Maxgrow India (BOM:521167) Cyclically Adjusted PB Ratio: (As of Sep. 11, 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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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:521167 Maxgrow India Ltd BOM:521167
31 GF Score
Price ₹188.85
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What is Maxgrow India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxgrow India  (BOM:521167) 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.


Maxgrow India Cyclically Adjusted PB Ratio Related Terms


Maxgrow India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maxgrow 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.

Maxgrow India Cyclically Adjusted PB Ratio Chart

Maxgrow India 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 0.15 0.14 0.13 0.10 0.40

Maxgrow 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 0.00 0.16 0.00 0.40 0.00

BOM:521167 vs RHI, KFY, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Maxgrow 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.


Maxgrow India Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Maxgrow India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:521167
31GF Score
Maxgrow India Ltd BOM:521167
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Maxgrow 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.

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

For example, Maxgrow 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Maxgrow India Quarterly Data

Book Value per Share CPI Adj_Book
201609 37.363 105.961 59.012
201612 0.000 105.196 0.000
201703 34.641 105.196 55.111
201706 0.000 107.109 0.000
201709 34.489 109.021 52.944
201712 0.000 109.404 0.000
201803 34.328 109.786 52.329
201806 0.000 111.317 0.000
201809 34.049 115.142 49.490
201812 0.000 115.142 0.000
201903 34.349 118.202 48.633
201906 0.000 120.880 0.000
201909 40.705 123.175 55.306
201912 69.256 126.235 91.817
202003 69.012 124.705 92.616
202006 68.961 127.000 90.875
202009 68.950 130.118 88.683
202012 0.000 130.889 0.000
202103 68.729 131.771 87.290
202106 0.000 134.084 0.000
202109 68.485 135.847 84.370
202112 0.000 138.161 0.000
202203 68.053 138.822 82.042
202206 0.000 142.347 0.000
202209 67.914 144.661 78.569
202212 0.000 145.763 0.000
202303 67.787 146.865 77.246
202306 0.000 150.280 0.000
202309 67.642 151.492 74.726
202312 0.000 152.924 0.000
202403 10.833 153.035 11.847
202406 0.000 155.789 0.000
202409 67.232 157.882 71.267
202412 0.000 158.323 0.000
202503 366.471 157.552 389.279
202506 0.000 159.755 0.000
202509 426.993 162.289 440.327
202512 0.000 163.281 0.000
202603 518.779 164.272 528.521
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.


Maxgrow India Business Description

Address Y. G. Seth Marg, Suchita Business Park, Ground Floor, Office No. UG-50, Ghatkopar - East, Mumbai, MH, IND, 400075
Maxgrow India Ltd is engaged in metals trading with presence in ferrous and nonferrous scrap metals, industrial solutions, sustainable recycling, and value-added metal processing. The company also focuses on large-scale infrastructure projects in the mining and recycling sectors.
31GF Score

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

₹188.85
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