Lippi Systems (BOM:526604) Cyclically Adjusted PB Ratio: 6.65 (As of Jul. 31, 2026) — 1915% Above Median

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:526604 Lippi Systems Ltd BOM:526604
25 GF Score
Price ₹270.30
! 3 Warning Signs
View Full Analysis

What is Lippi Systems Cyclically Adjusted PB Ratio?

Lippi Systems BOM:526604 +2.00% 25 Cyclically Adjusted PB Ratio is 6.65 as of Jul. 31, 2026, which is 1915% above its 10-year median of 0.33. GuruFocus rates BOM:526604 with a GF Score™ of 25/100. The stock has 3 warning signs investors should review. Among 2,266 Industrial Products companies, Lippi Systems ranks worse than 85.44% on this metric.

As of today (2026-07-31), Lippi Systems's current share price is ₹270.30. Lippi Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹40.64. Lippi Systems's Cyclically Adjusted PB Ratio for today is 6.65.

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

BOM:526604' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.33   Max: 6.53
Current: 6.53

During the past years, Lippi Systems's highest Cyclically Adjusted PB Ratio was 6.53. The lowest was 0.16. And the median was 0.33.

BOM:526604's Cyclically Adjusted PB Ratio is ranked worse than
85.44% of 2266 companies
in the Industrial Products industry
Industry Median: 2.08 vs BOM:526604: 6.53

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.

Lippi Systems's adjusted book value per share data for the three months ended in Mar. 2026 was ₹35.588. 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 ₹40.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lippi Systems  (BOM:526604) 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.


Lippi Systems Cyclically Adjusted PB Ratio Related Terms


Lippi Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lippi Systems'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.

Lippi Systems Cyclically Adjusted PB Ratio Chart

Lippi Systems 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 0.45 0.31 0.37 0.50 0.87

Lippi Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.50 0.00 0.70 0.00 0.87

BOM:526604 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Lippi Systems'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.


Lippi Systems Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


BOM:526604
25GF Score
Lippi Systems Ltd BOM:526604
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lippi Systems 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.

Lippi Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=270.30/40.64
=6.65

* 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.

Lippi Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lippi Systems's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=35.588/164.2724*164.2724
=35.588

Current CPI (Mar. 2026) = 164.2724.

Lippi Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 30.351 105.961 47.053
201612 0.000 105.196 0.000
201703 31.618 105.196 49.374
201706 0.000 107.109 0.000
201709 32.528 109.021 49.013
201712 0.000 109.404 0.000
201803 32.989 109.786 49.361
201806 0.000 111.317 0.000
201809 33.818 115.142 48.248
201812 0.000 115.142 0.000
201903 34.127 118.202 47.428
201906 0.000 120.880 0.000
201909 34.521 123.175 46.039
201912 0.000 126.235 0.000
202003 34.350 124.705 45.249
202006 0.000 127.000 0.000
202009 34.035 130.118 42.969
202012 0.000 130.889 0.000
202103 33.800 131.771 42.137
202106 0.000 134.084 0.000
202109 33.906 135.847 41.001
202112 0.000 138.161 0.000
202203 34.774 138.822 41.149
202206 0.000 142.347 0.000
202209 32.973 144.661 37.443
202212 0.000 145.763 0.000
202303 32.471 146.865 36.320
202306 0.000 150.280 0.000
202309 32.003 151.492 34.703
202312 31.605 152.924 33.950
202403 31.250 153.035 33.545
202406 0.000 155.789 0.000
202409 30.641 157.882 31.881
202412 0.000 158.323 0.000
202503 30.188 157.552 31.476
202506 0.000 159.755 0.000
202509 29.218 162.289 29.575
202512 0.000 163.281 0.000
202603 35.588 164.272 35.588

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 6.65 mean?
Lippi Systems (BOM:526604) has a Cyclically Adjusted PB Ratio of 6.65 as of Jul. 31, 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 Lippi Systems and its competitors. This is 1915% above median its historical median of 0.33. Over the past decade, Lippi Systems' Cyclically Adjusted PB Ratio has ranged from 0.16 to 6.53. According to the industry distribution chart, Lippi Systems ranks #1936 out of 2266 companies in the Industrial Products industry, placing it in the top 85.4%.
Is Lippi Systems' Cyclically Adjusted PB Ratio too high?
Lippi Systems' current Cyclically Adjusted PB Ratio of 6.65 is 1915% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 6.53. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Lippi Systems' value of 6.65 is 219.7% above this industry median. Based on the distribution chart, Lippi Systems ranks #1936 out of 2266 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Lippi Systems has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Lippi Systems' Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Lippi Systems ranks #1936 out of 2266 companies for Cyclically Adjusted PB Ratio. This places Lippi Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Lippi Systems' value of 6.65 is 219.7% above this benchmark. Historically, Lippi Systems' own Cyclically Adjusted PB Ratio has ranged from 0.16 to 6.53 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 2.08, Lippi Systems 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 2.08, based on 2,266 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. Lippi Systems's current Cyclically Adjusted PB Ratio of 6.65 is 219.7% 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 Lippi Systems and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lippi Systems's current Cyclically Adjusted PB Ratio is 6.65, which is 1915% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lippi Systems stock overvalued right now?
Lippi Systems (BOM:526604) has a current Cyclically Adjusted PB Ratio of 6.65. The current Cyclically Adjusted PB Ratio is 6.65, which is 1915% above median its 10-year median of 0.33 and 219.7% above the Industrial Products industry median of 2.08. Lippi Systems' overall GF Score™ is 25/100 with 3 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 Lippi Systems (BOM:526604), the current Cyclically Adjusted PB Ratio is 6.65 as of Jul. 31, 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.

Lippi Systems Business Description

Address 132ft Ring Road, Satellite, 3rd Floor, Satya Complex, Opposite IOC Petrol Pump, Near Ashwamegh-IV, Ahmedabad, GJ, IND, 380015
Lippi Systems Ltd is engaged in the manufacture of rotogravure cylinders by digital engraving process in India. The company's business segments namely Manufacturing of engravioures & Coating of Metals and Power Generation Windfarm. Its products are used in rotogravure printing, anilox rollers for flexo, adhesive coating, and decorative printing. The company generates revenue from the Power Generation Windfarm.
25GF Score

Get the complete analysis for BOM:526604

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

₹270.30
Price