International Conveyors (NSE:INTLCONV) Cyclically Adjusted PB Ratio: 2.04 (As of Aug. 05, 2026) — 22% Below Median

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NSE:INTLCONV International Conveyors Ltd NSE:INTLCONV
82 GF Score
Price ₹74.93
GF Value ₹120.91
Valuation Possible Value Trap
! 2 Warning Signs
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What is International Conveyors Cyclically Adjusted PB Ratio?

International Conveyors NSE:INTLCONV +1.57% 82 Cyclically Adjusted PB Ratio is 2.04 as of Aug. 05, 2026, which is 22% below its 10-year median of 2.61. GuruFocus rates NSE:INTLCONV with a GF Score™ of 82/100 and a GF Value™ of ₹120.91 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,255 Industrial Products companies, International Conveyors ranks better than 50.86% on this metric.

As of today (2026-08-05), International Conveyors's current share price is ₹74.93. International Conveyors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹36.81. International Conveyors's Cyclically Adjusted PB Ratio for today is 2.04.

The historical rank and industry rank for International Conveyors's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:INTLCONV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 2.61   Max: 3.51
Current: 2.04

During the past years, International Conveyors's highest Cyclically Adjusted PB Ratio was 3.51. The lowest was 1.81. And the median was 2.61.

NSE:INTLCONV's Cyclically Adjusted PB Ratio is ranked better than
50.86% of 2255 companies
in the Industrial Products industry
Industry Median: 2.07 vs NSE:INTLCONV: 2.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

International Conveyors's adjusted book value per share data for the three months ended in Mar. 2026 was ₹66.529. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹36.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Conveyors  (NSE:INTLCONV) 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.


International Conveyors Cyclically Adjusted PB Ratio Related Terms


International Conveyors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Conveyors'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.

International Conveyors Cyclically Adjusted PB Ratio Chart

International Conveyors 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 2.15 1.63

International Conveyors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.15 0.00 2.89 0.00 1.63

NSE:INTLCONV vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, International Conveyors'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.


International Conveyors Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:INTLCONV
82GF Score
International Conveyors Ltd NSE:INTLCONV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Conveyors 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.

International Conveyors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=74.93/36.81
=2.04

* 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.

International Conveyors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, International Conveyors's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=66.529/164.2724*164.2724
=66.529

Current CPI (Mar. 2026) = 164.2724.

International Conveyors Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 79.567 0.000
201209 21.212 82.244 42.368
201212 0.000 83.774 0.000
201303 11.110 85.687 21.299
201306 0.000 88.365 0.000
201312 0.000 91.425 0.000
201403 11.515 91.425 20.690
201503 11.013 97.163 18.620
201603 14.031 102.518 22.483
201703 18.369 105.196 28.685
201803 22.155 109.786 33.150
201903 21.731 118.202 30.201
201906 0.000 120.880 0.000
201909 23.393 123.175 31.198
201912 0.000 126.235 0.000
202003 18.119 124.705 23.868
202006 0.000 127.000 0.000
202009 20.730 130.118 26.171
202012 0.000 130.889 0.000
202103 22.815 131.771 28.442
202106 0.000 134.084 0.000
202109 29.573 135.847 35.761
202112 0.000 138.161 0.000
202203 32.042 138.822 37.916
202206 0.000 142.347 0.000
202209 34.258 144.661 38.902
202212 0.000 145.763 0.000
202303 33.223 146.865 37.161
202306 0.000 150.280 0.000
202309 39.930 151.492 43.299
202312 0.000 152.924 0.000
202403 43.067 153.035 46.230
202406 0.000 155.789 0.000
202409 52.476 157.882 54.600
202412 0.000 158.323 0.000
202503 57.085 157.552 59.520
202506 0.000 159.755 0.000
202509 61.744 162.289 62.499
202512 0.000 163.281 0.000
202603 66.529 164.272 66.529

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.

What does a Cyclically Adjusted PB Ratio of 2.04 mean?
International Conveyors (NSE:INTLCONV) has a Cyclically Adjusted PB Ratio of 2.04 as of Aug. 05, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on International Conveyors and its competitors. This is 22% below median its historical median of 2.61. Over the past decade, International Conveyors' Cyclically Adjusted PB Ratio has ranged from 1.81 to 3.51. According to the industry distribution chart, International Conveyors ranks #1108 out of 2255 companies in the Industrial Products industry, placing it in the top 49.1%.
Is International Conveyors' Cyclically Adjusted PB Ratio too high?
International Conveyors' current Cyclically Adjusted PB Ratio of 2.04 is 22% below median its 10-year median of 2.61. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 3.51. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. International Conveyors' value of 2.04 is 1.4% below this industry median. Based on the distribution chart, International Conveyors ranks #1108 out of 2255 companies in the Industrial Products industry, which is above the industry midpoint. Overall, International Conveyors has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does International Conveyors' Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, International Conveyors ranks #1108 out of 2255 companies for Cyclically Adjusted PB Ratio. This puts International Conveyors in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. International Conveyors' value of 2.04 is 1.4% below this benchmark. Historically, International Conveyors' own Cyclically Adjusted PB Ratio has ranged from 1.81 to 3.51 over the past decade. While the company's 10-year median is 2.61 vs. the industry median of 2.07, International Conveyors has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,255 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Conveyors's current Cyclically Adjusted PB Ratio of 2.04 is 1.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on International Conveyors and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Conveyors's current Cyclically Adjusted PB Ratio is 2.04, which is 22% below median its own 10-year median of 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Conveyors stock overvalued right now?
Based on GuruFocus' analysis, International Conveyors (NSE:INTLCONV) is currently considered Possible Value Trap. The stock's GF Value™ is ₹120.91, compared to a current price of ₹74.93 — trading 38% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.04, which is 22% below median its 10-year median of 2.61 and 1.4% below the Industrial Products industry median of 2.07. International Conveyors' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For International Conveyors (NSE:INTLCONV), the current Cyclically Adjusted PB Ratio is 2.04 as of Aug. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Conveyors (NSE:INTLCONV) Overvalued in 2026?

Based on GuruFocus' analysis, International Conveyors stock appears to be undervalued. The current stock price of ₹74.93 is trading 38% below its estimated GF Value™ of ₹120.91. GuruFocus considers International Conveyors to be Possible Value Trap.

Key valuation signals for NSE:INTLCONV:

  • Cyclically Adjusted PB Ratio: 2.04 (22% below median its 10-year median of 2.61)
  • GF Value™: ₹120.91 vs. price of ₹74.93 (38% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 1.4% below the Industrial Products median (#1108 of 2255)

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


International Conveyors Business Description

Other Exchanges 509709:India
Address Middleton Row, No. 10, Kolkata, WB, IND, 700071
International Conveyors Ltd is engaged in manufacturing and trading of Conveyor belting and fitting and accessories; and generation and sale of power. The company is manufactures and markets solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. The company operates its business through the segments of Conveyor Belting, Wind Energy, Trading Goods, and Treasury segment. The Conveyor Belting segment, which is the key revenue driver, includes PVC fire-resistant antistatic solid woven coal conveyor belting whereas the Wind Energy segment includes generation, supply, and sale of wind power. The group sells its products in India and also exports them to other countries, of which key revenue is derived from the export sales made.
82GF Score

Get the complete analysis for NSE:INTLCONV

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

₹74.93
Price
₹120.91
GF Value