Nelcast (NSE:NELCAST) Cyclically Adjusted PB Ratio: (As of Aug. 30, 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:NELCAST Nelcast Ltd NSE:NELCAST
72 GF Score
Price ₹119.85
GF Value ₹142.27
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nelcast Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nelcast  (NSE:NELCAST) 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.


Nelcast Cyclically Adjusted PB Ratio Related Terms


Nelcast Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nelcast'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.

Nelcast Cyclically Adjusted PB Ratio Chart

Nelcast 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 1.39 1.80

Nelcast 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 2.00 0.00 1.80 0.00

NSE:NELCAST vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Nelcast'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.


Nelcast Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:NELCAST
72GF Score
Nelcast Ltd NSE:NELCAST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nelcast 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.

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

For example, Nelcast'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.

Nelcast Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 28.918 85.687 56.480
201403 30.685 91.425 56.170
201503 32.367 97.163 55.750
201603 35.549 102.518 58.032
201703 38.973 105.196 62.003
201803 42.235 109.786 64.383
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 45.419 118.202 64.307
201906 0.000 120.880 0.000
201909 45.397 123.175 61.681
201912 0.000 126.235 0.000
202003 48.296 124.705 64.814
202006 0.000 127.000 0.000
202009 47.824 130.118 61.511
202012 0.000 130.889 0.000
202103 49.436 131.771 62.787
202106 0.000 134.084 0.000
202109 49.811 135.847 61.365
202112 0.000 138.161 0.000
202203 50.767 138.822 61.202
202206 0.000 142.347 0.000
202209 52.705 144.661 60.974
202212 0.000 145.763 0.000
202303 53.839 146.865 61.351
202306 0.000 150.280 0.000
202309 56.138 151.492 62.017
202312 0.000 152.924 0.000
202403 59.676 153.035 65.261
202406 0.000 155.789 0.000
202409 61.291 157.882 64.969
202412 0.000 158.323 0.000
202503 63.550 157.552 67.505
202506 0.000 159.755 0.000
202509 65.020 162.289 67.050
202512 0.000 163.281 0.000
202603 68.579 164.272 69.867
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 Nelcast (NSE:NELCAST) Overvalued in 2026?

Based on GuruFocus' analysis, Nelcast stock appears to be undervalued. The current stock price of ₹119.85 is trading 15.8% below its estimated GF Value™ of ₹142.27. GuruFocus considers Nelcast to be Modestly Undervalued.

Key valuation signals for NSE:NELCAST:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹142.27 vs. price of ₹119.85 (15.8% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Nelcast Business Description

Other Exchanges 532864:India
Address 159, T.T.K. Road, Alwarpet, Chennai, TN, IND, 600 018
Nelcast Ltd is an Indian company engaged in the business of manufacturing iron castings. Through manufacturing casting components, the company has different types of products that meet the requirements of different kinds of automation used in different industries. It manufactures parts to be used in various applications in an automobile, such as the engine, transmission, suspension, axle, brake, and steering. It also caters to the tractor industry for their requirement of various housing as well as engine, transmission, and axle components. The company caters to the railways and the pipe fitting industries as well. Geographically, the group has a business presence in India and other countries, of which a majority of the revenue is derived from India.
72GF Score

Get the complete analysis for NSE:NELCAST

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

₹119.85
Price
₹142.27
GF Value