North Eastern Carrying (NSE:NECCLTD) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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:NECCLTD North Eastern Carrying Corp Ltd NSE:NECCLTD
72 GF Score
Price ₹16.27
GF Value ₹19.36
Valuation Modestly Undervalued
! 4 Warning Signs
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What is North Eastern Carrying Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


North Eastern Carrying  (NSE:NECCLTD) 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.


North Eastern Carrying Cyclically Adjusted PB Ratio Related Terms


North Eastern Carrying Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for North Eastern Carrying'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.

North Eastern Carrying Cyclically Adjusted PB Ratio Chart

North Eastern Carrying 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 1.64 0.86 1.13 1.08 0.49

North Eastern Carrying 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 0.95 0.83 0.49 0.00

NSE:NECCLTD vs ODFL, XPO, KNX: Cyclically Adjusted PB Ratio Comparison

For the Trucking subindustry, North Eastern Carrying'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.


North Eastern Carrying Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, North Eastern Carrying's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where North Eastern Carrying's Cyclically Adjusted PB Ratio falls into.


NSE:NECCLTD
72GF Score
North Eastern Carrying Corp Ltd NSE:NECCLTD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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North Eastern Carrying 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.

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

For example, North Eastern Carrying'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.

North Eastern Carrying Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.003 105.961 22.117
201612 0.000 105.196 0.000
201703 14.486 105.196 23.046
201706 0.000 107.109 0.000
201709 14.995 109.021 23.019
201712 0.000 109.404 0.000
201803 15.201 109.786 23.172
201806 0.000 111.317 0.000
201809 15.710 115.142 22.834
201812 0.000 115.142 0.000
201903 16.038 118.202 22.708
201906 0.000 120.880 0.000
201909 16.823 123.175 22.857
201912 0.000 126.235 0.000
202003 17.217 124.705 23.106
202006 0.000 127.000 0.000
202009 16.780 130.118 21.582
202012 0.000 130.889 0.000
202103 17.481 131.771 22.202
202106 0.000 134.084 0.000
202109 17.825 135.847 21.960
202112 0.000 138.161 0.000
202203 18.259 138.822 22.012
202206 0.000 142.347 0.000
202209 18.950 144.661 21.923
202212 0.000 145.763 0.000
202303 19.353 146.865 22.053
202306 0.000 150.280 0.000
202309 15.524 151.492 17.150
202312 0.000 152.924 0.000
202403 20.337 153.035 22.240
202406 0.000 155.789 0.000
202409 21.520 157.882 22.811
202412 0.000 158.323 0.000
202503 21.906 157.552 23.269
202506 0.000 159.755 0.000
202509 22.280 162.289 22.976
202512 22.622 163.281 23.187
202603 22.699 164.272 23.125
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 North Eastern Carrying (NSE:NECCLTD) Overvalued in 2026?

Based on GuruFocus' analysis, North Eastern Carrying stock appears to be undervalued. The current stock price of ₹16.27 is trading 16% below its estimated GF Value™ of ₹19.36. GuruFocus considers North Eastern Carrying to be Modestly Undervalued.

Key valuation signals for NSE:NECCLTD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹19.36 vs. price of ₹16.27 (16% below fair value)
  • GF Score™: 72/100 with 4 warning signs

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


North Eastern Carrying Business Description

Other Exchanges 534615:India
Address Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006
North Eastern Carrying Corp Ltd is engaged in the business of transportation. The Company offers freight management and customized logistics solutions. the company also offers Parcel load movement, Full truckload services, containerized movement of cargo, ODC Movement, Bulk Movement: Storage facility, and other transport-related services. Geographically, the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.
72GF Score

Get the complete analysis for NSE:NECCLTD

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

₹16.27
Price
₹19.36
GF Value