Mathew Easow Research Securities (BOM:511688) Cyclically Adjusted PB Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:511688 Mathew Easow Research Securities Ltd BOM:511688
49 GF Score
Price ₹13.50
GF Value ₹8.61
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Mathew Easow Research Securities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mathew Easow Research Securities  (BOM:511688) 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.


Mathew Easow Research Securities Cyclically Adjusted PB Ratio Related Terms


Mathew Easow Research Securities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mathew Easow Research Securities'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.

Mathew Easow Research Securities Cyclically Adjusted PB Ratio Chart

Mathew Easow Research Securities 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 0.26 0.23 0.32 0.49 0.47

Mathew Easow Research Securities 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 0.47 0.00 0.47 0.00

BOM:511688 vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Mathew Easow Research Securities'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.


Mathew Easow Research Securities Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Mathew Easow Research Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mathew Easow Research Securities's Cyclically Adjusted PB Ratio falls into.


BOM:511688
49GF Score
Mathew Easow Research Securities Ltd BOM:511688
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mathew Easow Research Securities 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.

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

For example, Mathew Easow Research Securities'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.

Mathew Easow Research Securities Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.916 105.961 31.456
201612 0.000 105.196 0.000
201703 19.496 105.196 31.016
201706 0.000 107.109 0.000
201709 19.666 109.021 30.189
201712 0.000 109.404 0.000
201803 20.240 109.786 30.854
201806 0.000 111.317 0.000
201809 20.783 115.142 30.208
201812 0.000 115.142 0.000
201903 20.511 118.202 29.041
201906 0.000 120.880 0.000
201909 20.399 123.175 27.716
201912 0.000 126.235 0.000
202003 20.715 124.705 27.800
202006 0.000 127.000 0.000
202009 20.811 130.118 26.767
202012 0.000 130.889 0.000
202103 20.880 131.771 26.519
202106 0.000 134.084 0.000
202109 20.911 135.847 25.761
202112 0.000 138.161 0.000
202203 21.038 138.822 25.362
202206 0.000 142.347 0.000
202209 21.079 144.661 24.386
202212 0.000 145.763 0.000
202303 21.105 146.865 24.050
202306 0.000 150.280 0.000
202309 21.146 151.492 23.361
202312 0.000 152.924 0.000
202403 21.196 153.035 23.180
202406 0.000 155.789 0.000
202409 21.270 157.882 22.546
202412 0.000 158.323 0.000
202503 21.321 157.552 22.648
202506 0.000 159.755 0.000
202509 21.392 162.289 22.060
202512 0.000 163.281 0.000
202603 21.443 164.272 21.846
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 Mathew Easow Research Securities (BOM:511688) Overvalued in 2026?

Based on GuruFocus' analysis, Mathew Easow Research Securities stock appears to be overvalued. The current stock price of ₹13.50 is trading 56.8% above its estimated GF Value™ of ₹8.61. GuruFocus considers Mathew Easow Research Securities to be Significantly Overvalued.

Key valuation signals for BOM:511688:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹8.61 vs. price of ₹13.50 (56.8% above fair value)
  • GF Score™: 49/100 with 9 warning signs

No single metric tells the full story. See the BOM:511688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mathew Easow Research Securities Business Description

Address 128, Rash behari Avenue, Rajkamal Building, 1st Floor, Kolkata, WB, IND, 700029
Mathew Easow Research Securities Ltd is a non-banking financial company (NBFC). The company is involved in investment and finance activities. It assists corporate bodies through the syndication of loans from various bodies, including corporate bodies/banks, and financial institutions. The company also finances corporate loans from banks. Its primary revenue source is from the sale of Shares and Securities.
49GF Score

Get the complete analysis for BOM:511688

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

₹13.50
Price
₹8.61
GF Value