Fine-Line Circuits (BOM:517264) Cyclically Adjusted Book per Share: ₹20.15 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BOM:517264 Fine-Line Circuits Ltd BOM:517264
54 GF Score
Price ₹71.81
GF Value ₹94.65
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Fine-Line Circuits Cyclically Adjusted Book per Share?

Fine-Line Circuits BOM:517264 +1.67% 54 Cyclically Adjusted Book per Share is ₹20.15 as of Mar. 2026. GuruFocus rates BOM:517264 with a GF Score™ of 54/100 and a GF Value™ of ₹94.65 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Fine-Line Circuits's adjusted book value per share for the three months ended in Mar. 2026 was ₹18.999. 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 ₹20.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fine-Line Circuits's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Fine-Line Circuits was 1.50% per year. The lowest was 0.70% per year. And the median was 1.30% per year.

As of today (2026-07-23), Fine-Line Circuits's current stock price is ₹71.81. Fine-Line Circuits's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹20.15. Fine-Line Circuits's Cyclically Adjusted PB Ratio of today is 3.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fine-Line Circuits was 5.51. The lowest was 0.82. And the median was 3.28.


Fine-Line Circuits  (BOM:517264) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Fine-Line Circuits's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.81/20.15
=3.56

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fine-Line Circuits was 5.51. The lowest was 0.82. And the median was 3.28.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Fine-Line Circuits Cyclically Adjusted Book per Share Related Terms


Fine-Line Circuits Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fine-Line Circuits's Cyclically Adjusted Book per Share 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.

Fine-Line Circuits Cyclically Adjusted Book per Share Chart

Fine-Line Circuits Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.86 19.37 19.62 19.70 20.15

Fine-Line Circuits Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 19.70 0.00 20.10 0.00 20.15

BOM:517264 vs APH, GLW, TEL: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Fine-Line Circuits'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.


Fine-Line Circuits Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Fine-Line Circuits's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fine-Line Circuits's Cyclically Adjusted PB Ratio falls into.


BOM:517264
54GF Score
Fine-Line Circuits Ltd BOM:517264
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fine-Line Circuits Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Fine-Line Circuits'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)
=18.999/164.2724*164.2724
=18.999

Current CPI (Mar. 2026) = 164.2724.

Fine-Line Circuits Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 14.366 105.961 22.272
201612 0.000 105.196 0.000
201703 14.337 105.196 22.388
201706 0.000 107.109 0.000
201709 14.446 109.021 21.767
201712 0.000 109.404 0.000
201803 14.597 109.786 21.841
201806 0.000 111.317 0.000
201809 14.748 115.142 21.041
201812 0.000 115.142 0.000
201903 15.098 118.202 20.983
201906 0.000 120.880 0.000
201909 15.200 123.175 20.271
201912 0.000 126.235 0.000
202003 15.267 124.705 20.111
202006 0.000 127.000 0.000
202009 15.366 130.118 19.399
202012 0.000 130.889 0.000
202103 15.562 131.771 19.400
202106 0.000 134.084 0.000
202109 16.386 135.847 19.815
202112 0.000 138.161 0.000
202203 17.318 138.822 20.493
202206 0.000 142.347 0.000
202209 17.465 144.661 19.833
202212 0.000 145.763 0.000
202303 17.712 146.865 19.811
202306 0.000 150.280 0.000
202309 17.332 151.492 18.794
202312 0.000 152.924 0.000
202403 17.769 153.035 19.074
202406 0.000 155.789 0.000
202409 17.997 157.882 18.725
202412 0.000 158.323 0.000
202503 18.346 157.552 19.129
202506 0.000 159.755 0.000
202509 18.703 162.289 18.932
202512 0.000 163.281 0.000
202603 18.999 164.272 18.999

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ₹20.15 mean?
Fine-Line Circuits (BOM:517264) has a Cyclically Adjusted Book per Share of ₹20.15 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fine-Line Circuits and its competitors.
Is Fine-Line Circuits' Cyclically Adjusted Book per Share too high?
Fine-Line Circuits' current Cyclically Adjusted Book per Share is ₹20.15. Overall, Fine-Line Circuits has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fine-Line Circuits' Cyclically Adjusted Book per Share compare to APH and GLW?
Fine-Line Circuits' Cyclically Adjusted Book per Share of ₹20.15 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fine-Line Circuits and its competitors. Fine-Line Circuits's current Cyclically Adjusted Book per Share is ₹20.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fine-Line Circuits stock overvalued right now?
Based on GuruFocus' analysis, Fine-Line Circuits (BOM:517264) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹94.65, compared to a current price of ₹71.81 — trading 24.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₹20.15. Fine-Line Circuits' overall GF Score™ is 54/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Fine-Line Circuits (BOM:517264), the current Cyclically Adjusted Book per Share is ₹20.15 as of Mar. 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 Fine-Line Circuits (BOM:517264) Overvalued in 2026?

Based on GuruFocus' analysis, Fine-Line Circuits stock appears to be undervalued. The current stock price of ₹71.81 is trading 24.1% below its estimated GF Value™ of ₹94.65. GuruFocus considers Fine-Line Circuits to be Modestly Undervalued.

Key valuation signals for BOM:517264:

  • Cyclically Adjusted Book per Share: ₹20.15
  • GF Value™: ₹94.65 vs. price of ₹71.81 (24.1% below fair value)
  • GF Score™: 54/100 with 2 warning signs

No single metric tells the full story. See the BOM:517264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fine-Line Circuits Business Description

Address 145, SDF-V, Seepz (Special Economic Zone), Andheri (East), Mumbai, MH, IND, 400096
Fine-Line Circuits Ltd is engaged in the production and distribution of electrical components and related products. The company's product portfolio includes products like Printed circuit boards (PCBs) which also contribute maximum revenue. Its products comprise High-frequency microwave PCBs, Multilayer PCBs, High copper PCBs, Backplane PCBs, and Impedance-controlled PCBs. Geographically company generates revenue from the sale of PCBs from both India as well as exports outside India.
54GF Score

Get the complete analysis for BOM:517264

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

₹71.81
Price
₹94.65
GF Value