Maharashtra Seamless (NSE:MAHSEAMLES) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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:MAHSEAMLES Maharashtra Seamless Ltd NSE:MAHSEAMLES
82 GF Score
Price ₹610.60
GF Value ₹625.48
Valuation Fairly Valued
! 5 Warning Signs
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What is Maharashtra Seamless Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maharashtra Seamless  (NSE:MAHSEAMLES) 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.


Maharashtra Seamless Cyclically Adjusted PB Ratio Related Terms


Maharashtra Seamless Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maharashtra Seamless'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.

Maharashtra Seamless Cyclically Adjusted PB Ratio Chart

Maharashtra Seamless 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 2.01 1.48

Maharashtra Seamless 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 1.63 0.00 1.48 0.00

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

For the Steel subindustry, Maharashtra Seamless'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.


Maharashtra Seamless Cyclically Adjusted PB Ratio vs Steel Industry

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

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


NSE:MAHSEAMLES
82GF Score
Maharashtra Seamless Ltd NSE:MAHSEAMLES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Maharashtra Seamless 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.

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

For example, Maharashtra Seamless'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.

Maharashtra Seamless Quarterly Data

Book Value per Share CPI Adj_Book
201203 195.396 76.889 425.302
201303 199.527 85.687 389.701
201403 204.933 91.425 375.139
201503 200.540 97.163 345.418
201603 192.761 102.518 314.675
201703 204.954 105.196 326.063
201803 218.656 109.786 333.317
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 234.997 118.202 332.722
201906 0.000 120.880 0.000
201909 244.820 123.175 332.636
201912 0.000 126.235 0.000
202003 239.157 124.705 320.955
202006 0.000 127.000 0.000
202009 246.525 130.118 317.080
202012 0.000 130.889 0.000
202103 246.181 131.771 312.666
202106 0.000 134.084 0.000
202109 259.108 135.847 319.209
202112 0.000 138.161 0.000
202203 297.332 138.822 358.450
202206 0.000 142.347 0.000
202209 298.650 144.661 345.506
202212 0.000 145.763 0.000
202303 356.268 146.865 405.980
202306 0.000 150.280 0.000
202309 385.478 151.492 425.848
202312 0.000 152.924 0.000
202403 427.667 153.035 467.693
202406 0.000 155.789 0.000
202409 443.753 157.882 470.384
202412 0.000 158.323 0.000
202503 473.143 157.552 502.590
202506 0.000 159.755 0.000
202509 489.819 162.289 505.115
202512 0.000 163.281 0.000
202603 513.172 164.272 522.809
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 Maharashtra Seamless (NSE:MAHSEAMLES) Overvalued in 2026?

Based on GuruFocus' analysis, Maharashtra Seamless stock appears to be undervalued. The current stock price of ₹610.60 is trading 2.4% below its estimated GF Value™ of ₹625.48. GuruFocus considers Maharashtra Seamless to be Fairly Valued.

Key valuation signals for NSE:MAHSEAMLES:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹625.48 vs. price of ₹610.60 (2.4% below fair value)
  • GF Score™: 82/100 with 5 warning signs

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


Maharashtra Seamless Business Description

Other Exchanges 500265:India
Address Institutional Sector 44, Plot No. 30, Jindal Corporate Centre, Gurugram, HR, IND, 122003
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of electric resistance welded pipes, which include black and galvanized pipes, and seamless pipes and tubes, which include hot finished, cold drawn, and pilgered pipes. These products are used in various applications and sectors like oil and gas, hydrocarbon, power, agriculture, housing, and infrastructure, among others. The company's operating segments consist of steel pipes and tubes, power-electricity, rig, and others. The majority of its revenue is derived from the steel pipes and tubes segment.
82GF Score

Get the complete analysis for NSE:MAHSEAMLES

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

₹610.60
Price
₹625.48
GF Value