Alfa Ica (India) (BOM:530973) Cyclically Adjusted PB Ratio: (As of Sep. 05, 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:530973 Alfa Ica (India) Ltd BOM:530973
65 GF Score
Price ₹89.00
GF Value ₹102.08
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Alfa Ica (India) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alfa Ica (India)  (BOM:530973) 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.


Alfa Ica (India) Cyclically Adjusted PB Ratio Related Terms


Alfa Ica (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alfa Ica (India)'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.

Alfa Ica (India) Cyclically Adjusted PB Ratio Chart

Alfa Ica (India) 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 1.05 0.85 1.16 1.44 1.50

Alfa Ica (India) 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 1.57 0.00 1.50 0.00

BOM:530973 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Alfa Ica (India)'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.


Alfa Ica (India) Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Alfa Ica (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alfa Ica (India)'s Cyclically Adjusted PB Ratio falls into.


BOM:530973
65GF Score
Alfa Ica (India) Ltd BOM:530973
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alfa Ica (India) 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.

Alfa Ica (India)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Alfa Ica (India)'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.

Alfa Ica (India) Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.754 105.961 48.574
201612 0.000 105.196 0.000
201703 31.839 105.196 50.653
201706 0.000 107.109 0.000
201709 33.198 109.021 50.962
201712 0.000 109.404 0.000
201803 34.754 109.786 52.979
201806 0.000 111.317 0.000
201809 34.736 115.142 50.488
201812 0.000 115.142 0.000
201903 36.659 118.202 51.904
201906 0.000 120.880 0.000
201909 37.001 123.175 50.273
201912 0.000 126.235 0.000
202003 38.506 124.705 51.676
202006 0.000 127.000 0.000
202009 39.844 130.118 51.247
202012 0.000 130.889 0.000
202103 42.033 131.771 53.385
202106 0.000 134.084 0.000
202109 43.877 135.847 54.054
202112 0.000 138.161 0.000
202203 46.064 138.822 55.533
202206 0.000 142.347 0.000
202209 47.783 144.661 55.280
202212 0.000 145.763 0.000
202303 49.720 146.865 56.658
202306 0.000 150.280 0.000
202309 51.514 151.492 56.909
202312 0.000 152.924 0.000
202403 53.899 153.035 58.944
202406 0.000 155.789 0.000
202409 56.132 157.882 59.501
202412 0.000 158.323 0.000
202503 57.477 157.552 61.054
202506 0.000 159.755 0.000
202509 59.825 162.289 61.693
202512 0.000 163.281 0.000
202603 62.199 164.272 63.367
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 Alfa Ica (India) (BOM:530973) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Ica (India) stock appears to be undervalued. The current stock price of ₹89.00 is trading 12.8% below its estimated GF Value™ of ₹102.08. GuruFocus considers Alfa Ica (India) to be Modestly Undervalued.

Key valuation signals for BOM:530973:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹102.08 vs. price of ₹89.00 (12.8% below fair value)
  • GF Score™: 65/100 with 1 warning sign

No single metric tells the full story. See the BOM:530973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alfa Ica (India) Business Description

Address Satellite Road, Alfa Pallazzo, Near Shivranjani Cross Road, Jodhpur Village, Ahmedabad, GJ, IND, 380015
Alfa Ica (India) Ltd is an India-based company engaged in the process of manufacturing High-Pressure Laminate Sheets and Compacts, which are available in different colors, designs, and textures. The Laminate sheets are used for various applications in areas including Furniture Covering, Wall Paneling, Partitions, Door Covering, and Shower Panels. It generates revenue from Decorative laminates. Geographically, it derives a majority of its revenue from its customers located outside India.
65GF Score

Get the complete analysis for BOM:530973

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

₹89.00
Price
₹102.08
GF Value