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Aryaman Capital MarketsBOM:538716 +1.44%52 Cyclically Adjusted PB Ratio is 12.08 as of Sep. 12, 2026, which is 2% above its 10-year median of 11.79. GuruFocus rates BOM:538716 with a GF Score™ of 52/100 and a GF Value™ of ₹229.27 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 437 Capital Markets companies, Aryaman Capital Markets ranks worse than 96.8% on this metric.
The historical rank and industry rank for Aryaman Capital Markets's Cyclically Adjusted PB Ratio or its related term are showing as below:
BOM:538716'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.4 Med: 11.79 Max: 13.65
Current: 12.08
During the past 13 years, Aryaman Capital Markets's highest Cyclically Adjusted PB Ratio was 13.65. The lowest was 8.40. And the median was 11.79.
BOM:538716's Cyclically Adjusted PB Ratio is ranked worse than 96.8% of 437
companies
in the Capital Markets industry
Industry Median: 1.48
vs BOM:538716: 12.08
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.
Aryaman Capital Markets's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹90.265. 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 ₹35.01 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Aryaman Capital Markets (BOM:538716) 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.
Aryaman Capital Markets Cyclically Adjusted PB Ratio Related Terms
Aryaman Capital Markets Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Aryaman Capital Markets'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.
Aryaman Capital Markets Cyclically Adjusted PB Ratio Chart
BOM:538716 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison
For the Capital Markets subindustry, Aryaman Capital Markets'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.
Aryaman Capital Markets Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Aryaman Capital Markets's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aryaman Capital Markets's Cyclically Adjusted PB Ratio falls into.
Aryaman Capital Markets 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.
* 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.
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 12.08 mean?
Aryaman Capital Markets (BOM:538716) has a Cyclically Adjusted PB Ratio of 12.08 as of Sep. 12, 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 Aryaman Capital Markets and its competitors. This is near median its historical median of 11.79. Over the past decade, Aryaman Capital Markets' Cyclically Adjusted PB Ratio has ranged from 8.40 to 13.65. According to the industry distribution chart, Aryaman Capital Markets ranks #423 out of 437 companies in the Capital Markets industry, placing it in the top 96.8%.
Is Aryaman Capital Markets' Cyclically Adjusted PB Ratio too high?
Aryaman Capital Markets' current Cyclically Adjusted PB Ratio of 12.08 is near median its 10-year median of 11.79. Over the past 10 years, this metric has ranged from a low of 8.40 to a high of 13.65. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.48. Aryaman Capital Markets' value of 12.08 is 716.2% above this industry median. Based on the distribution chart, Aryaman Capital Markets ranks #423 out of 437 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Aryaman Capital Markets has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aryaman Capital Markets' Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Aryaman Capital Markets ranks #423 out of 437 companies for Cyclically Adjusted PB Ratio. This places Aryaman Capital Markets in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.48. Aryaman Capital Markets' value of 12.08 is 716.2% above this benchmark. Historically, Aryaman Capital Markets' own Cyclically Adjusted PB Ratio has ranged from 8.40 to 13.65 over the past decade. While the company's 10-year median is 11.79 vs. the industry median of 1.48, Aryaman Capital Markets 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.48, based on 437 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. Aryaman Capital Markets's current Cyclically Adjusted PB Ratio of 12.08 is 716.2% 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 Aryaman Capital Markets and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aryaman Capital Markets's current Cyclically Adjusted PB Ratio is 12.08, which is near median its own 10-year median of 11.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aryaman Capital Markets stock overvalued right now?
Based on GuruFocus' analysis, Aryaman Capital Markets (BOM:538716) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹229.27, compared to a current price of ₹423.00 — trading 84.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.08, which is near median its 10-year median of 11.79 and 716.2% above the Capital Markets industry median of 1.48. Aryaman Capital Markets' overall GF Score™ is 52/100 with 3 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 Aryaman Capital Markets (BOM:538716), the current Cyclically Adjusted PB Ratio is 12.08 as of Sep. 12, 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 Aryaman Capital Markets (BOM:538716) Overvalued in 2026?
Based on GuruFocus' analysis, Aryaman Capital Markets stock appears to be overvalued.
The current stock price of ₹423.00 is trading 84.5% above its estimated GF Value™ of ₹229.27.
GuruFocus considers Aryaman Capital Markets to be Significantly Overvalued.
Key valuation signals for BOM:538716:
Cyclically Adjusted PB Ratio: 12.08 (near median its 10-year median of 11.79)
GF Value™: ₹229.27 vs. price of ₹423.00 (84.5% above fair value)
Industry Position: 716.2% above the Capital Markets median (#423 of 437)
No single metric tells the full story. See the BOM:538716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aryaman Capital Markets Ltd carries out various fund-based and secondary market activities. It is engaged in activities such as trading and investments in quoted and unquoted securities, underwriting capital market issuances, brokering income from equity and debt market placements, and market making. The company generates revenue through dividends, interests, and fees for providing its customers with various capital market-related services.
52GF Score
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