Finolex Cables (NSE:FINCABLES) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

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.
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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:FINCABLES Finolex Cables Ltd NSE:FINCABLES
96 GF Score
Price ₹1,260.50
GF Value ₹1,315.68
Valuation Fairly Valued
! 9 Warning Signs
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What is Finolex Cables Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Finolex Cables  (NSE:FINCABLES) 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.


Finolex Cables Cyclically Adjusted PB Ratio Related Terms


Finolex Cables Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Finolex Cables'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.

Finolex Cables Cyclically Adjusted PB Ratio Chart

Finolex Cables 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 2.44 4.36 4.65 3.73 2.76

Finolex Cables 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 3.09 0.00 2.76 0.00

NSE:FINCABLES vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Finolex Cables'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.


Finolex Cables Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:FINCABLES
96GF Score
Finolex Cables Ltd NSE:FINCABLES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Cables 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.

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

For example, Finolex Cables'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Finolex Cables Quarterly Data

Book Value per Share CPI Adj_Book
201503 97.385 97.163 167.740
201506 0.000 99.841 0.000
201509 90.085 101.753 148.166
201512 0.000 102.901 0.000
201603 116.123 102.518 189.566
201703 139.983 105.196 222.700
201803 158.819 109.786 242.102
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 178.965 118.202 253.389
201906 0.000 120.880 0.000
201909 187.075 123.175 254.178
201912 0.000 126.235 0.000
202003 196.399 124.705 263.572
202006 0.000 127.000 0.000
202009 201.227 130.118 258.818
202012 0.000 130.889 0.000
202103 223.260 131.771 283.555
202106 0.000 134.084 0.000
202109 233.692 135.847 287.898
202112 0.000 138.161 0.000
202203 256.446 138.822 309.160
202206 0.000 142.347 0.000
202209 262.726 144.661 303.946
202212 0.000 145.763 0.000
202303 285.758 146.865 325.631
202306 0.000 150.280 0.000
202309 300.730 151.492 332.225
202312 0.000 152.924 0.000
202403 323.388 153.035 353.655
202406 0.000 155.789 0.000
202409 339.486 157.882 359.860
202412 0.000 158.323 0.000
202503 359.309 157.552 381.671
202506 0.000 159.755 0.000
202509 372.866 162.289 384.510
202512 0.000 163.281 0.000
202603 397.929 164.272 405.402
202606 0.000 167.357 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 Finolex Cables (NSE:FINCABLES) Overvalued in 2026?

Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued. The current stock price of ₹1,260.50 is trading 4.2% below its estimated GF Value™ of ₹1,315.68. GuruFocus considers Finolex Cables to be Fairly Valued.

Key valuation signals for NSE:FINCABLES:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,315.68 vs. price of ₹1,260.50 (4.2% below fair value)
  • GF Score™: 96/100 with 9 warning signs

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


Finolex Cables Business Description

Other Exchanges 500144:India
Address 26-27 Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411018
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
96GF Score

Get the complete analysis for NSE:FINCABLES

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

₹1,260.50
Price
₹1,315.68
GF Value