Nikhil Adhesives (BOM:526159) Cyclically Adjusted PB Ratio: (As of Aug. 31, 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:526159 Nikhil Adhesives Ltd BOM:526159
67 GF Score
Price ₹82.45
GF Value ₹113.13
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nikhil Adhesives Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nikhil Adhesives  (BOM:526159) 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.


Nikhil Adhesives Cyclically Adjusted PB Ratio Related Terms


Nikhil Adhesives Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nikhil Adhesives'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.

Nikhil Adhesives Cyclically Adjusted PB Ratio Chart

Nikhil Adhesives 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 7.98 8.87 9.31 5.63 3.35

Nikhil Adhesives 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 5.85 0.00 3.35 0.00

BOM:526159 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Nikhil Adhesives'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.


Nikhil Adhesives Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:526159
67GF Score
Nikhil Adhesives Ltd BOM:526159
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikhil Adhesives 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.

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

For example, Nikhil Adhesives'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.

Nikhil Adhesives Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.301 105.961 6.793
201612 0.000 105.196 0.000
201703 4.571 105.196 7.272
201706 0.000 107.109 0.000
201709 5.015 109.021 7.698
201712 0.000 109.404 0.000
201803 7.626 109.786 11.625
201806 0.000 111.317 0.000
201809 8.093 115.142 11.763
201812 0.000 115.142 0.000
201903 8.609 118.202 12.189
201906 0.000 120.880 0.000
201909 9.369 123.175 12.730
201912 0.000 126.235 0.000
202003 9.941 124.705 13.341
202006 0.000 127.000 0.000
202009 10.117 130.118 13.012
202012 0.000 130.889 0.000
202103 13.252 131.771 16.831
202106 0.000 134.084 0.000
202109 16.157 135.847 19.905
202112 0.000 138.161 0.000
202203 18.600 138.822 22.423
202206 0.000 142.347 0.000
202209 20.704 144.661 23.952
202212 0.000 145.763 0.000
202303 22.129 146.865 25.217
202306 0.000 150.280 0.000
202309 23.370 151.492 25.817
202312 0.000 152.924 0.000
202403 24.811 153.035 27.133
202406 0.000 155.789 0.000
202409 26.811 157.882 28.420
202412 0.000 158.323 0.000
202503 28.247 157.552 30.005
202506 0.000 159.755 0.000
202509 29.600 162.289 30.524
202512 0.000 163.281 0.000
202603 31.698 164.272 32.293
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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?

Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued. The current stock price of ₹82.45 is trading 27.1% below its estimated GF Value™ of ₹113.13. GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.

Key valuation signals for BOM:526159:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹113.13 vs. price of ₹82.45 (27.1% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikhil Adhesives Business Description

Address Sahar Road, Kaledonia HDIL Building, 902, 9th Floor, A-Wing, Opposite D-Mart, Andheri (East), Mumbai, MH, IND, 400069
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
67GF Score

Get the complete analysis for BOM:526159

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

₹82.45
Price
₹113.13
GF Value