Vadilal Industries (NSE:VADILALIND) Cyclically Adjusted PB Ratio: 11.82 (As of Aug. 05, 2026) — 32% Above Median

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NSE:VADILALIND Vadilal Industries Ltd NSE:VADILALIND
82 GF Score
Price ₹7,294.50
GF Value ₹5,407.01
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Vadilal Industries Cyclically Adjusted PB Ratio?

Vadilal Industries NSE:VADILALIND -0.84% 82 Cyclically Adjusted PB Ratio is 11.82 as of Aug. 05, 2026, which is 32% above its 10-year median of 8.93. GuruFocus rates NSE:VADILALIND with a GF Score™ of 82/100 and a GF Value™ of ₹5,407.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,421 Consumer Packaged Goods companies, Vadilal Industries ranks worse than 96.27% on this metric.

As of today (2026-08-05), Vadilal Industries's current share price is ₹7294.50. Vadilal Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹616.94. Vadilal Industries's Cyclically Adjusted PB Ratio for today is 11.82.

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

NSE:VADILALIND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.37   Med: 8.93   Max: 14.1
Current: 10.85

During the past years, Vadilal Industries's highest Cyclically Adjusted PB Ratio was 14.10. The lowest was 5.37. And the median was 8.93.

NSE:VADILALIND's Cyclically Adjusted PB Ratio is ranked worse than
96.27% of 1421 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs NSE:VADILALIND: 10.85

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.

Vadilal Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₹1,182.958. 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 ₹616.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vadilal Industries  (NSE:VADILALIND) 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.


Vadilal Industries Cyclically Adjusted PB Ratio Related Terms


Vadilal Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vadilal Industries'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.

Vadilal Industries Cyclically Adjusted PB Ratio Chart

Vadilal Industries 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 6.54 10.13 9.48 6.63

Vadilal Industries 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 9.48 0.00 9.78 0.00 6.63

NSE:VADILALIND vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Vadilal Industries'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.


Vadilal Industries Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


NSE:VADILALIND
82GF Score
Vadilal Industries Ltd NSE:VADILALIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vadilal Industries 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.

Vadilal Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7294.50/616.94
=11.82

* 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.

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

For example, Vadilal Industries'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)
=1182.958/164.2724*164.2724
=1,182.958

Current CPI (Mar. 2026) = 164.2724.

Vadilal Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 223.766 105.196 349.429
201706 0.000 107.109 0.000
201709 257.010 109.021 387.260
201712 0.000 109.404 0.000
201803 243.850 109.786 364.871
201806 0.000 111.317 0.000
201809 301.210 115.142 429.735
201812 0.000 115.142 0.000
201903 288.474 118.202 400.909
201906 0.000 120.880 0.000
201909 370.624 123.175 494.283
201912 0.000 126.235 0.000
202003 343.697 124.705 452.748
202006 0.000 127.000 0.000
202009 327.793 130.118 413.835
202012 0.000 130.889 0.000
202103 349.294 131.771 435.449
202106 0.000 134.084 0.000
202109 385.205 135.847 465.807
202112 0.000 138.161 0.000
202203 413.663 138.822 489.501
202206 0.000 142.347 0.000
202209 528.240 144.661 599.852
202212 0.000 145.763 0.000
202303 552.685 146.865 618.195
202306 0.000 150.280 0.000
202309 703.909 151.492 763.293
202312 0.000 152.924 0.000
202403 754.480 153.035 809.884
202406 0.000 155.789 0.000
202409 915.150 157.882 952.190
202412 0.000 158.323 0.000
202503 967.321 157.552 1,008.584
202506 0.000 159.755 0.000
202509 1,092.195 162.289 1,105.542
202512 0.000 163.281 0.000
202603 1,182.958 164.272 1,182.958

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 11.82 mean?
Vadilal Industries (NSE:VADILALIND) has a Cyclically Adjusted PB Ratio of 11.82 as of Aug. 05, 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 Vadilal Industries and its competitors. This is 32% above median its historical median of 8.93. Over the past decade, Vadilal Industries' Cyclically Adjusted PB Ratio has ranged from 5.37 to 14.10. According to the industry distribution chart, Vadilal Industries ranks #1368 out of 1421 companies in the Consumer Packaged Goods industry, placing it in the top 96.3%.
Is Vadilal Industries' Cyclically Adjusted PB Ratio too high?
Vadilal Industries' current Cyclically Adjusted PB Ratio of 11.82 is 32% above median its 10-year median of 8.93. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 14.10. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Vadilal Industries' value of 11.82 is 845.6% above this industry median. Based on the distribution chart, Vadilal Industries ranks #1368 out of 1421 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Vadilal Industries has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vadilal Industries' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Vadilal Industries ranks #1368 out of 1421 companies for Cyclically Adjusted PB Ratio. This places Vadilal Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Vadilal Industries' value of 11.82 is 845.6% above this benchmark. Historically, Vadilal Industries' own Cyclically Adjusted PB Ratio has ranged from 5.37 to 14.10 over the past decade. While the company's 10-year median is 8.93 vs. the industry median of 1.25, Vadilal Industries 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 1.25, based on 1,421 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. Vadilal Industries's current Cyclically Adjusted PB Ratio of 11.82 is 845.6% 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 Vadilal Industries and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vadilal Industries's current Cyclically Adjusted PB Ratio is 11.82, which is 32% above median its own 10-year median of 8.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vadilal Industries stock overvalued right now?
Based on GuruFocus' analysis, Vadilal Industries (NSE:VADILALIND) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5,407.01, compared to a current price of ₹7,294.50 — trading 34.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.82, which is 32% above median its 10-year median of 8.93 and 845.6% above the Consumer Packaged Goods industry median of 1.25. Vadilal Industries' overall GF Score™ is 82/100 with 5 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 Vadilal Industries (NSE:VADILALIND), the current Cyclically Adjusted PB Ratio is 11.82 as of Aug. 05, 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 Vadilal Industries (NSE:VADILALIND) Overvalued in 2026?

Based on GuruFocus' analysis, Vadilal Industries stock appears to be overvalued. The current stock price of ₹7,294.50 is trading 34.9% above its estimated GF Value™ of ₹5,407.01. GuruFocus considers Vadilal Industries to be Significantly Overvalued.

Key valuation signals for NSE:VADILALIND:

  • Cyclically Adjusted PB Ratio: 11.82 (32% above median its 10-year median of 8.93)
  • GF Value™: ₹5,407.01 vs. price of ₹7,294.50 (34.9% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 845.6% above the Consumer Packaged Goods median (#1368 of 1421)

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


Vadilal Industries Business Description

Other Exchanges 519156:India
Address South Block, Bopal Ambli Road, 2nd Floor, Punishka House, Next to One 42, Opposite Jayantilal Park BRTS stop, Ahmedabad, GJ, IND, 380058
Vadilal Industries Ltd is engaged in the business of manufacturing ice cream, flavored milk, frozen desserts, processed foods, and other dairy products. The company is also engaged in the export of ice cream, dairy products, processed food products such as frozen fruits, vegetables, pulp, ready-to-eat, and ready-to-serve products etc. It is exporting its products to various countries across the globe.
82GF Score

Get the complete analysis for NSE:VADILALIND

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

₹7,294.50
Price
₹5,407.01
GF Value