Fine Organic Industries (NSE:FINEORG) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:FINEORG Fine Organic Industries Ltd NSE:FINEORG
99 GF Score
Price ₹5,143.80
GF Value ₹4,910.42
Valuation Fairly Valued
! 6 Warning Signs
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What is Fine Organic Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fine Organic Industries  (NSE:FINEORG) 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.


Fine Organic Industries Cyclically Adjusted PB Ratio Related Terms


Fine Organic Industries Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Fine Organic 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.

Fine Organic Industries Cyclically Adjusted PB Ratio Chart

Fine Organic Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Fine Organic 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 0.00 0.00 0.00 0.00

NSE:FINEORG vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Fine Organic 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.


Fine Organic Industries Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fine Organic Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:FINEORG
99GF Score
Fine Organic Industries Ltd NSE:FINEORG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fine Organic 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.

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

For example, Fine Organic 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Fine Organic Industries Quarterly Data

Book Value per Share CPI Adj_Book
201303 31.822 85.687 62.152
201403 51.961 91.425 95.117
201503 67.586 97.163 116.413
201603 81.785 102.518 133.511
201703 107.084 105.196 170.361
201712 118.135 109.404 180.713
201803 129.023 109.786 196.681
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 163.156 118.202 231.006
201906 0.000 120.880 0.000
201909 184.843 123.175 251.145
201912 0.000 126.235 0.000
202003 201.856 124.705 270.896
202006 0.000 127.000 0.000
202009 218.512 130.118 281.050
202012 0.000 130.889 0.000
202103 238.548 131.771 302.972
202106 0.000 134.084 0.000
202109 255.897 135.847 315.253
202112 0.000 138.161 0.000
202203 312.851 138.822 377.159
202206 0.000 142.347 0.000
202209 419.996 144.661 485.890
202212 0.000 145.763 0.000
202303 502.690 146.865 572.833
202306 0.000 150.280 0.000
202309 558.791 151.492 617.311
202312 0.000 152.924 0.000
202403 626.565 153.035 685.206
202406 0.000 155.789 0.000
202409 691.416 157.882 732.910
202412 0.000 158.323 0.000
202503 748.607 157.552 795.198
202506 0.000 159.755 0.000
202509 807.967 162.289 833.199
202512 0.000 163.281 0.000
202603 869.055 164.272 885.375
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 Fine Organic Industries (NSE:FINEORG) Overvalued in 2026?

Based on GuruFocus' analysis, Fine Organic Industries stock appears to be overvalued. The current stock price of ₹5,143.80 is trading 4.8% above its estimated GF Value™ of ₹4,910.42. GuruFocus considers Fine Organic Industries to be Fairly Valued.

Key valuation signals for NSE:FINEORG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹4,910.42 vs. price of ₹5,143.80 (4.8% above fair value)
  • GF Score™: 99/100 with 6 warning signs

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


Fine Organic Industries Business Description

Other Exchanges 541557:India
Address Anandji Street, Off M. G. Road, Fine House, Ghatkopar (East), Mumbai, MH, IND, 400077
Fine Organic Industries Ltd is an Indian company engaged in the business of manufacturing oleochemical-based additives. The company produces specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, and several other specialty applications. Some of the chemicals in its product portfolio are Finalux G 101, Finasoft 100, Finamul 2402, and FinaGreen 1014 among others. Geographically, the company generates a majority of its revenue from outside India by exporting its products to various countries.
99GF Score

Get the complete analysis for NSE:FINEORG

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

₹5,143.80
Price
₹4,910.42
GF Value