Garware Marine Industries (BOM:509563) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan 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
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:509563 Garware Marine Industries Ltd BOM:509563
65 GF Score
Price ₹19.30
GF Value ₹25.30
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Garware Marine Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Garware Marine Industries  (BOM:509563) 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.


Garware Marine Industries Cyclically Adjusted PB Ratio Related Terms


Garware Marine Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Garware Marine 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.

Garware Marine Industries Cyclically Adjusted PB Ratio Chart

Garware Marine 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 0.58 0.30 0.53 1.26 1.17

Garware Marine 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 1.25 0.00 1.17 0.00

BOM:509563 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Garware Marine 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.


Garware Marine Industries Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Garware Marine Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:509563
65GF Score
Garware Marine Industries Ltd BOM:509563
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Garware Marine 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.

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

For example, Garware Marine 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.

Garware Marine Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.687 105.961 15.300
201612 0.000 105.196 0.000
201703 18.402 105.196 29.276
201706 0.000 107.109 0.000
201709 16.022 109.021 24.595
201712 0.000 109.404 0.000
201803 12.998 109.786 19.814
201806 0.000 111.317 0.000
201809 11.253 115.142 16.356
201812 0.000 115.142 0.000
201903 10.867 118.202 15.386
201906 0.000 120.880 0.000
201909 9.792 123.175 13.304
201912 0.000 126.235 0.000
202003 8.757 124.705 11.752
202006 0.000 127.000 0.000
202009 9.893 130.118 12.724
202012 0.000 130.889 0.000
202103 9.966 131.771 12.657
202106 0.000 134.084 0.000
202109 17.430 135.847 21.473
202112 0.000 138.161 0.000
202203 19.404 138.822 23.393
202206 0.000 142.347 0.000
202209 21.118 144.661 24.431
202212 0.000 145.763 0.000
202303 13.720 146.865 15.634
202306 0.000 150.280 0.000
202309 17.652 151.492 19.501
202312 0.000 152.924 0.000
202403 19.160 153.035 20.953
202406 0.000 155.789 0.000
202409 28.956 157.882 30.694
202412 0.000 158.323 0.000
202503 31.139 157.552 33.077
202506 0.000 159.755 0.000
202509 28.587 162.289 29.480
202512 0.000 163.281 0.000
202603 17.960 164.272 18.297
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 Garware Marine Industries (BOM:509563) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Marine Industries stock appears to be undervalued. The current stock price of ₹19.30 is trading 23.7% below its estimated GF Value™ of ₹25.30. GuruFocus considers Garware Marine Industries to be Modestly Undervalued.

Key valuation signals for BOM:509563:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹25.30 vs. price of ₹19.30 (23.7% below fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the BOM:509563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garware Marine Industries Business Description

Address D.N. Road, 03rd Floor, Prospect Chambers, Fort, Mumbai, MH, IND, 400 001
Garware Marine Industries Ltd is an India-based company engaged in the repair of vessels. The principal product/service includes ship repair services. The ship repair services provided by the company include Pump overhauls, Engine overhauls, Hydraulic repairs, gearbox repair, and Pipeline and other marine fabrication jobs.
65GF Score

Get the complete analysis for BOM:509563

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

₹19.30
Price
₹25.30
GF Value