Stovec Industries (BOM:504959) Cyclically Adjusted PB Ratio: 2.09 (As of Sep. 09, 2026) — 42% Below Median

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BOM:504959 Stovec Industries Ltd BOM:504959
70 GF Score
Price ₹1,634.35
GF Value ₹2,166.47
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Stovec Industries Cyclically Adjusted PB Ratio?

Stovec Industries BOM:504959 -2.12% 70 Cyclically Adjusted PB Ratio is 2.09 as of Sep. 09, 2026, which is 42% below its 10-year median of 3.63. GuruFocus rates BOM:504959 with a GF Score™ of 70/100 and a GF Value™ of ₹2,166.47 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,099 Industrial Products companies, Stovec Industries ranks better than 50.5% on this metric.

As of today (2026-09-09), Stovec Industries's current share price is ₹1634.35. Stovec Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹780.47. Stovec Industries's Cyclically Adjusted PB Ratio for today is 2.09.

The historical rank and industry rank for Stovec Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:504959' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 3.63   Max: 5.09
Current: 2.12

During the past years, Stovec Industries's highest Cyclically Adjusted PB Ratio was 5.09. The lowest was 1.96. And the median was 3.63.

BOM:504959's Cyclically Adjusted PB Ratio is ranked better than
50.5% of 2099 companies
in the Industrial Products industry
Industry Median: 2.14 vs BOM:504959: 2.12

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.

Stovec Industries's adjusted book value per share data for the three months ended in Jun. 2026 was ₹639.569. 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 ₹780.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stovec Industries  (BOM:504959) 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.


Stovec Industries Cyclically Adjusted PB Ratio Related Terms


Stovec Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Stovec 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.

Stovec Industries Cyclically Adjusted PB Ratio Chart

Stovec Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.11 3.68 3.71 4.26 2.71

Stovec 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 3.45 0.00 2.71 0.00 2.20

BOM:504959 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Stovec 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.


Stovec Industries Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


BOM:504959
70GF Score
Stovec Industries Ltd BOM:504959
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stovec 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.

Stovec Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1634.35/780.47
=2.09

* 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.

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

For example, Stovec 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)
=639.569/167.3573*167.3573
=639.569

Current CPI (Jun. 2026) = 167.3573.

Stovec Industries Quarterly Data

Book Value per Share CPI Adj_Book
201506 323.337 99.841 541.992
201512 348.470 102.901 566.749
201612 468.237 105.196 744.923
201706 0.000 107.109 0.000
201709 0.000 109.021 0.000
201712 560.126 109.404 856.836
201803 0.000 109.786 0.000
201806 611.585 111.317 919.479
201809 0.000 115.142 0.000
201812 581.123 115.142 844.655
201903 0.000 118.202 0.000
201906 573.023 120.880 793.347
201909 0.000 123.175 0.000
201912 645.316 126.235 855.532
202003 0.000 124.705 0.000
202006 662.347 127.000 872.822
202009 0.000 130.118 0.000
202012 648.731 130.889 829.480
202103 0.000 131.771 0.000
202106 711.772 134.084 888.399
202109 0.000 135.847 0.000
202112 769.679 138.161 932.330
202203 0.000 138.822 0.000
202206 818.745 142.347 962.595
202209 0.000 144.661 0.000
202212 831.978 145.763 955.234
202303 0.000 146.865 0.000
202306 805.958 150.280 897.544
202309 0.000 151.492 0.000
202312 670.809 152.924 734.120
202403 0.000 153.035 0.000
202406 578.400 155.789 621.350
202409 0.000 157.882 0.000
202412 598.482 158.323 632.633
202503 0.000 157.552 0.000
202506 623.803 159.755 653.487
202509 0.000 162.289 0.000
202512 631.125 163.281 646.882
202603 0.000 164.272 0.000
202606 639.569 167.357 639.569

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.

What does a Cyclically Adjusted PB Ratio of 2.09 mean?
Stovec Industries (BOM:504959) has a Cyclically Adjusted PB Ratio of 2.09 as of Sep. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Stovec Industries and its competitors. This is 42% below median its historical median of 3.63. Over the past decade, Stovec Industries' Cyclically Adjusted PB Ratio has ranged from 1.96 to 5.09. According to the industry distribution chart, Stovec Industries ranks #1039 out of 2099 companies in the Industrial Products industry, placing it in the top 49.5%.
Is Stovec Industries' Cyclically Adjusted PB Ratio too high?
Stovec Industries' current Cyclically Adjusted PB Ratio of 2.09 is 42% below median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 5.09. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Stovec Industries' value of 2.09 is 2.3% below this industry median. Based on the distribution chart, Stovec Industries ranks #1039 out of 2099 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Stovec Industries has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stovec Industries' Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Stovec Industries ranks #1039 out of 2099 companies for Cyclically Adjusted PB Ratio. This puts Stovec Industries in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Stovec Industries' value of 2.09 is 2.3% below this benchmark. Historically, Stovec Industries' own Cyclically Adjusted PB Ratio has ranged from 1.96 to 5.09 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 2.14, Stovec Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,099 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stovec Industries's current Cyclically Adjusted PB Ratio of 2.09 is 2.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Stovec Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stovec Industries's current Cyclically Adjusted PB Ratio is 2.09, which is 42% below median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stovec Industries stock overvalued right now?
Based on GuruFocus' analysis, Stovec Industries (BOM:504959) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,166.47, compared to a current price of ₹1,634.35 — trading 24.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 42% below median its 10-year median of 3.63 and 2.3% below the Industrial Products industry median of 2.14. Stovec Industries' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Stovec Industries (BOM:504959), the current Cyclically Adjusted PB Ratio is 2.09 as of Sep. 09, 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 Stovec Industries (BOM:504959) Overvalued in 2026?

Based on GuruFocus' analysis, Stovec Industries stock appears to be undervalued. The current stock price of ₹1,634.35 is trading 24.6% below its estimated GF Value™ of ₹2,166.47. GuruFocus considers Stovec Industries to be Modestly Undervalued.

Key valuation signals for BOM:504959:

  • Cyclically Adjusted PB Ratio: 2.09 (42% below median its 10-year median of 3.63)
  • GF Value™: ₹2,166.47 vs. price of ₹1,634.35 (24.6% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 2.3% below the Industrial Products median (#1039 of 2099)

No single metric tells the full story. See the BOM:504959 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stovec Industries Business Description

Address N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405
Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in two segments namely Textile Consumables and Textile Machinery segment and Graphics Product segment. The Textile Consumables and Textile Machinery segment generates the majority of revenue. It comprises Perforated Rotary Screens, Lacquer & Auxiliary Chemicals, Rotary Screen Printing Machine, Engraving Equipment, Components and Spares, and Digital Ink. The Graphics Product segment comprises Anilox Rollers, Rotamesh screens, and RotaPlate. Geographically, the company generates the majority of its revenue from India.
70GF Score

Get the complete analysis for BOM:504959

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

₹1,634.35
Price
₹2,166.47
GF Value