Zee Learn (NSE:ZEELEARN) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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:ZEELEARN Zee Learn Ltd NSE:ZEELEARN
74 GF Score
Price ₹7.62
GF Value ₹8.83
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Zee Learn Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zee Learn  (NSE:ZEELEARN) 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 Learn Cyclically Adjusted PB Ratio Related Terms


Zee Learn Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zee Learn'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 Learn Cyclically Adjusted PB Ratio Chart

Zee Learn 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 0.00 0.47 0.44 0.34

Zee Learn 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 0.74 0.00 0.34 0.00

NSE:ZEELEARN vs EDU, TAL, LAUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Zee Learn'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 Learn Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Zee Learn's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ZEELEARN
74GF Score
Zee Learn Ltd NSE:ZEELEARN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Zee Learn'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 Learn Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 9.066 105.196 14.423
201706 0.000 107.109 0.000
201709 9.912 109.021 15.216
201712 0.000 109.404 0.000
201803 10.844 109.786 16.530
201806 0.000 111.317 0.000
201809 11.959 115.142 17.382
201812 0.000 115.142 0.000
201903 13.222 118.202 18.720
201906 0.000 120.880 0.000
201909 14.540 123.175 19.755
201912 0.000 126.235 0.000
202003 14.437 124.705 19.375
202006 0.000 127.000 0.000
202009 14.664 130.118 18.861
202012 0.000 130.889 0.000
202103 14.237 131.771 18.082
202106 0.000 134.084 0.000
202109 14.319 135.847 17.640
202112 0.000 138.161 0.000
202203 14.185 138.822 17.101
202206 0.000 142.347 0.000
202209 14.268 144.661 16.507
202212 0.000 145.763 0.000
202303 0.590 146.865 0.672
202306 0.000 150.280 0.000
202309 0.363 151.492 0.401
202312 0.000 152.924 0.000
202403 5.601 153.035 6.125
202406 0.000 155.789 0.000
202409 5.578 157.882 5.913
202412 0.000 158.323 0.000
202503 5.996 157.552 6.369
202506 0.000 159.755 0.000
202509 5.860 162.289 6.043
202512 0.000 163.281 0.000
202603 7.186 164.272 7.321
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 Zee Learn (NSE:ZEELEARN) Overvalued in 2026?

Based on GuruFocus' analysis, Zee Learn stock appears to be undervalued. The current stock price of ₹7.62 is trading 13.7% below its estimated GF Value™ of ₹8.83. GuruFocus considers Zee Learn to be Modestly Undervalued.

Key valuation signals for NSE:ZEELEARN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹8.83 vs. price of ₹7.62 (13.7% below fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Zee Learn Business Description

Other Exchanges 533287:India
Address 135, Dr. Annie Besant Road, Continental Building, Worli, Mumbai, MH, IND, 400018
Zee Learn Ltd is engaged in the provision of educational services in India. The firm delivers learning solutions and training through its multiple products Kidzee, Mount Litera Zee Schools, Mount Litera World Preschool, Zee Institute of Media Arts (ZIMA), Zee Institute of Creative Arts (ZICA), and E-Learning Online Education and Testing. It operates through the Educational, Construction and leasing for education, and Training Manpower and related activities segments. The Educational segment which generates the majority of its revenue, principally provides learning solutions and delivers training.
74GF Score

Get the complete analysis for NSE:ZEELEARN

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

₹7.62
Price
₹8.83
GF Value