VRL Logistics (NSE:VRLLOG) Cyclically Adjusted PB Ratio: 4.50 (As of Jul. 09, 2026) — 24% Below Median


NSE:VRLLOG VRL Logistics Ltd NSE:VRLLOG
85 GF Score
Price ₹231.41
GF Value ₹302.56
Valuation Modestly Undervalued
! 3 Warning Signs
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What is VRL Logistics Cyclically Adjusted PB Ratio?

VRL Logistics NSE:VRLLOG -2.47% 85 Cyclically Adjusted PB Ratio is 4.50 as of Jul. 09, 2026, which is 24% below its 10-year median of 5.96. GuruFocus rates NSE:VRLLOG with a GF Score™ of 85/100 and a GF Value™ of ₹302.56 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 738 Transportation companies, VRL Logistics ranks worse than 89.3% on this metric.

As of today (2026-07-09), VRL Logistics's current share price is ₹231.41. VRL Logistics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹51.41. VRL Logistics's Cyclically Adjusted PB Ratio for today is 4.50.

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

NSE:VRLLOG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.47   Med: 5.96   Max: 9.81
Current: 4.62

During the past years, VRL Logistics's highest Cyclically Adjusted PB Ratio was 9.81. The lowest was 4.47. And the median was 5.96.

NSE:VRLLOG's Cyclically Adjusted PB Ratio is ranked worse than
89.3% of 738 companies
in the Transportation industry
Industry Median: 1.25 vs NSE:VRLLOG: 4.62

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.

VRL Logistics's adjusted book value per share data for the three months ended in Mar. 2026 was ₹65.306. 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 ₹51.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VRL Logistics  (NSE:VRLLOG) 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.


VRL Logistics Cyclically Adjusted PB Ratio Related Terms


VRL Logistics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VRL Logistics'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.

VRL Logistics Cyclically Adjusted PB Ratio Chart

VRL Logistics 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 0.00 8.34 6.22 4.98 4.55

VRL Logistics 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 4.98 0.00 5.49 0.00 4.55

NSE:VRLLOG vs ODFL, XPO, KNX: Cyclically Adjusted PB Ratio Comparison

For the Trucking subindustry, VRL Logistics'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.


VRL Logistics Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, VRL Logistics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:VRLLOG
85GF Score
VRL Logistics Ltd NSE:VRLLOG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VRL Logistics 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.

VRL Logistics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=231.41/51.41
=4.50

* 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.

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

For example, VRL Logistics'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)
=65.306/164.2724*164.2724
=65.306

Current CPI (Mar. 2026) = 164.2724.

VRL Logistics Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 29.377 105.961 45.543
201612 0.000 105.196 0.000
201703 29.659 105.196 46.315
201706 0.000 107.109 0.000
201709 32.712 109.021 49.290
201712 0.000 109.404 0.000
201803 32.831 109.786 49.125
201806 0.000 111.317 0.000
201809 35.360 115.142 50.448
201812 0.000 115.142 0.000
201903 35.749 118.202 49.682
201906 0.000 120.880 0.000
201909 36.836 123.175 49.126
201912 0.000 126.235 0.000
202003 34.140 124.705 44.972
202006 0.000 127.000 0.000
202009 32.322 130.118 40.806
202012 0.000 130.889 0.000
202103 33.796 131.771 42.132
202106 0.000 134.084 0.000
202109 34.210 135.847 41.368
202112 0.000 138.161 0.000
202203 36.881 138.822 43.642
202206 0.000 142.347 0.000
202209 41.466 144.661 47.087
202212 0.000 145.763 0.000
202303 55.230 146.865 61.776
202306 0.000 150.280 0.000
202309 51.959 151.492 56.342
202312 0.000 152.924 0.000
202403 54.065 153.035 58.035
202406 0.000 155.789 0.000
202409 56.851 157.882 59.152
202412 0.000 158.323 0.000
202503 61.997 157.552 64.642
202506 0.000 159.755 0.000
202509 62.634 162.289 63.399
202512 0.000 163.281 0.000
202603 65.306 164.272 65.306

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 4.50 mean?
VRL Logistics (NSE:VRLLOG) has a Cyclically Adjusted PB Ratio of 4.50 as of Jul. 09, 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 VRL Logistics and its competitors. This is 24% below median its historical median of 5.96. Over the past decade, VRL Logistics' Cyclically Adjusted PB Ratio has ranged from 4.47 to 9.81. According to the industry distribution chart, VRL Logistics ranks #659 out of 738 companies in the Transportation industry, placing it in the top 89.3%.
Is VRL Logistics' Cyclically Adjusted PB Ratio too high?
VRL Logistics' current Cyclically Adjusted PB Ratio of 4.50 is 24% below median its 10-year median of 5.96. Over the past 10 years, this metric has ranged from a low of 4.47 to a high of 9.81. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. VRL Logistics' value of 4.50 is 260% above this industry median. Based on the distribution chart, VRL Logistics ranks #659 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, VRL Logistics has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VRL Logistics' Cyclically Adjusted PB Ratio compare to ODFL and XPO?
According to the Transportation industry distribution chart, VRL Logistics ranks #659 out of 738 companies for Cyclically Adjusted PB Ratio. This places VRL Logistics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. VRL Logistics' value of 4.50 is 260% above this benchmark. Historically, VRL Logistics' own Cyclically Adjusted PB Ratio has ranged from 4.47 to 9.81 over the past decade. While the company's 10-year median is 5.96 vs. the industry median of 1.25, VRL Logistics 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 738 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. VRL Logistics's current Cyclically Adjusted PB Ratio of 4.50 is 260% 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 VRL Logistics and its competitors. For the Transportation 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. VRL Logistics's current Cyclically Adjusted PB Ratio is 4.50, which is 24% below median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VRL Logistics stock overvalued right now?
Based on GuruFocus' analysis, VRL Logistics (NSE:VRLLOG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹302.56, compared to a current price of ₹231.41 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.50, which is 24% below median its 10-year median of 5.96 and 260% above the Transportation industry median of 1.25. VRL Logistics' overall GF Score™ is 85/100 with 3 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 VRL Logistics (NSE:VRLLOG), the current Cyclically Adjusted PB Ratio is 4.50 as of Jul. 09, 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 VRL Logistics (NSE:VRLLOG) Overvalued in 2026?

Based on GuruFocus' analysis, VRL Logistics stock appears to be undervalued. The current stock price of ₹231.41 is trading 23.5% below its estimated GF Value™ of ₹302.56. GuruFocus considers VRL Logistics to be Modestly Undervalued.

Key valuation signals for NSE:VRLLOG:

  • Cyclically Adjusted PB Ratio: 4.50 (24% below median its 10-year median of 5.96)
  • GF Value™: ₹302.56 vs. price of ₹231.41 (23.5% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 260% above the Transportation median (#659 of 738)

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


VRL Logistics Business Description

Other Exchanges 539118:India
Address Circuit House Road, Giriraj Annexe, Hubballi, KA, IND, 580029
VRL Logistics Ltd is engaged in the business of logistics services. The company is engaged in the Goods Transport Business segment. The company offers services for the transportation of goods across India using a range of road transportation solutions to its customers, including less than full truck load and full truck load. The company provides courier services for the transportation of small parcels and documents using a range of multi-modal solutions.
85GF Score

Get the complete analysis for NSE:VRLLOG

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

₹231.41
Price
₹302.56
GF Value