TCPL Packaging (NSE:TCPLPACK) Cyclically Adjusted PB Ratio: 6.69 (As of Jul. 19, 2026) — 22% Above Median

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NSE:TCPLPACK TCPL Packaging Ltd NSE:TCPLPACK
80 GF Score
Price ₹3,215.80
GF Value ₹3,090.75
Valuation Fairly Valued
! 3 Warning Signs
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What is TCPL Packaging Cyclically Adjusted PB Ratio?

TCPL Packaging NSE:TCPLPACK -1.52% 80 Cyclically Adjusted PB Ratio is 6.69 as of Jul. 19, 2026, which is 22% above its 10-year median of 5.48. GuruFocus rates NSE:TCPLPACK with a GF Score™ of 80/100 and a GF Value™ of ₹3,090.75 (Fairly Valued). The stock has 3 warning signs investors should review. Among 316 Packaging & Containers companies, TCPL Packaging ranks worse than 94.94% on this metric.

As of today (2026-07-19), TCPL Packaging's current share price is ₹3215.80. TCPL Packaging's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹480.47. TCPL Packaging's Cyclically Adjusted PB Ratio for today is 6.69.

The historical rank and industry rank for TCPL Packaging's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:TCPLPACK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 5.48   Max: 10.11
Current: 6.72

During the past years, TCPL Packaging's highest Cyclically Adjusted PB Ratio was 10.11. The lowest was 1.70. And the median was 5.48.

NSE:TCPLPACK's Cyclically Adjusted PB Ratio is ranked worse than
94.94% of 316 companies
in the Packaging & Containers industry
Industry Median: 1.165 vs NSE:TCPLPACK: 6.72

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.

TCPL Packaging's adjusted book value per share data for the three months ended in Mar. 2026 was ₹791.526. 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 ₹480.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TCPL Packaging  (NSE:TCPLPACK) 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.


TCPL Packaging Cyclically Adjusted PB Ratio Related Terms


TCPL Packaging Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TCPL Packaging'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.

TCPL Packaging Cyclically Adjusted PB Ratio Chart

TCPL Packaging 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 2.81 4.66 6.29 11.06 4.74

TCPL Packaging 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 11.06 0.00 7.39 0.00 4.74

NSE:TCPLPACK vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, TCPL Packaging'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.


TCPL Packaging Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TCPL Packaging's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:TCPLPACK
80GF Score
TCPL Packaging Ltd NSE:TCPLPACK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCPL Packaging 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.

TCPL Packaging's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3215.80/480.47
=6.69

* 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.

TCPL Packaging's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TCPL Packaging'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)
=791.526/164.2724*164.2724
=791.526

Current CPI (Mar. 2026) = 164.2724.

TCPL Packaging Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 186.878 105.961 289.719
201612 0.000 105.196 0.000
201703 205.029 105.196 320.170
201706 0.000 107.109 0.000
201709 224.613 109.021 338.445
201712 0.000 109.404 0.000
201803 237.174 109.786 354.881
201806 0.000 111.317 0.000
201809 250.516 115.142 357.410
201812 0.000 115.142 0.000
201903 264.529 118.202 367.631
201906 0.000 120.880 0.000
201909 273.021 123.175 364.115
201912 0.000 126.235 0.000
202003 295.932 124.705 389.827
202006 0.000 127.000 0.000
202009 306.695 130.118 387.199
202012 0.000 130.889 0.000
202103 330.165 131.771 411.602
202106 0.000 134.084 0.000
202109 341.145 135.847 412.528
202112 0.000 138.161 0.000
202203 373.550 138.822 442.034
202206 0.000 142.347 0.000
202209 431.531 144.661 490.032
202212 0.000 145.763 0.000
202303 485.448 146.865 542.988
202306 0.000 150.280 0.000
202309 524.332 151.492 568.566
202312 0.000 152.924 0.000
202403 575.678 153.035 617.952
202406 0.000 155.789 0.000
202409 627.409 157.882 652.803
202412 0.000 158.323 0.000
202503 708.985 157.552 739.228
202506 0.000 159.755 0.000
202509 737.119 162.289 746.127
202512 0.000 163.281 0.000
202603 791.526 164.272 791.526

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 6.69 mean?
TCPL Packaging (NSE:TCPLPACK) has a Cyclically Adjusted PB Ratio of 6.69 as of Jul. 19, 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 TCPL Packaging and its competitors. This is 22% above median its historical median of 5.48. Over the past decade, TCPL Packaging's Cyclically Adjusted PB Ratio has ranged from 1.70 to 10.11. According to the industry distribution chart, TCPL Packaging ranks #300 out of 316 companies in the Packaging & Containers industry, placing it in the top 94.9%.
Is TCPL Packaging's Cyclically Adjusted PB Ratio too high?
TCPL Packaging's current Cyclically Adjusted PB Ratio of 6.69 is 22% above median its 10-year median of 5.48. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 10.11. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.17. TCPL Packaging's value of 6.69 is 474.2% above this industry median. Based on the distribution chart, TCPL Packaging ranks #300 out of 316 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, TCPL Packaging has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCPL Packaging's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, TCPL Packaging ranks #300 out of 316 companies for Cyclically Adjusted PB Ratio. This places TCPL Packaging in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. TCPL Packaging's value of 6.69 is 474.2% above this benchmark. Historically, TCPL Packaging's own Cyclically Adjusted PB Ratio has ranged from 1.70 to 10.11 over the past decade. While the company's 10-year median is 5.48 vs. the industry median of 1.17, TCPL Packaging 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.17, based on 316 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. TCPL Packaging's current Cyclically Adjusted PB Ratio of 6.69 is 474.2% 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 TCPL Packaging and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCPL Packaging's current Cyclically Adjusted PB Ratio is 6.69, which is 22% above median its own 10-year median of 5.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCPL Packaging stock overvalued right now?
Based on GuruFocus' analysis, TCPL Packaging (NSE:TCPLPACK) is currently considered Fairly Valued. The stock's GF Value™ is ₹3,090.75, compared to a current price of ₹3,215.80 — trading 4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.69, which is 22% above median its 10-year median of 5.48 and 474.2% above the Packaging & Containers industry median of 1.17. TCPL Packaging's overall GF Score™ is 80/100 with 3 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 TCPL Packaging (NSE:TCPLPACK), the current Cyclically Adjusted PB Ratio is 6.69 as of Jul. 19, 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 TCPL Packaging (NSE:TCPLPACK) Overvalued in 2026?

Based on GuruFocus' analysis, TCPL Packaging stock appears to be overvalued. The current stock price of ₹3,215.80 is trading 4% above its estimated GF Value™ of ₹3,090.75. GuruFocus considers TCPL Packaging to be Fairly Valued.

Key valuation signals for NSE:TCPLPACK:

  • Cyclically Adjusted PB Ratio: 6.69 (22% above median its 10-year median of 5.48)
  • GF Value™: ₹3,090.75 vs. price of ₹3,215.80 (4% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 474.2% above the Packaging & Containers median (#300 of 316)

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


TCPL Packaging Business Description

Other Exchanges 523301:India
Address 414, Senapati Bapat Marg, Empire Mills Complex, Lower Parel (West), Mumbai, MH, IND, 400 013
TCPL Packaging Ltd is engaged in the Printing and Packaging business. The company manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. Geographically, it derives a majority of its revenue from India. It serves FMCG, Food and Beverage, Liquor, Pharmaceuticals, and Other industries. It has one segment of business, which is Printing and Packaging.
80GF Score

Get the complete analysis for NSE:TCPLPACK

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

₹3,215.80
Price
₹3,090.75
GF Value