Asian Granito India (NSE:ASIANTILES) Cyclically Adjusted PB Ratio: 0.45 (As of Aug. 11, 2026) — 12% 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.

NSE:ASIANTILES Asian Granito India Ltd NSE:ASIANTILES
49 GF Score
Price ₹53.84
GF Value ₹31.29
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Asian Granito India Cyclically Adjusted PB Ratio?

Asian Granito India NSE:ASIANTILES -2.30% 49 Cyclically Adjusted PB Ratio is 0.45 as of Aug. 11, 2026, which is 12% below its 10-year median of 0.51. GuruFocus rates NSE:ASIANTILES with a GF Score™ of 49/100 and a GF Value™ of ₹31.29 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,343 Construction companies, Asian Granito India ranks better than 81.01% on this metric.

As of today (2026-08-11), Asian Granito India's current share price is ₹53.84. Asian Granito India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹119.67. Asian Granito India's Cyclically Adjusted PB Ratio for today is 0.45.

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

NSE:ASIANTILES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.51   Max: 1
Current: 0.45

During the past years, Asian Granito India's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.27. And the median was 0.51.

NSE:ASIANTILES's Cyclically Adjusted PB Ratio is ranked better than
81.01% of 1343 companies
in the Construction industry
Industry Median: 1.17 vs NSE:ASIANTILES: 0.45

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.

Asian Granito India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹51.356. 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 ₹119.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asian Granito India  (NSE:ASIANTILES) 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.


Asian Granito India Cyclically Adjusted PB Ratio Related Terms


Asian Granito India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asian Granito 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.

Asian Granito India Cyclically Adjusted PB Ratio Chart

Asian Granito 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 0.59 0.27 0.46 0.35 0.47

Asian Granito 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 0.35 0.00 0.46 0.00 0.47

NSE:ASIANTILES vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Asian Granito 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.


Asian Granito India Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Asian Granito India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ASIANTILES
49GF Score
Asian Granito India Ltd NSE:ASIANTILES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asian Granito 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.84/119.67
=0.45

* 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.

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

For example, Asian Granito 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)
=51.356/164.2724*164.2724
=51.356

Current CPI (Mar. 2026) = 164.2724.

Asian Granito India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 79.707 105.961 123.570
201612 0.000 105.196 0.000
201703 83.773 105.196 130.819
201706 0.000 107.109 0.000
201709 89.643 109.021 135.073
201712 0.000 109.404 0.000
201803 91.357 109.786 136.697
201806 0.000 111.317 0.000
201809 91.810 115.142 130.985
201812 0.000 115.142 0.000
201903 94.710 118.202 131.624
201906 0.000 120.880 0.000
201909 105.491 123.175 140.688
201912 0.000 126.235 0.000
202003 108.620 124.705 143.084
202006 0.000 127.000 0.000
202009 110.575 130.118 139.600
202012 0.000 130.889 0.000
202103 116.115 131.771 144.755
202106 0.000 134.084 0.000
202109 124.069 135.847 150.030
202112 0.000 138.161 0.000
202203 120.927 138.822 143.097
202206 0.000 142.347 0.000
202209 104.451 144.661 118.611
202212 0.000 145.763 0.000
202303 99.101 146.865 110.847
202306 0.000 150.280 0.000
202309 100.762 151.492 109.263
202312 0.000 152.924 0.000
202403 99.991 153.035 107.334
202406 0.000 155.789 0.000
202409 100.633 157.882 104.706
202412 0.000 158.323 0.000
202503 93.022 157.552 96.990
202506 0.000 159.755 0.000
202509 62.173 162.289 62.933
202512 0.000 163.281 0.000
202603 51.356 164.272 51.356

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 0.45 mean?
Asian Granito India (NSE:ASIANTILES) has a Cyclically Adjusted PB Ratio of 0.45 as of Aug. 11, 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 Asian Granito India and its competitors. This is 12% below median its historical median of 0.51. Over the past decade, Asian Granito India's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.00. According to the industry distribution chart, Asian Granito India ranks #255 out of 1343 companies in the Construction industry, placing it in the top 19%.
Is Asian Granito India's Cyclically Adjusted PB Ratio too high?
Asian Granito India's current Cyclically Adjusted PB Ratio of 0.45 is 12% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.00. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Asian Granito India's value of 0.45 is 61.5% below this industry median. Based on the distribution chart, Asian Granito India ranks #255 out of 1343 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Granito India has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asian Granito India's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Asian Granito India ranks #255 out of 1343 companies for Cyclically Adjusted PB Ratio. This places Asian Granito India in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Asian Granito India's value of 0.45 is 61.5% below this benchmark. Historically, Asian Granito India's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.00 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.17, Asian Granito India has consistently been below 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,343 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. Asian Granito India's current Cyclically Adjusted PB Ratio of 0.45 is 61.5% below 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 Asian Granito India and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Granito India's current Cyclically Adjusted PB Ratio is 0.45, which is 12% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Granito India stock overvalued right now?
Based on GuruFocus' analysis, Asian Granito India (NSE:ASIANTILES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹31.29, compared to a current price of ₹53.84 — trading 72.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 12% below median its 10-year median of 0.51 and 61.5% below the Construction industry median of 1.17. Asian Granito India's overall GF Score™ is 49/100 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 Asian Granito India (NSE:ASIANTILES), the current Cyclically Adjusted PB Ratio is 0.45 as of Aug. 11, 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 Asian Granito India (NSE:ASIANTILES) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Granito India stock appears to be overvalued. The current stock price of ₹53.84 is trading 72.1% above its estimated GF Value™ of ₹31.29. GuruFocus considers Asian Granito India to be Significantly Overvalued.

Key valuation signals for NSE:ASIANTILES:

  • Cyclically Adjusted PB Ratio: 0.45 (12% below median its 10-year median of 0.51)
  • GF Value™: ₹31.29 vs. price of ₹53.84 (72.1% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 61.5% below the Construction median (#255 of 1343)

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


Asian Granito India Business Description

Other Exchanges 532888:India
Address S.G. Highway, 202, Dev Arc, Opposite Iskon Temple, Ahmedabad, GJ, IND, 380015
Asian Granito India Ltd is engaged in the manufacturing and selling of wall and floor tiles. The company's product portfolio includes vitrified tiles, ceramic wall tiles, marble stones, grestek, crystal collection, aquart, and quartz stones, where some are exported to various countries such as the United States, Africa, the Gulf, and the Middle East countries. The company has only two reportable segments, which are Tiles & Others and Marble & Quartz. The firm's majority revenue is generated through sales in the Indian market.
49GF Score

Get the complete analysis for NSE:ASIANTILES

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

₹53.84
Price
₹31.29
GF Value