Solid Stone Co (BOM:513699) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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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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:513699 Solid Stone Co Ltd BOM:513699
57 GF Score
Price ₹26.89
GF Value ₹29.75
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Solid Stone Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Solid Stone Co  (BOM:513699) 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.


Solid Stone Co Cyclically Adjusted PB Ratio Related Terms


Solid Stone Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solid Stone Co'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.

Solid Stone Co Cyclically Adjusted PB Ratio Chart

Solid Stone Co 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 0.59 0.73 0.67 0.73 0.49

Solid Stone Co 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 0.72 0.67 0.59 0.49 0.52

BOM:513699 vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Solid Stone Co'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.


Solid Stone Co Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Solid Stone Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Solid Stone Co's Cyclically Adjusted PB Ratio falls into.


BOM:513699
57GF Score
Solid Stone Co Ltd BOM:513699
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Solid Stone Co 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.

Solid Stone Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Solid Stone Co's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=42.55/164.2724*164.2724
=42.550

Current CPI (Mar26) = 164.2724.

Solid Stone Co Annual Data

Book Value per Share CPI Adj_Book
201703 35.809 105.196 55.919
201803 37.529 109.786 56.154
201903 38.795 118.202 53.916
202003 40.149 124.705 52.888
202103 38.743 131.771 48.299
202203 37.667 138.822 44.573
202303 38.728 146.865 43.318
202403 40.280 153.035 43.238
202503 41.607 157.552 43.382
202603 42.550 164.272 42.550

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 Solid Stone Co (BOM:513699) Overvalued in 2026?

Based on GuruFocus' analysis, Solid Stone Co stock appears to be undervalued. The current stock price of ₹26.89 is trading 9.6% below its estimated GF Value™ of ₹29.75. GuruFocus considers Solid Stone Co to be Modestly Undervalued.

Key valuation signals for BOM:513699:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹29.75 vs. price of ₹26.89 (9.6% below fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the BOM:513699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solid Stone Co Business Description

Address 1501, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400 021
Solid Stone Co Ltd is engaged in the processing, sale, and trading of natural and semi-precious stones. The company's only reportable segment being natural stones, building material, and allied building activities. Its products include natural stones, granite, semi-precious stones, mosaics and others.
57GF Score

Get the complete analysis for BOM:513699

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

₹26.89
Price
₹29.75
GF Value