Indian Card Clothing Co (NSE:INDIANCARD) Cyclically Adjusted PB Ratio: (As of Aug. 29, 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:INDIANCARD Indian Card Clothing Co Ltd NSE:INDIANCARD
68 GF Score
Price ₹210.29
GF Value ₹234.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Indian Card Clothing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indian Card Clothing Co  (NSE:INDIANCARD) 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.


Indian Card Clothing Co Cyclically Adjusted PB Ratio Related Terms


Indian Card Clothing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indian Card Clothing Co'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.

Indian Card Clothing Co Cyclically Adjusted PB Ratio Chart

Indian Card Clothing Co 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 0.00 0.00 0.65 0.40

Indian Card Clothing Co 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 0.69 0.00 0.40 0.00

Indian Card Clothing Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Indian Card Clothing Co'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.


Indian Card Clothing Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Card Clothing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indian Card Clothing Co's Cyclically Adjusted PB Ratio falls into.


NSE:INDIANCARD
68GF Score
Indian Card Clothing Co Ltd NSE:INDIANCARD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Card Clothing Co 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.

Indian Card Clothing Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Indian Card Clothing Co'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.

Indian Card Clothing Co Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 206.871 85.687 404.045
201403 209.538 91.425 383.569
201503 200.099 97.163 344.659
201603 222.460 102.518 363.158
201703 229.073 105.196 364.434
201803 185.787 109.786 283.212
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 140.161 118.202 198.448
201906 0.000 120.880 0.000
201909 131.364 123.175 178.484
201912 0.000 126.235 0.000
202003 129.334 124.705 173.569
202006 0.000 127.000 0.000
202009 121.560 130.118 156.350
202012 0.000 130.889 0.000
202103 120.354 131.771 152.858
202106 0.000 134.084 0.000
202109 116.837 135.847 143.938
202112 0.000 138.161 0.000
202203 441.769 138.822 532.577
202206 0.000 142.347 0.000
202209 394.392 144.661 456.269
202212 0.000 145.763 0.000
202303 401.406 146.865 457.416
202306 0.000 150.280 0.000
202309 413.676 151.492 456.999
202312 0.000 152.924 0.000
202403 414.491 153.035 453.284
202406 0.000 155.789 0.000
202409 540.671 157.882 573.119
202412 0.000 158.323 0.000
202503 569.357 157.552 604.792
202506 0.000 159.755 0.000
202509 583.995 162.289 602.232
202512 0.000 163.281 0.000
202603 577.305 164.272 588.146
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 Indian Card Clothing Co (NSE:INDIANCARD) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Card Clothing Co stock appears to be undervalued. The current stock price of ₹210.29 is trading 10.5% below its estimated GF Value™ of ₹234.99. GuruFocus considers Indian Card Clothing Co to be Modestly Undervalued.

Key valuation signals for NSE:INDIANCARD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹234.99 vs. price of ₹210.29 (10.5% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Indian Card Clothing Co Business Description

Other Exchanges 509692:India
Address Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036
Indian Card Clothing Co Ltd (ICC) is a precision engineering company specializing in the manufacturing and supply of card clothing products and carding solutions for the textile industry. ICC has developed card clothing products such as cylinder wires, doffer wires, lickerin wires, and flat tops used in cotton carding and non-woven textile processes. The company operates manufacturing facilities in Pune, Maharashtra, and Nalagarh, Himachal Pradesh, catering to domestic and international markets. It generates revenue through sales of card clothing sets and related accessories to textile producers. ICC focuses on technology-driven product innovation to meet evolving industry requirements.
68GF Score

Get the complete analysis for NSE:INDIANCARD

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

₹210.29
Price
₹234.99
GF Value