Nahar Capital & Financial Services (NSE:NAHARCAP) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:NAHARCAP Nahar Capital & Financial Services Ltd NSE:NAHARCAP
78 GF Score
Price ₹255.09
GF Value ₹328.26
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Nahar Capital & Financial Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nahar Capital & Financial Services  (NSE:NAHARCAP) 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.


Nahar Capital & Financial Services Cyclically Adjusted PB Ratio Related Terms


Nahar Capital & Financial Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nahar Capital & Financial Services'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.

Nahar Capital & Financial Services Cyclically Adjusted PB Ratio Chart

Nahar Capital & Financial Services 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 0.37 0.38 0.29 0.24

Nahar Capital & Financial Services 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 0.35 0.00 0.24 0.00

NSE:NAHARCAP vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Nahar Capital & Financial Services'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.


Nahar Capital & Financial Services Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nahar Capital & Financial Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nahar Capital & Financial Services's Cyclically Adjusted PB Ratio falls into.


NSE:NAHARCAP
78GF Score
Nahar Capital & Financial Services Ltd NSE:NAHARCAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nahar Capital & Financial Services 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.

Nahar Capital & Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nahar Capital & Financial Services'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.

Nahar Capital & Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 96.780 0.000
201503 349.281 97.163 601.616
201506 0.000 99.841 0.000
201509 302.782 101.753 497.996
201512 0.000 102.901 0.000
201603 371.108 102.518 605.820
201606 0.000 105.961 0.000
201703 594.928 105.196 946.477
201803 598.407 109.786 912.206
201812 0.000 115.142 0.000
201903 600.435 118.202 850.130
201906 0.000 120.880 0.000
201909 492.050 123.175 668.546
201912 0.000 126.235 0.000
202003 472.359 124.705 633.917
202006 0.000 127.000 0.000
202009 554.836 130.118 713.629
202012 0.000 130.889 0.000
202103 623.084 131.771 791.358
202106 0.000 134.084 0.000
202109 785.129 135.847 967.243
202112 0.000 138.161 0.000
202203 931.140 138.822 1,122.540
202206 0.000 142.347 0.000
202209 947.307 144.661 1,095.932
202212 0.000 145.763 0.000
202303 912.707 146.865 1,040.061
202306 0.000 150.280 0.000
202309 924.638 151.492 1,021.473
202312 0.000 152.924 0.000
202403 920.717 153.035 1,006.889
202406 0.000 155.789 0.000
202409 976.201 157.882 1,034.786
202412 0.000 158.323 0.000
202503 933.951 157.552 992.078
202506 0.000 159.755 0.000
202509 984.442 162.289 1,015.185
202512 0.000 163.281 0.000
202603 960.076 164.272 978.105
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 Nahar Capital & Financial Services (NSE:NAHARCAP) Overvalued in 2026?

Based on GuruFocus' analysis, Nahar Capital & Financial Services stock appears to be undervalued. The current stock price of ₹255.09 is trading 22.3% below its estimated GF Value™ of ₹328.26. GuruFocus considers Nahar Capital & Financial Services to be Modestly Undervalued.

Key valuation signals for NSE:NAHARCAP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹328.26 vs. price of ₹255.09 (22.3% below fair value)
  • GF Score™: 78/100 with 7 warning signs

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


Nahar Capital & Financial Services Business Description

Other Exchanges 532952:India
Address 375, Industrial Area - A, Nahar Tower, Ludhiana, PB, IND, 141003
Nahar Capital & Financial Services Ltd is a non-deposit non-banking financial service (NBFC) company. It is engaged in investment and financial activities. The company's segment includes Investment/Financial activity and Real estate activity. It generates maximum revenue from the Investment/Financial activity segment, which consists of Long Term investment and Strategic Investments, and Short Term Investment activities. The Company also makes investments in equity and debt securities, both in Primary and Secondary Markets, directly as well as through Mutual Funds, Portfolio Management Services, Alternative Investment Funds, etc.
78GF Score

Get the complete analysis for NSE:NAHARCAP

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

₹255.09
Price
₹328.26
GF Value