Carborundum Universal (BOM:513375) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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:513375 Carborundum Universal Ltd BOM:513375
92 GF Score
Price ₹1,104.40
GF Value ₹1,245.02
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Carborundum Universal Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carborundum Universal  (BOM:513375) 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.


Carborundum Universal Cyclically Adjusted PB Ratio Related Terms


Carborundum Universal Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carborundum Universal'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.

Carborundum Universal Cyclically Adjusted PB Ratio Chart

Carborundum Universal 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 7.93 8.92 10.43 7.63 5.20

Carborundum Universal 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 6.49 0.00 5.20 0.00

BOM:513375 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Carborundum Universal'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.


Carborundum Universal Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Carborundum Universal's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:513375
92GF Score
Carborundum Universal Ltd BOM:513375
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carborundum Universal 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.

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

For example, Carborundum Universal'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.

Carborundum Universal Quarterly Data

Book Value per Share CPI Adj_Book
201609 68.817 105.961 108.691
201612 0.000 105.196 0.000
201703 73.296 105.196 116.607
201706 0.000 107.109 0.000
201709 77.498 109.021 118.966
201712 0.000 109.404 0.000
201803 82.789 109.786 126.203
201806 0.000 111.317 0.000
201809 87.905 115.142 127.769
201812 0.000 115.142 0.000
201903 91.148 118.202 129.053
201906 0.000 120.880 0.000
201909 96.584 123.175 131.228
201912 0.000 126.235 0.000
202003 98.112 124.705 131.669
202006 0.000 127.000 0.000
202009 103.515 130.118 133.141
202012 0.000 130.889 0.000
202103 112.424 131.771 142.786
202106 0.000 134.084 0.000
202109 121.618 135.847 149.828
202112 0.000 138.161 0.000
202203 124.503 138.822 150.095
202206 0.000 142.347 0.000
202209 144.312 144.661 166.953
202212 0.000 145.763 0.000
202303 148.495 146.865 169.215
202306 0.000 150.280 0.000
202309 150.712 151.492 166.496
202312 0.000 152.924 0.000
202403 164.288 153.035 179.664
202406 0.000 155.789 0.000
202409 175.247 157.882 185.764
202412 0.000 158.323 0.000
202503 185.305 157.552 196.838
202506 0.000 159.755 0.000
202509 196.653 162.289 202.794
202512 0.000 163.281 0.000
202603 204.723 164.272 208.568
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 Carborundum Universal (BOM:513375) Overvalued in 2026?

Based on GuruFocus' analysis, Carborundum Universal stock appears to be undervalued. The current stock price of ₹1,104.40 is trading 11.3% below its estimated GF Value™ of ₹1,245.02. GuruFocus considers Carborundum Universal to be Modestly Undervalued.

Key valuation signals for BOM:513375:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,245.02 vs. price of ₹1,104.40 (11.3% below fair value)
  • GF Score™: 92/100 with 7 warning signs

No single metric tells the full story. See the BOM:513375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carborundum Universal Business Description

Other Exchanges CARBORUNIV:India
Address 43 Moore Street, Parry House, Chennai, TN, IND, 600001
Carborundum Universal Ltd is an investment holding company. Along with its subsidiaries, it mainly provides solutions predominantly for industrial manufacturing needs by developing, manufacturing, and marketing products using the properties of materials known as electrominerals. The company's reportable business segments are; Surface engineering (material removal, cutting, polishing) known as Abrasives; Ceramics; Electrominerals; Power; IT services; and others. Maximum revenue is derived from the Abrasives segment which is comprised of bonded, coated, processed cloth, polymers, power tools, and coolants. The company generates maximum revenue through exports and the rest from its business in India.
92GF Score

Get the complete analysis for BOM:513375

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

₹1,104.40
Price
₹1,245.02
GF Value