The New India Assurance Co (NSE:NIACL) 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.
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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:NIACL The New India Assurance Co Ltd NSE:NIACL
75 GF Score
Price ₹185.20
GF Value ₹199.68
Valuation Fairly Valued
! 5 Warning Signs
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What is The New India Assurance Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The New India Assurance Co  (NSE:NIACL) 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.


The New India Assurance Co Cyclically Adjusted PB Ratio Related Terms


The New India Assurance Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The New India Assurance Co'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.

The New India Assurance Co Cyclically Adjusted PB Ratio Chart

The New India Assurance Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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The New India Assurance Co 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 0.00 0.00 0.00 0.00

NSE:NIACL vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, The New India Assurance Co'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.


The New India Assurance Co Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, The New India Assurance Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:NIACL
75GF Score
The New India Assurance Co Ltd NSE:NIACL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The New India Assurance Co 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.

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

For example, The New India Assurance Co'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.

The New India Assurance Co Quarterly Data

Book Value per Share CPI Adj_Book
201303 93.961 85.687 183.517
201403 106.719 91.425 195.354
201503 122.785 97.163 211.490
201603 119.092 102.518 194.413
201703 125.512 105.196 199.678
201706 132.035 107.109 206.305
201803 149.517 109.786 227.922
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 146.401 118.202 207.283
201906 0.000 120.880 0.000
201909 143.219 123.175 194.591
201912 0.000 126.235 0.000
202003 130.735 124.705 175.450
202006 0.000 127.000 0.000
202009 140.235 130.118 180.370
202012 0.000 130.889 0.000
202103 155.075 131.771 196.956
202106 0.000 134.084 0.000
202109 214.425 135.847 264.162
202112 0.000 138.161 0.000
202203 156.583 138.822 188.769
202206 0.000 142.347 0.000
202209 159.577 144.661 184.613
202212 0.000 145.763 0.000
202303 156.939 146.865 178.837
202306 167.024 150.280 186.004
202309 164.929 151.492 182.202
202312 0.000 152.924 0.000
202403 171.699 153.035 187.769
202406 0.000 155.789 0.000
202409 185.031 157.882 196.135
202412 0.000 158.323 0.000
202503 175.941 157.552 186.891
202506 0.000 159.755 0.000
202509 174.835 162.289 180.295
202512 0.000 163.281 0.000
202603 173.127 164.272 176.378
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 The New India Assurance Co (NSE:NIACL) Overvalued in 2026?

Based on GuruFocus' analysis, The New India Assurance Co stock appears to be undervalued. The current stock price of ₹185.20 is trading 7.3% below its estimated GF Value™ of ₹199.68. GuruFocus considers The New India Assurance Co to be Fairly Valued.

Key valuation signals for NSE:NIACL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹199.68 vs. price of ₹185.20 (7.3% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


The New India Assurance Co Business Description

Other Exchanges 540769:India
Address 87, M.G. Road, New India Assurance Building, Fort, Mumbai, MH, IND, 400001
The New India Assurance Co Ltd is a general insurance company in India. Its divisions include fire insurance, marine insurance, motor insurance, travel insurance, property insurance, aviation, engineering, accident and health insurance, and other lines of business.
75GF Score

Get the complete analysis for NSE:NIACL

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

₹185.20
Price
₹199.68
GF Value