International Industries (KAR:INIL) Cyclically Adjusted PB Ratio: 0.97 (As of Jul. 30, 2026) — 14% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

KAR:INIL International Industries Ltd KAR:INIL
67 GF Score
Price ₨163.27
GF Value ₨180.37
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is International Industries Cyclically Adjusted PB Ratio?

International Industries KAR:INIL -2.16% 67 Cyclically Adjusted PB Ratio is 0.97 as of Jul. 30, 2026, which is 14% below its 10-year median of 1.13. GuruFocus rates KAR:INIL with a GF Score™ of 67/100 and a GF Value™ of ₨180.37 (Fairly Valued). The stock has 6 warning signs investors should review. Among 508 Steel companies, International Industries ranks worse than 51.57% on this metric.

As of today (2026-07-30), International Industries's current share price is ₨163.27. International Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨168.81. International Industries's Cyclically Adjusted PB Ratio for today is 0.97.

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

KAR:INIL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.13   Max: 1.55
Current: 0.95

During the past years, International Industries's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.83. And the median was 1.13.

KAR:INIL's Cyclically Adjusted PB Ratio is ranked worse than
51.57% of 508 companies
in the Steel industry
Industry Median: 0.91 vs KAR:INIL: 0.95

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.

International Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₨246.184. 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 ₨168.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Industries  (KAR:INIL) 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.


International Industries Cyclically Adjusted PB Ratio Related Terms


International Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Industries'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.

International Industries Cyclically Adjusted PB Ratio Chart

International Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.45 1.11

International Industries 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 1.05 1.11 1.42 1.14 0.82

KAR:INIL vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, International Industries'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.


International Industries Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, International Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:INIL
67GF Score
International Industries Ltd KAR:INIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Industries 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.

International Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=163.27/168.81
=0.97

* 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.

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

For example, International Industries'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)
=246.184/330.2130*330.2130
=246.184

Current CPI (Mar. 2026) = 330.2130.

International Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 44.234 241.018 60.604
201609 45.280 241.428 61.932
201612 50.535 241.432 69.118
201703 54.459 243.801 73.761
201706 81.970 244.955 110.500
201709 59.342 246.819 79.392
201712 67.222 246.524 90.042
201803 98.165 249.554 129.893
201806 103.949 251.989 136.217
201809 98.956 252.439 129.443
201812 104.911 251.233 137.892
201903 106.057 254.202 137.770
201906 114.974 256.143 148.222
201909 111.056 256.759 142.827
201912 112.009 256.974 143.932
202003 110.492 258.115 141.355
202006 108.750 257.797 139.298
202009 111.570 260.280 141.547
202012 128.859 260.474 163.360
202103 137.904 264.877 171.920
202106 151.270 271.696 183.850
202109 156.353 274.310 188.217
202112 161.449 278.802 191.220
202203 163.672 287.504 187.986
202206 182.155 296.311 202.996
202209 184.277 296.808 205.017
202212 179.887 296.797 200.140
202303 189.470 301.836 207.283
202306 196.078 305.109 212.211
202309 196.183 307.789 210.476
202312 204.247 306.746 219.873
202403 204.437 312.332 216.141
202406 225.447 314.175 236.956
202409 221.145 315.301 231.604
202412 221.605 315.605 231.862
202503 225.771 319.799 233.123
202506 240.066 322.561 245.761
202509 239.081 324.800 243.065
202512 244.764 324.054 249.416
202603 246.184 330.213 246.184

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 0.97 mean?
International Industries (KAR:INIL) has a Cyclically Adjusted PB Ratio of 0.97 as of Jul. 30, 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 International Industries and its competitors. This is 14% below median its historical median of 1.13. Over the past decade, International Industries' Cyclically Adjusted PB Ratio has ranged from 0.83 to 1.55. According to the industry distribution chart, International Industries ranks #262 out of 508 companies in the Steel industry, placing it in the top 51.6%.
Is International Industries' Cyclically Adjusted PB Ratio too high?
International Industries' current Cyclically Adjusted PB Ratio of 0.97 is 14% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.55. The Steel industry median Cyclically Adjusted PB Ratio is 0.91. International Industries' value of 0.97 is 6.6% above this industry median. Based on the distribution chart, International Industries ranks #262 out of 508 companies in the Steel industry, which is below the industry midpoint. Overall, International Industries has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Industries' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, International Industries ranks #262 out of 508 companies for Cyclically Adjusted PB Ratio. This places International Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.91. International Industries' value of 0.97 is 6.6% above this benchmark. Historically, International Industries' own Cyclically Adjusted PB Ratio has ranged from 0.83 to 1.55 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.91, International Industries 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.91, based on 508 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. International Industries's current Cyclically Adjusted PB Ratio of 0.97 is 6.6% 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 International Industries and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Industries's current Cyclically Adjusted PB Ratio is 0.97, which is 14% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Industries stock overvalued right now?
Based on GuruFocus' analysis, International Industries (KAR:INIL) is currently considered Fairly Valued. The stock's GF Value™ is ₨180.37, compared to a current price of ₨163.27 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 14% below median its 10-year median of 1.13 and 6.6% above the Steel industry median of 0.91. International Industries' overall GF Score™ is 67/100 with 6 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 International Industries (KAR:INIL), the current Cyclically Adjusted PB Ratio is 0.97 as of Jul. 30, 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 International Industries (KAR:INIL) Overvalued in 2026?

Based on GuruFocus' analysis, International Industries stock appears to be undervalued. The current stock price of ₨163.27 is trading 9.5% below its estimated GF Value™ of ₨180.37. GuruFocus considers International Industries to be Fairly Valued.

Key valuation signals for KAR:INIL:

  • Cyclically Adjusted PB Ratio: 0.97 (14% below median its 10-year median of 1.13)
  • GF Value™: ₨180.37 vs. price of ₨163.27 (9.5% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 6.6% above the Steel median (#262 of 508)

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


International Industries Business Description

Address 10 Beaumont Road, 101, Beaumont Plaza, Karachi, SD, PAK, 75530
International Industries Ltd is a Pakistan-based company mainly engaged in manufacturing and marketing steel pipes and tubes. Its product portfolio comprises galvanized iron (GI) pipe, cold rolled (CR) tube, scaffolding pipe, pre-galvanized tubes, metallic sprinkler pipes, hollow structural sections (HSS), PPRC pipes and fittings, MDPE gas pipes and fittings, HDPE water and HDPE duct pipes, etc. In addition, the company also offers scaffolding installation solutions. Its reportable segments are: Steel coils and sheets, which generate maximum revenue, Steel pipes, Polymer, and Investment. Geographically, the company operates in Pakistan and also exports its products to other markets such as Australia, North America, Europe, the United Kingdom, Southeast Asia, and the Middle East.
67GF Score

Get the complete analysis for KAR:INIL

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

₨163.27
Price
₨180.37
GF Value