Maithan Alloys (NSE:MAITHANALL) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

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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:MAITHANALL Maithan Alloys Ltd NSE:MAITHANALL
80 GF Score
Price ₹993.95
GF Value ₹1,122.18
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Maithan Alloys Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maithan Alloys  (NSE:MAITHANALL) 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.


Maithan Alloys Cyclically Adjusted PB Ratio Related Terms


Maithan Alloys Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maithan Alloys'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.

Maithan Alloys Cyclically Adjusted PB Ratio Chart

Maithan Alloys 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 1.46 1.12

Maithan Alloys 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 1.12 0.00

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

For the Steel subindustry, Maithan Alloys'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.


Maithan Alloys Cyclically Adjusted PB Ratio vs Steel Industry

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

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


NSE:MAITHANALL
80GF Score
Maithan Alloys Ltd NSE:MAITHANALL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Maithan Alloys 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.

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

For example, Maithan Alloys'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.

Maithan Alloys Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 92.259 85.687 180.193
201403 95.117 91.425 174.116
201503 110.783 97.163 190.817
201603 138.706 102.518 226.432
201703 200.996 105.196 319.766
201803 298.099 109.786 454.419
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 382.159 118.202 541.083
201906 0.000 120.880 0.000
201909 407.100 123.175 553.125
201912 0.000 126.235 0.000
202003 443.879 124.705 595.696
202006 0.000 127.000 0.000
202009 473.842 130.118 609.454
202012 0.000 130.889 0.000
202103 522.671 131.771 663.827
202106 0.000 134.084 0.000
202109 617.999 135.847 761.347
202112 0.000 138.161 0.000
202203 797.973 138.822 962.000
202206 0.000 142.347 0.000
202209 904.308 144.661 1,046.187
202212 0.000 145.763 0.000
202303 963.263 146.865 1,097.672
202306 0.000 150.280 0.000
202309 999.145 151.492 1,103.782
202312 0.000 152.924 0.000
202403 1,079.246 153.035 1,180.255
202406 0.000 155.789 0.000
202409 1,279.496 157.882 1,356.283
202412 0.000 158.323 0.000
202503 1,286.782 157.552 1,366.868
202506 0.000 159.755 0.000
202509 1,416.382 162.289 1,460.614
202512 0.000 163.281 0.000
202603 1,424.141 164.272 1,450.885
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 Maithan Alloys (NSE:MAITHANALL) Overvalued in 2026?

Based on GuruFocus' analysis, Maithan Alloys stock appears to be undervalued. The current stock price of ₹993.95 is trading 11.4% below its estimated GF Value™ of ₹1,122.18. GuruFocus considers Maithan Alloys to be Modestly Undervalued.

Key valuation signals for NSE:MAITHANALL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,122.18 vs. price of ₹993.95 (11.4% below fair value)
  • GF Score™: 80/100 with 6 warning signs

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


Maithan Alloys Business Description

Other Exchanges 590078:India
Address Village Debipur, P.O. Kalyaneshwari, District Paschim Bardhaman, Burdwan, WB, IND, 713369
Maithan Alloys Ltd is an India-based company engaged in the business of manufacturing and exporting all three bulk Ferroalloys- Ferro Manganese, Silico Manganese, and Ferro Silicon. It is also involved in the generation and supply of Wind Power and has a Captive Power Plant. Geographically the group has a business presence in India and Outside India, of which key revenue is derived from Outside India.
80GF Score

Get the complete analysis for NSE:MAITHANALL

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

₹993.95
Price
₹1,122.18
GF Value