National Fittings (BOM:531289) Cyclically Adjusted PB Ratio: (As of Sep. 06, 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.
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:531289 National Fittings Ltd BOM:531289
69 GF Score
Price ₹234.65
GF Value ₹177.50
Valuation Significantly Overvalued
! 7 Warning Signs
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What is National Fittings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Fittings  (BOM:531289) 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 Fittings Cyclically Adjusted PB Ratio Related Terms


National Fittings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Fittings'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 Fittings Cyclically Adjusted PB Ratio Chart

National Fittings 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 1.24 1.13 1.75 1.90 2.06

National Fittings 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 2.56 0.00 2.06 0.00

BOM:531289 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, National Fittings'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 Fittings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, National Fittings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:531289
69GF Score
National Fittings Ltd BOM:531289
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, National Fittings'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.

National Fittings Quarterly Data

Book Value per Share CPI Adj_Book
201609 29.327 105.961 46.320
201612 0.000 105.196 0.000
201703 33.325 105.196 53.017
201706 0.000 107.109 0.000
201709 35.168 109.021 53.986
201712 0.000 109.404 0.000
201803 56.683 109.786 86.407
201806 0.000 111.317 0.000
201809 45.012 115.142 65.424
201812 0.000 115.142 0.000
201903 55.395 118.202 78.431
201906 0.000 120.880 0.000
201909 53.859 123.175 73.178
201912 0.000 126.235 0.000
202003 54.723 124.705 73.440
202006 0.000 127.000 0.000
202009 54.883 130.118 70.590
202012 0.000 130.889 0.000
202103 56.530 131.771 71.797
202106 0.000 134.084 0.000
202109 57.030 135.847 70.258
202112 0.000 138.161 0.000
202203 56.816 138.822 68.495
202206 0.000 142.347 0.000
202209 57.954 144.661 67.047
202212 0.000 145.763 0.000
202303 60.495 146.865 68.936
202306 0.000 150.280 0.000
202309 61.995 151.492 68.488
202312 0.000 152.924 0.000
202403 65.340 153.035 71.455
202406 0.000 155.789 0.000
202409 72.388 157.882 76.732
202412 0.000 158.323 0.000
202503 89.151 157.552 94.700
202506 0.000 159.755 0.000
202509 93.064 162.289 95.970
202512 0.000 163.281 0.000
202603 98.044 164.272 99.885
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 National Fittings (BOM:531289) Overvalued in 2026?

Based on GuruFocus' analysis, National Fittings stock appears to be overvalued. The current stock price of ₹234.65 is trading 32.2% above its estimated GF Value™ of ₹177.50. GuruFocus considers National Fittings to be Significantly Overvalued.

Key valuation signals for BOM:531289:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹177.50 vs. price of ₹234.65 (32.2% above fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the BOM:531289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Fittings Business Description

Address S F No 112/3D, Madhapur Road, Kaniyur Villlage, Sulur Taluk, Karumathampatti, Coimbatore, TN, IND, 641659
National Fittings Ltd is a manufacturer and sells SG Iron Grooved and Screwed Pipe Fittings, Stainless Pipe Fittings, and Ball Valves for industrial and non-industrial applications. It has only one reportable business segment, which is Manufacturing of Pipe Fittings. Geographically, the company generates a majority of its revenue from exports of its products to other countries and the rest from its customers within India.
69GF Score

Get the complete analysis for BOM:531289

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

₹234.65
Price
₹177.50
GF Value