Fine-Line Circuits (BOM:517264) Cyclically Adjusted PB Ratio: (As of Sep. 05, 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.
Reviewed by: Charlie Tian Charlie Tian
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:517264 Fine-Line Circuits Ltd BOM:517264
54 GF Score
Price ₹66.65
GF Value ₹108.61
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Fine-Line Circuits Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fine-Line Circuits  (BOM:517264) 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.


Fine-Line Circuits Cyclically Adjusted PB Ratio Related Terms


Fine-Line Circuits Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fine-Line Circuits'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.

Fine-Line Circuits Cyclically Adjusted PB Ratio Chart

Fine-Line Circuits 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 2.52 2.32 3.52 5.48 3.84

Fine-Line Circuits 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 4.03 0.00 3.84 0.00

BOM:517264 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Fine-Line Circuits'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.


Fine-Line Circuits Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Fine-Line Circuits's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fine-Line Circuits's Cyclically Adjusted PB Ratio falls into.


BOM:517264
54GF Score
Fine-Line Circuits Ltd BOM:517264
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fine-Line Circuits 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.

Fine-Line Circuits's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fine-Line Circuits'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.

Fine-Line Circuits Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.366 105.961 22.690
201612 0.000 105.196 0.000
201703 14.337 105.196 22.809
201706 0.000 107.109 0.000
201709 14.446 109.021 22.176
201712 0.000 109.404 0.000
201803 14.597 109.786 22.252
201806 0.000 111.317 0.000
201809 14.748 115.142 21.436
201812 0.000 115.142 0.000
201903 15.098 118.202 21.377
201906 0.000 120.880 0.000
201909 15.200 123.175 20.652
201912 0.000 126.235 0.000
202003 15.267 124.705 20.489
202006 0.000 127.000 0.000
202009 15.366 130.118 19.764
202012 0.000 130.889 0.000
202103 15.562 131.771 19.765
202106 0.000 134.084 0.000
202109 16.386 135.847 20.187
202112 0.000 138.161 0.000
202203 17.318 138.822 20.878
202206 0.000 142.347 0.000
202209 17.465 144.661 20.205
202212 0.000 145.763 0.000
202303 17.712 146.865 20.183
202306 0.000 150.280 0.000
202309 17.332 151.492 19.147
202312 0.000 152.924 0.000
202403 17.769 153.035 19.432
202406 0.000 155.789 0.000
202409 17.997 157.882 19.077
202412 0.000 158.323 0.000
202503 18.346 157.552 19.488
202506 0.000 159.755 0.000
202509 18.703 162.289 19.287
202512 0.000 163.281 0.000
202603 18.999 164.272 19.356
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 Fine-Line Circuits (BOM:517264) Overvalued in 2026?

Based on GuruFocus' analysis, Fine-Line Circuits stock appears to be undervalued. The current stock price of ₹66.65 is trading 38.6% below its estimated GF Value™ of ₹108.61. GuruFocus considers Fine-Line Circuits to be Significantly Undervalued.

Key valuation signals for BOM:517264:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹108.61 vs. price of ₹66.65 (38.6% below fair value)
  • GF Score™: 54/100 with 2 warning signs

No single metric tells the full story. See the BOM:517264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fine-Line Circuits Business Description

Address 145, SDF-V, Seepz (Special Economic Zone), Andheri (East), Mumbai, MH, IND, 400096
Fine-Line Circuits Ltd is engaged in the production and distribution of electrical components and related products. The company's product portfolio includes products like Printed circuit boards (PCBs) which also contribute maximum revenue. Its products comprise High-frequency microwave PCBs, Multilayer PCBs, High copper PCBs, Backplane PCBs, and Impedance-controlled PCBs. Geographically company generates revenue from the sale of PCBs from both India as well as exports outside India.
54GF Score

Get the complete analysis for BOM:517264

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

₹66.65
Price
₹108.61
GF Value