ASI Industries (BOM:502015) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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
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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:502015 ASI Industries Ltd BOM:502015
67 GF Score
Price ₹25.00
GF Value ₹32.33
Valuation Modestly Undervalued
! 3 Warning Signs
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What is ASI Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASI Industries  (BOM:502015) 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.


ASI Industries Cyclically Adjusted PB Ratio Related Terms


ASI Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASI Industries'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.

ASI Industries Cyclically Adjusted PB Ratio Chart

ASI Industries 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 0.41 0.30 0.61 0.83 0.46

ASI Industries 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 0.75 0.00 0.46 0.00

ASI Industries Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, ASI Industries'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.


ASI Industries Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ASI Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:502015
67GF Score
ASI Industries Ltd BOM:502015
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASI Industries 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.

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

For example, ASI Industries'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.

ASI Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.969 105.961 37.857
201612 0.000 105.196 0.000
201703 26.535 105.196 42.215
201706 0.000 107.109 0.000
201709 27.184 109.021 41.730
201712 0.000 109.404 0.000
201803 28.495 109.786 43.437
201806 0.000 111.317 0.000
201809 29.307 115.142 42.597
201812 0.000 115.142 0.000
201903 30.874 118.202 43.713
201906 0.000 120.880 0.000
201909 32.187 123.175 43.732
201912 0.000 126.235 0.000
202003 36.702 124.705 49.255
202006 0.000 127.000 0.000
202009 37.168 130.118 47.805
202012 0.000 130.889 0.000
202103 38.799 131.771 49.277
202106 0.000 134.084 0.000
202109 38.711 135.847 47.690
202112 0.000 138.161 0.000
202203 32.214 138.822 38.836
202206 0.000 142.347 0.000
202209 32.280 144.661 37.344
202212 0.000 145.763 0.000
202303 34.089 146.865 38.846
202306 0.000 150.280 0.000
202309 34.128 151.492 37.702
202312 0.000 152.924 0.000
202403 35.765 153.035 39.112
202406 0.000 155.789 0.000
202409 35.874 157.882 38.027
202412 0.000 158.323 0.000
202503 39.137 157.552 41.573
202506 0.000 159.755 0.000
202509 38.867 162.289 40.081
202512 0.000 163.281 0.000
202603 40.142 164.272 40.896
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 ASI Industries (BOM:502015) Overvalued in 2026?

Based on GuruFocus' analysis, ASI Industries stock appears to be undervalued. The current stock price of ₹25.00 is trading 22.7% below its estimated GF Value™ of ₹32.33. GuruFocus considers ASI Industries to be Modestly Undervalued.

Key valuation signals for BOM:502015:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹32.33 vs. price of ₹25.00 (22.7% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the BOM:502015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASI Industries Business Description

Address Off Ganpatrao Kadam Marg, Marathon Innova, A Wing, 7th floor, Lower Parel, Mumbai, MH, IND, 400 013
ASI Industries Ltd is an industrial metal and mining company. The Company is engaged in the mining and processing of natural stones. The company's product offerings are Kota Stone, Sandstone, and others. It generates a majority of revenue from the Stone segment. Geographically, it derives maximum revenue from India.
67GF Score

Get the complete analysis for BOM:502015

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

₹25.00
Price
₹32.33
GF Value