Nippon Life India Asset Management (NSE:NAM-INDIA) Cyclically Adjusted PB Ratio: (As of Aug. 30, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:NAM-INDIA Nippon Life India Asset Management Ltd NSE:NAM-INDIA
93 GF Score
Price ₹1,194.40
GF Value ₹1,052.31
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Nippon Life India Asset Management Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Life India Asset Management  (NSE:NAM-INDIA) 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.


Nippon Life India Asset Management Cyclically Adjusted PB Ratio Related Terms


Nippon Life India Asset Management Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Life India Asset Management'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.

Nippon Life India Asset Management Cyclically Adjusted PB Ratio Chart

Nippon Life India Asset Management 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 0.00 13.50

Nippon Life India Asset Management 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 15.24 0.00 13.50 0.00

NSE:NAM-INDIA vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Nippon Life India Asset Management'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.


Nippon Life India Asset Management Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nippon Life India Asset Management's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Life India Asset Management's Cyclically Adjusted PB Ratio falls into.


NSE:NAM-INDIA
93GF Score
Nippon Life India Asset Management Ltd NSE:NAM-INDIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Life India Asset Management 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.

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

For example, Nippon Life India Asset Management'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.

Nippon Life India Asset Management Quarterly Data

Book Value per Share CPI Adj_Book
201603 28.789 102.518 46.997
201612 0.000 105.196 0.000
201703 32.429 105.196 51.592
201706 26.965 107.109 42.133
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 38.649 109.786 58.916
201806 0.000 111.317 0.000
201809 40.752 115.142 59.233
201812 0.000 115.142 0.000
201903 41.994 118.202 59.458
201906 0.000 120.880 0.000
201909 42.894 123.175 58.280
201912 0.000 126.235 0.000
202003 42.362 124.705 56.851
202006 0.000 127.000 0.000
202009 45.758 130.118 58.854
202012 0.000 130.889 0.000
202103 50.297 131.771 63.881
202106 0.000 134.084 0.000
202109 53.067 135.847 65.376
202112 0.000 138.161 0.000
202203 55.925 138.822 67.421
202206 0.000 142.347 0.000
202209 53.744 144.661 62.176
202212 0.000 145.763 0.000
202303 56.415 146.865 64.287
202306 0.000 150.280 0.000
202309 57.087 151.492 63.066
202312 0.000 152.924 0.000
202403 63.209 153.035 69.125
202406 0.000 155.789 0.000
202409 64.234 157.882 68.089
202412 0.000 158.323 0.000
202503 66.376 157.552 70.507
202506 0.000 159.755 0.000
202509 68.851 162.289 71.001
202512 0.000 163.281 0.000
202603 73.014 164.272 74.385
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 Nippon Life India Asset Management (NSE:NAM-INDIA) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Life India Asset Management stock appears to be overvalued. The current stock price of ₹1,194.40 is trading 13.5% above its estimated GF Value™ of ₹1,052.31. GuruFocus considers Nippon Life India Asset Management to be Modestly Overvalued.

Key valuation signals for NSE:NAM-INDIA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,052.31 vs. price of ₹1,194.40 (13.5% above fair value)
  • GF Score™: 93/100 with 6 warning signs

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


Nippon Life India Asset Management Business Description

Other Exchanges 540767:India
Address Senapati Bapat Marg, 30th Floor, One Lodha Place, Lower Parel, Mumbai, MH, IND, 400013
Nippon Life India Asset Management Ltd principal activity is to act as an investment manager to Nippon India Mutual Fund. The Company is in the business of providing asset management services to the schemes of Nippon India Mutual Fund, funds launched in GIFT city, portfolio management service, and advisory service to the clients/schemes. The primary segment is identified as asset management services. The company's products are Equity Funds, Debt Funds, Index Funds, Hybrid Funds, Gold Funds, Liquid Funds, Retirement Funds, ETF, NFO/FFO, etc.
93GF Score

Get the complete analysis for NSE:NAM-INDIA

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

₹1,194.40
Price
₹1,052.31
GF Value