Kalyani Steels (NSE:KSL) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

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NSE:KSL Kalyani Steels Ltd NSE:KSL
78 GF Score
Price ₹875.55
GF Value ₹790.96
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Kalyani Steels Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kalyani Steels  (NSE:KSL) 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.


Kalyani Steels Cyclically Adjusted PB Ratio Related Terms


Kalyani Steels Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kalyani Steels'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.

Kalyani Steels Cyclically Adjusted PB Ratio Chart

Kalyani Steels 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 1.50 1.27 3.29 2.60 1.72

Kalyani Steels 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 2.41 0.00 1.72 0.00

NSE:KSL vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Kalyani Steels'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.


Kalyani Steels Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Kalyani Steels's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KSL
78GF Score
Kalyani Steels Ltd NSE:KSL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kalyani Steels 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.

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

For example, Kalyani Steels'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.

Kalyani Steels Quarterly Data

Book Value per Share CPI Adj_Book
201509 122.398 101.753 201.312
201512 0.000 102.901 0.000
201603 122.910 102.518 200.646
201606 0.000 105.961 0.000
201609 154.382 105.961 243.834
201703 160.589 105.196 255.483
201803 179.757 109.786 274.020
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 203.927 118.202 288.732
201906 0.000 120.880 0.000
201909 216.578 123.175 294.264
201912 0.000 126.235 0.000
202003 220.617 124.705 296.073
202006 0.000 127.000 0.000
202009 233.075 130.118 299.780
202012 0.000 130.889 0.000
202103 264.202 131.771 335.554
202106 0.000 134.084 0.000
202109 286.922 135.847 353.475
202112 0.000 138.161 0.000
202203 313.257 138.822 377.649
202206 0.000 142.347 0.000
202209 316.548 144.661 366.212
202212 0.000 145.763 0.000
202303 341.209 146.865 388.819
202306 0.000 150.280 0.000
202309 358.547 151.492 396.097
202312 0.000 152.924 0.000
202403 384.816 153.035 420.832
202406 0.000 155.789 0.000
202409 402.057 157.882 426.186
202412 0.000 158.323 0.000
202503 433.295 157.552 460.262
202506 0.000 159.755 0.000
202509 451.531 162.289 465.632
202512 0.000 163.281 0.000
202603 481.025 164.272 490.058
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 Kalyani Steels (NSE:KSL) Overvalued in 2026?

Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued. The current stock price of ₹875.55 is trading 10.7% above its estimated GF Value™ of ₹790.96. GuruFocus considers Kalyani Steels to be Modestly Overvalued.

Key valuation signals for NSE:KSL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹790.96 vs. price of ₹875.55 (10.7% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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


Kalyani Steels Business Description

Other Exchanges 500235:India
Address Mundhwa, Corporate Building, 2nd Floor, Pune, MH, IND, 411 036
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
78GF Score

Get the complete analysis for NSE:KSL

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

₹875.55
Price
₹790.96
GF Value