VMS Industries (BOM:533427) Cyclically Adjusted PB Ratio: (As of Sep. 10, 2026)

Author: Vera Yuan 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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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:533427 VMS Industries Ltd BOM:533427
68 GF Score
Price ₹18.94
GF Value ₹22.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is VMS Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VMS Industries  (BOM:533427) 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.


VMS Industries Cyclically Adjusted PB Ratio Related Terms


VMS Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VMS 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.

VMS Industries Cyclically Adjusted PB Ratio Chart

VMS 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 0.31 0.28 1.01 0.62 0.45

VMS 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 0.82 0.00 0.45 0.00

BOM:533427 vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, VMS 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.


VMS Industries Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, VMS Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:533427
68GF Score
VMS Industries Ltd BOM:533427
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VMS 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.

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

For example, VMS 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.

VMS Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 29.572 105.961 46.707
201612 0.000 105.196 0.000
201703 29.618 105.196 47.120
201706 0.000 107.109 0.000
201709 29.894 109.021 45.890
201712 0.000 109.404 0.000
201803 30.448 109.786 46.415
201806 0.000 111.317 0.000
201809 30.914 115.142 44.933
201812 0.000 115.142 0.000
201903 31.357 118.202 44.397
201906 0.000 120.880 0.000
201909 31.868 123.175 43.299
201912 0.000 126.235 0.000
202003 30.114 124.705 40.414
202006 0.000 127.000 0.000
202009 30.367 130.118 39.058
202012 0.000 130.889 0.000
202103 30.590 131.771 38.851
202106 0.000 134.084 0.000
202109 31.362 135.847 38.637
202112 0.000 138.161 0.000
202203 31.339 138.822 37.781
202206 0.000 142.347 0.000
202209 31.740 144.661 36.720
202212 0.000 145.763 0.000
202303 32.681 146.865 37.241
202306 0.000 150.280 0.000
202309 33.788 151.492 37.327
202312 0.000 152.924 0.000
202403 36.219 153.035 39.609
202406 0.000 155.789 0.000
202409 37.499 157.882 39.749
202412 0.000 158.323 0.000
202503 39.319 157.552 41.766
202506 0.000 159.755 0.000
202509 39.579 162.289 40.815
202512 0.000 163.281 0.000
202603 39.700 164.272 40.446
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 VMS Industries (BOM:533427) Overvalued in 2026?

Based on GuruFocus' analysis, VMS Industries stock appears to be undervalued. The current stock price of ₹18.94 is trading 16.6% below its estimated GF Value™ of ₹22.70. GuruFocus considers VMS Industries to be Modestly Undervalued.

Key valuation signals for BOM:533427:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹22.70 vs. price of ₹18.94 (16.6% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the BOM:533427 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VMS Industries Business Description

Address Corporate Road, 808-C, Pinnacle Business Park, Prahladnagar, Ahmedabad, GJ, IND, 380015
VMS Industries Ltd provides ship recycling and offshore services. The Company is engaged in the business of breaking old and used ships. On the basis of the dominant source, the nature of risks and returns, and the internal organization, the company has identified two operating segments: Manufacturing and Trading. Manufacturing in respect of Ship-Breaking business activities and Trading in respect of trading in Ferrous and Non-Ferrous metals. The majority of income is from the Manufacturing segment.
68GF Score

Get the complete analysis for BOM:533427

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

₹18.94
Price
₹22.70
GF Value