VIP Clothing (NSE:VIPCLOTHNG) Cyclically Adjusted PB Ratio: 1.09 (As of Jul. 01, 2026) — 27% Below Median


NSE:VIPCLOTHNG VIP Clothing Ltd NSE:VIPCLOTHNG
61 GF Score
Price ₹24.99
GF Value ₹45.24
Valuation Significantly Undervalued
! 4 Warning Signs
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What is VIP Clothing Cyclically Adjusted PB Ratio?

VIP Clothing NSE:VIPCLOTHNG +0.12% 61 Cyclically Adjusted PB Ratio is 1.09 as of Jul. 01, 2026, which is 27% below its 10-year median of 1.50. GuruFocus rates NSE:VIPCLOTHNG with a GF Score™ of 61/100 and a GF Value™ of ₹45.24 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 882 Manufacturing - Apparel & Accessories companies, VIP Clothing ranks worse than 52.61% on this metric.

As of today (2026-07-01), VIP Clothing's current share price is ₹24.99. VIP Clothing's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹22.99. VIP Clothing's Cyclically Adjusted PB Ratio for today is 1.09.

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

NSE:VIPCLOTHNG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 1.5   Max: 2.5
Current: 1.08

During the past years, VIP Clothing's highest Cyclically Adjusted PB Ratio was 2.50. The lowest was 0.34. And the median was 1.50.

NSE:VIPCLOTHNG's Cyclically Adjusted PB Ratio is ranked worse than
52.61% of 882 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1 vs NSE:VIPCLOTHNG: 1.08

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.

VIP Clothing's adjusted book value per share data for the three months ended in Mar. 2026 was ₹21.566. 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 ₹22.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VIP Clothing  (NSE:VIPCLOTHNG) 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.


VIP Clothing Cyclically Adjusted PB Ratio Related Terms


VIP Clothing Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VIP Clothing'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.

VIP Clothing Cyclically Adjusted PB Ratio Chart

VIP Clothing 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 1.02 1.81 1.57 1.23 0.64

VIP Clothing 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 1.23 0.00 1.43 0.00 0.64

NSE:VIPCLOTHNG vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, VIP Clothing'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.


VIP Clothing Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


NSE:VIPCLOTHNG
61GF Score
VIP Clothing Ltd NSE:VIPCLOTHNG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VIP Clothing 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.

VIP Clothing's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.99/22.99
=1.09

* 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.

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

For example, VIP Clothing'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)
=21.566/164.2724*164.2724
=21.566

Current CPI (Mar. 2026) = 164.2724.

VIP Clothing Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 11.706 105.961 18.148
201612 0.000 105.196 0.000
201703 20.860 105.196 32.575
201706 0.000 107.109 0.000
201709 21.066 109.021 31.742
201712 0.000 109.404 0.000
201803 19.190 109.786 28.714
201806 0.000 111.317 0.000
201809 23.290 115.142 33.228
201812 0.000 115.142 0.000
201903 18.378 118.202 25.541
201906 0.000 120.880 0.000
201909 23.956 123.175 31.949
201912 0.000 126.235 0.000
202003 16.537 124.705 21.784
202006 0.000 127.000 0.000
202009 15.883 130.118 20.052
202012 0.000 130.889 0.000
202103 16.351 131.771 20.384
202106 0.000 134.084 0.000
202109 16.124 135.847 19.498
202112 0.000 138.161 0.000
202203 16.150 138.822 19.111
202206 0.000 142.347 0.000
202209 16.079 144.661 18.259
202212 0.000 145.763 0.000
202303 18.303 146.865 20.472
202306 0.000 150.280 0.000
202309 18.053 151.492 19.576
202312 0.000 152.924 0.000
202403 16.747 153.035 17.977
202406 0.000 155.789 0.000
202409 20.854 157.882 21.698
202412 0.000 158.323 0.000
202503 20.477 157.552 21.350
202506 0.000 159.755 0.000
202509 20.975 162.289 21.231
202512 0.000 163.281 0.000
202603 21.566 164.272 21.566

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 1.09 mean?
VIP Clothing (NSE:VIPCLOTHNG) has a Cyclically Adjusted PB Ratio of 1.09 as of Jul. 01, 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 VIP Clothing and its competitors. This is 27% below median its historical median of 1.50. Over the past decade, VIP Clothing's Cyclically Adjusted PB Ratio has ranged from 0.34 to 2.50. According to the industry distribution chart, VIP Clothing ranks #464 out of 882 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 52.6%.
Is VIP Clothing's Cyclically Adjusted PB Ratio too high?
VIP Clothing's current Cyclically Adjusted PB Ratio of 1.09 is 27% below median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 2.50. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.00. VIP Clothing's value of 1.09 is 9% above this industry median. Based on the distribution chart, VIP Clothing ranks #464 out of 882 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, VIP Clothing has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Clothing's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VIP Clothing ranks #464 out of 882 companies for Cyclically Adjusted PB Ratio. This places VIP Clothing in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. VIP Clothing's value of 1.09 is 9% above this benchmark. Historically, VIP Clothing's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 2.50 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.00, VIP Clothing 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.00, based on 882 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. VIP Clothing's current Cyclically Adjusted PB Ratio of 1.09 is 9% 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 VIP Clothing and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Clothing's current Cyclically Adjusted PB Ratio is 1.09, which is 27% below median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Clothing stock overvalued right now?
Based on GuruFocus' analysis, VIP Clothing (NSE:VIPCLOTHNG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹45.24, compared to a current price of ₹24.99 — trading 44.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 27% below median its 10-year median of 1.50 and 9% above the Manufacturing - Apparel & Accessories industry median of 1.00. VIP Clothing's overall GF Score™ is 61/100 with 4 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 VIP Clothing (NSE:VIPCLOTHNG), the current Cyclically Adjusted PB Ratio is 1.09 as of Jul. 01, 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 VIP Clothing (NSE:VIPCLOTHNG) Overvalued in 2026?

Based on GuruFocus' analysis, VIP Clothing stock appears to be undervalued. The current stock price of ₹24.99 is trading 44.8% below its estimated GF Value™ of ₹45.24. GuruFocus considers VIP Clothing to be Significantly Undervalued.

Key valuation signals for NSE:VIPCLOTHNG:

  • Cyclically Adjusted PB Ratio: 1.09 (27% below median its 10-year median of 1.50)
  • GF Value™: ₹45.24 vs. price of ₹24.99 (44.8% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 9% above the Manufacturing - Apparel & Accessories median (#464 of 882)

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


VIP Clothing Business Description

Other Exchanges 532613:India
Address C-6, Road No. 22, MIDC, Andheri (East), Mumbai, MH, IND, 400 093
VIP Clothing Ltd is an Indian company which is active in manufacturing innerwear and socks under the brand VIP Inners, Frenchie, Frenchie X, VIP Leader, and VIP Feelings and all of their sub-brands for men and women. The company has one operating segment, namely Hosiery and others. Geographically the company generates the majority of their revenue within India.
61GF Score

Get the complete analysis for NSE:VIPCLOTHNG

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

₹24.99
Price
₹45.24
GF Value