PIX Transmissions (NSE:PIXTRANS) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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:PIXTRANS PIX Transmissions Ltd NSE:PIXTRANS
85 GF Score
Price ₹1,925.60
GF Value ₹1,558.90
Valuation Modestly Overvalued
! 6 Warning Signs
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What is PIX Transmissions Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PIX Transmissions  (NSE:PIXTRANS) 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.


PIX Transmissions Cyclically Adjusted PB Ratio Related Terms


PIX Transmissions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PIX Transmissions'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.

PIX Transmissions Cyclically Adjusted PB Ratio Chart

PIX Transmissions 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 5.23

PIX Transmissions 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 5.63 0.00 5.23 0.00

NSE:PIXTRANS vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, PIX Transmissions'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.


PIX Transmissions Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:PIXTRANS
85GF Score
PIX Transmissions Ltd NSE:PIXTRANS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PIX Transmissions 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.

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

For example, PIX Transmissions'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

PIX Transmissions Quarterly Data

Book Value per Share CPI Adj_Book
201203 38.913 76.889 84.085
201303 109.836 85.687 212.970
201403 108.726 91.425 197.586
201503 109.772 97.163 187.707
201603 114.268 102.518 185.187
201703 125.152 105.196 197.664
201803 139.041 109.786 210.418
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 156.837 118.202 220.451
201906 0.000 120.880 0.000
201909 122.422 123.175 165.130
201912 0.000 126.235 0.000
202003 173.416 124.705 231.043
202006 0.000 127.000 0.000
202009 192.351 130.118 245.610
202012 0.000 130.889 0.000
202103 219.870 131.771 277.227
202106 0.000 134.084 0.000
202109 244.256 135.847 298.733
202112 0.000 138.161 0.000
202203 267.748 138.822 320.447
202206 0.000 142.347 0.000
202209 285.860 144.661 328.314
202212 0.000 145.763 0.000
202303 306.784 146.865 347.059
202306 0.000 150.280 0.000
202309 325.918 151.492 357.443
202312 0.000 152.924 0.000
202403 361.610 153.035 392.590
202406 0.000 155.789 0.000
202409 404.962 157.882 426.157
202412 0.000 158.323 0.000
202503 437.504 157.552 461.368
202506 0.000 159.755 0.000
202509 468.327 162.289 479.455
202512 0.000 163.281 0.000
202603 511.326 164.272 517.156
202606 0.000 166.145 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 PIX Transmissions (NSE:PIXTRANS) Overvalued in 2026?

Based on GuruFocus' analysis, PIX Transmissions stock appears to be overvalued. The current stock price of ₹1,925.60 is trading 23.5% above its estimated GF Value™ of ₹1,558.90. GuruFocus considers PIX Transmissions to be Modestly Overvalued.

Key valuation signals for NSE:PIXTRANS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,558.90 vs. price of ₹1,925.60 (23.5% above fair value)
  • GF Score™: 85/100 with 6 warning signs

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


PIX Transmissions Business Description

Other Exchanges 500333:India
Address One BKC, Bandra-Kurla Complex, 12th Floor, Unit No. 1208, B Wing, Bandra (East), Mumbai, MH, IND, 400051
PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special applications. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts, and Others. The products of the company are sold both in the domestic and export markets, of which the exports generate maximum revenue.
85GF Score

Get the complete analysis for NSE:PIXTRANS

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

₹1,925.60
Price
₹1,558.90
GF Value