Mukat Pipes (BOM:523832) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.
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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:523832 Mukat Pipes Ltd BOM:523832
54 GF Score
Price ₹14.19
GF Value ₹19.74
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Mukat Pipes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mukat Pipes  (BOM:523832) 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.


Mukat Pipes Cyclically Adjusted PB Ratio Related Terms


Mukat Pipes Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Mukat Pipes'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.

Mukat Pipes Cyclically Adjusted PB Ratio Chart

Mukat Pipes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Mukat Pipes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26 Jun26
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BOM:523832 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Mukat Pipes'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.


Mukat Pipes Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Mukat Pipes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:523832
54GF Score
Mukat Pipes Ltd BOM:523832
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mukat Pipes 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.

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

For example, Mukat Pipes'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Mukat Pipes Quarterly Data

Book Value per Share CPI Adj_Book
201606 105.961 0.000
201609 -4.353 105.961 -6.875
201612 105.196 0.000
201703 -5.145 105.196 -8.185
201706 107.109 0.000
201709 -5.101 109.021 -7.830
201712 109.404 0.000
201803 -5.738 109.786 -8.747
201806 111.317 0.000
201809 -5.076 115.142 -7.378
201812 115.142 0.000
201903 -6.031 118.202 -8.539
201906 120.880 0.000
201909 -5.472 123.175 -7.435
201912 126.235 0.000
202003 -6.072 124.705 -8.149
202006 127.000 0.000
202009 -5.731 130.118 -7.371
202012 130.889 0.000
202103 -6.151 131.771 -7.812
202106 134.084 0.000
202109 -5.961 135.847 -7.344
202112 138.161 0.000
202203 -6.249 138.822 -7.534
202206 142.347 0.000
202209 -6.159 144.661 -7.125
202212 145.763 0.000
202303 -6.477 146.865 -7.381
202306 150.280 0.000
202309 -5.943 151.492 -6.565
202312 152.924 0.000
202403 -6.164 153.035 -6.741
202406 155.789 0.000
202409 -5.763 157.882 -6.109
202412 158.323 0.000
202503 -6.299 157.552 -6.691
202506 159.755 0.000
202512 163.281 0.000
202603 -5.767 164.272 -5.875
202606 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 Mukat Pipes (BOM:523832) Overvalued in 2026?

Based on GuruFocus' analysis, Mukat Pipes stock appears to be undervalued. The current stock price of ₹14.19 is trading 28.1% below its estimated GF Value™ of ₹19.74. GuruFocus considers Mukat Pipes to be Modestly Undervalued.

Key valuation signals for BOM:523832:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹19.74 vs. price of ₹14.19 (28.1% below fair value)
  • GF Score™: 54/100 with 5 warning signs

No single metric tells the full story. See the BOM:523832 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mukat Pipes Business Description

Address Panch Marg, Yari Road, B-1106, Raj Classic CHS Ltd, Versova, Andheri West, Mumbai, MH, IND, 400061
Mukat Pipes Ltd is an India-based company that operates in the steel pipe business. The company is involved in the manufacturing of Longitudinal and Helical pipes. The products offered by the company include MS shells for Infrastructure, Longitudinal Submerged Arc Welded (SAW) pipes, Spiral SAW pipes, Site pipe fabrication, and Penstock pipes. It has a single primary business segment, which is Longitudinal and Helical Pipes. Geographically, the company operates in India.
54GF Score

Get the complete analysis for BOM:523832

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

₹14.19
Price
₹19.74
GF Value