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.
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.
Aaron IndustriesNSE:AARON -0.41%81 Cyclically Adjusted PB Ratio is 11.95 as of Sep. 05, 2026, which is 46% below its 10-year median of 22.06. GuruFocus rates NSE:AARON with a GF Score™ of 81/100 and a GF Value™ of ₹212.94 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,105 Industrial Products companies, Aaron Industries ranks worse than 95.06% on this metric.
The historical rank and industry rank for Aaron Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:AARON'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.73 Med: 22.06 Max: 28.32
Current: 12.55
During the past 13 years, Aaron Industries's highest Cyclically Adjusted PB Ratio was 28.32. The lowest was 10.73. And the median was 22.06.
NSE:AARON's Cyclically Adjusted PB Ratio is ranked worse than 95.06% of 2105
companies
in the Industrial Products industry
Industry Median: 2.15
vs NSE:AARON: 12.55
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.
Aaron Industries's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹23.208. 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 ₹10.75 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Aaron Industries (NSE:AARON) 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.
Aaron Industries Cyclically Adjusted PB Ratio Related Terms
Aaron Industries Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Aaron 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.
Aaron Industries Cyclically Adjusted PB Ratio Chart
NSE:AARON vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison
For the Specialty Industrial Machinery subindustry, Aaron 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.
Aaron Industries Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Aaron Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aaron Industries's Cyclically Adjusted PB Ratio falls into.
Aaron 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.
Aaron Industries's Cyclically Adjusted PB Ratio for today is calculated as
* 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 11.95 mean?
Aaron Industries (NSE:AARON) has a Cyclically Adjusted PB Ratio of 11.95 as of Sep. 05, 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 Aaron Industries and its competitors. This is 46% below median its historical median of 22.06. Over the past decade, Aaron Industries' Cyclically Adjusted PB Ratio has ranged from 10.73 to 28.32. According to the industry distribution chart, Aaron Industries ranks #2001 out of 2105 companies in the Industrial Products industry, placing it in the top 95.1%.
Is Aaron Industries' Cyclically Adjusted PB Ratio too high?
Aaron Industries' current Cyclically Adjusted PB Ratio of 11.95 is 46% below median its 10-year median of 22.06. Over the past 10 years, this metric has ranged from a low of 10.73 to a high of 28.32. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. Aaron Industries' value of 11.95 is 455.8% above this industry median. Based on the distribution chart, Aaron Industries ranks #2001 out of 2105 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Aaron Industries has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aaron Industries' Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Aaron Industries ranks #2001 out of 2105 companies for Cyclically Adjusted PB Ratio. This places Aaron Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.15. Aaron Industries' value of 11.95 is 455.8% above this benchmark. Historically, Aaron Industries' own Cyclically Adjusted PB Ratio has ranged from 10.73 to 28.32 over the past decade. While the company's 10-year median is 22.06 vs. the industry median of 2.15, Aaron 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.15, based on 2,105 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. Aaron Industries's current Cyclically Adjusted PB Ratio of 11.95 is 455.8% 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 Aaron Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aaron Industries's current Cyclically Adjusted PB Ratio is 11.95, which is 46% below median its own 10-year median of 22.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aaron Industries stock overvalued right now?
Based on GuruFocus' analysis, Aaron Industries (NSE:AARON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹212.94, compared to a current price of ₹128.45 — trading 39.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.95, which is 46% below median its 10-year median of 22.06 and 455.8% above the Industrial Products industry median of 2.15. Aaron Industries' overall GF Score™ is 81/100 with 1 warning sign 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 Aaron Industries (NSE:AARON), the current Cyclically Adjusted PB Ratio is 11.95 as of Sep. 05, 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 Aaron Industries (NSE:AARON) Overvalued in 2026?
Based on GuruFocus' analysis, Aaron Industries stock appears to be undervalued.
The current stock price of ₹128.45 is trading 39.7% below its estimated GF Value™ of ₹212.94.
GuruFocus considers Aaron Industries to be Significantly Undervalued.
Key valuation signals for NSE:AARON:
Cyclically Adjusted PB Ratio: 11.95 (46% below median its 10-year median of 22.06)
GF Value™: ₹212.94 vs. price of ₹128.45 (39.7% below fair value)
Industry Position: 455.8% above the Industrial Products median (#2001 of 2105)
No single metric tells the full story. See the NSE:AARON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aaron Industries Ltd is an India-based company engaged in the manufacturing and trading of elevator and elevator parts and Steel Polishing. The company's reportable segment includes the Elevator division and the Steel Polishing division. It generates maximum revenue from the Elevator division segment. The company's products include an autodoor system, elevator cabinets, door operators, swing doors, manual doors, and gearless machines.
81GF Score
Get the complete analysis for NSE:AARON
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:AARON has been successfully added to your 
