Joindre Capital Services (BOM:531861) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: 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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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:531861 Joindre Capital Services Ltd BOM:531861
71 GF Score
Price ₹48.60
GF Value ₹45.52
Valuation Fairly Valued
! 5 Warning Signs
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What is Joindre Capital Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Joindre Capital Services  (BOM:531861) 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.


Joindre Capital Services Cyclically Adjusted PB Ratio Related Terms


Joindre Capital Services Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Joindre Capital Services'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.

Joindre Capital Services Cyclically Adjusted PB Ratio Chart

Joindre Capital Services Annual Data
Trend Mar02 Mar03 Mar04 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Joindre Capital Services 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 0.97 0.94 0.85 0.70 0.82

BOM:531861 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Joindre Capital Services'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.


Joindre Capital Services Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

* The bar in red indicates where Joindre Capital Services's Cyclically Adjusted PB Ratio falls into.


BOM:531861
71GF Score
Joindre Capital Services Ltd BOM:531861
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Joindre Capital Services 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.

Joindre Capital Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Joindre Capital Services's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=65.637/164.2724*164.2724
=65.637

Current CPI (Mar26) = 164.2724.

Joindre Capital Services Annual Data

Book Value per Share CPI Adj_Book
200203 12.897 38.805 54.597
200303 12.946 40.380 52.666
200403 13.557 41.790 53.291
202003 43.596 124.705 57.428
202103 46.780 131.771 58.319
202203 50.444 138.822 59.692
202303 51.847 146.865 57.992
202403 52.283 153.035 56.122
202503 57.486 157.552 59.938
202603 65.637 164.272 65.637

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 Joindre Capital Services (BOM:531861) Overvalued in 2026?

Based on GuruFocus' analysis, Joindre Capital Services stock appears to be overvalued. The current stock price of ₹48.60 is trading 6.8% above its estimated GF Value™ of ₹45.52. GuruFocus considers Joindre Capital Services to be Fairly Valued.

Key valuation signals for BOM:531861:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹45.52 vs. price of ₹48.60 (6.8% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the BOM:531861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joindre Capital Services Business Description

Address Homi Modi Street, 9/15 Bansilal Building, Office No. 29-32, 3rd Floor, Fort, Mumbai, MH, IND, 400023
Joindre Capital Services Ltd is engaged in the capital market business sector. The company provides various services like retail investment, institutional broking, mutual fund, derivatives, initial public offerings, internet trading, research, and others. The company has one business segment that is stock broking business and allied activities.
71GF Score

Get the complete analysis for BOM:531861

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

₹48.60
Price
₹45.52
GF Value