Tulsyan NEC (BOM:513629) Cyclically Adjusted PB Ratio: (As of Aug. 26, 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:513629 Tulsyan NEC Ltd BOM:513629
51 GF Score
Price ₹29.45
GF Value ₹43.76
Valuation Possible Value Trap
! 4 Warning Signs
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What is Tulsyan NEC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tulsyan NEC  (BOM:513629) 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.


Tulsyan NEC Cyclically Adjusted PB Ratio Related Terms


Tulsyan NEC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tulsyan NEC'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.

Tulsyan NEC Cyclically Adjusted PB Ratio Chart

Tulsyan NEC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Tulsyan NEC 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 0.00 0.00 0.00 0.00

BOM:513629 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Tulsyan NEC'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.


Tulsyan NEC Cyclically Adjusted PB Ratio vs Steel Industry

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

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


BOM:513629
51GF Score
Tulsyan NEC Ltd BOM:513629
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tulsyan NEC 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.

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

For example, Tulsyan NEC'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.

Tulsyan NEC Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.000 91.425 0.000
201403 95.342 91.425 174.528
201406 0.000 94.103 0.000
201503 72.298 97.163 124.529
201603 38.242 102.518 62.429
201703 -24.549 105.196 -39.055
201803 -131.452 109.786 -200.384
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 -277.619 118.202 -393.069
201906 0.000 120.880 0.000
201909 -334.312 123.175 -454.228
201912 0.000 126.235 0.000
202003 -422.783 124.705 -567.385
202006 0.000 127.000 0.000
202009 -514.682 130.118 -661.983
202012 0.000 130.889 0.000
202103 -431.035 131.771 -547.443
202106 0.000 134.084 0.000
202109 102.067 135.847 125.742
202112 0.000 138.161 0.000
202203 95.638 138.822 115.297
202206 0.000 142.347 0.000
202209 245.702 144.661 284.251
202212 0.000 145.763 0.000
202303 234.177 146.865 266.853
202306 0.000 150.280 0.000
202309 229.681 151.492 253.735
202312 0.000 152.924 0.000
202403 203.741 153.035 222.810
202406 0.000 155.789 0.000
202409 201.524 157.882 213.618
202412 0.000 158.323 0.000
202503 151.749 157.552 161.193
202506 0.000 159.755 0.000
202509 140.088 162.289 144.463
202512 0.000 163.281 0.000
202603 111.318 164.272 113.408
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 Tulsyan NEC (BOM:513629) Overvalued in 2026?

Based on GuruFocus' analysis, Tulsyan NEC stock appears to be undervalued. The current stock price of ₹29.45 is trading 32.7% below its estimated GF Value™ of ₹43.76. GuruFocus considers Tulsyan NEC to be Possible Value Trap.

Key valuation signals for BOM:513629:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹43.76 vs. price of ₹29.45 (32.7% below fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the BOM:513629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tulsyan NEC Business Description

Address Old No. 3, Nungambakkam High Road, Apex Plaza, 1st Floor, New No. 77, Chennai, TN, IND, 600 034
Tulsyan NEC Ltd operates in three segments i.e., (a) Steel Division; (b) Synthetic Division; and (c) Power. Its principal steel products are Thermo Mechanically Treated (TMT) bars. The company is recognized for being the first licensed rolling mill in South India to produce TMT steel rebars, utilizing modern machinery imported from Europe and maintaining a focus on technology, quality, and cost. Tulsyan NEC generates revenue predominantly through the sale of these steel bars, along with power and high-density polyethylene/polypropylene woven sacks under its packaging division. Its operations are concentrated mainly in South India.
51GF Score

Get the complete analysis for BOM:513629

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

₹29.45
Price
₹43.76
GF Value