Lesha Industries (BOM:533602) Cyclically Adjusted PB Ratio: (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:533602 Lesha Industries Ltd BOM:533602
42 GF Score
Price ₹0.76
GF Value ₹0.88
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Lesha Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lesha Industries  (BOM:533602) 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.


Lesha Industries Cyclically Adjusted PB Ratio Related Terms


Lesha Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lesha 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.

Lesha Industries Cyclically Adjusted PB Ratio Chart

Lesha 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 0.69 0.30 0.32 0.13 0.12

Lesha 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 0.16 0.00 0.12 0.00

BOM:533602 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Lesha 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.


Lesha Industries Cyclically Adjusted PB Ratio vs Steel Industry

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

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


BOM:533602
42GF Score
Lesha Industries Ltd BOM:533602
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lesha 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.

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

For example, Lesha 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.

Lesha Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.239 105.961 22.489
201612 0.000 105.196 0.000
201703 14.181 105.196 22.561
201706 0.000 107.109 0.000
201709 5.435 109.021 8.343
201712 0.000 109.404 0.000
201803 5.376 109.786 8.195
201806 0.000 111.317 0.000
201809 5.311 115.142 7.719
201812 0.000 115.142 0.000
201903 5.326 118.202 7.541
201906 0.000 120.880 0.000
201909 5.353 123.175 7.273
201912 0.000 126.235 0.000
202003 5.294 124.705 7.105
202006 0.000 127.000 0.000
202009 5.259 130.118 6.764
202012 0.000 130.889 0.000
202103 1.556 131.771 1.976
202106 0.000 134.084 0.000
202109 1.242 135.847 1.530
202112 0.000 138.161 0.000
202203 1.263 138.822 1.523
202206 0.000 142.347 0.000
202209 1.297 144.661 1.500
202212 0.000 145.763 0.000
202303 1.277 146.865 1.455
202306 0.000 150.280 0.000
202309 1.719 151.492 1.899
202312 0.000 152.924 0.000
202403 1.779 153.035 1.946
202406 0.000 155.789 0.000
202409 2.619 157.882 2.776
202412 0.000 158.323 0.000
202503 2.602 157.552 2.764
202506 0.000 159.755 0.000
202509 2.606 162.289 2.687
202512 0.000 163.281 0.000
202603 2.607 164.272 2.656
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 Lesha Industries (BOM:533602) Overvalued in 2026?

Based on GuruFocus' analysis, Lesha Industries stock appears to be undervalued. The current stock price of ₹0.76 is trading 13.6% below its estimated GF Value™ of ₹0.88. GuruFocus considers Lesha Industries to be Modestly Undervalued.

Key valuation signals for BOM:533602:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹0.88 vs. price of ₹0.76 (13.6% below fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the BOM:533602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lesha Industries Business Description

Address Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006
Lesha Industries Ltd is an Indian based company engaged in the trading of various steel products, trading of goods, and dealing in Shares and securities. It earns revenue mainly from the sale of Steel products and Trading in goods. The business activities of the group are functioned through the segments, which include Steel, Trading of Goods, and Others. Geographically, activities are conducted through the region of India, and it derives the majority of the revenue from the trading of steel trading segment.
42GF Score

Get the complete analysis for BOM:533602

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

₹0.76
Price
₹0.88
GF Value