Man Industries (India) (BOM:513269) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:513269 Man Industries (India) Ltd BOM:513269
70 GF Score
Price ₹851.75
GF Value ₹409.15
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Man Industries (India) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Man Industries (India)  (BOM:513269) 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.


Man Industries (India) Cyclically Adjusted PB Ratio Related Terms


Man Industries (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Man Industries (India)'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.

Man Industries (India) Cyclically Adjusted PB Ratio Chart

Man Industries (India) 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 0.64 0.59 2.15 1.46 1.57

Man Industries (India) 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 2.22 1.93 2.03 1.57 2.81

BOM:513269 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Man Industries (India)'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.


Man Industries (India) Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Man Industries (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Man Industries (India)'s Cyclically Adjusted PB Ratio falls into.


BOM:513269
70GF Score
Man Industries (India) Ltd BOM:513269
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Man Industries (India) 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.

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

For example, Man Industries (India)'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Man Industries (India) Quarterly Data

Book Value per Share CPI Adj_Book
201209 104.767 82.244 213.189
201212 83.774 0.000
201303 109.551 85.687 213.967
201306 88.365 0.000
201309 105.973 91.042 194.803
201312 91.425 0.000
201403 115.693 91.425 211.781
201503 84.489 97.163 145.527
201603 99.443 102.518 162.337
201703 104.772 105.196 166.683
201803 114.213 109.786 174.105
201906 120.880 0.000
201909 123.769 123.175 168.164
201912 126.235 0.000
202003 130.704 124.705 175.408
202006 127.000 0.000
202009 138.120 130.118 177.650
202012 130.889 0.000
202103 146.205 131.771 185.690
202106 134.084 0.000
202109 154.599 135.847 190.459
202112 138.161 0.000
202203 159.208 138.822 191.934
202206 142.347 0.000
202209 156.792 144.661 181.391
202212 145.763 0.000
202303 188.392 146.865 214.679
202306 150.280 0.000
202309 194.965 151.492 215.383
202312 152.924 0.000
202403 217.017 153.035 237.328
202406 155.789 0.000
202409 225.476 157.882 239.008
202412 158.323 0.000
202503 248.283 157.552 263.735
202506 159.755 0.000
202509 262.221 162.289 270.410
202512 163.281 0.000
202603 278.170 164.272 283.394
202606 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 Man Industries (India) (BOM:513269) Overvalued in 2026?

Based on GuruFocus' analysis, Man Industries (India) stock appears to be overvalued. The current stock price of ₹851.75 is trading 108.2% above its estimated GF Value™ of ₹409.15. GuruFocus considers Man Industries (India) to be Significantly Overvalued.

Key valuation signals for BOM:513269:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹409.15 vs. price of ₹851.75 (108.2% above fair value)
  • GF Score™: 70/100 with 10 warning signs

No single metric tells the full story. See the BOM:513269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Man Industries (India) Business Description

Other Exchanges MANINDS:India
Address MAN House, 101, S.V. Road, Opposite Pawan Hans, Vile Parle (West), Mumbai, MH, IND, 400056
Man Industries (India) Ltd isengaged in the business of manufacturing, processing and trading of submerged arc welded steel pipes and steel products. It offers the product which includes LSAW HSAW, Coating, ERW, and HIB. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.
70GF Score

Get the complete analysis for BOM:513269

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

₹851.75
Price
₹409.15
GF Value