V-Mart Retail (NSE:VMART) Cyclically Adjusted PB Ratio: 8.25 (As of Jul. 12, 2026) — 14% Below Median


NSE:VMART V-Mart Retail Ltd NSE:VMART
89 GF Score
Price ₹777.85
GF Value ₹894.55
Valuation Modestly Undervalued
! 2 Warning Signs
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What is V-Mart Retail Cyclically Adjusted PB Ratio?

V-Mart Retail NSE:VMART -0.22% 89 Cyclically Adjusted PB Ratio is 8.25 as of Jul. 12, 2026, which is 14% below its 10-year median of 9.55. GuruFocus rates NSE:VMART with a GF Score™ of 89/100 and a GF Value™ of ₹894.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 809 Retail - Cyclical companies, V-Mart Retail ranks worse than 92.09% on this metric.

As of today (2026-07-12), V-Mart Retail's current share price is ₹777.85. V-Mart Retail's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹94.26. V-Mart Retail's Cyclically Adjusted PB Ratio for today is 8.25.

The historical rank and industry rank for V-Mart Retail's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:VMART' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.76   Med: 9.55   Max: 20.66
Current: 8.29

During the past years, V-Mart Retail's highest Cyclically Adjusted PB Ratio was 20.66. The lowest was 5.76. And the median was 9.55.

NSE:VMART's Cyclically Adjusted PB Ratio is ranked worse than
92.09% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs NSE:VMART: 8.29

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.

V-Mart Retail's adjusted book value per share data for the three months ended in Mar. 2026 was ₹119.698. 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 ₹94.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


V-Mart Retail  (NSE:VMART) 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.


V-Mart Retail Cyclically Adjusted PB Ratio Related Terms


V-Mart Retail Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for V-Mart Retail'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.

V-Mart Retail Cyclically Adjusted PB Ratio Chart

V-Mart Retail 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 17.01 7.95 7.04 8.68 5.06

V-Mart Retail 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 8.68 0.00 7.95 0.00 5.06

NSE:VMART vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, V-Mart Retail'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.


V-Mart Retail Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, V-Mart Retail's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where V-Mart Retail's Cyclically Adjusted PB Ratio falls into.


NSE:VMART
89GF Score
V-Mart Retail Ltd NSE:VMART
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

V-Mart Retail 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.

V-Mart Retail's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=777.85/94.26
=8.25

* 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.

V-Mart Retail's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, V-Mart Retail'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)
=119.698/164.2724*164.2724
=119.698

Current CPI (Mar. 2026) = 164.2724.

V-Mart Retail Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 33.146 105.961 51.387
201612 0.000 105.196 0.000
201703 37.364 105.196 58.347
201706 0.000 107.109 0.000
201709 40.582 109.021 61.149
201712 0.000 109.404 0.000
201803 47.996 109.786 71.816
201806 0.000 111.317 0.000
201809 50.654 115.142 72.268
201812 0.000 115.142 0.000
201903 56.436 118.202 78.432
201906 0.000 120.880 0.000
201909 56.134 123.175 74.863
201912 0.000 126.235 0.000
202003 63.195 124.705 83.246
202006 0.000 127.000 0.000
202009 56.057 130.118 70.771
202012 0.000 130.889 0.000
202103 104.691 131.771 130.514
202106 0.000 134.084 0.000
202109 100.090 135.847 121.033
202112 0.000 138.161 0.000
202203 107.549 138.822 127.266
202206 0.000 142.347 0.000
202209 108.756 144.661 123.500
202212 0.000 145.763 0.000
202303 107.346 146.865 120.070
202306 0.000 150.280 0.000
202309 96.450 151.492 104.587
202312 0.000 152.924 0.000
202403 94.428 153.035 101.362
202406 0.000 155.789 0.000
202409 89.386 157.882 93.004
202412 0.000 158.323 0.000
202503 102.298 157.552 106.662
202506 0.000 159.755 0.000
202509 106.535 162.289 107.837
202512 0.000 163.281 0.000
202603 119.698 164.272 119.698

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 8.25 mean?
V-Mart Retail (NSE:VMART) has a Cyclically Adjusted PB Ratio of 8.25 as of Jul. 12, 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 V-Mart Retail and its competitors. This is 14% below median its historical median of 9.55. Over the past decade, V-Mart Retail's Cyclically Adjusted PB Ratio has ranged from 5.76 to 20.66. According to the industry distribution chart, V-Mart Retail ranks #745 out of 809 companies in the Retail - Cyclical industry, placing it in the top 92.1%.
Is V-Mart Retail's Cyclically Adjusted PB Ratio too high?
V-Mart Retail's current Cyclically Adjusted PB Ratio of 8.25 is 14% below median its 10-year median of 9.55. Over the past 10 years, this metric has ranged from a low of 5.76 to a high of 20.66. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. V-Mart Retail's value of 8.25 is 560% above this industry median. Based on the distribution chart, V-Mart Retail ranks #745 out of 809 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, V-Mart Retail has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V-Mart Retail's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, V-Mart Retail ranks #745 out of 809 companies for Cyclically Adjusted PB Ratio. This places V-Mart Retail in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. V-Mart Retail's value of 8.25 is 560% above this benchmark. Historically, V-Mart Retail's own Cyclically Adjusted PB Ratio has ranged from 5.76 to 20.66 over the past decade. While the company's 10-year median is 9.55 vs. the industry median of 1.25, V-Mart Retail 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 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. V-Mart Retail's current Cyclically Adjusted PB Ratio of 8.25 is 560% 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 V-Mart Retail and its competitors. For the Retail - Cyclical 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. V-Mart Retail's current Cyclically Adjusted PB Ratio is 8.25, which is 14% below median its own 10-year median of 9.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Mart Retail stock overvalued right now?
Based on GuruFocus' analysis, V-Mart Retail (NSE:VMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹894.55, compared to a current price of ₹777.85 — trading 13% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.25, which is 14% below median its 10-year median of 9.55 and 560% above the Retail - Cyclical industry median of 1.25. V-Mart Retail's overall GF Score™ is 89/100 with 2 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 V-Mart Retail (NSE:VMART), the current Cyclically Adjusted PB Ratio is 8.25 as of Jul. 12, 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 V-Mart Retail (NSE:VMART) Overvalued in 2026?

Based on GuruFocus' analysis, V-Mart Retail stock appears to be undervalued. The current stock price of ₹777.85 is trading 13% below its estimated GF Value™ of ₹894.55. GuruFocus considers V-Mart Retail to be Modestly Undervalued.

Key valuation signals for NSE:VMART:

  • Cyclically Adjusted PB Ratio: 8.25 (14% below median its 10-year median of 9.55)
  • GF Value™: ₹894.55 vs. price of ₹777.85 (13% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 560% above the Retail - Cyclical median (#745 of 809)

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


V-Mart Retail Business Description

Other Exchanges 534976:India
Address Industrial Area, Phase - V, Plot No. 862, Udyog Vihar, Gurugram, HR, IND, 122016
V-Mart Retail Ltd is engaged in the retailing of readymade garments, accessories, and other products. It is involved in the business of Value Retailing through the chain of stores situated in various cities in India. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. The company's general merchandise includes Footwear, Home furnishing, Kitchenware, Toys and games, Bags and luggage, and Crockery. The company has two segments: Retail Trade, which includes domestic sales to customers at stores; and the Digital Marketplace segment includes commission and other income by providing Limeroad platform to vendors. It generates a majority of its revenue from the Retail Trade segment.
89GF Score

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

₹777.85
Price
₹894.55
GF Value