Indo Borax & Chemicals (NSE:INDOBORAX) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:INDOBORAX Indo Borax & Chemicals Ltd NSE:INDOBORAX
74 GF Score
Price ₹487.40
GF Value ₹245.29
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Indo Borax & Chemicals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indo Borax & Chemicals  (NSE:INDOBORAX) 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.


Indo Borax & Chemicals Cyclically Adjusted PB Ratio Related Terms


Indo Borax & Chemicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indo Borax & Chemicals'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.

Indo Borax & Chemicals Cyclically Adjusted PB Ratio Chart

Indo Borax & Chemicals 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 2.90 3.43

Indo Borax & Chemicals 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 3.49 0.00 3.43 0.00

NSE:INDOBORAX vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Indo Borax & Chemicals'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.


Indo Borax & Chemicals Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indo Borax & Chemicals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indo Borax & Chemicals's Cyclically Adjusted PB Ratio falls into.


NSE:INDOBORAX
74GF Score
Indo Borax & Chemicals Ltd NSE:INDOBORAX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indo Borax & Chemicals 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.

Indo Borax & Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Indo Borax & Chemicals'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.

Indo Borax & Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 17.184 85.687 33.562
201403 20.291 91.425 37.144
201503 24.442 97.163 42.100
201603 27.134 102.518 44.295
201703 29.473 105.196 46.889
201803 32.575 109.786 49.657
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 37.833 118.202 53.566
201906 0.000 120.880 0.000
201909 40.261 123.175 54.702
201912 0.000 126.235 0.000
202003 43.110 124.705 57.855
202006 0.000 127.000 0.000
202009 46.350 130.118 59.615
202012 0.000 130.889 0.000
202103 53.851 131.771 68.394
202106 0.000 134.084 0.000
202109 58.665 135.847 72.273
202112 0.000 138.161 0.000
202203 64.554 138.822 77.823
202206 0.000 142.347 0.000
202209 71.215 144.661 82.388
202212 0.000 145.763 0.000
202303 79.480 146.865 90.570
202306 0.000 150.280 0.000
202309 84.831 151.492 93.715
202312 0.000 152.924 0.000
202403 91.433 153.035 99.990
202406 0.000 155.789 0.000
202409 98.321 157.882 104.222
202412 0.000 158.323 0.000
202503 104.529 157.552 111.035
202506 0.000 159.755 0.000
202509 112.464 162.289 115.976
202512 0.000 163.281 0.000
202603 120.468 164.272 122.730
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 Indo Borax & Chemicals (NSE:INDOBORAX) Overvalued in 2026?

Based on GuruFocus' analysis, Indo Borax & Chemicals stock appears to be overvalued. The current stock price of ₹487.40 is trading 98.7% above its estimated GF Value™ of ₹245.29. GuruFocus considers Indo Borax & Chemicals to be Significantly Overvalued.

Key valuation signals for NSE:INDOBORAX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹245.29 vs. price of ₹487.40 (98.7% above fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Indo Borax & Chemicals Business Description

Other Exchanges 524342:India
Address Linking Road, 302, 3rd Floor, Link Rose Building, Santacruz West, Mumbai, MH, IND, 400054
Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.
74GF Score

Get the complete analysis for NSE:INDOBORAX

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

₹487.40
Price
₹245.29
GF Value