Nitco (BOM:532722) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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:532722 Nitco Ltd BOM:532722
43 GF Score
Price ₹93.77
GF Value ₹61.11
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Nitco Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nitco  (BOM:532722) 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.


Nitco Cyclically Adjusted PB Ratio Related Terms


Nitco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nitco'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.

Nitco Cyclically Adjusted PB Ratio Chart

Nitco 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 0.00 0.00 0.00 2.82 7.87

Nitco 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 4.53 0.00 7.87 0.00

BOM:532722 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Nitco'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.


Nitco Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:532722
43GF Score
Nitco Ltd BOM:532722
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitco 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.

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

For example, Nitco'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.

Nitco Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 83.388 85.687 162.867
201403 16.490 91.425 30.186
201503 -6.867 97.163 -11.828
201603 -17.513 102.518 -28.589
201703 -23.642 105.196 -37.612
201803 22.993 109.786 35.050
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 15.547 118.202 22.012
201906 0.000 120.880 0.000
201909 9.797 123.175 13.311
201912 0.000 126.235 0.000
202003 8.871 124.705 11.905
202006 0.000 127.000 0.000
202009 -0.028 130.118 -0.036
202012 0.000 130.889 0.000
202103 -10.099 131.771 -12.826
202106 0.000 134.084 0.000
202109 -18.324 135.847 -22.574
202112 0.000 138.161 0.000
202203 -27.599 138.822 -33.272
202206 0.000 142.347 0.000
202209 -37.972 144.661 -43.930
202212 0.000 145.763 0.000
202303 -48.605 146.865 -55.387
202306 0.000 150.280 0.000
202309 -57.596 151.492 -63.628
202312 0.000 152.924 0.000
202403 -71.274 153.035 -77.945
202406 0.000 155.789 0.000
202409 -82.150 157.882 -87.080
202412 0.000 158.323 0.000
202503 10.783 157.552 11.454
202506 0.000 159.755 0.000
202509 13.187 162.289 13.599
202512 0.000 163.281 0.000
202603 15.168 164.272 15.453
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 Nitco (BOM:532722) Overvalued in 2026?

Based on GuruFocus' analysis, Nitco stock appears to be overvalued. The current stock price of ₹93.77 is trading 53.4% above its estimated GF Value™ of ₹61.11. GuruFocus considers Nitco to be Significantly Overvalued.

Key valuation signals for BOM:532722:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹61.11 vs. price of ₹93.77 (53.4% above fair value)
  • GF Score™: 43/100 with 5 warning signs

No single metric tells the full story. See the BOM:532722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitco Business Description

Other Exchanges NITCO:India
Address 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, MH, IND, 400 030
Nitco Ltd is an Indian company engaged in manufacturing and providing ceramic products, including floor/wall tiles, processing of marble, and outsourcing of vitrified tiles. It is also engaged in real estate development. The company portfolio comprises a range of tiles, marbles, mosaics, and development for real estate projects. Its segments include tiles and other related products, and real estate. The firm derives the majority of its revenue from tiles and other related products within India.
43GF Score

Get the complete analysis for BOM:532722

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

₹93.77
Price
₹61.11
GF Value