Thacker (NSE:THACKER) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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:THACKER Thacker & Co Ltd NSE:THACKER
56 GF Score
Price ₹1,100.00
GF Value ₹1,224.40
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thacker Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thacker  (NSE:THACKER) 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.


Thacker Cyclically Adjusted PB Ratio Related Terms


Thacker Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thacker'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.

Thacker Cyclically Adjusted PB Ratio Chart

Thacker 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 0.65 1.10 1.69 0.86

Thacker 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 2.01 0.00 0.86 0.00

NSE:THACKER vs : Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Thacker'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.


Thacker Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thacker's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:THACKER
56GF Score
Thacker & Co Ltd NSE:THACKER
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thacker 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.

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

For example, Thacker'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Thacker Quarterly Data

Book Value per Share CPI Adj_Book
201609 51.171 241.428 70.782
201612 51.501 241.432 71.237
201703 383.886 243.801 525.837
201706 93.990 244.955 128.138
201709 96.435 246.819 130.479
201712 337.539 246.524 457.245
201803 721.165 249.554 965.060
201806 329.813 251.989 437.089
201809 325.461 252.439 430.553
201812 0.000 251.233 0.000
201903 711.113 254.202 934.208
201906 0.000 256.143 0.000
201909 724.827 256.759 942.742
201912 734.609 256.974 954.665
202003 736.998 258.115 953.536
202006 742.378 257.797 961.682
202009 766.068 260.280 982.903
202012 0.000 260.474 0.000
202103 815.667 264.877 1,028.378
202106 0.000 271.696 0.000
202109 895.525 274.310 1,090.235
202112 0.000 278.802 0.000
202203 927.178 287.504 1,076.969
202206 0.000 296.311 0.000
202209 1,001.042 296.808 1,126.317
202212 0.000 296.797 0.000
202303 1,044.776 301.836 1,155.942
202306 0.000 305.109 0.000
202309 1,135.451 307.789 1,231.968
202312 0.000 306.746 0.000
202403 1,257.169 312.332 1,344.192
202406 0.000 314.175 0.000
202409 1,454.540 315.301 1,540.580
202412 0.000 315.605 0.000
202503 1,512.222 319.799 1,579.147
202506 0.000 322.561 0.000
202509 1,656.388 324.800 1,703.061
202512 0.000 324.054 0.000
202603 1,607.518 330.213 1,625.720
202606 0.000 333.952 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 Thacker (NSE:THACKER) Overvalued in 2026?

Based on GuruFocus' analysis, Thacker stock appears to be undervalued. The current stock price of ₹1,100.00 is trading 10.2% below its estimated GF Value™ of ₹1,224.40. GuruFocus considers Thacker to be Modestly Undervalued.

Key valuation signals for NSE:THACKER:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,224.40 vs. price of ₹1,100.00 (10.2% below fair value)
  • GF Score™: 56/100 with 3 warning signs

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


Thacker Business Description

Comparable Companies
Other Exchanges 509945:India
Address 60, Dr. V. B. Gandhi Marg, Jatia Chambers, Fort, Mumbai, MH, IND, 400 001
Thacker & Co Ltd is a non-banking finance company. It has an interest in investments, Finance, Trading, Information Technology, and FMCG. Its business segments include Investment and Finance; Business Centre; Trading Business; and other unallocables. The company generates maximum revenue from the Business Centre segment.
56GF Score

Get the complete analysis for NSE:THACKER

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

₹1,100.00
Price
₹1,224.40
GF Value