Systematix Securities (BOM:531432) Cyclically Adjusted PB Ratio: (As of Sep. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:531432 Systematix Securities Ltd BOM:531432
60 GF Score
Price ₹13.00
GF Value ₹9.21
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Systematix Securities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Systematix Securities  (BOM:531432) 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.


Systematix Securities Cyclically Adjusted PB Ratio Related Terms


Systematix Securities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Systematix Securities'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.

Systematix Securities Cyclically Adjusted PB Ratio Chart

Systematix Securities 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 0.36 0.29 0.30 0.37 0.53

Systematix Securities 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 0.48 0.00 0.53 0.00

BOM:531432 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Systematix Securities'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.


Systematix Securities Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Systematix Securities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:531432
60GF Score
Systematix Securities Ltd BOM:531432
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Systematix Securities 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.

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

For example, Systematix Securities'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.

Systematix Securities Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.820 105.961 24.986
201612 0.000 105.196 0.000
201703 15.876 105.196 25.257
201706 0.000 107.109 0.000
201709 15.946 109.021 24.478
201712 0.000 109.404 0.000
201803 15.910 109.786 24.253
201806 0.000 111.317 0.000
201809 16.381 115.142 23.810
201812 0.000 115.142 0.000
201903 16.624 118.202 23.537
201906 0.000 120.880 0.000
201909 16.717 123.175 22.713
201912 0.000 126.235 0.000
202003 17.092 124.705 22.938
202006 0.000 127.000 0.000
202009 17.493 130.118 22.499
202012 0.000 130.889 0.000
202103 17.715 131.771 22.499
202106 0.000 134.084 0.000
202109 17.722 135.847 21.833
202112 0.000 138.161 0.000
202203 17.672 138.822 21.305
202206 0.000 142.347 0.000
202209 17.645 144.661 20.413
202212 0.000 145.763 0.000
202303 17.635 146.865 20.096
202306 0.000 150.280 0.000
202309 17.577 151.492 19.418
202312 0.000 152.924 0.000
202403 17.563 153.035 19.207
202406 0.000 155.789 0.000
202409 17.459 157.882 18.507
202412 0.000 158.323 0.000
202503 17.399 157.552 18.482
202506 0.000 159.755 0.000
202509 17.289 162.289 17.829
202512 0.000 163.281 0.000
202603 17.278 164.272 17.602
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 Systematix Securities (BOM:531432) Overvalued in 2026?

Based on GuruFocus' analysis, Systematix Securities stock appears to be overvalued. The current stock price of ₹13.00 is trading 41.2% above its estimated GF Value™ of ₹9.21. GuruFocus considers Systematix Securities to be Significantly Overvalued.

Key valuation signals for BOM:531432:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹9.21 vs. price of ₹13.00 (41.2% above fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the BOM:531432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Systematix Securities Business Description

Address 35, Old Industrial RIICO Area, Chittorgarh, RJ, IND, 312001
Systematix Securities Ltd is an investment advisory company. It is engaged in the provision of equity trading, leasing and equity research, and investment consultancy services.
60GF Score

Get the complete analysis for BOM:531432

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

₹13.00
Price
₹9.21
GF Value