Waterbase (NSE:WATERBASE) Cyclically Adjusted PB Ratio: (As of Aug. 30, 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:WATERBASE Waterbase Ltd NSE:WATERBASE
40 GF Score
Price ₹49.89
GF Value ₹133.52
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Waterbase Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Waterbase  (NSE:WATERBASE) 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.


Waterbase Cyclically Adjusted PB Ratio Related Terms


Waterbase Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Waterbase'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.

Waterbase Cyclically Adjusted PB Ratio Chart

Waterbase 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 1.92 1.25 1.39 0.94 0.77

Waterbase 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 0.96 0.00 0.77 0.00

NSE:WATERBASE vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Waterbase'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.


Waterbase Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Waterbase's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:WATERBASE
40GF Score
Waterbase Ltd NSE:WATERBASE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waterbase 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.

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

For example, Waterbase'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Waterbase Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.637 105.961 45.230
201612 0.000 105.196 0.000
201703 32.262 105.196 51.326
201706 0.000 107.109 0.000
201709 34.717 109.021 53.294
201712 0.000 109.404 0.000
201803 36.118 109.786 55.058
201806 0.000 111.317 0.000
201809 40.714 115.142 59.177
201812 0.000 115.142 0.000
201903 41.772 118.202 59.143
201906 0.000 120.880 0.000
201909 44.865 123.175 60.958
201912 0.000 126.235 0.000
202003 44.376 124.705 59.554
202006 0.000 127.000 0.000
202009 46.584 130.118 59.916
202012 0.000 130.889 0.000
202103 45.875 131.771 58.264
202106 0.000 134.084 0.000
202109 46.757 135.847 57.602
202112 0.000 138.161 0.000
202203 44.899 138.822 54.128
202206 0.000 142.347 0.000
202209 45.099 144.661 52.175
202212 0.000 145.763 0.000
202303 44.104 146.865 50.258
202306 0.000 150.280 0.000
202309 43.760 151.492 48.343
202312 0.000 152.924 0.000
202403 41.651 153.035 45.549
202406 0.000 155.789 0.000
202409 39.551 157.882 41.925
202412 0.000 158.323 0.000
202503 37.460 157.552 39.791
202506 0.000 159.755 0.000
202509 35.418 162.289 36.524
202512 0.000 163.281 0.000
202603 34.268 164.272 34.912
202606 0.000 167.357 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 Waterbase (NSE:WATERBASE) Overvalued in 2026?

Based on GuruFocus' analysis, Waterbase stock appears to be undervalued. The current stock price of ₹49.89 is trading 62.6% below its estimated GF Value™ of ₹133.52. GuruFocus considers Waterbase to be Significantly Undervalued.

Key valuation signals for NSE:WATERBASE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹133.52 vs. price of ₹49.89 (62.6% below fair value)
  • GF Score™: 40/100 with 2 warning signs

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


Waterbase Business Description

Other Exchanges 523660:India
Address No. 37, Montieth Road, Thapar House, Egmore, Chennai, TN, IND, 600 008
Waterbase Ltd is engaged in the aquaculture business. The company is involved in Shrimp Feeds, Processed Shrimp, Shrimp Hatchery, and others. It generates the majority of its revenue from the Processed Shrimp.
40GF Score

Get the complete analysis for NSE:WATERBASE

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

₹49.89
Price
₹133.52
GF Value