Nibe (BOM:535136) Cyclically Adjusted PB Ratio: 25.68 (As of Aug. 17, 2026) — 21% Below Median

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BOM:535136 Nibe Ltd BOM:535136
78 GF Score
Price ₹1,488.70
GF Value ₹1,412.11
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Nibe Cyclically Adjusted PB Ratio?

Nibe BOM:535136 -0.22% 78 Cyclically Adjusted PB Ratio is 25.68 as of Aug. 17, 2026, which is 21% below its 10-year median of 32.38. GuruFocus rates BOM:535136 with a GF Score™ of 78/100 and a GF Value™ of ₹1,412.11 (Fairly Valued). The stock has 5 warning signs investors should review. Among 450 Conglomerates companies, Nibe ranks worse than 98.67% on this metric.

As of today (2026-08-17), Nibe's current share price is ₹1488.70. Nibe's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹57.98. Nibe's Cyclically Adjusted PB Ratio for today is 25.68.

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

BOM:535136' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 15.83   Med: 32.38   Max: 81.76
Current: 25.68

During the past years, Nibe's highest Cyclically Adjusted PB Ratio was 81.76. The lowest was 15.83. And the median was 32.38.

BOM:535136's Cyclically Adjusted PB Ratio is ranked worse than
98.67% of 450 companies
in the Conglomerates industry
Industry Median: 1.025 vs BOM:535136: 25.68

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.

Nibe's adjusted book value per share data for the three months ended in Mar. 2026 was ₹233.182. 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 ₹57.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nibe  (BOM:535136) 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.


Nibe Cyclically Adjusted PB Ratio Related Terms


Nibe Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nibe'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.

Nibe Cyclically Adjusted PB Ratio Chart

Nibe 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 0.00 0.00 52.89 26.79 14.10

Nibe Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 26.79 0.00 31.29 0.00 14.10

BOM:535136 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Nibe'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.


Nibe Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


BOM:535136
78GF Score
Nibe Ltd BOM:535136
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nibe 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.

Nibe's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1488.70/57.98
=25.68

* 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.

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

For example, Nibe's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=233.182/164.2724*164.2724
=233.182

Current CPI (Mar. 2026) = 164.2724.

Nibe Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 10.261 105.961 15.908
201612 10.264 105.196 16.028
201703 10.273 105.196 16.042
201706 0.000 107.109 0.000
201709 10.303 109.021 15.524
201712 0.000 109.404 0.000
201803 10.348 109.786 15.484
201806 0.000 111.317 0.000
201809 10.372 115.142 14.798
201812 0.000 115.142 0.000
201903 10.276 118.202 14.281
201906 0.000 120.880 0.000
201909 10.295 123.175 13.730
201912 0.000 126.235 0.000
202003 9.885 124.705 13.021
202006 0.000 127.000 0.000
202009 9.793 130.118 12.364
202012 0.000 130.889 0.000
202103 10.008 131.771 12.477
202106 0.000 134.084 0.000
202109 9.045 135.847 10.938
202112 0.000 138.161 0.000
202203 10.202 138.822 12.072
202206 0.000 142.347 0.000
202209 10.808 144.661 12.273
202212 0.000 145.763 0.000
202303 62.815 146.865 70.260
202306 0.000 150.280 0.000
202309 86.002 151.492 93.257
202312 0.000 152.924 0.000
202403 122.458 153.035 131.451
202406 0.000 155.789 0.000
202409 156.179 157.882 162.500
202412 0.000 158.323 0.000
202503 162.261 157.552 169.183
202506 0.000 159.755 0.000
202509 160.789 162.289 162.754
202512 0.000 163.281 0.000
202603 233.182 164.272 233.182

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 25.68 mean?
Nibe (BOM:535136) has a Cyclically Adjusted PB Ratio of 25.68 as of Aug. 17, 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 Nibe and its competitors. This is 21% below median its historical median of 32.38. Over the past decade, Nibe's Cyclically Adjusted PB Ratio has ranged from 15.83 to 81.76. According to the industry distribution chart, Nibe ranks #444 out of 450 companies in the Conglomerates industry, placing it in the top 98.7%.
Is Nibe's Cyclically Adjusted PB Ratio too high?
Nibe's current Cyclically Adjusted PB Ratio of 25.68 is 21% below median its 10-year median of 32.38. Over the past 10 years, this metric has ranged from a low of 15.83 to a high of 81.76. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.03. Nibe's value of 25.68 is 2405.4% above this industry median. Based on the distribution chart, Nibe ranks #444 out of 450 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Nibe has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nibe's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Nibe ranks #444 out of 450 companies for Cyclically Adjusted PB Ratio. This places Nibe in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.03. Nibe's value of 25.68 is 2405.4% above this benchmark. Historically, Nibe's own Cyclically Adjusted PB Ratio has ranged from 15.83 to 81.76 over the past decade. While the company's 10-year median is 32.38 vs. the industry median of 1.03, Nibe 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.03, based on 450 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. Nibe's current Cyclically Adjusted PB Ratio of 25.68 is 2405.4% 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 Nibe and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nibe's current Cyclically Adjusted PB Ratio is 25.68, which is 21% below median its own 10-year median of 32.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nibe stock overvalued right now?
Based on GuruFocus' analysis, Nibe (BOM:535136) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,412.11, compared to a current price of ₹1,488.70 — trading 5.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 25.68, which is 21% below median its 10-year median of 32.38 and 2405.4% above the Conglomerates industry median of 1.03. Nibe's overall GF Score™ is 78/100 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 Nibe (BOM:535136), the current Cyclically Adjusted PB Ratio is 25.68 as of Aug. 17, 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 Nibe (BOM:535136) Overvalued in 2026?

Based on GuruFocus' analysis, Nibe stock appears to be overvalued. The current stock price of ₹1,488.70 is trading 5.4% above its estimated GF Value™ of ₹1,412.11. GuruFocus considers Nibe to be Fairly Valued.

Key valuation signals for BOM:535136:

  • Cyclically Adjusted PB Ratio: 25.68 (21% below median its 10-year median of 32.38)
  • GF Value™: ₹1,412.11 vs. price of ₹1,488.70 (5.4% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 2405.4% above the Conglomerates median (#444 of 450)

No single metric tells the full story. See the BOM:535136 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nibe Business Description

Other Exchanges NIBE:India
Address Phase III, MIDC Industrial Area, Plot No. E-2/2, Nanekarwadi CT, Chakan, Taluka Khed, Pune, MH, IND, 410501
Nibe Ltd is engaged in the business of fabrication and machining of components used in the defence sector as well as the assembly of components of E-vehicles. The products offered by the company include joystick consoles, ruggedised panel PC, ethernet switches, console panel PC, electronic bikes and rickshaws, and batteries and related components for electric vehicles among others. Geographically, the company derives a majority of its revenue from its business in India and also exports its products to other countries.
78GF Score

Get the complete analysis for BOM:535136

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

₹1,488.70
Price
₹1,412.11
GF Value