Ador Welding (NSE:ADOR) Cyclically Adjusted PB Ratio: (As of Jul. 23, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:ADOR Ador Welding Ltd NSE:ADOR
78 GF Score
Price ₹1,477.90
GF Value ₹1,179.65
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ador Welding Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ador Welding  (NSE:ADOR) 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.


Ador Welding Cyclically Adjusted PB Ratio Related Terms


Ador Welding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ador Welding'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.

Ador Welding Cyclically Adjusted PB Ratio Chart

Ador Welding 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 5.41 3.16 3.28

Ador Welding 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 3.52 0.00 3.28 0.00

NSE:ADOR vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Ador Welding'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.


Ador Welding Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ador Welding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ADOR
78GF Score
Ador Welding Ltd NSE:ADOR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ador Welding 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.

Ador Welding's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ador Welding'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Ador Welding Quarterly Data

Book Value per Share CPI Adj_Book
201309 140.392 91.042 256.205
201312 0.000 91.425 0.000
201403 123.886 91.425 225.137
201503 148.926 97.163 254.659
201603 165.583 102.518 268.351
201703 172.717 105.196 272.787
201803 180.188 109.786 272.688
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 179.490 118.202 252.292
201906 0.000 120.880 0.000
201909 194.183 123.175 261.925
201912 0.000 126.235 0.000
202003 181.939 124.705 242.398
202006 0.000 127.000 0.000
202009 177.695 130.118 226.896
202012 0.000 130.889 0.000
202103 174.687 131.771 220.258
202106 0.000 134.084 0.000
202109 189.844 135.847 232.186
202112 0.000 138.161 0.000
202203 207.325 138.822 248.132
202206 0.000 142.347 0.000
202209 209.487 144.661 240.599
202212 0.000 145.763 0.000
202303 237.925 146.865 269.160
202306 0.000 150.280 0.000
202309 242.572 151.492 266.035
202312 0.000 152.924 0.000
202403 347.853 153.035 377.655
202406 0.000 155.789 0.000
202409 348.198 157.882 366.422
202412 0.000 158.323 0.000
202503 291.375 157.552 307.268
202506 0.000 159.755 0.000
202509 283.003 162.289 289.728
202512 0.000 163.281 0.000
202603 318.589 164.272 322.221
202606 0.000 166.145 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 Ador Welding (NSE:ADOR) Overvalued in 2026?

Based on GuruFocus' analysis, Ador Welding stock appears to be overvalued. The current stock price of ₹1,477.90 is trading 25.3% above its estimated GF Value™ of ₹1,179.65. GuruFocus considers Ador Welding to be Modestly Overvalued.

Key valuation signals for NSE:ADOR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,179.65 vs. price of ₹1,477.90 (25.3% above fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Ador Welding Business Description

Other Exchanges 517041:India
Address K. Dubash Marg, Ador House, 6, Fort, Mumbai, MH, IND, 400001
Ador Welding Ltd is a welding and cutting solution provider offering welding consumables, and equipment, automation solutions, and skill development. The strategic business units are welding electrodes, wires, and fluxes, welding and cutting equipment, gas cutting, PPE and accessories and CNC machines, project engineering solutions, and welding automation. The Company has three reportable business segments: i) Products ii) Services; and iii) Maintenance & Reclamation (M&R). Geographically, the company generates a majority of its revenue within India and the rest from other markets.
78GF Score

Get the complete analysis for NSE:ADOR

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

₹1,477.90
Price
₹1,179.65
GF Value