Axtel Industries (NSE:AXTEL) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:AXTEL Axtel Industries Ltd NSE:AXTEL
70 GF Score
Price ₹411.95
GF Value ₹621.01
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Axtel Industries Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axtel Industries  (NSE:AXTEL) 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.


Axtel Industries Cyclically Adjusted PB Ratio Related Terms


Axtel Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Axtel 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.

Axtel Industries Cyclically Adjusted PB Ratio Chart

Axtel Industries 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 7.52 6.15 14.82 9.42 6.52

Axtel Industries 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 8.65 0.00 6.52 0.00

NSE:AXTEL vs : Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Axtel 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.


Axtel Industries Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:AXTEL
70GF Score
Axtel Industries Ltd NSE:AXTEL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Axtel 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.

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

For example, Axtel Industries'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Axtel Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.642 241.428 28.553
201612 0.000 241.432 0.000
201703 22.819 243.801 31.257
201706 0.000 244.955 0.000
201709 24.701 246.819 33.421
201712 0.000 246.524 0.000
201803 26.626 249.554 35.631
201806 0.000 251.989 0.000
201809 31.349 252.439 41.472
201812 0.000 251.233 0.000
201903 32.226 254.202 42.336
201906 0.000 256.143 0.000
201909 32.914 256.759 42.809
201912 0.000 256.974 0.000
202003 34.045 258.115 44.048
202006 0.000 257.797 0.000
202009 41.487 260.280 53.230
202012 0.000 260.474 0.000
202103 44.182 264.877 55.704
202106 0.000 271.696 0.000
202109 44.306 274.310 53.939
202112 0.000 278.802 0.000
202203 50.030 287.504 58.113
202206 0.000 296.311 0.000
202209 50.654 296.808 56.993
202212 0.000 296.797 0.000
202303 59.522 301.836 65.855
202306 0.000 305.109 0.000
202309 66.984 307.789 72.678
202312 0.000 306.746 0.000
202403 69.953 312.332 74.795
202406 0.000 314.175 0.000
202409 75.955 315.301 80.448
202412 0.000 315.605 0.000
202503 75.878 319.799 79.236
202506 0.000 322.561 0.000
202509 77.201 324.800 79.376
202512 0.000 324.054 0.000
202603 77.159 330.213 78.033
202606 0.000 333.952 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 Axtel Industries (NSE:AXTEL) Overvalued in 2026?

Based on GuruFocus' analysis, Axtel Industries stock appears to be undervalued. The current stock price of ₹411.95 is trading 33.7% below its estimated GF Value™ of ₹621.01. GuruFocus considers Axtel Industries to be Significantly Undervalued.

Key valuation signals for NSE:AXTEL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹621.01 vs. price of ₹411.95 (33.7% below fair value)
  • GF Score™: 70/100 with 2 warning signs

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


Axtel Industries Business Description

Comparable Companies
Other Exchanges 523850:India
Address Vadodara-Halol Highway, Baska, Plot No. 43/1, Village Nurpura, District Panchmahal, Halol, GJ, IND, 389350
Axtel Industries Ltd is engaged in the business of manufacturing process engineering equipment for food processing Industries. The company offers various food processing systems, such as size reduction systems, mixing systems, spice processing systems, and steam sterilization systems, etc. In addition, it also offers a wide range of process equipment such as belt conveyors, bulk loaders, storage tanks, hammer mills, and other equipment for mixing and blending, storage, solids handling, and other applications. The company has only one segment of manufacturing food processing instruments and equipments. Geographically, it derives maximum revenue from its business within India, and also has some exposure to other markets.
70GF Score

Get the complete analysis for NSE:AXTEL

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

₹411.95
Price
₹621.01
GF Value