjusted PB Ratio was 75.51. The lowest was 19.20. And the median was 37.37.

NSE:SPARC's Cyclically Adjusted PB Ratio is ranked worse than
98.15% of 757 companies
in the Drug Manufacturers industry
Industry Median: 1.84 vs NSE:SPARC: 33.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sun Pharma Advanced Research Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₹41.255. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹6.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Pharma Advanced Research Co  (NSE:SPARC) 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.


Sun Pharma Advanced Research Co Cyclically Adjusted PB Ratio Related Terms


Sun Pharma Advanced Research Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sun Pharma Advanced Research Co'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.

Sun Pharma Advanced Research Co Cyclically Adjusted PB Ratio Chart

Sun Pharma Advanced Research Co 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 54.36 31.65 64.47 29.31 17.70

Sun Pharma Advanced Research Co 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 29.31 0.00 29.67 0.00 17.70

NSE:SPARC vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Sun Pharma Advanced Research Co'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.


Sun Pharma Advanced Research Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio falls into.


NSE:SPARC
48GF Score
Sun Pharma Advanced Research Co Ltd NSE:SPARC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sun Pharma Advanced Research Co 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.

Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=214.48/6.50
=33.00

* 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.

Sun Pharma Advanced Research Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sun Pharma Advanced Research Co'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)
=41.255/164.2724*164.2724
=41.255

Current CPI (Mar. 2026) = 164.2724.

Sun Pharma Advanced Research Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 10.460 105.961 16.216
201612 0.000 105.196 0.000
201703 6.406 105.196 10.004
201706 0.000 107.109 0.000
201709 5.731 109.021 8.635
201712 0.000 109.404 0.000
201803 7.361 109.786 11.014
201806 0.000 111.317 0.000
201809 8.715 115.142 12.434
201812 0.000 115.142 0.000
201903 11.305 118.202 15.711
201906 0.000 120.880 0.000
201909 5.316 123.175 7.090
201912 0.000 126.235 0.000
202003 -0.711 124.705 -0.937
202006 0.000 127.000 0.000
202009 -1.784 130.118 -2.252
202012 0.000 130.889 0.000
202103 -6.421 131.771 -8.005
202106 0.000 134.084 0.000
202109 0.179 135.847 0.216
202112 0.000 138.161 0.000
202203 1.149 138.822 1.360
202206 0.000 142.347 0.000
202209 -4.310 144.661 -4.894
202212 0.000 145.763 0.000
202303 15.801 146.865 17.674
202306 0.000 150.280 0.000
202309 10.221 151.492 11.083
202312 0.000 152.924 0.000
202403 3.875 153.035 4.160
202406 0.000 155.789 0.000
202409 0.000 157.882 0.000
202412 0.000 158.323 0.000
202503 -6.685 157.552 -6.970
202506 0.000 159.755 0.000
202509 -10.620 162.289 -10.750
202512 0.000 163.281 0.000
202603 41.255 164.272 41.255

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.

What does a Cyclically Adjusted PB Ratio of 33.00 mean?
Sun Pharma Advanced Research Co (NSE:SPARC) has a Cyclically Adjusted PB Ratio of 33.00 as of Jul. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sun Pharma Advanced Research Co and its competitors. This is 12% below median its historical median of 37.37. Over the past decade, Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio has ranged from 19.20 to 75.51. According to the industry distribution chart, Sun Pharma Advanced Research Co ranks #743 out of 757 companies in the Drug Manufacturers industry, placing it in the top 98.2%.
Is Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio too high?
Sun Pharma Advanced Research Co's current Cyclically Adjusted PB Ratio of 33.00 is 12% below median its 10-year median of 37.37. Over the past 10 years, this metric has ranged from a low of 19.20 to a high of 75.51. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.84. Sun Pharma Advanced Research Co's value of 33.00 is 1693.5% above this industry median. Based on the distribution chart, Sun Pharma Advanced Research Co ranks #743 out of 757 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Sun Pharma Advanced Research Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Pharma Advanced Research Co's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Sun Pharma Advanced Research Co ranks #743 out of 757 companies for Cyclically Adjusted PB Ratio. This places Sun Pharma Advanced Research Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.84. Sun Pharma Advanced Research Co's value of 33.00 is 1693.5% above this benchmark. Historically, Sun Pharma Advanced Research Co's own Cyclically Adjusted PB Ratio has ranged from 19.20 to 75.51 over the past decade. While the company's 10-year median is 37.37 vs. the industry median of 1.84, Sun Pharma Advanced Research Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.84, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun Pharma Advanced Research Co's current Cyclically Adjusted PB Ratio of 33.00 is 1693.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sun Pharma Advanced Research Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Pharma Advanced Research Co's current Cyclically Adjusted PB Ratio is 33.00, which is 12% below median its own 10-year median of 37.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Pharma Advanced Research Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Pharma Advanced Research Co (NSE:SPARC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹83.56, compared to a current price of ₹214.48 — trading 156.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 33.00, which is 12% below median its 10-year median of 37.37 and 1693.5% above the Drug Manufacturers industry median of 1.84. Sun Pharma Advanced Research Co's overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sun Pharma Advanced Research Co (NSE:SPARC), the current Cyclically Adjusted PB Ratio is 33.00 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sun Pharma Advanced Research Co (NSE:SPARC) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Pharma Advanced Research Co stock appears to be overvalued. The current stock price of ₹214.48 is trading 156.7% above its estimated GF Value™ of ₹83.56. GuruFocus considers Sun Pharma Advanced Research Co to be Significantly Overvalued.

Key valuation signals for NSE:SPARC:

  • Cyclically Adjusted PB Ratio: 33.00 (12% below median its 10-year median of 37.37)
  • GF Value™: ₹83.56 vs. price of ₹214.48 (156.7% above fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 1693.5% above the Drug Manufacturers median (#743 of 757)

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


Sun Pharma Advanced Research Co Business Description

Other Exchanges 532872:India
Address Off Mahakali Caves Road, 17-B, Mahal Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093
Sun Pharma Advanced Research Co Ltd is an Indian specialty and generic drug manufacturing company. The company has identified pharmaceuticals research and development as its only reportable segment. The company is focused on drug discovery in focused therapy areas such as cancer and anti-inflammatory treatments. The company considers merger and acquisition investment as a potential component of its operational growth plan for expanding its research, development, manufacturing, and marketing capabilities. It derives maximum revenue from India and also has its presence in other countries.
48GF Score

Get the complete analysis for NSE:SPARC

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

₹214.48
Price
₹83.56
GF Value