Hirect (BOM:504036) Cyclically Adjusted PB Ratio: (As of Aug. 27, 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.
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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.

BOM:504036 Hirect Ltd BOM:504036
66 GF Score
Price ₹1,224.15
GF Value ₹913.64
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hirect Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hirect  (BOM:504036) 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.


Hirect Cyclically Adjusted PB Ratio Related Terms


Hirect Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hirect'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.

Hirect Cyclically Adjusted PB Ratio Chart

Hirect 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 2.99 3.21 9.54 13.96 17.49

Hirect 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 22.79 0.00 17.49 0.00

BOM:504036 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Hirect'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.


Hirect Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hirect's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:504036
66GF Score
Hirect Ltd BOM:504036
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hirect 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.

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

For example, Hirect'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.

Hirect Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.288 105.961 30.464
201612 0.000 105.196 0.000
201703 17.112 105.196 27.224
201706 0.000 107.109 0.000
201709 16.790 109.021 25.774
201712 0.000 109.404 0.000
201803 20.010 109.786 30.503
201806 0.000 111.317 0.000
201809 21.132 115.142 30.715
201812 0.000 115.142 0.000
201903 23.587 118.202 33.396
201906 0.000 120.880 0.000
201909 27.188 123.175 36.940
201912 0.000 126.235 0.000
202003 28.870 124.705 38.744
202006 0.000 127.000 0.000
202009 29.463 130.118 37.895
202012 0.000 130.889 0.000
202103 30.118 131.771 38.252
202106 0.000 134.084 0.000
202109 31.417 135.847 38.704
202112 0.000 138.161 0.000
202203 32.433 138.822 39.100
202206 0.000 142.347 0.000
202209 30.400 144.661 35.170
202212 0.000 145.763 0.000
202303 32.619 146.865 37.170
202306 0.000 150.280 0.000
202309 34.369 151.492 37.968
202312 0.000 152.924 0.000
202403 36.331 153.035 39.731
202406 0.000 155.789 0.000
202409 40.719 157.882 43.163
202412 0.000 158.323 0.000
202503 46.575 157.552 49.474
202506 0.000 159.755 0.000
202509 55.343 162.289 57.071
202512 0.000 163.281 0.000
202603 60.688 164.272 61.828
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 Hirect (BOM:504036) Overvalued in 2026?

Based on GuruFocus' analysis, Hirect stock appears to be overvalued. The current stock price of ₹1,224.15 is trading 34% above its estimated GF Value™ of ₹913.64. GuruFocus considers Hirect to be Significantly Overvalued.

Key valuation signals for BOM:504036:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹913.64 vs. price of ₹1,224.15 (34% above fair value)
  • GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the BOM:504036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hirect Business Description

Other Exchanges HIRECT:India
Address Lake Road, Bhandup (West), Mumbai, MH, IND, 400078
Hind Rectifiers Ltd is engaged in developing, designing, manufacturing, and marketing power semiconductors, power electronic equipment, and railway transportation equipment. Its products include High Voltage, Cathodic Protection - TRU, Power Diodes, Rectifiers, Transformers, Converters, motors, panels, HVAC, power supplies, & battery chargers, for railway and general industries like power-plant, steel, cement, etc.
66GF Score

Get the complete analysis for BOM:504036

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

₹1,224.15
Price
₹913.64
GF Value