Ind-Agiv Commerce (BOM:517077) Cyclically Adjusted PB Ratio: 2.15 (As of Sep. 15, 2026) — Near Median

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BOM:517077 Ind-Agiv Commerce Ltd BOM:517077
37 GF Score
Price ₹36.50
GF Value ₹19.94
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ind-Agiv Commerce Cyclically Adjusted PB Ratio?

Ind-Agiv Commerce BOM:517077 37 Cyclically Adjusted PB Ratio is 2.15 as of Sep. 15, 2026, which is 7% below its 10-year median of 2.32. GuruFocus rates BOM:517077 with a GF Score™ of 37/100 and a GF Value™ of ₹19.94 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,928 Hardware companies, Ind-Agiv Commerce ranks worse than 51.76% on this metric.

As of today (2026-09-15), Ind-Agiv Commerce's current share price is ₹36.50. Ind-Agiv Commerce's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹16.98. Ind-Agiv Commerce's Cyclically Adjusted PB Ratio for today is 2.15.

The historical rank and industry rank for Ind-Agiv Commerce's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:517077' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 2.32   Max: 5.39
Current: 2.15

During the past years, Ind-Agiv Commerce's highest Cyclically Adjusted PB Ratio was 5.39. The lowest was 0.54. And the median was 2.32.

BOM:517077's Cyclically Adjusted PB Ratio is ranked worse than
51.76% of 1928 companies
in the Hardware industry
Industry Median: 2.05 vs BOM:517077: 2.15

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ind-Agiv Commerce's adjusted book value per share data for the three months ended in Mar. 2026 was ₹-6.542. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹16.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ind-Agiv Commerce  (BOM:517077) 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.


Ind-Agiv Commerce Cyclically Adjusted PB Ratio Related Terms


Ind-Agiv Commerce Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ind-Agiv Commerce'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.

Ind-Agiv Commerce Cyclically Adjusted PB Ratio Chart

Ind-Agiv Commerce 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 0.62 1.29 1.81 5.20 2.11

Ind-Agiv Commerce Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 5.20 4.41 0.00 2.11

BOM:517077 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Ind-Agiv Commerce'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.


Ind-Agiv Commerce Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Ind-Agiv Commerce's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ind-Agiv Commerce's Cyclically Adjusted PB Ratio falls into.


BOM:517077
37GF Score
Ind-Agiv Commerce Ltd BOM:517077
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ind-Agiv Commerce 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.

Ind-Agiv Commerce's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.50/16.98
=2.15

* 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.

Ind-Agiv Commerce's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ind-Agiv Commerce's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-6.542/164.2724*164.2724
=-6.542

Current CPI (Mar. 2026) = 164.2724.

Ind-Agiv Commerce Quarterly Data

Book Value per Share CPI Adj_Book
201503 21.400 97.163 36.181
201506 0.000 99.841 0.000
201509 15.691 101.753 25.332
201512 0.000 102.901 0.000
201603 24.556 102.518 39.348
201606 0.000 105.961 0.000
201609 27.031 105.961 41.906
201703 38.623 105.196 60.313
201706 0.000 107.109 0.000
201803 26.720 109.786 39.981
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 49.191 118.202 68.364
201906 0.000 120.880 0.000
201909 48.598 123.175 64.813
201912 0.000 126.235 0.000
202003 57.128 124.705 75.254
202006 0.000 127.000 0.000
202009 48.816 130.118 61.630
202012 0.000 130.889 0.000
202103 33.582 131.771 41.865
202106 0.000 134.084 0.000
202109 39.128 135.847 47.315
202112 0.000 138.161 0.000
202203 12.425 138.822 14.703
202206 0.000 142.347 0.000
202209 14.874 144.661 16.890
202212 0.000 145.763 0.000
202303 -16.524 146.865 -18.483
202306 0.000 150.280 0.000
202309 -37.700 151.492 -40.881
202312 0.000 152.924 0.000
202403 -67.084 153.035 -72.010
202406 0.000 155.789 0.000
202409 -63.100 157.882 -65.654
202412 0.000 158.323 0.000
202503 -48.121 157.552 -50.174
202509 -23.280 162.289 -23.564
202512 0.000 163.281 0.000
202603 -6.542 164.272 -6.542

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.

What does a Cyclically Adjusted PB Ratio of 2.15 mean?
Ind-Agiv Commerce (BOM:517077) has a Cyclically Adjusted PB Ratio of 2.15 as of Sep. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ind-Agiv Commerce and its competitors. This is near median its historical median of 2.32. Over the past decade, Ind-Agiv Commerce's Cyclically Adjusted PB Ratio has ranged from 0.54 to 5.39. According to the industry distribution chart, Ind-Agiv Commerce ranks #998 out of 1928 companies in the Hardware industry, placing it in the top 51.8%.
Is Ind-Agiv Commerce's Cyclically Adjusted PB Ratio too high?
Ind-Agiv Commerce's current Cyclically Adjusted PB Ratio of 2.15 is near median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 5.39. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Ind-Agiv Commerce's value of 2.15 is 4.9% above this industry median. Based on the distribution chart, Ind-Agiv Commerce ranks #998 out of 1928 companies in the Hardware industry, which is below the industry midpoint. Overall, Ind-Agiv Commerce has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ind-Agiv Commerce's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Ind-Agiv Commerce ranks #998 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Ind-Agiv Commerce in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Ind-Agiv Commerce's value of 2.15 is 4.9% above this benchmark. Historically, Ind-Agiv Commerce's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 5.39 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 2.05, Ind-Agiv Commerce has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,928 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ind-Agiv Commerce's current Cyclically Adjusted PB Ratio of 2.15 is 4.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ind-Agiv Commerce and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ind-Agiv Commerce's current Cyclically Adjusted PB Ratio is 2.15, which is near median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ind-Agiv Commerce stock overvalued right now?
Based on GuruFocus' analysis, Ind-Agiv Commerce (BOM:517077) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹19.94, compared to a current price of ₹36.50 — trading 83% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.15, which is near median its 10-year median of 2.32 and 4.9% above the Hardware industry median of 2.05. Ind-Agiv Commerce's overall GF Score™ is 37/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ind-Agiv Commerce (BOM:517077), the current Cyclically Adjusted PB Ratio is 2.15 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ind-Agiv Commerce (BOM:517077) Overvalued in 2026?

Based on GuruFocus' analysis, Ind-Agiv Commerce stock appears to be overvalued. The current stock price of ₹36.50 is trading 83% above its estimated GF Value™ of ₹19.94. GuruFocus considers Ind-Agiv Commerce to be Significantly Overvalued.

Key valuation signals for BOM:517077:

  • Cyclically Adjusted PB Ratio: 2.15 (near median its 10-year median of 2.32)
  • GF Value™: ₹19.94 vs. price of ₹36.50 (83% above fair value)
  • GF Score™: 37/100 with 6 warning signs
  • Industry Position: 4.9% above the Hardware median (#998 of 1928)

No single metric tells the full story. See the BOM:517077 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ind-Agiv Commerce Business Description

Address Off. Ghatkopar-Andheri Link Road, Laxmi Nagar, 009-012 B- Wing, Kanara Business Centre, Ghatkopar (East), Mumbai, MH, IND, 400075
Ind-Agiv Commerce Ltd is an India-based company. The business operates through two segments comprising Paint and Audio Visual. It generates maximum revenue from the Audio Visual segment. The Audio Video Visual segment is engaged in providing audiovisual technologies and installation of programmers into the audio system. It generates maximum revenue from the sale of Paint.
37GF Score

Get the complete analysis for BOM:517077

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

₹36.50
Price
₹19.94
GF Value