Panchmahal Steel (BOM:513511) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: 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:513511 Panchmahal Steel Ltd BOM:513511
52 GF Score
Price ₹302.75
GF Value ₹211.97
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Panchmahal Steel Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Panchmahal Steel  (BOM:513511) 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.


Panchmahal Steel Cyclically Adjusted PB Ratio Related Terms


Panchmahal Steel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Panchmahal Steel'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.

Panchmahal Steel Cyclically Adjusted PB Ratio Chart

Panchmahal Steel 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 1.75 1.60 1.71 1.61 3.33

Panchmahal Steel 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 2.51 3.43 3.65 3.34 3.52

BOM:513511 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Panchmahal Steel'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.


Panchmahal Steel Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Panchmahal Steel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:513511
52GF Score
Panchmahal Steel Ltd BOM:513511
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panchmahal Steel 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.

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

For example, Panchmahal Steel'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.

Panchmahal Steel Quarterly Data

Book Value per Share CPI Adj_Book
201609 62.143 105.961 98.150
201612 105.196 0.000
201703 63.667 105.196 101.288
201706 107.109 0.000
201709 61.722 109.021 94.749
201712 109.404 0.000
201803 63.394 109.786 96.637
201806 111.317 0.000
201809 64.547 115.142 93.818
201812 115.142 0.000
201903 64.735 118.202 91.656
201906 120.880 0.000
201909 63.953 123.175 86.893
201912 126.235 0.000
202003 48.084 124.705 64.530
202006 127.000 0.000
202009 45.246 130.118 58.195
202012 130.889 0.000
202103 53.287 131.771 67.678
202106 134.084 0.000
202109 66.682 135.847 82.149
202112 138.161 0.000
202203 83.844 138.822 101.079
202206 142.347 0.000
202209 83.107 144.661 96.146
202212 145.763 0.000
202303 80.587 146.865 91.832
202306 150.280 0.000
202309 81.109 151.492 89.603
202312 152.924 0.000
202403 82.234 153.035 89.930
202406 155.789 0.000
202409 84.193 157.882 89.246
202412 158.323 0.000
202503 84.021 157.552 89.250
202506 159.755 0.000
202509 80.325 162.289 82.833
202512 163.281 0.000
202603 78.987 164.272 80.470
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 Panchmahal Steel (BOM:513511) Overvalued in 2026?

Based on GuruFocus' analysis, Panchmahal Steel stock appears to be overvalued. The current stock price of ₹302.75 is trading 42.8% above its estimated GF Value™ of ₹211.97. GuruFocus considers Panchmahal Steel to be Significantly Overvalued.

Key valuation signals for BOM:513511:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹211.97 vs. price of ₹302.75 (42.8% above fair value)
  • GF Score™: 52/100 with 7 warning signs

No single metric tells the full story. See the BOM:513511 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panchmahal Steel Business Description

Other Exchanges PANCHMAHQ:India
Address Landmark, 7th Floor, Race Course Circle, Vadodara, GJ, IND, 390 007
Panchmahal Steel Ltd is in the business of producing Stainless steel long products in India. Its products include Stainless Steel wire road and bars, Stainless steel wires, Stainless Steel fine wires, and Stainless steel welding wires. The company has facilities for cold-finished bars and wires including coil-to-bar drawing and bar-to-bar peeling lines, heat treatment facilities, shot blasting and pickling lines, and spooling, cutting, and stamping lines for stainless steel welding products. Geographically, it derives a majority of its revenue from India.
52GF Score

Get the complete analysis for BOM:513511

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

₹302.75
Price
₹211.97
GF Value