Solar Industries India (BOM:532725) Cyclically Adjusted PB Ratio: 60.54 (As of Sep. 16, 2026) — 134% Above Median

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BOM:532725 Solar Industries India Ltd BOM:532725
97 GF Score
Price ₹19,250.00
GF Value ₹19,983.93
Valuation Fairly Valued
! 5 Warning Signs
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What is Solar Industries India Cyclically Adjusted PB Ratio?

Solar Industries India BOM:532725 -13.71% 97 Cyclically Adjusted PB Ratio is 60.54 as of Sep. 16, 2026, which is 134% above its 10-year median of 25.91. GuruFocus rates BOM:532725 with a GF Score™ of 97/100 and a GF Value™ of ₹19,983.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,099 Chemicals companies, Solar Industries India ranks worse than 90991.72% on this metric.

As of today (2026-09-16), Solar Industries India's current share price is ₹19250.00. Solar Industries India's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹317.97. Solar Industries India's Cyclically Adjusted PB Ratio for today is 60.54.

The historical rank and industry rank for Solar Industries India's Cyclically Adjusted PB Ratio or its related term are showing as below:

During the past years, Solar Industries India's highest Cyclically Adjusted PB Ratio was 74.82. The lowest was 8.45. And the median was 25.91.

BOM:532725's Cyclically Adjusted PB Ratio is not ranked *
in the Chemicals industry.
Industry Median: 1.67
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Solar Industries India's adjusted book value per share data for the three months ended in Jun. 2026 was ₹0.000. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹317.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solar Industries India  (BOM:532725) 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.


Solar Industries India Cyclically Adjusted PB Ratio Related Terms


Solar Industries India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solar Industries India'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.

Solar Industries India Cyclically Adjusted PB Ratio Chart

Solar Industries India 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 18.19 20.44 40.98 43.83 37.17

Solar Industries India 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 69.74 47.80 43.66 38.68 58.77

BOM:532725 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Solar Industries India'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.


Solar Industries India Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Industries India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:532725
97GF Score
Solar Industries India Ltd BOM:532725
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Solar Industries India 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.

Solar Industries India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19250.00/317.966
=60.54

* 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.

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

For example, Solar Industries India'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.

Solar Industries India Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 107.067 105.196 170.334
201706 0.000 107.109 0.000
201709 111.448 109.021 171.082
201712 0.000 109.404 0.000
201803 125.013 109.786 190.569
201806 0.000 111.317 0.000
201809 125.809 115.142 182.862
201812 0.000 115.142 0.000
201903 142.102 118.202 201.196
201906 0.000 120.880 0.000
201909 151.045 123.175 205.224
201912 0.000 126.235 0.000
202003 158.205 124.705 212.315
202006 0.000 127.000 0.000
202009 162.388 130.118 208.863
202012 0.000 130.889 0.000
202103 181.467 131.771 230.475
202106 0.000 134.084 0.000
202109 196.596 135.847 242.197
202112 0.000 138.161 0.000
202203 222.666 138.822 268.436
202206 0.000 142.347 0.000
202209 255.676 144.661 295.790
202212 0.000 145.763 0.000
202303 303.978 146.865 346.393
202306 0.000 150.280 0.000
202309 328.591 151.492 363.003
202312 0.000 152.924 0.000
202403 378.743 153.035 414.190
202406 0.000 155.789 0.000
202409 430.887 157.882 456.746
202412 0.000 158.323 0.000
202503 505.401 157.552 536.856
202506 0.000 159.755 0.000
202509 589.118 162.289 607.515
202512 0.000 163.281 0.000
202603 723.715 164.272 737.306
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.

What does a Cyclically Adjusted PB Ratio of 60.54 mean?
Solar Industries India (BOM:532725) has a Cyclically Adjusted PB Ratio of 60.54 as of Sep. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Solar Industries India and its competitors. This is 134% above median its historical median of 25.91. Over the past decade, Solar Industries India's Cyclically Adjusted PB Ratio has ranged from 8.45 to 74.82. According to the industry distribution chart, Solar Industries India ranks #999999 out of 1099 companies in the Chemicals industry.
Is Solar Industries India's Cyclically Adjusted PB Ratio too high?
Solar Industries India's current Cyclically Adjusted PB Ratio of 60.54 is 134% above median its 10-year median of 25.91. Over the past 10 years, this metric has ranged from a low of 8.45 to a high of 74.82. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Solar Industries India's value of 60.54 is 3525.1% above this industry median. Based on the distribution chart, Solar Industries India ranks #999999 out of 1099 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Solar Industries India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Solar Industries India's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Solar Industries India ranks #999999 out of 1099 companies for Cyclically Adjusted PB Ratio. This places Solar Industries India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Solar Industries India's value of 60.54 is 3525.1% above this benchmark. Historically, Solar Industries India's own Cyclically Adjusted PB Ratio has ranged from 8.45 to 74.82 over the past decade. While the company's 10-year median is 25.91 vs. the industry median of 1.67, Solar Industries India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,099 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solar Industries India's current Cyclically Adjusted PB Ratio of 60.54 is 3525.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Solar Industries India and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Industries India's current Cyclically Adjusted PB Ratio is 60.54, which is 134% above median its own 10-year median of 25.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Industries India stock overvalued right now?
Based on GuruFocus' analysis, Solar Industries India (BOM:532725) is currently considered Fairly Valued. The stock's GF Value™ is ₹19,983.93, compared to a current price of ₹19,250.00 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 60.54, which is 134% above median its 10-year median of 25.91 and 3525.1% above the Chemicals industry median of 1.67. Solar Industries India's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Solar Industries India (BOM:532725), the current Cyclically Adjusted PB Ratio is 60.54 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Solar Industries India (BOM:532725) Overvalued in 2026?

Based on GuruFocus' analysis, Solar Industries India stock appears to be undervalued. The current stock price of ₹19,250.00 is trading 3.7% below its estimated GF Value™ of ₹19,983.93. GuruFocus considers Solar Industries India to be Fairly Valued.

Key valuation signals for BOM:532725:

  • Cyclically Adjusted PB Ratio: 60.54 (134% above median its 10-year median of 25.91)
  • GF Value™: ₹19,983.93 vs. price of ₹19,250.00 (3.7% below fair value)
  • GF Score™: 97/100 with 5 warning signs
  • Industry Position: 3525.1% above the Chemicals median (#999999 of 1099)

No single metric tells the full story. See the BOM:532725 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solar Industries India Business Description

Other Exchanges SOLARINDS:India
Address Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023
Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.
97GF Score

Get the complete analysis for BOM:532725

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

₹19,250.00
Price
₹19,983.93
GF Value