Trident (NSE:TRIDENT) Cyclically Adjusted PB Ratio: (As of Aug. 22, 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.
Reviewed by: Charlie Tian Charlie Tian
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:TRIDENT Trident Ltd NSE:TRIDENT
82 GF Score
Price ₹24.39
GF Value ₹32.52
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Trident Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trident  (NSE:TRIDENT) 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.


Trident Cyclically Adjusted PB Ratio Related Terms


Trident Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trident'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.

Trident Cyclically Adjusted PB Ratio Chart

Trident 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 0.00 5.29 3.26 2.76

Trident 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 3.59 0.00 2.76 0.00

Trident Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Trident'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.


Trident Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Trident's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:TRIDENT
82GF Score
Trident Ltd NSE:TRIDENT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trident 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.

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

For example, Trident'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.

Trident Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 2.272 85.687 4.437
201403 2.983 91.425 5.461
201503 4.329 97.163 7.456
201603 4.783 102.518 7.808
201703 4.984 105.196 7.929
201803 5.350 109.786 8.155
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 5.968 118.202 8.450
201906 0.000 120.880 0.000
201909 6.161 123.175 8.371
201912 0.000 126.235 0.000
202003 6.068 124.705 8.143
202006 0.000 127.000 0.000
202009 6.287 130.118 8.086
202012 0.000 130.889 0.000
202103 6.531 131.771 8.295
202106 0.000 134.084 0.000
202109 7.045 135.847 8.679
202112 0.000 138.161 0.000
202203 7.682 138.822 9.261
202206 0.000 142.347 0.000
202209 7.611 144.661 8.805
202212 0.000 145.763 0.000
202303 8.332 146.865 9.495
202306 0.000 150.280 0.000
202309 8.248 151.492 9.112
202312 0.000 152.924 0.000
202403 8.576 153.035 9.379
202406 0.000 155.789 0.000
202409 8.517 157.882 9.028
202412 0.000 158.323 0.000
202503 9.096 157.552 9.662
202506 0.000 159.755 0.000
202509 9.065 162.289 9.348
202512 0.000 163.281 0.000
202603 9.364 164.272 9.540
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 Trident (NSE:TRIDENT) Overvalued in 2026?

Based on GuruFocus' analysis, Trident stock appears to be undervalued. The current stock price of ₹24.39 is trading 25% below its estimated GF Value™ of ₹32.52. GuruFocus considers Trident to be Modestly Undervalued.

Key valuation signals for NSE:TRIDENT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹32.52 vs. price of ₹24.39 (25% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Trident Business Description

Other Exchanges 521064:India
Address Trident Group, Sanghera, Barnala, PB, IND, 148101
Trident Ltd is a terry towel and wheat straw-based manufacturer in India. The company through its subsidiaries operates through the below segments: Yarn, Towel, Bedsheets, and Paper & Chemicals. The firm generates a majority of its revenue from the Yarn segment. The group offers products such as solid bath sets, beach towels, embroidered towels, bath mats, bathrobes, duvet covers, cushion covers, blended yarn, drawing paper under Trident Spectra, Trident My Choice, Trident Digi Print, Trident Royal Touch, Trident Eco Green, and Trident Natural brands. The geographical segments of the company include India, the USA, and the Rest of the world.
82GF Score

Get the complete analysis for NSE:TRIDENT

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

₹24.39
Price
₹32.52
GF Value