Ugar Sugar Works (NSE:UGARSUGAR) Cyclically Adjusted PB Ratio: 3.98 (As of Aug. 08, 2026) — 21% Below Median

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NSE:UGARSUGAR Ugar Sugar Works Ltd NSE:UGARSUGAR
72 GF Score
Price ₹45.00
GF Value ₹72.78
Valuation Possible Value Trap
! 6 Warning Signs
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What is Ugar Sugar Works Cyclically Adjusted PB Ratio?

Ugar Sugar Works NSE:UGARSUGAR -1.60% 72 Cyclically Adjusted PB Ratio is 3.98 as of Aug. 08, 2026, which is 21% below its 10-year median of 5.02. GuruFocus rates NSE:UGARSUGAR with a GF Score™ of 72/100 and a GF Value™ of ₹72.78 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,413 Consumer Packaged Goods companies, Ugar Sugar Works ranks worse than 83.79% on this metric.

As of today (2026-08-08), Ugar Sugar Works's current share price is ₹45.00. Ugar Sugar Works's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹11.30. Ugar Sugar Works's Cyclically Adjusted PB Ratio for today is 3.98.

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

NSE:UGARSUGAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 5.02   Max: 15.33
Current: 3.51

During the past years, Ugar Sugar Works's highest Cyclically Adjusted PB Ratio was 15.33. The lowest was 1.18. And the median was 5.02.

NSE:UGARSUGAR's Cyclically Adjusted PB Ratio is ranked worse than
83.79% of 1413 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs NSE:UGARSUGAR: 3.51

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.

Ugar Sugar Works's adjusted book value per share data for the three months ended in Mar. 2026 was ₹20.772. 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 ₹11.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ugar Sugar Works  (NSE:UGARSUGAR) 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.


Ugar Sugar Works Cyclically Adjusted PB Ratio Related Terms


Ugar Sugar Works Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ugar Sugar Works'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.

Ugar Sugar Works Cyclically Adjusted PB Ratio Chart

Ugar Sugar Works 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 8.16 11.64 7.24 4.61 3.47

Ugar Sugar Works 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 4.61 0.00 3.95 0.00 3.47

NSE:UGARSUGAR vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Ugar Sugar Works'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.


Ugar Sugar Works Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ugar Sugar Works's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:UGARSUGAR
72GF Score
Ugar Sugar Works Ltd NSE:UGARSUGAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ugar Sugar Works 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.

Ugar Sugar Works's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.00/11.30
=3.98

* 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.

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

For example, Ugar Sugar Works'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)
=20.772/164.2724*164.2724
=20.772

Current CPI (Mar. 2026) = 164.2724.

Ugar Sugar Works Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 5.873 105.961 9.105
201612 0.000 105.196 0.000
201703 10.106 105.196 15.781
201706 0.000 107.109 0.000
201709 3.945 109.021 5.944
201712 0.000 109.404 0.000
201803 4.030 109.786 6.030
201806 0.000 111.317 0.000
201809 0.020 115.142 0.029
201812 0.000 115.142 0.000
201903 4.545 118.202 6.316
201906 0.000 120.880 0.000
201909 0.028 123.175 0.037
201912 0.000 126.235 0.000
202003 5.765 124.705 7.594
202006 0.000 127.000 0.000
202009 3.299 130.118 4.165
202012 0.000 130.889 0.000
202103 7.156 131.771 8.921
202106 0.000 134.084 0.000
202109 4.958 135.847 5.995
202112 0.000 138.161 0.000
202203 10.823 138.822 12.807
202206 0.000 142.347 0.000
202209 9.971 144.661 11.323
202212 0.000 145.763 0.000
202303 19.630 146.865 21.957
202306 0.000 150.280 0.000
202309 15.348 151.492 16.643
202312 0.000 152.924 0.000
202403 20.886 153.035 22.420
202406 0.000 155.789 0.000
202409 14.223 157.882 14.799
202412 0.000 158.323 0.000
202503 19.200 157.552 20.019
202506 0.000 159.755 0.000
202509 15.253 162.289 15.439
202512 0.000 163.281 0.000
202603 20.772 164.272 20.772

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 3.98 mean?
Ugar Sugar Works (NSE:UGARSUGAR) has a Cyclically Adjusted PB Ratio of 3.98 as of Aug. 08, 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 Ugar Sugar Works and its competitors. This is 21% below median its historical median of 5.02. Over the past decade, Ugar Sugar Works' Cyclically Adjusted PB Ratio has ranged from 1.18 to 15.33. According to the industry distribution chart, Ugar Sugar Works ranks #1184 out of 1413 companies in the Consumer Packaged Goods industry, placing it in the top 83.8%.
Is Ugar Sugar Works' Cyclically Adjusted PB Ratio too high?
Ugar Sugar Works' current Cyclically Adjusted PB Ratio of 3.98 is 21% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 15.33. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Ugar Sugar Works' value of 3.98 is 221% above this industry median. Based on the distribution chart, Ugar Sugar Works ranks #1184 out of 1413 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ugar Sugar Works has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ugar Sugar Works' Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Ugar Sugar Works ranks #1184 out of 1413 companies for Cyclically Adjusted PB Ratio. This places Ugar Sugar Works in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Ugar Sugar Works' value of 3.98 is 221% above this benchmark. Historically, Ugar Sugar Works' own Cyclically Adjusted PB Ratio has ranged from 1.18 to 15.33 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 1.24, Ugar Sugar Works 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,413 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. Ugar Sugar Works's current Cyclically Adjusted PB Ratio of 3.98 is 221% 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 Ugar Sugar Works and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ugar Sugar Works's current Cyclically Adjusted PB Ratio is 3.98, which is 21% below median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ugar Sugar Works stock overvalued right now?
Based on GuruFocus' analysis, Ugar Sugar Works (NSE:UGARSUGAR) is currently considered Possible Value Trap. The stock's GF Value™ is ₹72.78, compared to a current price of ₹45.00 — trading 38.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.98, which is 21% below median its 10-year median of 5.02 and 221% above the Consumer Packaged Goods industry median of 1.24. Ugar Sugar Works' overall GF Score™ is 72/100 with 6 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 Ugar Sugar Works (NSE:UGARSUGAR), the current Cyclically Adjusted PB Ratio is 3.98 as of Aug. 08, 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 Ugar Sugar Works (NSE:UGARSUGAR) Overvalued in 2026?

Based on GuruFocus' analysis, Ugar Sugar Works stock appears to be undervalued. The current stock price of ₹45.00 is trading 38.2% below its estimated GF Value™ of ₹72.78. GuruFocus considers Ugar Sugar Works to be Possible Value Trap.

Key valuation signals for NSE:UGARSUGAR:

  • Cyclically Adjusted PB Ratio: 3.98 (21% below median its 10-year median of 5.02)
  • GF Value™: ₹72.78 vs. price of ₹45.00 (38.2% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 221% above the Consumer Packaged Goods median (#1184 of 1413)

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


Ugar Sugar Works Business Description

Other Exchanges 530363:India
Address Ugar Khurd, District Belagavi, Ugar Khurd, KA, IND, 591316
Ugar Sugar Works Ltd is engaged in the manufacturing and sale of sugar. The company's reportable segment include Sugar, Electricity, Petrol Pump, Industrial Alcohol and Potable Alcohol. It generates maximum revenue from the Sugar segment. Geographically, the company operates only in India.
72GF Score

Get the complete analysis for NSE:UGARSUGAR

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

₹45.00
Price
₹72.78
GF Value