Mirza International (BOM:526642) Cyclically Adjusted PB Ratio: (As of Aug. 24, 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
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:526642 Mirza International Ltd BOM:526642
66 GF Score
Price ₹31.19
GF Value ₹34.97
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Mirza International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mirza International  (BOM:526642) 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.


Mirza International Cyclically Adjusted PB Ratio Related Terms


Mirza International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mirza International'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.

Mirza International Cyclically Adjusted PB Ratio Chart

Mirza International 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 3.08 0.63 0.75 0.47 0.43

Mirza International 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 0.66 0.00 0.43 0.00

BOM:526642 vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Mirza International'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.


Mirza International Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mirza International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:526642
66GF Score
Mirza International Ltd BOM:526642
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mirza International 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.

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

For example, Mirza International'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.

Mirza International Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 40.744 105.961 64.352
201612 0.000 105.196 0.000
201703 41.730 105.196 66.389
201706 0.000 107.109 0.000
201709 44.335 109.021 68.058
201803 47.529 109.786 72.453
201806 0.000 111.317 0.000
201809 50.149 115.142 72.891
201812 0.000 115.142 0.000
201903 50.841 118.202 71.984
201906 0.000 120.880 0.000
201909 51.277 123.175 69.670
201912 0.000 126.235 0.000
202003 52.194 124.705 70.046
202006 0.000 127.000 0.000
202009 51.047 130.118 65.657
202012 0.000 130.889 0.000
202103 53.048 131.771 67.374
202106 0.000 134.084 0.000
202109 56.488 135.847 69.591
202112 0.000 138.161 0.000
202203 41.949 138.822 50.572
202206 0.000 142.347 0.000
202209 69.676 144.661 80.608
202212 0.000 145.763 0.000
202303 38.595 146.865 43.980
202306 0.000 150.280 0.000
202309 39.554 151.492 43.696
202312 0.000 152.924 0.000
202403 39.988 153.035 43.731
202406 0.000 155.789 0.000
202409 40.000 157.882 42.401
202412 0.000 158.323 0.000
202503 40.836 157.552 43.378
202506 0.000 159.755 0.000
202509 41.732 162.289 43.035
202512 0.000 163.281 0.000
202603 40.723 164.272 41.488
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 Mirza International (BOM:526642) Overvalued in 2026?

Based on GuruFocus' analysis, Mirza International stock appears to be undervalued. The current stock price of ₹31.19 is trading 10.8% below its estimated GF Value™ of ₹34.97. GuruFocus considers Mirza International to be Modestly Undervalued.

Key valuation signals for BOM:526642:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹34.97 vs. price of ₹31.19 (10.8% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the BOM:526642 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mirza International Business Description

Other Exchanges MIRZAINT:India
Address A-71, Sector 136, Gautam Buddha Nagar, Noida, UP, IND, 201 301
Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. The business segments of the company include the Footwear division and Tannery Division, where the majority is generated from Footwear. Geographically, the company generates the majority of its revenue from the UK. The brands of the company include Thomas Crick, Off the Hook, and Oaktrak.
66GF Score

Get the complete analysis for BOM:526642

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

₹31.19
Price
₹34.97
GF Value