National Plastic Industries (BOM:526616) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan 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
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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:526616 National Plastic Industries Ltd BOM:526616
61 GF Score
Price ₹39.50
GF Value ₹56.36
Valuation Significantly Undervalued
! 3 Warning Signs
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What is National Plastic Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Plastic Industries  (BOM:526616) 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.


National Plastic Industries Cyclically Adjusted PB Ratio Related Terms


National Plastic Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Plastic Industries'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.

National Plastic Industries Cyclically Adjusted PB Ratio Chart

National Plastic Industries 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 1.10 1.05 1.75 1.42 0.92

National Plastic Industries 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 1.60 1.38 1.33 0.92 0.97

BOM:526616 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, National Plastic Industries'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.


National Plastic Industries Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, National Plastic Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where National Plastic Industries's Cyclically Adjusted PB Ratio falls into.


BOM:526616
61GF Score
National Plastic Industries Ltd BOM:526616
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Plastic Industries 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.

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

For example, National Plastic Industries'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.

National Plastic Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 27.615 105.961 43.616
201612 105.196 0.000
201703 24.646 105.196 39.210
201706 107.109 0.000
201709 27.637 109.021 42.425
201712 109.404 0.000
201803 28.269 109.786 43.093
201806 111.317 0.000
201809 30.287 115.142 44.022
201812 115.142 0.000
201903 29.275 118.202 41.449
201906 120.880 0.000
201909 30.301 123.175 41.170
201912 126.235 0.000
202003 30.027 124.705 40.297
202006 127.000 0.000
202009 130.118 0.000
202012 130.889 0.000
202103 32.671 131.771 41.494
202106 134.084 0.000
202109 32.481 135.847 40.015
202112 138.161 0.000
202203 34.946 138.822 42.129
202206 142.347 0.000
202209 36.113 144.661 41.779
202212 145.763 0.000
202303 39.752 146.865 45.299
202306 150.280 0.000
202309 41.085 151.492 45.388
202312 152.924 0.000
202403 41.666 153.035 45.566
202406 155.789 0.000
202409 43.053 157.882 45.637
202412 158.323 0.000
202503 45.860 157.552 48.714
202506 159.755 0.000
202509 48.569 162.289 50.086
202512 163.281 0.000
202603 49.866 164.272 50.802
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 National Plastic Industries (BOM:526616) Overvalued in 2026?

Based on GuruFocus' analysis, National Plastic Industries stock appears to be undervalued. The current stock price of ₹39.50 is trading 29.9% below its estimated GF Value™ of ₹56.36. GuruFocus considers National Plastic Industries to be Significantly Undervalued.

Key valuation signals for BOM:526616:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹56.36 vs. price of ₹39.50 (29.9% below fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the BOM:526616 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Plastic Industries Business Description

Address Subhash Road, Opposite Garware Lane, 4th Floor, Vilco Center, Victory Society, Navpada, Vile Parle East, Mumbai, MH, IND, 400057
National Plastic Industries Ltd mainly produces plastic products in India. The firm is engaged in the manufacturing and sale of household furniture. It offers a range of furniture products, such as high-back chairs, mid-range chairs, without armchairs, accessories, stools, baby products, planters and storage products, and housewares, such as buckets, chopping boards, laundry baskets, and Others.
61GF Score

Get the complete analysis for BOM:526616

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

₹39.50
Price
₹56.36
GF Value