Ugro Capital (NSE:UGROCAP) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:UGROCAP Ugro Capital Ltd NSE:UGROCAP
75 GF Score
Price ₹88.08
GF Value ₹210.99
Valuation Possible Value Trap
! 6 Warning Signs
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What is Ugro Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ugro Capital  (NSE:UGROCAP) 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.


Ugro Capital Cyclically Adjusted PB Ratio Related Terms


Ugro Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ugro Capital'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.

Ugro Capital Cyclically Adjusted PB Ratio Chart

Ugro Capital 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 1.16 0.92 1.29 0.88 0.41

Ugro Capital 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 0.89 0.00 0.41 0.00

NSE:UGROCAP vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Ugro Capital'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.


Ugro Capital Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Ugro Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:UGROCAP
75GF Score
Ugro Capital Ltd NSE:UGROCAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ugro Capital 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.

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

For example, Ugro Capital'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.

Ugro Capital Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.442 105.961 109.678
201612 0.000 105.196 0.000
201703 71.023 105.196 112.991
201706 0.000 107.109 0.000
201709 72.334 109.021 111.039
201712 0.000 109.404 0.000
201803 85.194 109.786 129.869
201806 0.000 111.317 0.000
201809 403.983 115.142 587.184
201812 0.000 115.142 0.000
201903 343.998 118.202 487.052
201906 0.000 120.880 0.000
201909 142.493 123.175 193.605
201912 0.000 126.235 0.000
202003 128.036 124.705 171.827
202006 0.000 127.000 0.000
202009 131.147 130.118 168.681
202012 0.000 130.889 0.000
202103 132.331 131.771 168.069
202106 0.000 134.084 0.000
202109 133.149 135.847 164.033
202112 0.000 138.161 0.000
202203 134.236 138.822 161.829
202206 0.000 142.347 0.000
202209 134.990 144.661 156.169
202212 0.000 145.763 0.000
202303 139.103 146.865 158.513
202306 0.000 150.280 0.000
202309 147.217 151.492 162.635
202312 0.000 152.924 0.000
202403 153.888 153.035 168.291
202406 0.000 155.789 0.000
202409 209.088 157.882 221.636
202412 0.000 158.323 0.000
202503 218.098 157.552 231.672
202506 0.000 159.755 0.000
202509 179.268 162.289 184.866
202512 0.000 163.281 0.000
202603 190.165 164.272 193.736
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 Ugro Capital (NSE:UGROCAP) Overvalued in 2026?

Based on GuruFocus' analysis, Ugro Capital stock appears to be undervalued. The current stock price of ₹88.08 is trading 58.3% below its estimated GF Value™ of ₹210.99. GuruFocus considers Ugro Capital to be Possible Value Trap.

Key valuation signals for NSE:UGROCAP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹210.99 vs. price of ₹88.08 (58.3% below fair value)
  • GF Score™: 75/100 with 6 warning signs

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


Ugro Capital Business Description

Other Exchanges 511742:India
Address Phoenix Market City, B-17, Fourth Floor, Art Guild House, Kurla (West), Mumbai, MH, IND, 400070
Ugro Capital Ltd is a india based company, along with its subsidiarires engaged in the business of lending and deals in financing MSME sector with focus on Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment & Components, Auto Components, and Light Engineering, Enterprise Mortgage Loans, School Funding Program, Machinery and Equipment Financing, Supply Chain Finance, NBFC Onward Lending and operates a fintech platform which forms part of the embedded finance ecosystem. The Group operates in a single segment, i.e., financing. It operates solely in India.
75GF Score

Get the complete analysis for NSE:UGROCAP

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

₹88.08
Price
₹210.99
GF Value