Felix Industries (NSE:FELIX) Cyclically Adjusted PB Ratio: 4.89 (As of Jul. 25, 2026) — 17% Below Median

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NSE:FELIX Felix Industries Ltd NSE:FELIX
84 GF Score
Price ₹178.95
GF Value ₹303.00
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Felix Industries Cyclically Adjusted PB Ratio?

Felix Industries NSE:FELIX -0.03% 84 Cyclically Adjusted PB Ratio is 4.89 as of Jul. 25, 2026, which is 17% below its 10-year median of 5.88. GuruFocus rates NSE:FELIX with a GF Score™ of 84/100 and a GF Value™ of ₹303.00 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 161 Waste Management companies, Felix Industries ranks worse than 87.58% on this metric.

As of today (2026-07-25), Felix Industries's current share price is ₹178.95. Felix Industries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was ₹36.57. Felix Industries's Cyclically Adjusted PB Ratio for today is 4.89.

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

NSE:FELIX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.71   Med: 5.88   Max: 7.42
Current: 5.14

During the past 13 years, Felix Industries's highest Cyclically Adjusted PB Ratio was 7.42. The lowest was 4.71. And the median was 5.88.

NSE:FELIX's Cyclically Adjusted PB Ratio is ranked worse than
87.58% of 161 companies
in the Waste Management industry
Industry Median: 1.61 vs NSE:FELIX: 5.14

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.

Felix Industries's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹92.577. 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 ₹36.57 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Felix Industries  (NSE:FELIX) 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.


Felix Industries Cyclically Adjusted PB Ratio Related Terms


Felix Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Felix 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.

Felix Industries Cyclically Adjusted PB Ratio Chart

Felix 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 1.68 9.28 17.24 5.57 4.33

Felix Industries Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Mar22 Sep22 Mar23 Sep23 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 5.57 0.00 0.00 0.00 4.33

NSE:FELIX vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Felix 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.


Felix Industries Cyclically Adjusted PB Ratio vs Waste Management Industry

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

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


NSE:FELIX
84GF Score
Felix Industries Ltd NSE:FELIX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Felix 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.

Felix Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=178.95/36.57
=4.89

* 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.

Felix Industries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Felix Industries's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=92.577/164.2724*164.2724
=92.577

Current CPI (Mar26) = 164.2724.

Felix Industries Annual Data

Book Value per Share CPI Adj_Book
201703 7.684 105.196 11.999
201803 17.590 109.786 26.320
201903 15.084 118.202 20.963
202003 14.487 124.705 19.084
202103 13.218 131.771 16.478
202203 14.837 138.822 17.557
202303 31.815 146.865 35.586
202403 52.951 153.035 56.839
202503 65.455 157.552 68.247
202603 92.577 164.272 92.577

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 4.89 mean?
Felix Industries (NSE:FELIX) has a Cyclically Adjusted PB Ratio of 4.89 as of Jul. 25, 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 Felix Industries and its competitors. This is 17% below median its historical median of 5.88. Over the past decade, Felix Industries' Cyclically Adjusted PB Ratio has ranged from 4.71 to 7.42. According to the industry distribution chart, Felix Industries ranks #141 out of 161 companies in the Waste Management industry, placing it in the top 87.6%.
Is Felix Industries' Cyclically Adjusted PB Ratio too high?
Felix Industries' current Cyclically Adjusted PB Ratio of 4.89 is 17% below median its 10-year median of 5.88. Over the past 10 years, this metric has ranged from a low of 4.71 to a high of 7.42. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.61. Felix Industries' value of 4.89 is 203.7% above this industry median. Based on the distribution chart, Felix Industries ranks #141 out of 161 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Felix Industries has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #141 out of 161 companies for Cyclically Adjusted PB Ratio. This places Felix Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Felix Industries' value of 4.89 is 203.7% above this benchmark. Historically, Felix Industries' own Cyclically Adjusted PB Ratio has ranged from 4.71 to 7.42 over the past decade. While the company's 10-year median is 5.88 vs. the industry median of 1.61, Felix Industries 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.61, based on 161 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. Felix Industries's current Cyclically Adjusted PB Ratio of 4.89 is 203.7% 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 Felix Industries and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current Cyclically Adjusted PB Ratio is 4.89, which is 17% below median its own 10-year median of 5.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Felix Industries stock overvalued right now?
Based on GuruFocus' analysis, Felix Industries (NSE:FELIX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹303.00, compared to a current price of ₹178.95 — trading 40.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.89, which is 17% below median its 10-year median of 5.88 and 203.7% above the Waste Management industry median of 1.61. Felix Industries' overall GF Score™ is 84/100 with 4 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 Felix Industries (NSE:FELIX), the current Cyclically Adjusted PB Ratio is 4.89 as of Jul. 25, 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 Felix Industries (NSE:FELIX) Overvalued in 2026?

Based on GuruFocus' analysis, Felix Industries stock appears to be undervalued. The current stock price of ₹178.95 is trading 40.9% below its estimated GF Value™ of ₹303.00. GuruFocus considers Felix Industries to be Possible Value Trap.

Key valuation signals for NSE:FELIX:

  • Cyclically Adjusted PB Ratio: 4.89 (17% below median its 10-year median of 5.88)
  • GF Value™: ₹303.00 vs. price of ₹178.95 (40.9% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 203.7% above the Waste Management median (#141 of 161)

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


Felix Industries Business Description

Address Piplaj Pirana Road, Plot No. 123, Devraj Industrial Park, Pirana, Ahmedabad, GJ, IND, 382405
Felix Industries Ltd is an Indian company engaged in water collection, treatment, and supply. It offers solutions for water and wastewater management by way of Reverse Osmosis Systems, Effluent Recycling Systems, and Zero Liquid Discharge Systems. The company provides services in the areas of water and wastewater engineering, industrial piping division, and E-waste recycling. The group operates in two different geographical territories, i.e., India and Oman. It generates the majority of its revenue within India.
84GF Score

Get the complete analysis for NSE:FELIX

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

₹178.95
Price
₹303.00
GF Value