Astral (BOM:532830) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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:532830 Astral Ltd BOM:532830
93 GF Score
Price ₹1,491.10
GF Value ₹1,864.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Astral Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Astral  (BOM:532830) 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.


Astral Cyclically Adjusted PB Ratio Related Terms


Astral Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Astral'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.

Astral Cyclically Adjusted PB Ratio Chart

Astral 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 36.34 23.92 28.58 16.34 17.17

Astral 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 15.77 0.00 17.17 0.00

BOM:532830 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Astral'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.


Astral Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:532830
93GF Score
Astral Ltd BOM:532830
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astral 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.

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

For example, Astral'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.

Astral Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.736 105.961 45.386
201612 0.000 105.196 0.000
201703 31.819 105.196 50.621
201706 0.000 107.109 0.000
201709 34.179 109.021 52.468
201712 0.000 109.404 0.000
201803 38.258 109.786 58.320
201806 0.000 111.317 0.000
201809 43.958 115.142 63.892
201812 0.000 115.142 0.000
201903 47.991 118.202 67.948
201906 0.000 120.880 0.000
201909 52.265 123.175 71.012
201912 0.000 126.235 0.000
202003 56.111 124.705 75.302
202006 0.000 127.000 0.000
202009 60.106 130.118 77.308
202012 0.000 130.889 0.000
202103 70.771 131.771 89.884
202106 0.000 134.084 0.000
202109 78.154 135.847 96.282
202112 0.000 138.161 0.000
202203 87.221 138.822 105.150
202206 0.000 142.347 0.000
202209 90.320 144.661 104.491
202212 0.000 145.763 0.000
202303 100.934 146.865 115.018
202306 0.000 150.280 0.000
202309 108.042 151.492 119.357
202312 0.000 152.924 0.000
202403 118.681 153.035 129.789
202406 0.000 155.789 0.000
202409 125.386 157.882 132.911
202412 0.000 158.323 0.000
202503 134.644 157.552 143.024
202506 0.000 159.755 0.000
202509 140.562 162.289 144.952
202512 0.000 163.281 0.000
202603 151.048 164.272 153.885
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 Astral (BOM:532830) Overvalued in 2026?

Based on GuruFocus' analysis, Astral stock appears to be undervalued. The current stock price of ₹1,491.10 is trading 20% below its estimated GF Value™ of ₹1,864.53. GuruFocus considers Astral to be Modestly Undervalued.

Key valuation signals for BOM:532830:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,864.53 vs. price of ₹1,491.10 (20% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the BOM:532830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astral Business Description

Other Exchanges ASTRAL:India
Address Off. S.G. Highway, Astral House, 207/1, Behind Rajpath Club, Ahmedabad, GJ, IND, 380059
Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial, and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing which is its key revenue generating segment, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.
93GF Score

Get the complete analysis for BOM:532830

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

₹1,491.10
Price
₹1,864.53
GF Value