Eimco Elecon India (BOM:523708) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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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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:523708 Eimco Elecon India Ltd BOM:523708
78 GF Score
Price ₹2,280.35
GF Value ₹1,920.30
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Eimco Elecon India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Eimco Elecon India  (BOM:523708) 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.


Eimco Elecon India Cyclically Adjusted PB Ratio Related Terms


Eimco Elecon India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eimco Elecon 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.

Eimco Elecon India Cyclically Adjusted PB Ratio Chart

Eimco Elecon 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 0.52 0.58 2.33 2.06 1.96

Eimco Elecon 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 2.41 0.00 1.96 0.00

BOM:523708 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon 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.


Eimco Elecon India Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:523708
78GF Score
Eimco Elecon India Ltd BOM:523708
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eimco Elecon 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.

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

For example, Eimco Elecon 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.

Eimco Elecon India Quarterly Data

Book Value per Share CPI Adj_Book
201609 456.656 105.961 721.253
201612 0.000 105.196 0.000
201703 488.261 105.196 776.779
201706 0.000 107.109 0.000
201709 485.326 109.021 745.017
201712 0.000 109.404 0.000
201803 510.737 109.786 778.562
201806 0.000 111.317 0.000
201809 518.622 115.142 753.811
201812 0.000 115.142 0.000
201903 544.939 118.202 771.556
201906 0.000 120.880 0.000
201909 540.777 123.175 734.751
201912 0.000 126.235 0.000
202003 552.933 124.705 742.050
202006 0.000 127.000 0.000
202009 561.533 130.118 722.242
202012 0.000 130.889 0.000
202103 567.461 131.771 720.713
202106 0.000 134.084 0.000
202109 567.650 135.847 699.319
202112 0.000 138.161 0.000
202203 577.046 138.822 695.661
202206 0.000 142.347 0.000
202209 582.872 144.661 674.320
202212 0.000 145.763 0.000
202303 608.064 146.865 692.910
202306 0.000 150.280 0.000
202309 631.084 151.492 697.176
202312 0.000 152.924 0.000
202403 669.505 153.035 732.165
202406 0.000 155.789 0.000
202409 712.778 157.882 755.554
202412 0.000 158.323 0.000
202503 748.858 157.552 795.465
202506 0.000 159.755 0.000
202509 778.244 162.289 802.548
202512 0.000 163.281 0.000
202603 810.519 164.272 825.740
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 Eimco Elecon India (BOM:523708) Overvalued in 2026?

Based on GuruFocus' analysis, Eimco Elecon India stock appears to be overvalued. The current stock price of ₹2,280.35 is trading 18.7% above its estimated GF Value™ of ₹1,920.30. GuruFocus considers Eimco Elecon India to be Modestly Overvalued.

Key valuation signals for BOM:523708:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,920.30 vs. price of ₹2,280.35 (18.7% above fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the BOM:523708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eimco Elecon India Business Description

Other Exchanges EIMCOELECO:India
Address Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388120
Eimco Elecon India Ltd is engaged in the business of manufacturing and supplying equipment for the mining and construction sector. Its products include Load Haul Dumpers (LHDs), Side Dump Loaders, Coal Haulers, Drilling Equipment, Continuous Miner Package, Chair Lift Man Riding System, UV-A-BE (Fully Battery Operated - Multi Utility Vehicle), and MCAR-E (Fully Battery Operated - Passenger Vehicle). The company operates in one segment, Machinery and Spares. It sells its products in India, which generates the majority of revenue, and also exports them to other countries.
78GF Score

Get the complete analysis for BOM:523708

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

₹2,280.35
Price
₹1,920.30
GF Value