Veto Switchgears And Cables (BOM:539331) Cyclically Adjusted PB Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:539331 Veto Switchgears And Cables Ltd BOM:539331
79 GF Score
Price ₹128.45
GF Value ₹170.33
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Veto Switchgears And Cables Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Veto Switchgears And Cables  (BOM:539331) 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.


Veto Switchgears And Cables Cyclically Adjusted PB Ratio Related Terms


Veto Switchgears And Cables Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Veto Switchgears And Cables'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.

Veto Switchgears And Cables Cyclically Adjusted PB Ratio Chart

Veto Switchgears And Cables 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 0.93 0.67

Veto Switchgears And Cables 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 0.99 0.00 0.67 0.00

BOM:539331 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Veto Switchgears And Cables'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.


Veto Switchgears And Cables Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Veto Switchgears And Cables's Cyclically Adjusted PB Ratio falls into.


BOM:539331
79GF Score
Veto Switchgears And Cables Ltd BOM:539331
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veto Switchgears And Cables 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.

Veto Switchgears And Cables's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Veto Switchgears And Cables'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.

Veto Switchgears And Cables Quarterly Data

Book Value per Share CPI Adj_Book
201609 50.425 105.961 79.642
201612 0.000 105.196 0.000
201703 55.357 105.196 88.068
201706 0.000 107.109 0.000
201709 74.051 109.021 113.675
201712 0.000 109.404 0.000
201803 80.998 109.786 123.473
201806 0.000 111.317 0.000
201809 87.746 115.142 127.538
201812 0.000 115.142 0.000
201903 87.530 118.202 123.930
201906 0.000 120.880 0.000
201909 89.744 123.175 121.935
201912 0.000 126.235 0.000
202003 92.998 124.705 124.806
202006 0.000 127.000 0.000
202009 95.254 130.118 122.515
202012 0.000 130.889 0.000
202103 101.383 131.771 128.763
202106 0.000 134.084 0.000
202109 105.284 135.847 129.705
202112 0.000 138.161 0.000
202203 111.239 138.822 134.105
202206 0.000 142.347 0.000
202209 118.848 144.661 137.494
202212 0.000 145.763 0.000
202303 121.833 146.865 138.833
202306 0.000 150.280 0.000
202309 127.832 151.492 141.219
202312 0.000 152.924 0.000
202403 128.827 153.035 140.884
202406 0.000 155.789 0.000
202409 134.486 157.882 142.557
202412 0.000 158.323 0.000
202503 139.393 157.552 148.068
202506 0.000 159.755 0.000
202509 144.490 162.289 149.002
202512 0.000 163.281 0.000
202603 151.549 164.272 154.395
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 Veto Switchgears And Cables (BOM:539331) Overvalued in 2026?

Based on GuruFocus' analysis, Veto Switchgears And Cables stock appears to be undervalued. The current stock price of ₹128.45 is trading 24.6% below its estimated GF Value™ of ₹170.33. GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.

Key valuation signals for BOM:539331:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹170.33 vs. price of ₹128.45 (24.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the BOM:539331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veto Switchgears And Cables Business Description

Other Exchanges VETO:India
Address Tonk Road, Airport Plaza Scheme, 4th Floor, Plot No. 10, Days Hotel, Behind Hotel Radisson Blu, Durgapur, Jaipur, RJ, IND, 302018
Veto Switchgears And Cables Ltd manufactures electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, Distribution boards, and others. The company's segments include Wire and Cables, Lighting and Fittings, and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.
79GF Score

Get the complete analysis for BOM:539331

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

₹128.45
Price
₹170.33
GF Value