Varvee Global (NSE:VGL) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:VGL Varvee Global Ltd NSE:VGL
50 GF Score
Price ₹58.98
GF Value ₹56.87
Valuation Fairly Valued
! 3 Warning Signs
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What is Varvee Global Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Varvee Global  (NSE:VGL) 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.


Varvee Global Cyclically Adjusted PB Ratio Related Terms


Varvee Global Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Varvee Global'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.

Varvee Global Cyclically Adjusted PB Ratio Chart

Varvee Global 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 0.17 0.15 0.21 1.41 1.01

Varvee Global 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 1.71 0.00 1.01 0.00

Varvee Global Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Varvee Global'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.


Varvee Global Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Varvee Global's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:VGL
50GF Score
Varvee Global Ltd NSE:VGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Varvee Global 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.

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

For example, Varvee Global'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.

Varvee Global Quarterly Data

Book Value per Share CPI Adj_Book
201609 59.323 105.961 93.696
201612 0.000 105.196 0.000
201703 57.048 105.196 90.758
201706 0.000 107.109 0.000
201709 57.344 109.021 88.028
201712 0.000 109.404 0.000
201803 57.905 109.786 88.270
201806 0.000 111.317 0.000
201809 57.984 115.142 84.279
201812 0.000 115.142 0.000
201903 58.211 118.202 82.418
201906 0.000 120.880 0.000
201909 49.342 123.175 67.041
201912 0.000 126.235 0.000
202003 49.230 124.705 66.068
202006 0.000 127.000 0.000
202009 41.428 130.118 53.285
202012 0.000 130.889 0.000
202103 35.727 131.771 45.376
202106 0.000 134.084 0.000
202109 32.484 135.847 40.019
202112 0.000 138.161 0.000
202203 26.926 138.822 32.461
202206 0.000 142.347 0.000
202209 21.086 144.661 24.394
202212 0.000 145.763 0.000
202303 13.087 146.865 14.913
202306 0.000 150.280 0.000
202309 6.360 151.492 7.026
202312 0.000 152.924 0.000
202403 3.665 153.035 4.008
202406 0.000 155.789 0.000
202409 10.241 157.882 10.856
202412 0.000 158.323 0.000
202503 7.618 157.552 8.092
202506 0.000 159.755 0.000
202509 19.885 162.289 20.506
202512 0.000 163.281 0.000
202603 14.945 164.272 15.226
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 Varvee Global (NSE:VGL) Overvalued in 2026?

Based on GuruFocus' analysis, Varvee Global stock appears to be overvalued. The current stock price of ₹58.98 is trading 3.7% above its estimated GF Value™ of ₹56.87. GuruFocus considers Varvee Global to be Fairly Valued.

Key valuation signals for NSE:VGL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹56.87 vs. price of ₹58.98 (3.7% above fair value)
  • GF Score™: 50/100 with 3 warning signs

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


Varvee Global Business Description

Other Exchanges 514274:India
Address 188/2, Ranipur Village, Opposite CNI Church, Narol, Ahmedabad, GJ, IND, 382 405
Varvee Global Ltd is engaged in the manufacturing and selling of denim and non-denim Fabrics. The company caters to both domestic and international markets. Geographically, the company derives a majority of its revenue from India.
50GF Score

Get the complete analysis for NSE:VGL

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

₹58.98
Price
₹56.87
GF Value