Vardhman Textiles (NSE:VTL) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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.
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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:VTL Vardhman Textiles Ltd NSE:VTL
76 GF Score
Price ₹590.60
GF Value ₹501.02
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Vardhman Textiles Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vardhman Textiles  (NSE:VTL) 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.


Vardhman Textiles Cyclically Adjusted PB Ratio Related Terms


Vardhman Textiles Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vardhman Textiles'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.

Vardhman Textiles Cyclically Adjusted PB Ratio Chart

Vardhman Textiles 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 2.35 1.34 1.75 1.45 1.75

Vardhman Textiles 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 1.43 0.00 1.75 0.00

Vardhman Textiles Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Vardhman Textiles'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.


Vardhman Textiles Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


NSE:VTL
76GF Score
Vardhman Textiles Ltd NSE:VTL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Textiles 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.

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

For example, Vardhman Textiles'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.

Vardhman Textiles Quarterly Data

Book Value per Share CPI Adj_Book
201609 166.762 105.961 261.480
201612 0.000 105.196 0.000
201703 155.658 105.196 245.845
201706 0.000 107.109 0.000
201709 158.368 109.021 241.348
201712 0.000 109.404 0.000
201803 172.502 109.786 261.056
201806 0.000 111.317 0.000
201809 181.222 115.142 261.496
201812 0.000 115.142 0.000
201903 198.018 118.202 278.335
201906 0.000 120.880 0.000
201909 198.486 123.175 267.729
201912 0.000 126.235 0.000
202003 214.027 124.705 285.150
202006 0.000 127.000 0.000
202009 210.196 130.118 268.396
202012 0.000 130.889 0.000
202103 228.726 131.771 288.394
202106 0.000 134.084 0.000
202109 253.199 135.847 309.671
202112 0.000 138.161 0.000
202203 266.692 138.822 319.184
202206 0.000 142.347 0.000
202209 285.030 144.661 327.361
202212 0.000 145.763 0.000
202303 296.183 146.865 335.067
202306 0.000 150.280 0.000
202309 305.557 151.492 335.113
202312 0.000 152.924 0.000
202403 314.693 153.035 341.654
202406 0.000 155.789 0.000
202409 325.947 157.882 343.006
202412 0.000 158.323 0.000
202503 342.216 157.552 360.882
202506 0.000 159.755 0.000
202509 351.120 162.289 359.463
202512 0.000 163.281 0.000
202603 363.443 164.272 367.587
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 Vardhman Textiles (NSE:VTL) Overvalued in 2026?

Based on GuruFocus' analysis, Vardhman Textiles stock appears to be overvalued. The current stock price of ₹590.60 is trading 17.9% above its estimated GF Value™ of ₹501.02. GuruFocus considers Vardhman Textiles to be Modestly Overvalued.

Key valuation signals for NSE:VTL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹501.02 vs. price of ₹590.60 (17.9% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Vardhman Textiles Business Description

Other Exchanges 502986:India
Address Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141010
Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. The company's segments include: Textile and Fibre. The company derives majority of its revenue from Textiles segment, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. The company provides fabrics for the apparel industry and home textiles and manufactures shirts for retail brands. In addition, It offers hot-rolled bars for use in industries such as automotive, engineering, and allied industries. Geographically, it operates in India as well as Overseas.
76GF Score

Get the complete analysis for NSE:VTL

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

₹590.60
Price
₹501.02
GF Value