Gratex Industries (BOM:526751) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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:526751 Gratex Industries Ltd BOM:526751
70 GF Score
Price ₹23.61
GF Value ₹29.74
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Gratex Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gratex Industries  (BOM:526751) 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.


Gratex Industries Cyclically Adjusted PB Ratio Related Terms


Gratex Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gratex 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.

Gratex Industries Cyclically Adjusted PB Ratio Chart

Gratex 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 0.86 1.18 1.42 1.56 1.34

Gratex 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 0.00 1.61 0.00 1.34 0.00

BOM:526751 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Gratex 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.


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

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

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


BOM:526751
70GF Score
Gratex Industries Ltd BOM:526751
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gratex 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.

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

For example, Gratex 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Gratex Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.756 105.961 13.829
201612 0.000 105.196 0.000
201703 8.889 105.196 14.142
201706 0.000 107.109 0.000
201709 9.238 109.021 14.181
201712 0.000 109.404 0.000
201803 9.625 109.786 14.672
201806 0.000 111.317 0.000
201809 9.569 115.142 13.908
201812 0.000 115.142 0.000
201903 9.644 118.202 13.655
201906 0.000 120.880 0.000
201909 9.904 123.175 13.457
201912 0.000 126.235 0.000
202003 10.179 124.705 13.660
202006 0.000 127.000 0.000
202009 10.225 130.118 13.151
202012 0.000 130.889 0.000
202103 10.293 131.771 13.073
202106 0.000 134.084 0.000
202109 10.404 135.847 12.817
202112 0.000 138.161 0.000
202203 10.619 138.822 12.802
202206 0.000 142.347 0.000
202209 10.921 144.661 12.634
202212 0.000 145.763 0.000
202303 11.236 146.865 12.804
202306 0.000 150.280 0.000
202309 11.358 151.492 12.547
202312 0.000 152.924 0.000
202403 11.546 153.035 12.627
202406 0.000 155.789 0.000
202409 11.596 157.882 12.292
202412 0.000 158.323 0.000
202503 12.006 157.552 12.753
202506 0.000 159.755 0.000
202509 12.166 162.289 12.546
202512 0.000 163.281 0.000
202603 12.366 164.272 12.598
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 Gratex Industries (BOM:526751) Overvalued in 2026?

Based on GuruFocus' analysis, Gratex Industries stock appears to be undervalued. The current stock price of ₹23.61 is trading 20.6% below its estimated GF Value™ of ₹29.74. GuruFocus considers Gratex Industries to be Modestly Undervalued.

Key valuation signals for BOM:526751:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹29.74 vs. price of ₹23.61 (20.6% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the BOM:526751 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gratex Industries Business Description

Address TTC Industrial Area, Gratex House, A73, MIDC, Kopar Khairne, Sanpada, Thane, Navi Mumbai, MH, IND, 400703
Gratex Industries Ltd engages in the business of trading, reselling and wholesale of wallpapers and related products. Geographically all business activities of the firm are carried out in India. It operates in single business segment: Manufacturing and Trading of Profiles, Catalogues, Digital Posters, Furnitures and Wall coverings.
70GF Score

Get the complete analysis for BOM:526751

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

₹23.61
Price
₹29.74
GF Value