Ramkrishna Forgings (BOM:532527) 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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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:532527 Ramkrishna Forgings Ltd BOM:532527
78 GF Score
Price ₹723.75
GF Value ₹732.94
Valuation Fairly Valued
! 8 Warning Signs
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What is Ramkrishna Forgings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramkrishna Forgings  (BOM:532527) 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.


Ramkrishna Forgings Cyclically Adjusted PB Ratio Related Terms


Ramkrishna Forgings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ramkrishna Forgings'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.

Ramkrishna Forgings Cyclically Adjusted PB Ratio Chart

Ramkrishna Forgings 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 3.16 5.02 9.93 9.26 4.68

Ramkrishna Forgings 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 7.98 6.28 6.06 4.68 5.57

BOM:532527 vs ATI, CRS, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Ramkrishna Forgings'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.


Ramkrishna Forgings Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ramkrishna Forgings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532527
78GF Score
Ramkrishna Forgings Ltd BOM:532527
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ramkrishna Forgings 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.

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

For example, Ramkrishna Forgings'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Ramkrishna Forgings Quarterly Data

Book Value per Share CPI Adj_Book
201106 72.298 0.000
201109 18.795 75.359 41.740
201112 75.359 0.000
201203 19.797 76.889 43.090
201206 79.567 0.000
201209 22.468 82.244 45.720
201212 83.774 0.000
201403 24.653 91.425 45.128
201503 29.874 97.163 51.456
201603 32.813 102.518 53.566
201703 34.184 105.196 54.384
201906 120.880 0.000
201909 54.081 123.175 73.480
201912 126.235 0.000
202003 51.555 124.705 69.188
202006 127.000 0.000
202009 52.287 130.118 67.251
202012 130.889 0.000
202103 53.057 131.771 67.386
202106 134.084 0.000
202109 59.443 135.847 73.231
202112 138.161 0.000
202203 65.228 138.822 78.636
202206 142.347 0.000
202209 74.184 144.661 85.823
202212 145.763 0.000
202303 80.449 146.865 91.674
202306 150.280 0.000
202309 93.900 151.492 103.734
202312 152.924 0.000
202403 143.737 153.035 157.190
202406 155.789 0.000
202409 162.726 157.882 172.492
202412 158.323 0.000
202503 166.057 157.552 176.392
202506 159.755 0.000
202509 169.658 162.289 174.956
202512 163.281 0.000
202603 179.386 164.272 182.755
202606 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 Ramkrishna Forgings (BOM:532527) Overvalued in 2026?

Based on GuruFocus' analysis, Ramkrishna Forgings stock appears to be undervalued. The current stock price of ₹723.75 is trading 1.3% below its estimated GF Value™ of ₹732.94. GuruFocus considers Ramkrishna Forgings to be Fairly Valued.

Key valuation signals for BOM:532527:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹732.94 vs. price of ₹723.75 (1.3% below fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the BOM:532527 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ramkrishna Forgings Business Description

Other Exchanges RKFORGE:India
Address 23, Circus Avenue, 9th Floor, Kolkata, WB, IND, 700 017
Ramkrishna Forgings Ltd is an Indian-based company, that engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. The company's forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and others. Geographically the company caters its services to both domestic and overseas markets.
78GF Score

Get the complete analysis for BOM:532527

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

₹723.75
Price
₹732.94
GF Value