India Nippon Electricals (NSE:INDNIPPON) Cyclically Adjusted PB Ratio: (As of Sep. 06, 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:INDNIPPON India Nippon Electricals Ltd NSE:INDNIPPON
88 GF Score
Price ₹1,158.20
GF Value ₹1,064.75
Valuation Fairly Valued
! 4 Warning Signs
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What is India Nippon Electricals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


India Nippon Electricals  (NSE:INDNIPPON) 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.


India Nippon Electricals Cyclically Adjusted PB Ratio Related Terms


India Nippon Electricals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for India Nippon Electricals'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.

India Nippon Electricals Cyclically Adjusted PB Ratio Chart

India Nippon Electricals 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 3.17 2.54 2.69

India Nippon Electricals 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 3.60 0.00 2.69 0.00

NSE:INDNIPPON vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, India Nippon Electricals'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.


India Nippon Electricals Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, India Nippon Electricals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where India Nippon Electricals's Cyclically Adjusted PB Ratio falls into.


NSE:INDNIPPON
88GF Score
India Nippon Electricals Ltd NSE:INDNIPPON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Nippon Electricals 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.

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

For example, India Nippon Electricals'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.

India Nippon Electricals Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.000 88.365 0.000
201312 0.000 91.425 0.000
201403 94.153 91.425 172.351
201503 107.486 97.163 185.138
201603 113.418 102.518 185.151
201703 121.750 105.196 193.693
201803 151.360 109.786 230.732
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 177.009 118.202 250.619
201906 0.000 120.880 0.000
201909 187.768 123.175 255.120
201912 0.000 126.235 0.000
202003 185.575 124.705 249.046
202006 0.000 127.000 0.000
202009 189.850 130.118 244.185
202012 0.000 130.889 0.000
202103 199.363 131.771 253.204
202106 0.000 134.084 0.000
202109 209.173 135.847 257.692
202112 0.000 138.161 0.000
202203 223.319 138.822 269.223
202206 0.000 142.347 0.000
202209 231.718 144.661 268.073
202212 0.000 145.763 0.000
202303 247.703 146.865 282.266
202306 0.000 150.280 0.000
202309 259.440 151.492 286.610
202312 0.000 152.924 0.000
202403 275.518 153.035 301.304
202406 0.000 155.789 0.000
202409 294.205 157.882 311.861
202412 0.000 158.323 0.000
202503 314.389 157.552 333.956
202506 0.000 159.755 0.000
202509 346.912 162.289 357.746
202512 0.000 163.281 0.000
202603 363.083 164.272 369.901
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 India Nippon Electricals (NSE:INDNIPPON) Overvalued in 2026?

Based on GuruFocus' analysis, India Nippon Electricals stock appears to be overvalued. The current stock price of ₹1,158.20 is trading 8.8% above its estimated GF Value™ of ₹1,064.75. GuruFocus considers India Nippon Electricals to be Fairly Valued.

Key valuation signals for NSE:INDNIPPON:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,064.75 vs. price of ₹1,158.20 (8.8% above fair value)
  • GF Score™: 88/100 with 4 warning signs

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


India Nippon Electricals Business Description

Other Exchanges 532240:India
Address No. 11 and 13, Patullos Road, Chennai, TN, IND, 600002
India Nippon Electricals Ltd is an India-based company that engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, rotor products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of its revenue from India.
88GF Score

Get the complete analysis for NSE:INDNIPPON

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

₹1,158.20
Price
₹1,064.75
GF Value