Zee Entertainment Enterprises (NSE:ZEEL) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
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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
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:ZEEL Zee Entertainment Enterprises Ltd NSE:ZEEL
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What is Zee Entertainment Enterprises Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zee Entertainment Enterprises  (NSE:ZEEL) 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.


Zee Entertainment Enterprises Cyclically Adjusted PB Ratio Related Terms


Zee Entertainment Enterprises Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zee Entertainment Enterprises'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.

Zee Entertainment Enterprises Cyclically Adjusted PB Ratio Chart

Zee Entertainment Enterprises 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 3.21 2.17 1.29 0.86 0.59

Zee Entertainment Enterprises 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 0.95 0.00 0.59 0.00

NSE:ZEEL vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, Zee Entertainment Enterprises'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.


Zee Entertainment Enterprises Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Zee Entertainment Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ZEEL
60GF Score
Zee Entertainment Enterprises Ltd NSE:ZEEL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zee Entertainment Enterprises 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.

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

For example, Zee Entertainment Enterprises'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.

Zee Entertainment Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201609 51.923 105.961 82.008
201612 0.000 105.196 0.000
201703 69.659 105.196 110.821
201706 0.000 107.109 0.000
201709 75.769 109.021 116.312
201712 0.000 109.404 0.000
201803 78.730 109.786 120.015
201806 0.000 111.317 0.000
201809 84.923 115.142 123.435
201812 0.000 115.142 0.000
201903 92.912 118.202 131.550
201906 0.000 120.880 0.000
201909 98.858 123.175 134.318
201912 0.000 126.235 0.000
202003 97.283 124.705 130.556
202006 0.000 127.000 0.000
202009 98.102 130.118 126.179
202012 0.000 130.889 0.000
202103 105.098 131.771 133.481
202106 0.000 134.084 0.000
202109 107.751 135.847 132.744
202112 0.000 138.161 0.000
202203 113.092 138.822 136.339
202206 0.000 142.347 0.000
202209 113.186 144.661 130.944
202212 0.000 145.763 0.000
202303 111.626 146.865 127.202
202306 0.000 150.280 0.000
202309 112.337 151.492 124.102
202312 0.000 152.924 0.000
202403 113.197 153.035 123.791
202406 0.000 155.789 0.000
202409 117.200 157.882 124.234
202412 0.000 158.323 0.000
202503 120.076 157.552 127.549
202506 0.000 159.755 0.000
202509 120.608 162.289 124.374
202512 0.000 163.281 0.000
202603 122.140 164.272 124.434
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.


Zee Entertainment Enterprises Business Description

Other Exchanges 505537:India
Address N.M. Joshi Marg, 18th Floor, A-Wing, Marathon Futurex, Lower Parel, Mumbai, MH, IND, 400013
Zee Entertainment Enterprises Ltd is a broadcasting television company that provides media and entertainment services. Zee generates revenue from advertisements, subscriptions, theatrical revenue, the sale of media content, transmission revenue, and commissions. The company controls a suite of television channels that broadcast in many different languages. Furthermore, Zee Entertainment produces and distributes feature films, develops digital online offerings, and produces and sells live entertainment events. It operates in a single segment, Content and Broadcasting. The company earns the vast majority of its revenue in India.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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