Manugraph India (NSE:MANUGRAPH) Cyclically Adjusted PB Ratio: (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:MANUGRAPH Manugraph India Ltd NSE:MANUGRAPH
62 GF Score
Price ₹15.49
GF Value ₹25.08
Valuation Possible Value Trap
! 3 Warning Signs
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What is Manugraph India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Manugraph India  (NSE:MANUGRAPH) 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.


Manugraph India Cyclically Adjusted PB Ratio Related Terms


Manugraph India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Manugraph India'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.

Manugraph India Cyclically Adjusted PB Ratio Chart

Manugraph India 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 0.19 0.13

Manugraph India 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 0.29 0.00 0.13 0.00

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

For the Specialty Industrial Machinery subindustry, Manugraph India'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.


Manugraph India Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:MANUGRAPH
62GF Score
Manugraph India Ltd NSE:MANUGRAPH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manugraph India 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.

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

For example, Manugraph India'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.

Manugraph India Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 69.801 85.687 136.330
201403 67.442 91.425 123.456
201503 64.060 97.163 110.340
201603 86.412 102.518 141.064
201703 73.547 105.196 117.007
201803 68.411 109.786 104.285
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 74.404 118.202 105.345
201906 0.000 120.880 0.000
201909 55.624 123.175 75.576
201912 0.000 126.235 0.000
202003 49.975 124.705 67.068
202006 0.000 127.000 0.000
202009 43.377 130.118 55.791
202012 0.000 130.889 0.000
202103 40.450 131.771 51.374
202106 0.000 134.084 0.000
202109 38.063 135.847 46.892
202112 0.000 138.161 0.000
202203 36.135 138.822 43.563
202206 0.000 142.347 0.000
202209 33.178 144.661 38.383
202212 0.000 145.763 0.000
202303 32.597 146.865 37.145
202306 0.000 150.280 0.000
202309 28.647 151.492 31.647
202312 0.000 152.924 0.000
202403 26.208 153.035 28.661
202406 0.000 155.789 0.000
202409 19.338 157.882 20.499
202412 0.000 158.323 0.000
202503 17.516 157.552 18.606
202506 0.000 159.755 0.000
202509 19.437 162.289 20.044
202512 0.000 163.281 0.000
202603 19.082 164.272 19.440
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 Manugraph India (NSE:MANUGRAPH) Overvalued in 2026?

Based on GuruFocus' analysis, Manugraph India stock appears to be undervalued. The current stock price of ₹15.49 is trading 38.2% below its estimated GF Value™ of ₹25.08. GuruFocus considers Manugraph India to be Possible Value Trap.

Key valuation signals for NSE:MANUGRAPH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹25.08 vs. price of ₹15.49 (38.2% below fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Manugraph India Business Description

Other Exchanges 505324:India
Address N.A. Sawant Marg, 2nd Floor, Sidhwa House, Colaba, Mumbai, MH, IND, 400 005
Manugraph India Ltd is engaged in the manufacturing and distribution of web offset presses and printing machinery. The company's product portfolio includes products like SMARTLINE, DREAMLINE, FRONTLINE, HILINE, HILINE EXPRESS, 430 MAX, M360, M360-BK, CITYLINE EXPRESS F-1270, F-233, F-1240, F-222, and F-122. The company has one operating segment, which is the Engineering segment. The majority of its revenue comes from the Indian market, while it has a presence outside India as well.
62GF Score

Get the complete analysis for NSE:MANUGRAPH

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

₹15.49
Price
₹25.08
GF Value