DCM (NSE:DCM) Cyclically Adjusted PB Ratio: 1.67 (As of Jul. 28, 2026) — 90% Above Median

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NSE:DCM DCM Ltd NSE:DCM
72 GF Score
Price ₹87.00
GF Value ₹95.09
Valuation Fairly Valued
! 1 Warning Sign
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What is DCM Cyclically Adjusted PB Ratio?

DCM NSE:DCM -2.14% 72 Cyclically Adjusted PB Ratio is 1.67 as of Jul. 28, 2026, which is 90% above its 10-year median of 0.88. GuruFocus rates NSE:DCM with a GF Score™ of 72/100 and a GF Value™ of ₹95.09 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,278 Industrial Products companies, DCM ranks better than 58.78% on this metric.

As of today (2026-07-28), DCM's current share price is ₹87.00. DCM's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹52.22. DCM's Cyclically Adjusted PB Ratio for today is 1.67.

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

NSE:DCM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.88   Max: 1.9
Current: 1.67

During the past years, DCM's highest Cyclically Adjusted PB Ratio was 1.90. The lowest was 0.13. And the median was 0.88.

NSE:DCM's Cyclically Adjusted PB Ratio is ranked better than
58.78% of 2278 companies
in the Industrial Products industry
Industry Median: 2.105 vs NSE:DCM: 1.67

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.

DCM's adjusted book value per share data for the three months ended in Mar. 2026 was ₹24.971. 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 ₹52.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DCM  (NSE:DCM) 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.


DCM Cyclically Adjusted PB Ratio Related Terms


DCM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DCM'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.

DCM Cyclically Adjusted PB Ratio Chart

DCM 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 0.72 0.76 0.87 1.44 1.06

DCM 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 1.44 0.00 1.60 0.00 1.06

NSE:DCM vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, DCM'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.


DCM Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:DCM
72GF Score
DCM Ltd NSE:DCM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DCM 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.

DCM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.00/52.22
=1.67

* 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.

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

For example, DCM'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)
=24.971/164.2724*164.2724
=24.971

Current CPI (Mar. 2026) = 164.2724.

DCM Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 121.094 105.961 187.733
201612 0.000 105.196 0.000
201703 115.855 105.196 180.917
201706 0.000 107.109 0.000
201709 99.984 109.021 150.655
201712 0.000 109.404 0.000
201803 94.561 109.786 141.491
201806 0.000 111.317 0.000
201809 97.569 115.142 139.201
201812 0.000 115.142 0.000
201903 94.573 118.202 131.434
201906 0.000 120.880 0.000
201909 8.754 123.175 11.675
201912 0.000 126.235 0.000
202003 -1.044 124.705 -1.375
202006 0.000 127.000 0.000
202009 -7.688 130.118 -9.706
202012 0.000 130.889 0.000
202103 -10.208 131.771 -12.726
202106 0.000 134.084 0.000
202109 0.037 135.847 0.045
202112 0.000 138.161 0.000
202203 6.392 138.822 7.564
202206 0.000 142.347 0.000
202209 9.803 144.661 11.132
202212 0.000 145.763 0.000
202303 8.007 146.865 8.956
202306 0.000 150.280 0.000
202309 7.479 151.492 8.110
202312 0.000 152.924 0.000
202403 11.120 153.035 11.937
202406 0.000 155.789 0.000
202409 11.506 157.882 11.972
202412 0.000 158.323 0.000
202503 22.979 157.552 23.959
202506 0.000 159.755 0.000
202509 25.495 162.289 25.807
202512 0.000 163.281 0.000
202603 24.971 164.272 24.971

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 1.67 mean?
DCM (NSE:DCM) has a Cyclically Adjusted PB Ratio of 1.67 as of Jul. 28, 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 DCM and its competitors. This is 90% above median its historical median of 0.88. Over the past decade, DCM's Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.90. According to the industry distribution chart, DCM ranks #939 out of 2278 companies in the Industrial Products industry, placing it in the top 41.2%.
Is DCM's Cyclically Adjusted PB Ratio too high?
DCM's current Cyclically Adjusted PB Ratio of 1.67 is 90% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.90. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. DCM's value of 1.67 is 20.7% below this industry median. Based on the distribution chart, DCM ranks #939 out of 2278 companies in the Industrial Products industry, which is above the industry midpoint. Overall, DCM has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DCM's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, DCM ranks #939 out of 2278 companies for Cyclically Adjusted PB Ratio. This puts DCM in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. DCM's value of 1.67 is 20.7% below this benchmark. Historically, DCM's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.90 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 2.11, DCM 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. DCM's current Cyclically Adjusted PB Ratio of 1.67 is 20.7% 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 DCM and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DCM's current Cyclically Adjusted PB Ratio is 1.67, which is 90% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DCM stock overvalued right now?
Based on GuruFocus' analysis, DCM (NSE:DCM) is currently considered Fairly Valued. The stock's GF Value™ is ₹95.09, compared to a current price of ₹87.00 — trading 8.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.67, which is 90% above median its 10-year median of 0.88 and 20.7% below the Industrial Products industry median of 2.11. DCM's overall GF Score™ is 72/100 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 DCM (NSE:DCM), the current Cyclically Adjusted PB Ratio is 1.67 as of Jul. 28, 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 DCM (NSE:DCM) Overvalued in 2026?

Based on GuruFocus' analysis, DCM stock appears to be undervalued. The current stock price of ₹87.00 is trading 8.5% below its estimated GF Value™ of ₹95.09. GuruFocus considers DCM to be Fairly Valued.

Key valuation signals for NSE:DCM:

  • Cyclically Adjusted PB Ratio: 1.67 (90% above median its 10-year median of 0.88)
  • GF Value™: ₹95.09 vs. price of ₹87.00 (8.5% below fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 20.7% below the Industrial Products median (#939 of 2278)

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


DCM Business Description

Other Exchanges 502820:India
Address 20, Manohar Lal Khurana Marg, Plaza - II, Central Square, Unit Nos. 2050 to 2052, 2nd Floor, Bara Hindu Rao, New Delhi, IND, 110006
DCM Ltd is engaged in the business of Textiles, Grey iron casting, IT Infrastructure Services, and Real Estate. It is mainly involved in the business of manufacturing and supplying castings across all segments in the automotive market, Real Estate and IT activities. The segments of the group are IT services; Real estate and Grey iron casting. The Real Estate segment encompasses the development of the Company's real estate site at Bara Hindu Rao/ Kishan Ganj, Delhi.
72GF Score

Get the complete analysis for NSE:DCM

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

₹87.00
Price
₹95.09
GF Value