Arfin India (NSE:ARFIN) Cyclically Adjusted PB Ratio: 12.43 (As of Aug. 05, 2026) — 43% Above Median

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NSE:ARFIN Arfin India Ltd NSE:ARFIN
42 GF Score
Price ₹86.23
GF Value ₹44.30
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Arfin India Cyclically Adjusted PB Ratio?

Arfin India NSE:ARFIN +0.87% 42 Cyclically Adjusted PB Ratio is 12.43 as of Aug. 05, 2026, which is 43% above its 10-year median of 8.69. GuruFocus rates NSE:ARFIN with a GF Score™ of 42/100 and a GF Value™ of ₹44.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,533 Metals & Mining companies, Arfin India ranks worse than 94.52% on this metric.

As of today (2026-08-05), Arfin India's current share price is ₹86.23. Arfin India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹6.94. Arfin India's Cyclically Adjusted PB Ratio for today is 12.43.

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

NSE:ARFIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.96   Med: 8.69   Max: 14.24
Current: 13.29

During the past years, Arfin India's highest Cyclically Adjusted PB Ratio was 14.24. The lowest was 3.96. And the median was 8.69.

NSE:ARFIN's Cyclically Adjusted PB Ratio is ranked worse than
94.52% of 1533 companies
in the Metals & Mining industry
Industry Median: 1.4 vs NSE:ARFIN: 13.29

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.

Arfin India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹10.096. 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 ₹6.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arfin India  (NSE:ARFIN) 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.


Arfin India Cyclically Adjusted PB Ratio Related Terms


Arfin India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arfin India'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.

Arfin India Cyclically Adjusted PB Ratio Chart

Arfin India 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 9.62 4.55 10.56

Arfin India 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 4.55 0.00 7.32 0.00 10.56

NSE:ARFIN vs AA: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Arfin India'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.


Arfin India Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arfin India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ARFIN
42GF Score
Arfin India Ltd NSE:ARFIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arfin India 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.

Arfin India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.23/6.94
=12.43

* 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.

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

For example, Arfin India'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)
=10.096/164.2724*164.2724
=10.096

Current CPI (Mar. 2026) = 164.2724.

Arfin India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 2.766 105.961 4.288
201612 0.000 105.196 0.000
201703 3.763 105.196 5.876
201706 0.000 107.109 0.000
201709 4.247 109.021 6.399
201712 0.000 109.404 0.000
201803 5.200 109.786 7.781
201806 0.000 111.317 0.000
201809 5.360 115.142 7.647
201812 0.000 115.142 0.000
201903 5.426 118.202 7.541
201906 0.000 120.880 0.000
201909 5.619 123.175 7.494
201912 0.000 126.235 0.000
202003 4.082 124.705 5.377
202006 0.000 127.000 0.000
202009 4.113 130.118 5.193
202012 0.000 130.889 0.000
202103 4.302 131.771 5.363
202106 0.000 134.084 0.000
202109 4.520 135.847 5.466
202112 0.000 138.161 0.000
202203 4.886 138.822 5.782
202206 0.000 142.347 0.000
202209 5.222 144.661 5.930
202212 0.000 145.763 0.000
202303 5.543 146.865 6.200
202306 0.000 150.280 0.000
202309 5.798 151.492 6.287
202312 0.000 152.924 0.000
202403 6.063 153.035 6.508
202406 0.000 155.789 0.000
202409 9.154 157.882 9.525
202412 0.000 158.323 0.000
202503 9.292 157.552 9.688
202506 0.000 159.755 0.000
202509 9.502 162.289 9.618
202512 0.000 163.281 0.000
202603 10.096 164.272 10.096

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 12.43 mean?
Arfin India (NSE:ARFIN) has a Cyclically Adjusted PB Ratio of 12.43 as of Aug. 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 Arfin India and its competitors. This is 43% above median its historical median of 8.69. Over the past decade, Arfin India's Cyclically Adjusted PB Ratio has ranged from 3.96 to 14.24. According to the industry distribution chart, Arfin India ranks #1449 out of 1533 companies in the Metals & Mining industry, placing it in the top 94.5%.
Is Arfin India's Cyclically Adjusted PB Ratio too high?
Arfin India's current Cyclically Adjusted PB Ratio of 12.43 is 43% above median its 10-year median of 8.69. Over the past 10 years, this metric has ranged from a low of 3.96 to a high of 14.24. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Arfin India's value of 12.43 is 787.9% above this industry median. Based on the distribution chart, Arfin India ranks #1449 out of 1533 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Arfin India has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arfin India's Cyclically Adjusted PB Ratio compare to AA?
According to the Metals & Mining industry distribution chart, Arfin India ranks #1449 out of 1533 companies for Cyclically Adjusted PB Ratio. This places Arfin India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Arfin India's value of 12.43 is 787.9% above this benchmark. Historically, Arfin India's own Cyclically Adjusted PB Ratio has ranged from 3.96 to 14.24 over the past decade. While the company's 10-year median is 8.69 vs. the industry median of 1.40, Arfin India 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.40, based on 1,533 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. Arfin India's current Cyclically Adjusted PB Ratio of 12.43 is 787.9% 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 Arfin India and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arfin India's current Cyclically Adjusted PB Ratio is 12.43, which is 43% above median its own 10-year median of 8.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arfin India stock overvalued right now?
Based on GuruFocus' analysis, Arfin India (NSE:ARFIN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹44.30, compared to a current price of ₹86.23 — trading 94.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.43, which is 43% above median its 10-year median of 8.69 and 787.9% above the Metals & Mining industry median of 1.40. Arfin India's overall GF Score™ is 42/100 with 5 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 Arfin India (NSE:ARFIN), the current Cyclically Adjusted PB Ratio is 12.43 as of Aug. 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 Arfin India (NSE:ARFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Arfin India stock appears to be overvalued. The current stock price of ₹86.23 is trading 94.7% above its estimated GF Value™ of ₹44.30. GuruFocus considers Arfin India to be Significantly Overvalued.

Key valuation signals for NSE:ARFIN:

  • Cyclically Adjusted PB Ratio: 12.43 (43% above median its 10-year median of 8.69)
  • GF Value™: ₹44.30 vs. price of ₹86.23 (94.7% above fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 787.9% above the Metals & Mining median (#1449 of 1533)

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


Arfin India Business Description

Other Exchanges 539151:India
Address Plot No.118, Ravi Industrial Estate, Behind Prestige Hotel, Billeshwarpura, Gandhinagar, GJ, IND, 382729
Arfin India Ltd manufactures and sells aluminum products in India. It is engaged in the manufacturing, trading, and selling of non-ferrous metals products. The company's product lines include Aluminum Wire Rods, Aluminum Deox, Cored Wire, Alloy Products, Automobile Parts, and Cable and Conductors. It's Aluminum Deox includes Aluminum ingots, Aluminum cubes, Aluminum shots, and Aluminum sticks. The Cored Wire Mill products include Calcium Silicon Cored Wire, Ferro Silicon Cored Wire, Calcium Cored Wire, and Graphite Cored Wire.
42GF Score

Get the complete analysis for NSE:ARFIN

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

₹86.23
Price
₹44.30
GF Value