Ultracab (India) (BOM:538706) Cyclically Adjusted PB Ratio: 1.66 (As of Aug. 19, 2026) — 19% Below Median

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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:538706 Ultracab (India) Ltd BOM:538706
77 GF Score
Price ₹6.26
GF Value ₹20.92
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ultracab (India) Cyclically Adjusted PB Ratio?

Ultracab (India) BOM:538706 -0.95% 77 Cyclically Adjusted PB Ratio is 1.66 as of Aug. 19, 2026, which is 19% below its 10-year median of 2.04. GuruFocus rates BOM:538706 with a GF Score™ of 77/100 and a GF Value™ of ₹20.92 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,176 Industrial Products companies, Ultracab (India) ranks better than 59.33% on this metric.

As of today (2026-08-19), Ultracab (India)'s current share price is ₹6.26. Ultracab (India)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹3.78. Ultracab (India)'s Cyclically Adjusted PB Ratio for today is 1.66.

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

BOM:538706' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.04   Max: 3.02
Current: 1.7

During the past years, Ultracab (India)'s highest Cyclically Adjusted PB Ratio was 3.02. The lowest was 1.70. And the median was 2.04.

BOM:538706's Cyclically Adjusted PB Ratio is ranked better than
59.33% of 2176 companies
in the Industrial Products industry
Industry Median: 2.16 vs BOM:538706: 1.70

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.

Ultracab (India)'s adjusted book value per share data for the three months ended in Mar. 2026 was ₹7.540. 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 ₹3.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultracab (India)  (BOM:538706) 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.


Ultracab (India) Cyclically Adjusted PB Ratio Related Terms


Ultracab (India) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ultracab (India)'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.

Ultracab (India) Cyclically Adjusted PB Ratio Chart

Ultracab (India) 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 0.00 0.00 1.44

Ultracab (India) 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 0.00 0.00 2.71 0.00 1.44

BOM:538706 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Ultracab (India)'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.


Ultracab (India) Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ultracab (India)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ultracab (India)'s Cyclically Adjusted PB Ratio falls into.


BOM:538706
77GF Score
Ultracab (India) Ltd BOM:538706
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultracab (India) 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.

Ultracab (India)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.26/3.78
=1.66

* 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.

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

For example, Ultracab (India)'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)
=7.54/164.2724*164.2724
=7.540

Current CPI (Mar. 2026) = 164.2724.

Ultracab (India) Quarterly Data

Book Value per Share CPI Adj_Book
201603 1.833 102.518 2.937
201609 1.846 105.961 2.862
201612 0.000 105.196 0.000
201703 1.863 105.196 2.909
201706 0.000 107.109 0.000
201709 1.899 109.021 2.861
201712 0.000 109.404 0.000
201803 1.927 109.786 2.883
201806 0.000 111.317 0.000
201809 1.967 115.142 2.806
201812 0.000 115.142 0.000
201903 2.035 118.202 2.828
201906 0.000 120.880 0.000
201909 2.084 123.175 2.779
201912 0.000 126.235 0.000
202003 2.140 124.705 2.819
202006 0.000 127.000 0.000
202009 2.220 130.118 2.803
202012 0.000 130.889 0.000
202103 2.349 131.771 2.928
202106 0.000 134.084 0.000
202109 2.476 135.847 2.994
202112 0.000 138.161 0.000
202203 2.668 138.822 3.157
202206 0.000 142.347 0.000
202209 2.925 144.661 3.322
202212 0.000 145.763 0.000
202303 3.262 146.865 3.649
202306 0.000 150.280 0.000
202309 3.523 151.492 3.820
202312 0.000 152.924 0.000
202403 3.871 153.035 4.155
202406 0.000 155.789 0.000
202409 4.344 157.882 4.520
202412 0.000 158.323 0.000
202503 7.097 157.552 7.400
202506 0.000 159.755 0.000
202509 7.359 162.289 7.449
202512 0.000 163.281 0.000
202603 7.540 164.272 7.540

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 1.66 mean?
Ultracab (India) (BOM:538706) has a Cyclically Adjusted PB Ratio of 1.66 as of Aug. 19, 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 Ultracab (India) and its competitors. This is 19% below median its historical median of 2.04. Over the past decade, Ultracab (India)'s Cyclically Adjusted PB Ratio has ranged from 1.70 to 3.02. According to the industry distribution chart, Ultracab (India) ranks #885 out of 2176 companies in the Industrial Products industry, placing it in the top 40.7%.
Is Ultracab (India)'s Cyclically Adjusted PB Ratio too high?
Ultracab (India)'s current Cyclically Adjusted PB Ratio of 1.66 is 19% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 3.02. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Ultracab (India)'s value of 1.66 is 23.1% below this industry median. Based on the distribution chart, Ultracab (India) ranks #885 out of 2176 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ultracab (India) has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ultracab (India)'s Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ultracab (India) ranks #885 out of 2176 companies for Cyclically Adjusted PB Ratio. This puts Ultracab (India) in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Ultracab (India)'s value of 1.66 is 23.1% below this benchmark. Historically, Ultracab (India)'s own Cyclically Adjusted PB Ratio has ranged from 1.70 to 3.02 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 2.16, Ultracab (India) has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.16, based on 2,176 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. Ultracab (India)'s current Cyclically Adjusted PB Ratio of 1.66 is 23.1% below 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 Ultracab (India) and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultracab (India)'s current Cyclically Adjusted PB Ratio is 1.66, which is 19% below median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultracab (India) stock overvalued right now?
Based on GuruFocus' analysis, Ultracab (India) (BOM:538706) is currently considered Possible Value Trap. The stock's GF Value™ is ₹20.92, compared to a current price of ₹6.26 — trading 70.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.66, which is 19% below median its 10-year median of 2.04 and 23.1% below the Industrial Products industry median of 2.16. Ultracab (India)'s overall GF Score™ is 77/100 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 Ultracab (India) (BOM:538706), the current Cyclically Adjusted PB Ratio is 1.66 as of Aug. 19, 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 Ultracab (India) (BOM:538706) Overvalued in 2026?

Based on GuruFocus' analysis, Ultracab (India) stock appears to be undervalued. The current stock price of ₹6.26 is trading 70.1% below its estimated GF Value™ of ₹20.92. GuruFocus considers Ultracab (India) to be Possible Value Trap.

Key valuation signals for BOM:538706:

  • Cyclically Adjusted PB Ratio: 1.66 (19% below median its 10-year median of 2.04)
  • GF Value™: ₹20.92 vs. price of ₹6.26 (70.1% below fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 23.1% below the Industrial Products median (#885 of 2176)

No single metric tells the full story. See the BOM:538706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ultracab (India) Business Description

Address Office No. 1801, Haware Infoteck Park, Plot No. - 39/3, Sector No. 30-A, Vashi, Navi Mumbai, MH, IND, 400703
Ultracab (India) Ltd is engaged in the manufacturing and sale of electric wires and cables. The products of the company are House wires, Flat cables, Industrial cables, Aerial bunched cables, Solar cables, Elevator cables, and others. Geographically it operates through India and its products are sold domestically and in the UK, UAE, Africa, Singapore, and others.
77GF Score

Get the complete analysis for BOM:538706

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

₹6.26
Price
₹20.92
GF Value