Munjal Showa (BOM:520043) Cyclically Adjusted PB Ratio: (As of Sep. 14, 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:520043 Munjal Showa Ltd BOM:520043
70 GF Score
Price ₹127.80
GF Value ₹153.96
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Munjal Showa Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Munjal Showa  (BOM:520043) 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.


Munjal Showa Cyclically Adjusted PB Ratio Related Terms


Munjal Showa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Munjal Showa'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.

Munjal Showa Cyclically Adjusted PB Ratio Chart

Munjal Showa 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 0.60 0.50 0.92 0.59 0.58

Munjal Showa 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 0.74 0.00 0.58 0.00

BOM:520043 vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Munjal Showa'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.


Munjal Showa Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Munjal Showa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:520043
70GF Score
Munjal Showa Ltd BOM:520043
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munjal Showa 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.

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

For example, Munjal Showa'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.

Munjal Showa Quarterly Data

Book Value per Share CPI Adj_Book
201609 121.386 105.961 191.720
201612 0.000 105.196 0.000
201703 128.183 105.196 203.928
201706 0.000 107.109 0.000
201709 133.000 109.021 204.167
201712 0.000 109.404 0.000
201803 142.423 109.786 217.108
201806 0.000 111.317 0.000
201809 146.098 115.142 212.352
201812 0.000 115.142 0.000
201903 152.665 118.202 216.152
201906 0.000 120.880 0.000
201909 154.051 123.175 209.308
201912 0.000 126.235 0.000
202003 158.158 124.705 212.252
202006 0.000 127.000 0.000
202009 154.419 130.118 198.613
202012 0.000 130.889 0.000
202103 160.369 131.771 203.679
202106 0.000 134.084 0.000
202109 156.905 135.847 193.300
202112 0.000 138.161 0.000
202203 159.367 138.822 192.126
202206 0.000 142.347 0.000
202209 156.816 144.661 181.419
202212 0.000 145.763 0.000
202303 162.830 146.865 185.550
202306 0.000 150.280 0.000
202309 161.899 151.492 178.854
202312 0.000 152.924 0.000
202403 166.083 153.035 181.627
202406 0.000 155.789 0.000
202409 165.107 157.882 175.016
202412 0.000 158.323 0.000
202503 168.639 157.552 179.135
202506 0.000 159.755 0.000
202509 166.811 162.289 172.020
202512 0.000 163.281 0.000
202603 169.528 164.272 172.712
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 Munjal Showa (BOM:520043) Overvalued in 2026?

Based on GuruFocus' analysis, Munjal Showa stock appears to be undervalued. The current stock price of ₹127.80 is trading 17% below its estimated GF Value™ of ₹153.96. GuruFocus considers Munjal Showa to be Modestly Undervalued.

Key valuation signals for BOM:520043:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹153.96 vs. price of ₹127.80 (17% below fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the BOM:520043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munjal Showa Business Description

Other Exchanges MUNJALSHOW:India
Address 9-11, Maruti Industrial Area, Sector 18, Gurugram, HR, IND, 122 015
Munjal Showa Ltd operates as an ancillary and manufactures auto components for the two-wheeler and four-wheeler industry. The company's primary products are front forks, shock absorbers, struts, gas springs, and window balancers. Geographically, it derives a majority of revenue from India. The company operates in the Auto Components segment.
70GF Score

Get the complete analysis for BOM:520043

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

₹127.80
Price
₹153.96
GF Value