India Cements Capital (BOM:511355) Cyclically Adjusted PB Ratio: (As of Aug. 23, 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:511355 India Cements Capital Ltd BOM:511355
38 GF Score
Price ₹23.69
GF Value ₹0.40
Valuation Significantly Overvalued
! 6 Warning Signs
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What is India Cements Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


India Cements Capital  (BOM:511355) 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.


India Cements Capital Cyclically Adjusted PB Ratio Related Terms


India Cements Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for India Cements Capital'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.

India Cements Capital Cyclically Adjusted PB Ratio Chart

India Cements Capital 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 0.00 0.00 0.00 0.00 0.81

India Cements Capital 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 1.15 0.00 0.81 0.00

BOM:511355 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, India Cements Capital'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.


India Cements Capital Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, India Cements Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:511355
38GF Score
India Cements Capital Ltd BOM:511355
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Cements Capital 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.

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

For example, India Cements Capital'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.

India Cements Capital Quarterly Data

Book Value per Share CPI Adj_Book
201203 12.047 76.889 26.222
201303 12.064 85.687 23.562
201403 12.147 91.425 22.236
201503 12.319 97.163 21.219
201603 12.464 102.518 20.347
201703 6.754 105.196 10.745
201803 7.116 109.786 10.848
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 7.184 118.202 10.172
201906 0.000 120.880 0.000
201909 7.260 123.175 9.864
201912 0.000 126.235 0.000
202003 7.172 124.705 9.625
202006 0.000 127.000 0.000
202009 6.961 130.118 8.953
202012 0.000 130.889 0.000
202103 7.047 131.771 8.950
202106 0.000 134.084 0.000
202109 7.123 135.847 8.775
202112 0.000 138.161 0.000
202203 7.160 138.822 8.632
202206 0.000 142.347 0.000
202209 7.359 144.661 8.514
202212 0.000 145.763 0.000
202303 7.492 146.865 8.537
202306 0.000 150.280 0.000
202309 8.018 151.492 8.858
202312 0.000 152.924 0.000
202403 8.187 153.035 8.953
202406 0.000 155.789 0.000
202409 8.429 157.882 8.935
202412 0.000 158.323 0.000
202503 8.443 157.552 8.968
202506 0.000 159.755 0.000
202509 8.498 162.289 8.763
202512 0.000 163.281 0.000
202603 8.249 164.272 8.404
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 India Cements Capital (BOM:511355) Overvalued in 2026?

Based on GuruFocus' analysis, India Cements Capital stock appears to be overvalued. The current stock price of ₹23.69 is trading 5822.5% above its estimated GF Value™ of ₹0.40. GuruFocus considers India Cements Capital to be Significantly Overvalued.

Key valuation signals for BOM:511355:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹0.40 vs. price of ₹23.69 (5822.5% above fair value)
  • GF Score™: 38/100 with 6 warning signs

No single metric tells the full story. See the BOM:511355 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


India Cements Capital Business Description

Address No. 18/14 (312/14) Gee Gee Emerald, Valluvar Kottam High Road, No. 2C & 2D, 2nd Floor, Nungambakkam, Chennai, TN, IND, 600 034
India Cements Capital Ltd is a non-banking finance company. It is engaged in providing fee-based activities, including risk management services for importers and exporters, money changing, travel services, interbank Forex broking and share broking.
38GF Score

Get the complete analysis for BOM:511355

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

₹23.69
Price
₹0.40
GF Value