Vadilal Industries (NSE:VADILALIND) Cyclically Adjusted PB Ratio: 11.90 (As of Sep. 22, 2026) — 39% Above Median

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NSE:VADILALIND Vadilal Industries Ltd NSE:VADILALIND
86 GF Score
Price ₹7,415.00
GF Value ₹6,236.65
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Vadilal Industries Cyclically Adjusted PB Ratio?

Vadilal Industries NSE:VADILALIND +3.68% 86 Cyclically Adjusted PB Ratio is 11.90 as of Sep. 22, 2026, which is 39% above its 10-year median of 8.58. GuruFocus rates NSE:VADILALIND with a GF Score™ of 86/100 and a GF Value™ of ₹6,236.65 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,268 Consumer Packaged Goods companies, Vadilal Industries ranks worse than 78864.27% on this metric.

As of today (2026-09-22), Vadilal Industries's current share price is ₹7415.00. Vadilal Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹623.30. Vadilal Industries's Cyclically Adjusted PB Ratio for today is 11.90.

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

During the past years, Vadilal Industries's highest Cyclically Adjusted PB Ratio was 14.10. The lowest was 5.37. And the median was 8.58.

NSE:VADILALIND's Cyclically Adjusted PB Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.245
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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 Jun. 2026 was ₹0.000. 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 ₹623.30 for the trailing ten years ended in Jun. 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 4.59 6.22 10.41 9.18 6.69

Vadilal Industries 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 10.92 10.42 9.51 6.69 10.09

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
86GF Score
Vadilal Industries Ltd NSE:VADILALIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=7415.00/623.301
=11.90

* 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 Jun. 2026 is calculated as:

For example, Vadilal Industries'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Vadilal Industries Quarterly Data

Book Value per Share CPI Adj_Book
201503 157.942 97.163 272.046
201603 176.806 102.518 288.629
201703 202.808 105.196 322.649
201706 107.109 0.000
201709 257.464 109.021 395.230
201712 109.404 0.000
201803 244.300 109.786 372.408
201806 111.317 0.000
201809 301.668 115.142 438.471
201812 115.142 0.000
201903 288.927 118.202 409.079
201906 120.880 0.000
201909 371.083 123.175 504.189
201912 126.235 0.000
202003 344.145 124.705 461.851
202006 127.000 0.000
202009 328.238 130.118 422.179
202012 130.889 0.000
202103 349.736 131.771 444.188
202106 134.084 0.000
202109 385.649 135.847 475.102
202112 138.161 0.000
202203 414.105 138.822 499.226
202206 142.347 0.000
202209 528.687 144.661 611.634
202212 145.763 0.000
202303 553.129 146.865 630.310
202306 150.280 0.000
202309 704.357 151.492 778.122
202312 152.924 0.000
202403 754.929 153.035 825.584
202406 155.789 0.000
202409 915.617 157.882 970.567
202412 158.323 0.000
202503 967.775 157.552 1,028.007
202506 159.755 0.000
202509 1,092.666 162.289 1,126.789
202512 163.281 0.000
202603 1,183.431 164.272 1,205.655
202606 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.

What does a Cyclically Adjusted PB Ratio of 11.90 mean?
Vadilal Industries (NSE:VADILALIND) has a Cyclically Adjusted PB Ratio of 11.90 as of Sep. 22, 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 39% above median its historical median of 8.58. 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 #999999 out of 1268 companies in the Consumer Packaged Goods industry.
Is Vadilal Industries' Cyclically Adjusted PB Ratio too high?
Vadilal Industries' current Cyclically Adjusted PB Ratio of 11.90 is 39% above median its 10-year median of 8.58. 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 11.90 is 855.8% above this industry median. Based on the distribution chart, Vadilal Industries ranks #999999 out of 1268 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Vadilal Industries has a GF Score™ of 86/100 and is considered Modestly 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 #999999 out of 1268 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 11.90 is 855.8% 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 8.58 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 1,268 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 11.90 is 855.8% 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 11.90, which is 39% above median its own 10-year median of 8.58. 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 Modestly Overvalued. The stock's GF Value™ is ₹6,236.65, compared to a current price of ₹7,415.00 — trading 18.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.90, which is 39% above median its 10-year median of 8.58 and 855.8% above the Consumer Packaged Goods industry median of 1.25. Vadilal Industries' overall GF Score™ is 86/100 with 1 warning sign 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 11.90 as of Sep. 22, 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 ₹7,415.00 is trading 18.9% above its estimated GF Value™ of ₹6,236.65. GuruFocus considers Vadilal Industries to be Modestly Overvalued.

Key valuation signals for NSE:VADILALIND:

  • Cyclically Adjusted PB Ratio: 11.90 (39% above median its 10-year median of 8.58)
  • GF Value™: ₹6,236.65 vs. price of ₹7,415.00 (18.9% above fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 855.8% above the Consumer Packaged Goods median (#999999 of 1268)

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.
86GF 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.

₹7,415.00
Price
₹6,236.65
GF Value