TCPL Packaging (NSE:TCPLPACK) Cyclically Adjusted PB Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan 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:TCPLPACK TCPL Packaging Ltd NSE:TCPLPACK
82 GF Score
Price ₹4,101.30
GF Value ₹3,183.26
Valuation Modestly Overvalued
! 7 Warning Signs
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What is TCPL Packaging Cyclically Adjusted PB Ratio?

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
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 7.39 0.00 4.74 0.00

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
82GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TCPL Packaging'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.

TCPL Packaging Quarterly Data

Book Value per Share CPI Adj_Book
201609 186.878 105.961 295.159
201612 0.000 105.196 0.000
201703 205.029 105.196 326.183
201706 0.000 107.109 0.000
201709 224.613 109.021 344.800
201712 0.000 109.404 0.000
201803 237.174 109.786 361.546
201806 0.000 111.317 0.000
201809 250.516 115.142 364.122
201812 0.000 115.142 0.000
201903 264.529 118.202 374.535
201906 0.000 120.880 0.000
201909 273.021 123.175 370.952
201912 0.000 126.235 0.000
202003 295.932 124.705 397.148
202006 0.000 127.000 0.000
202009 306.695 130.118 394.470
202012 0.000 130.889 0.000
202103 330.165 131.771 419.332
202106 0.000 134.084 0.000
202109 341.145 135.847 420.275
202112 0.000 138.161 0.000
202203 373.550 138.822 450.335
202206 0.000 142.347 0.000
202209 431.531 144.661 499.235
202212 0.000 145.763 0.000
202303 485.448 146.865 553.185
202306 0.000 150.280 0.000
202309 524.332 151.492 579.244
202312 0.000 152.924 0.000
202403 575.678 153.035 629.557
202406 0.000 155.789 0.000
202409 627.409 157.882 665.062
202412 0.000 158.323 0.000
202503 708.989 157.552 753.115
202506 0.000 159.755 0.000
202509 737.119 162.289 760.138
202512 0.000 163.281 0.000
202603 793.273 164.272 808.170
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 TCPL Packaging (NSE:TCPLPACK) Overvalued in 2026?

Based on GuruFocus' analysis, TCPL Packaging stock appears to be overvalued. The current stock price of ₹4,101.30 is trading 28.8% above its estimated GF Value™ of ₹3,183.26. GuruFocus considers TCPL Packaging to be Modestly Overvalued.

Key valuation signals for NSE:TCPLPACK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3,183.26 vs. price of ₹4,101.30 (28.8% above fair value)
  • GF Score™: 82/100 with 7 warning signs

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.
82GF 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.

₹4,101.30
Price
₹3,183.26
GF Value