Arman Holdings (BOM:538556) Cyclically Adjusted PB Ratio: (As of Sep. 11, 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.
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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:538556 Arman Holdings Ltd BOM:538556
64 GF Score
Price ₹117.05
GF Value ₹474.06
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Arman Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arman Holdings  (BOM:538556) 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.


Arman Holdings Cyclically Adjusted PB Ratio Related Terms


Arman Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arman Holdings'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.

Arman Holdings Cyclically Adjusted PB Ratio Chart

Arman Holdings 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 4.07 5.39 7.02

Arman Holdings 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 5.31 0.00 7.02 0.00

BOM:538556 vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Arman Holdings'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.


Arman Holdings Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arman Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:538556
64GF Score
Arman Holdings Ltd BOM:538556
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arman Holdings 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.

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

For example, Arman Holdings'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.

Arman Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.076 105.961 20.653
201612 0.000 105.196 0.000
201703 13.077 105.196 20.804
201706 0.000 107.109 0.000
201709 12.155 109.021 18.659
201712 0.000 109.404 0.000
201803 12.163 109.786 18.541
201806 0.000 111.317 0.000
201809 12.192 115.142 17.721
201812 0.000 115.142 0.000
201903 11.977 118.202 16.958
201906 0.000 120.880 0.000
201909 11.993 123.175 16.295
201912 0.000 126.235 0.000
202003 12.027 124.705 16.141
202006 0.000 127.000 0.000
202009 11.967 130.118 15.392
202012 0.000 130.889 0.000
202103 12.623 131.771 16.032
202106 0.000 134.084 0.000
202109 12.657 135.847 15.593
202112 0.000 138.161 0.000
202203 12.679 138.822 15.285
202206 0.000 142.347 0.000
202209 12.656 144.661 14.642
202212 0.000 145.763 0.000
202303 11.374 146.865 12.961
202306 0.000 150.280 0.000
202309 11.603 151.492 12.818
202312 0.000 152.924 0.000
202403 11.619 153.035 12.706
202406 0.000 155.789 0.000
202409 11.879 157.882 12.592
202412 0.000 158.323 0.000
202503 12.045 157.552 12.795
202506 0.000 159.755 0.000
202509 12.041 162.289 12.417
202512 0.000 163.281 0.000
202603 14.095 164.272 14.360
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 Arman Holdings (BOM:538556) Overvalued in 2026?

Based on GuruFocus' analysis, Arman Holdings stock appears to be undervalued. The current stock price of ₹117.05 is trading 75.3% below its estimated GF Value™ of ₹474.06. GuruFocus considers Arman Holdings to be Significantly Undervalued.

Key valuation signals for BOM:538556:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹474.06 vs. price of ₹117.05 (75.3% below fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the BOM:538556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arman Holdings Business Description

Address Parvat Godadra BRTS Road, Office No.106, Sanskruti AC Market, Parvat Patia, Surat, GJ, IND, 391050
Arman Holdings Ltd is an India-based company involved in carrying and undertaking the business of trading, exporting, importing, wholesaling, exhibiting, buying, and selling and otherwise dealing in chemicals, textiles, paper, oil, cement, plastic, automobile, Jute, tea, sugar, gold, diamonds, precious stones, and others. Its segments are Textiles Products; Plastic Products; and Precious Metal & Stones. The product profile in the textile business includes grey fabrics, knitted fabrics, fancy fabrics, cotton fabrics, polyester fabrics, and linen fabrics. A vast majority of the revenue comes from the Precious Metal and Stones segment.
64GF Score

Get the complete analysis for BOM:538556

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

₹117.05
Price
₹474.06
GF Value