Eco Recycling (NSE:ECORECO) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:ECORECO Eco Recycling Ltd NSE:ECORECO
66 GF Score
Price ₹459.00
GF Value ₹819.28
Valuation Possible Value Trap
! 2 Warning Signs
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What is Eco Recycling 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


Eco Recycling  (NSE:ECORECO) 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.


Eco Recycling Cyclically Adjusted PB Ratio Related Terms


Eco Recycling Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eco Recycling'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.

Eco Recycling Cyclically Adjusted PB Ratio Chart

Eco Recycling 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 4.83 21.73 25.98 9.28

Eco Recycling 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 20.82 0.00 9.28 0.00

NSE:ECORECO vs : Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Eco Recycling'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.


Eco Recycling Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Eco Recycling's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ECORECO
66GF Score
Eco Recycling Ltd NSE:ECORECO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eco Recycling 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.

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

For example, Eco Recycling'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.

Eco Recycling Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 234.812 0.000
201503 16.025 236.119 22.665
201506 0.000 238.638 0.000
201509 16.495 237.945 23.150
201512 0.000 236.525 0.000
201603 15.471 238.132 21.696
201703 14.449 243.801 19.792
201803 12.249 249.554 16.392
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201903 12.385 254.202 16.271
201906 0.000 256.143 0.000
201909 12.917 256.759 16.800
201912 0.000 256.974 0.000
202003 10.054 258.115 13.008
202006 0.000 257.797 0.000
202009 13.533 260.280 17.364
202012 0.000 260.474 0.000
202103 16.419 264.877 20.701
202106 0.000 271.696 0.000
202109 21.351 274.310 25.993
202112 0.000 278.802 0.000
202203 25.898 287.504 30.082
202206 0.000 296.311 0.000
202209 25.621 296.808 28.827
202212 0.000 296.797 0.000
202303 23.780 301.836 26.310
202306 0.000 305.109 0.000
202309 31.341 307.789 34.005
202312 0.000 306.746 0.000
202403 30.684 312.332 32.808
202406 0.000 314.175 0.000
202409 42.264 315.301 44.764
202412 0.000 315.605 0.000
202503 50.303 319.799 52.529
202506 0.000 322.561 0.000
202509 52.470 324.800 53.948
202512 0.000 324.054 0.000
202603 55.672 330.213 56.302
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 Eco Recycling (NSE:ECORECO) Overvalued in 2026?

Based on GuruFocus' analysis, Eco Recycling stock appears to be undervalued. The current stock price of ₹459.00 is trading 44% below its estimated GF Value™ of ₹819.28. GuruFocus considers Eco Recycling to be Possible Value Trap.

Key valuation signals for NSE:ECORECO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹819.28 vs. price of ₹459.00 (44% below fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Eco Recycling Business Description

Comparable Companies
Other Exchanges 530643:India
Address Andheri Kurla Road, Unit No. 422, 4th Floor, The Summit Business Bay, Opposite Cine Max Theater, Near WEH Metro Station, Andheri (East), Mumbai, IND, 400093
Eco Recycling Ltd is an Indian-based e-waste management company engaged in the business of recycling of electrical & electronic waste and affiliated services. It operates through a single segment: Operations of e-waste recycling. The company provides an end-to-end integrated solution for e-waste management to Multi-National Companies (MNC), Retailers, Original Equipment Manufacturers (OEM), Government Departments, NGOs, Households, Educational Institutions, and all other entities. The company earns revenue by the sale of scrap as well as by providing services.
66GF Score

Get the complete analysis for NSE:ECORECO

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

₹459.00
Price
₹819.28
GF Value