Unichem Laboratories (NSE:UNICHEMLAB) Cyclically Adjusted PB Ratio: 1.63 (As of Jul. 15, 2026) — Near Median

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NSE:UNICHEMLAB Unichem Laboratories Ltd NSE:UNICHEMLAB
72 GF Score
Price ₹595.10
GF Value ₹677.73
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Unichem Laboratories Cyclically Adjusted PB Ratio?

Unichem Laboratories NSE:UNICHEMLAB +2.37% 72 Cyclically Adjusted PB Ratio is 1.63 as of Jul. 15, 2026, which is 2% above its 10-year median of 1.60. GuruFocus rates NSE:UNICHEMLAB with a GF Score™ of 72/100 and a GF Value™ of ₹677.73 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 759 Drug Manufacturers companies, Unichem Laboratories ranks better than 55.2% on this metric.

As of today (2026-07-15), Unichem Laboratories's current share price is ₹595.10. Unichem Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹364.50. Unichem Laboratories's Cyclically Adjusted PB Ratio for today is 1.63.

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

NSE:UNICHEMLAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.6   Max: 2.98
Current: 1.6

During the past years, Unichem Laboratories's highest Cyclically Adjusted PB Ratio was 2.98. The lowest was 0.82. And the median was 1.60.

NSE:UNICHEMLAB's Cyclically Adjusted PB Ratio is ranked better than
55.2% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.82 vs NSE:UNICHEMLAB: 1.60

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.

Unichem Laboratories's adjusted book value per share data for the three months ended in Mar. 2026 was ₹385.967. 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 ₹364.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Unichem Laboratories  (NSE:UNICHEMLAB) 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.


Unichem Laboratories Cyclically Adjusted PB Ratio Related Terms


Unichem Laboratories Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Unichem Laboratories'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.

Unichem Laboratories Cyclically Adjusted PB Ratio Chart

Unichem Laboratories 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 0.00 2.18 0.81

Unichem Laboratories 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 2.18 0.00 1.35 0.00 0.81

NSE:UNICHEMLAB vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Unichem Laboratories'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.


Unichem Laboratories Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Unichem Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:UNICHEMLAB
72GF Score
Unichem Laboratories Ltd NSE:UNICHEMLAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Unichem Laboratories 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.

Unichem Laboratories's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=595.10/364.50
=1.63

* 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.

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

For example, Unichem Laboratories'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)
=385.967/164.2724*164.2724
=385.967

Current CPI (Mar. 2026) = 164.2724.

Unichem Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201203 73.136 76.889 156.255
201303 80.379 85.687 154.096
201403 90.107 91.425 161.904
201503 97.982 97.163 165.657
201603 105.053 102.518 168.334
201703 117.039 105.196 182.766
201712 393.270 109.404 590.504
201803 381.035 109.786 570.139
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 372.236 118.202 517.318
201906 0.000 120.880 0.000
201909 363.300 123.175 484.515
201912 0.000 126.235 0.000
202003 359.536 124.705 473.612
202006 0.000 127.000 0.000
202009 356.824 130.118 450.486
202012 0.000 130.889 0.000
202103 363.156 131.771 452.730
202106 0.000 134.084 0.000
202109 355.505 135.847 429.893
202112 0.000 138.161 0.000
202203 371.902 138.822 440.084
202206 0.000 142.347 0.000
202209 361.485 144.661 410.491
202212 0.000 145.763 0.000
202303 345.894 146.865 386.893
202306 0.000 150.280 0.000
202309 342.018 151.492 370.872
202312 0.000 152.924 0.000
202403 346.320 153.035 371.752
202406 0.000 155.789 0.000
202409 340.972 157.882 354.773
202412 0.000 158.323 0.000
202503 348.066 157.552 362.913
202506 0.000 159.755 0.000
202509 345.828 162.289 350.054
202512 0.000 163.281 0.000
202603 385.967 164.272 385.967

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 1.63 mean?
Unichem Laboratories (NSE:UNICHEMLAB) has a Cyclically Adjusted PB Ratio of 1.63 as of Jul. 15, 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 Unichem Laboratories and its competitors. This is near median its historical median of 1.60. Over the past decade, Unichem Laboratories' Cyclically Adjusted PB Ratio has ranged from 0.82 to 2.98. According to the industry distribution chart, Unichem Laboratories ranks #340 out of 759 companies in the Drug Manufacturers industry, placing it in the top 44.8%.
Is Unichem Laboratories' Cyclically Adjusted PB Ratio too high?
Unichem Laboratories' current Cyclically Adjusted PB Ratio of 1.63 is near median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.98. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.82. Unichem Laboratories' value of 1.63 is 10.4% below this industry median. Based on the distribution chart, Unichem Laboratories ranks #340 out of 759 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Unichem Laboratories has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Unichem Laboratories' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Unichem Laboratories ranks #340 out of 759 companies for Cyclically Adjusted PB Ratio. This puts Unichem Laboratories in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Unichem Laboratories' value of 1.63 is 10.4% below this benchmark. Historically, Unichem Laboratories' own Cyclically Adjusted PB Ratio has ranged from 0.82 to 2.98 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 1.82, Unichem Laboratories 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.82, based on 759 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. Unichem Laboratories's current Cyclically Adjusted PB Ratio of 1.63 is 10.4% 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 Unichem Laboratories and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unichem Laboratories's current Cyclically Adjusted PB Ratio is 1.63, which is near median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unichem Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Unichem Laboratories (NSE:UNICHEMLAB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹677.73, compared to a current price of ₹595.10 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.63, which is near median its 10-year median of 1.60 and 10.4% below the Drug Manufacturers industry median of 1.82. Unichem Laboratories' 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 Unichem Laboratories (NSE:UNICHEMLAB), the current Cyclically Adjusted PB Ratio is 1.63 as of Jul. 15, 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 Unichem Laboratories (NSE:UNICHEMLAB) Overvalued in 2026?

Based on GuruFocus' analysis, Unichem Laboratories stock appears to be undervalued. The current stock price of ₹595.10 is trading 12.2% below its estimated GF Value™ of ₹677.73. GuruFocus considers Unichem Laboratories to be Modestly Undervalued.

Key valuation signals for NSE:UNICHEMLAB:

  • Cyclically Adjusted PB Ratio: 1.63 (near median its 10-year median of 1.60)
  • GF Value™: ₹677.73 vs. price of ₹595.10 (12.2% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 10.4% below the Drug Manufacturers median (#340 of 759)

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


Unichem Laboratories Business Description

Other Exchanges 506690:India
Address Off. S. V. Road, Unichem Bhavan, Prabhat Estate, Jogeshwari (West), Mumbai, MH, IND, 400 102
Unichem Laboratories Ltd is an India based pharmaceutical company. It manufactures a range of Active Pharmaceutical Ingredients (APIs). The company's products are offered in the areas of gastroenterology, cardiology, diabetology, psychiatry, neurology, anti-bacterial, anti-infectives and pain management. Some of its products include Apixaban, Brimonidine Tartrate, Finofibrate, Glipizide, Piroxicam and others. The company has a market presence with sales in India and outside India, and the majority of the revenue derived from India. Its product categories comprises Formulations and Bulk Drugs and Chemicals.
72GF Score

Get the complete analysis for NSE:UNICHEMLAB

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

₹595.10
Price
₹677.73
GF Value