V-Mart Retail (NSE:VMART) Cyclically Adjusted PB Ratio: (As of Jul. 27, 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:VMART V-Mart Retail Ltd NSE:VMART
93 GF Score
Price ₹724.65
GF Value ₹898.82
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is V-Mart Retail Cyclically Adjusted PB Ratio?

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
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 7.95 0.00 5.06 0.00

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
93GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, V-Mart Retail'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

V-Mart Retail Quarterly Data

Book Value per Share CPI Adj_Book
201609 33.146 105.961 51.972
201612 0.000 105.196 0.000
201703 37.364 105.196 59.012
201706 0.000 107.109 0.000
201709 40.582 109.021 61.846
201712 0.000 109.404 0.000
201803 47.996 109.786 72.635
201806 0.000 111.317 0.000
201809 50.654 115.142 73.092
201812 0.000 115.142 0.000
201903 56.436 118.202 79.327
201906 0.000 120.880 0.000
201909 56.134 123.175 75.717
201912 0.000 126.235 0.000
202003 63.195 124.705 84.195
202006 0.000 127.000 0.000
202009 56.057 130.118 71.578
202012 0.000 130.889 0.000
202103 104.691 131.771 132.002
202106 0.000 134.084 0.000
202109 100.090 135.847 122.413
202112 0.000 138.161 0.000
202203 107.549 138.822 128.717
202206 0.000 142.347 0.000
202209 108.756 144.661 124.908
202212 0.000 145.763 0.000
202303 107.346 146.865 121.439
202306 0.000 150.280 0.000
202309 96.450 151.492 105.779
202312 0.000 152.924 0.000
202403 94.428 153.035 102.518
202406 0.000 155.789 0.000
202409 89.386 157.882 94.064
202412 0.000 158.323 0.000
202503 102.298 157.552 107.878
202506 0.000 159.755 0.000
202509 106.535 162.289 109.066
202512 0.000 163.281 0.000
202603 119.698 164.272 121.063
202606 0.000 166.145 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 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 ₹724.65 is trading 19.4% below its estimated GF Value™ of ₹898.82. GuruFocus considers V-Mart Retail to be Modestly Undervalued.

Key valuation signals for NSE:VMART:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹898.82 vs. price of ₹724.65 (19.4% below fair value)
  • GF Score™: 93/100 with 1 warning sign

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.
93GF Score

Get the complete analysis for NSE:VMART

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

₹724.65
Price
₹898.82
GF Value