Nitin Fire Protection Industries (BOM:532854) Cyclically Adjusted PB Ratio: (As of Sep. 10, 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.

What is Nitin Fire Protection Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nitin Fire Protection Industries  (BOM:532854) 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.


Nitin Fire Protection Industries Cyclically Adjusted PB Ratio Related Terms


Nitin Fire Protection Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nitin Fire Protection Industries'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.

Nitin Fire Protection Industries Cyclically Adjusted PB Ratio Chart

Nitin Fire Protection Industries 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 0.24 0.72 0.00 0.00 0.00

Nitin Fire Protection Industries 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 0.00 0.00 0.00 0.00

BOM:532854 vs HCGS, DTII, UUU: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Nitin Fire Protection Industries'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.


Nitin Fire Protection Industries Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nitin Fire Protection Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nitin Fire Protection Industries's Cyclically Adjusted PB Ratio falls into.



Nitin Fire Protection Industries 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.

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

For example, Nitin Fire Protection Industries'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.

Nitin Fire Protection Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 94.103 0.000
201409 0.000 96.780 0.000
201412 0.000 96.780 0.000
201503 14.967 97.163 25.780
201506 0.000 99.841 0.000
201509 18.830 101.753 30.970
201512 0.000 102.901 0.000
201603 19.748 102.518 32.238
201606 0.000 105.961 0.000
201609 22.260 105.961 35.158
201612 0.000 105.196 0.000
201703 17.312 105.196 27.542
201803 11.778 109.786 17.954
201903 -22.796 118.202 -32.276
201906 0.000 120.880 0.000
202003 -30.359 124.705 -40.743
202006 0.000 127.000 0.000
202012 0.000 130.889 0.000
202103 -32.743 131.771 -41.586
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.000 138.161 0.000
202203 -36.732 138.822 -44.282
202206 0.000 142.347 0.000
202209 -36.856 144.661 -42.638
202212 0.000 145.763 0.000
202303 -36.881 146.865 -42.027
202306 0.000 150.280 0.000
202309 -36.900 151.492 -40.764
202312 0.000 152.924 0.000
202403 -37.113 153.035 -40.586
202406 0.000 155.789 0.000
202409 -37.249 157.882 -39.484
202412 0.000 158.323 0.000
202503 0.911 157.552 0.968
202506 0.000 159.755 0.000
202509 1.385 162.289 1.428
202512 0.000 163.281 0.000
202603 1.317 164.272 1.342
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.


Nitin Fire Protection Industries Business Description

Address Kirol Road, 801, C Wing, Neelkanth Business Park, Kirol Village, Vidyavihar West, Vidyavihar, Mumbai, MH, IND, 400086
Nitin Fire Protection Industries Ltd manufactures the firefighting system. The operations of the company fall under fire protection or detection equipment and allied activities, which is the single reportable segment. It manufactures gas-based and water-based fire extinguishers.