Thomas Cook India (NSE:THOMASCOOK) Cyclically Adjusted PB Ratio: 0.88 (As of Jul. 29, 2026) — 13% Above Median

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NSE:THOMASCOOK Thomas Cook India Ltd NSE:THOMASCOOK
64 GF Score
Price ₹97.88
GF Value ₹181.95
Valuation Possible Value Trap
! 3 Warning Signs
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What is Thomas Cook India Cyclically Adjusted PB Ratio?

Thomas Cook India NSE:THOMASCOOK -0.58% 64 Cyclically Adjusted PB Ratio is 0.88 as of Jul. 29, 2026, which is 13% above its 10-year median of 0.78. GuruFocus rates NSE:THOMASCOOK with a GF Score™ of 64/100 and a GF Value™ of ₹181.95 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 647 Travel & Leisure companies, Thomas Cook India ranks better than 60.74% on this metric.

As of today (2026-07-29), Thomas Cook India's current share price is ₹97.88. Thomas Cook India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹111.39. Thomas Cook India's Cyclically Adjusted PB Ratio for today is 0.88.

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

NSE:THOMASCOOK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.78   Max: 2.25
Current: 0.88

During the past years, Thomas Cook India's highest Cyclically Adjusted PB Ratio was 2.25. The lowest was 0.29. And the median was 0.78.

NSE:THOMASCOOK's Cyclically Adjusted PB Ratio is ranked better than
60.74% of 647 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs NSE:THOMASCOOK: 0.88

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.

Thomas Cook India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹53.888. 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 ₹111.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thomas Cook India  (NSE:THOMASCOOK) 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.


Thomas Cook India Cyclically Adjusted PB Ratio Related Terms


Thomas Cook India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thomas Cook India'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.

Thomas Cook India Cyclically Adjusted PB Ratio Chart

Thomas Cook India 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 0.68 0.54 1.54 1.26 0.81

Thomas Cook India 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 1.26 0.00 1.44 0.00 0.81

NSE:THOMASCOOK vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Thomas Cook India'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.


Thomas Cook India Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thomas Cook India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:THOMASCOOK
64GF Score
Thomas Cook India Ltd NSE:THOMASCOOK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thomas Cook India 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.

Thomas Cook India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=97.88/111.39
=0.88

* 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.

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

For example, Thomas Cook India'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)
=53.888/164.2724*164.2724
=53.888

Current CPI (Mar. 2026) = 164.2724.

Thomas Cook India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 41.429 105.961 64.228
201612 0.000 105.196 0.000
201703 54.158 105.196 84.572
201706 0.000 107.109 0.000
201709 55.192 109.021 83.163
201712 0.000 109.404 0.000
201803 234.231 109.786 350.478
201806 0.000 111.317 0.000
201809 240.086 115.142 342.530
201812 0.000 115.142 0.000
201903 239.889 118.202 333.388
201906 0.000 120.880 0.000
201909 240.061 123.175 320.157
201912 0.000 126.235 0.000
202003 44.874 124.705 59.112
202006 0.000 127.000 0.000
202009 39.673 130.118 50.087
202012 0.000 130.889 0.000
202103 51.000 131.771 63.579
202106 0.000 134.084 0.000
202109 47.325 135.847 57.228
202112 0.000 138.161 0.000
202203 35.861 138.822 42.436
202206 0.000 142.347 0.000
202209 36.845 144.661 41.840
202212 0.000 145.763 0.000
202303 36.915 146.865 41.291
202306 0.000 150.280 0.000
202309 39.247 151.492 42.558
202312 0.000 152.924 0.000
202403 44.216 153.035 47.463
202406 0.000 155.789 0.000
202409 45.993 157.882 47.855
202412 0.000 158.323 0.000
202503 48.521 157.552 50.591
202506 0.000 159.755 0.000
202509 50.729 162.289 51.349
202512 0.000 163.281 0.000
202603 53.888 164.272 53.888

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 0.88 mean?
Thomas Cook India (NSE:THOMASCOOK) has a Cyclically Adjusted PB Ratio of 0.88 as of Jul. 29, 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 Thomas Cook India and its competitors. This is 13% above median its historical median of 0.78. Over the past decade, Thomas Cook India's Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.25. According to the industry distribution chart, Thomas Cook India ranks #254 out of 647 companies in the Travel & Leisure industry, placing it in the top 39.3%.
Is Thomas Cook India's Cyclically Adjusted PB Ratio too high?
Thomas Cook India's current Cyclically Adjusted PB Ratio of 0.88 is 13% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.25. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Thomas Cook India's value of 0.88 is 26.7% below this industry median. Based on the distribution chart, Thomas Cook India ranks #254 out of 647 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Thomas Cook India has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thomas Cook India's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Thomas Cook India ranks #254 out of 647 companies for Cyclically Adjusted PB Ratio. This puts Thomas Cook India in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Thomas Cook India's value of 0.88 is 26.7% below this benchmark. Historically, Thomas Cook India's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.25 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.20, Thomas Cook India has consistently been below 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 647 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. Thomas Cook India's current Cyclically Adjusted PB Ratio of 0.88 is 26.7% below 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 Thomas Cook India and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomas Cook India's current Cyclically Adjusted PB Ratio is 0.88, which is 13% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomas Cook India stock overvalued right now?
Based on GuruFocus' analysis, Thomas Cook India (NSE:THOMASCOOK) is currently considered Possible Value Trap. The stock's GF Value™ is ₹181.95, compared to a current price of ₹97.88 — trading 46.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.88, which is 13% above median its 10-year median of 0.78 and 26.7% below the Travel & Leisure industry median of 1.20. Thomas Cook India's overall GF Score™ is 64/100 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 Thomas Cook India (NSE:THOMASCOOK), the current Cyclically Adjusted PB Ratio is 0.88 as of Jul. 29, 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 Thomas Cook India (NSE:THOMASCOOK) Overvalued in 2026?

Based on GuruFocus' analysis, Thomas Cook India stock appears to be undervalued. The current stock price of ₹97.88 is trading 46.2% below its estimated GF Value™ of ₹181.95. GuruFocus considers Thomas Cook India to be Possible Value Trap.

Key valuation signals for NSE:THOMASCOOK:

  • Cyclically Adjusted PB Ratio: 0.88 (13% above median its 10-year median of 0.78)
  • GF Value™: ₹181.95 vs. price of ₹97.88 (46.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 26.7% below the Travel & Leisure median (#254 of 647)

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


Thomas Cook India Business Description

Other Exchanges 500413:India
Address N.M. Joshi Marg, 11th & 13th Floor, Marathon Futurex Building, A Wing, Lower Parel East, Mumbai, MH, IND, 400013
Thomas Cook India Ltd is a travel and tourism company domiciled in India. The company's segment includes Financial Services, Travel and related services, and Leisure hospitality & resorts business. It generates maximum revenue from the Travel and related services segment. Travel and related services include tour operations, travel management, visa services, and travel insurance and related services.
64GF Score

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

₹97.88
Price
₹181.95
GF Value