Vesuvius India (BOM:520113) Cyclically Adjusted PB Ratio: 7.10 (As of Aug. 28, 2026) — 66% Above Median

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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:520113 Vesuvius India Ltd BOM:520113
82 GF Score
Price ₹422.45
GF Value ₹540.34
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Vesuvius India Cyclically Adjusted PB Ratio?

Vesuvius India BOM:520113 -0.31% 82 Cyclically Adjusted PB Ratio is 7.10 as of Aug. 28, 2026, which is 66% above its 10-year median of 4.28. GuruFocus rates BOM:520113 with a GF Score™ of 82/100 and a GF Value™ of ₹540.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,102 Industrial Products companies, Vesuvius India ranks worse than 87.96% on this metric.

As of today (2026-08-28), Vesuvius India's current share price is ₹422.45. Vesuvius India's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹59.54. Vesuvius India's Cyclically Adjusted PB Ratio for today is 7.10.

The historical rank and industry rank for Vesuvius India's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:520113' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.51   Med: 4.28   Max: 11.91
Current: 7.42

During the past years, Vesuvius India's highest Cyclically Adjusted PB Ratio was 11.91. The lowest was 2.51. And the median was 4.28.

BOM:520113's Cyclically Adjusted PB Ratio is ranked worse than
87.96% of 2102 companies
in the Industrial Products industry
Industry Median: 2.1 vs BOM:520113: 7.42

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.

Vesuvius India's adjusted book value per share data for the three months ended in Jun. 2026 was ₹86.161. 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 ₹59.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vesuvius India  (BOM:520113) 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.


Vesuvius India Cyclically Adjusted PB Ratio Related Terms


Vesuvius India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vesuvius India'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.

Vesuvius India Cyclically Adjusted PB Ratio Chart

Vesuvius India Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 3.93 7.89 9.05 8.60

Vesuvius India 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 10.47 0.00 8.60 0.00 7.71

BOM:520113 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Vesuvius India'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.


Vesuvius India Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vesuvius India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:520113
82GF Score
Vesuvius India Ltd BOM:520113
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vesuvius India 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.

Vesuvius India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=422.45/59.54
=7.10

* 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.

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

For example, Vesuvius India'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)
=86.161/167.3573*167.3573
=86.161

Current CPI (Jun. 2026) = 167.3573.

Vesuvius India Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 28.666 105.196 45.605
201703 0.000 105.196 0.000
201706 30.360 107.109 47.437
201709 0.000 109.021 0.000
201712 32.563 109.404 49.812
201803 0.000 109.786 0.000
201806 34.019 111.317 51.145
201809 0.000 115.142 0.000
201812 36.351 115.142 52.836
201903 0.000 118.202 0.000
201906 37.521 120.880 51.948
201909 0.000 123.175 0.000
201912 39.636 126.235 52.548
202003 0.000 124.705 0.000
202006 40.797 127.000 53.761
202009 0.000 130.118 0.000
202012 41.476 130.889 53.032
202103 0.000 131.771 0.000
202106 42.498 134.084 53.044
202109 0.000 135.847 0.000
202112 44.161 138.161 53.493
202203 0.000 138.822 0.000
202206 46.013 142.347 54.097
202209 0.000 144.661 0.000
202212 49.162 145.763 56.445
202303 0.000 146.865 0.000
202306 53.025 150.280 59.051
202309 0.000 151.492 0.000
202312 58.806 152.924 64.356
202403 0.000 153.035 0.000
202406 64.216 155.789 68.984
202409 0.000 157.882 0.000
202412 70.506 158.323 74.529
202503 0.000 157.552 0.000
202506 75.011 159.755 78.580
202509 0.000 162.289 0.000
202512 81.981 163.281 84.028
202603 0.000 164.272 0.000
202606 86.161 167.357 86.161

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 7.10 mean?
Vesuvius India (BOM:520113) has a Cyclically Adjusted PB Ratio of 7.10 as of Aug. 28, 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 Vesuvius India and its competitors. This is 66% above median its historical median of 4.28. Over the past decade, Vesuvius India's Cyclically Adjusted PB Ratio has ranged from 2.51 to 11.91. According to the industry distribution chart, Vesuvius India ranks #1849 out of 2102 companies in the Industrial Products industry, placing it in the top 88%.
Is Vesuvius India's Cyclically Adjusted PB Ratio too high?
Vesuvius India's current Cyclically Adjusted PB Ratio of 7.10 is 66% above median its 10-year median of 4.28. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 11.91. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Vesuvius India's value of 7.10 is 238.1% above this industry median. Based on the distribution chart, Vesuvius India ranks #1849 out of 2102 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Vesuvius India has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vesuvius India's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Vesuvius India ranks #1849 out of 2102 companies for Cyclically Adjusted PB Ratio. This places Vesuvius India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Vesuvius India's value of 7.10 is 238.1% above this benchmark. Historically, Vesuvius India's own Cyclically Adjusted PB Ratio has ranged from 2.51 to 11.91 over the past decade. While the company's 10-year median is 4.28 vs. the industry median of 2.10, Vesuvius India 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,102 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. Vesuvius India's current Cyclically Adjusted PB Ratio of 7.10 is 238.1% 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 Vesuvius India and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vesuvius India's current Cyclically Adjusted PB Ratio is 7.10, which is 66% above median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vesuvius India stock overvalued right now?
Based on GuruFocus' analysis, Vesuvius India (BOM:520113) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹540.34, compared to a current price of ₹422.45 — trading 21.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.10, which is 66% above median its 10-year median of 4.28 and 238.1% above the Industrial Products industry median of 2.10. Vesuvius India's overall GF Score™ is 82/100 with 2 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 Vesuvius India (BOM:520113), the current Cyclically Adjusted PB Ratio is 7.10 as of Aug. 28, 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 Vesuvius India (BOM:520113) Overvalued in 2026?

Based on GuruFocus' analysis, Vesuvius India stock appears to be undervalued. The current stock price of ₹422.45 is trading 21.8% below its estimated GF Value™ of ₹540.34. GuruFocus considers Vesuvius India to be Modestly Undervalued.

Key valuation signals for BOM:520113:

  • Cyclically Adjusted PB Ratio: 7.10 (66% above median its 10-year median of 4.28)
  • GF Value™: ₹540.34 vs. price of ₹422.45 (21.8% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 238.1% above the Industrial Products median (#1849 of 2102)

No single metric tells the full story. See the BOM:520113 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vesuvius India Business Description

Other Exchanges VESUVIUS:India
Address Taratala Road, P-104, Kolkata, WB, IND, 700088
Vesuvius India Ltd is mainly engaged in the manufacturing and trading of refractory goods and providing refractory-related services. It operates across the full metallurgical value chain, supporting multiple stages of production, from melting and refining to casting and finishing. The company offers: slide gate equipment and porous plugs; monolithic, pre-cast shapes and taphole clay; crucibles; as well as solutions like Durasleeve, a refractory sleeve designed for continuous casting applications; Anteris 360, a laser-based vessel scanning system; SEM3085, Atom, OptiClean+, Elby, etc., catering to the needs of various industries in extreme conditions. Geographically, the company generates maximum revenue from India, and also sells its products to a lesser extent outside India.
82GF Score

Get the complete analysis for BOM:520113

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

₹422.45
Price
₹540.34
GF Value