Rashtriya Chemicals & Fertilizers (NSE:RCF) Cyclically Adjusted PB Ratio: (As of Sep. 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.
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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:RCF Rashtriya Chemicals & Fertilizers Ltd NSE:RCF
66 GF Score
Price ₹111.45
GF Value ₹389.11
Valuation Possible Value Trap
! 6 Warning Signs
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What is Rashtriya Chemicals & Fertilizers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rashtriya Chemicals & Fertilizers  (NSE:RCF) 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.


Rashtriya Chemicals & Fertilizers Cyclically Adjusted PB Ratio Related Terms


Rashtriya Chemicals & Fertilizers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rashtriya Chemicals & Fertilizers'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.

Rashtriya Chemicals & Fertilizers Cyclically Adjusted PB Ratio Chart

Rashtriya Chemicals & Fertilizers 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 1.57 1.28

Rashtriya Chemicals & Fertilizers 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 1.77 0.00 1.28 0.00

NSE:RCF vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Rashtriya Chemicals & Fertilizers'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.


Rashtriya Chemicals & Fertilizers Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Rashtriya Chemicals & Fertilizers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rashtriya Chemicals & Fertilizers's Cyclically Adjusted PB Ratio falls into.


NSE:RCF
66GF Score
Rashtriya Chemicals & Fertilizers Ltd NSE:RCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rashtriya Chemicals & Fertilizers 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.

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

For example, Rashtriya Chemicals & Fertilizers'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.

Rashtriya Chemicals & Fertilizers Quarterly Data

Book Value per Share CPI Adj_Book
201203 39.326 76.889 85.598
201303 42.519 85.687 83.045
201403 45.135 91.425 82.622
201503 50.102 97.163 86.298
201603 51.059 102.518 83.352
201703 53.020 105.196 84.350
201803 53.105 109.786 80.953
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 54.895 118.202 77.723
201906 0.000 120.880 0.000
201909 53.594 123.175 72.818
201912 0.000 126.235 0.000
202003 57.789 124.705 77.554
202006 0.000 127.000 0.000
202009 59.766 130.118 76.871
202012 0.000 130.889 0.000
202103 60.746 131.771 77.151
202106 0.000 134.084 0.000
202109 66.228 135.847 81.590
202112 0.000 138.161 0.000
202203 70.364 138.822 84.828
202206 0.000 142.347 0.000
202209 80.493 144.661 93.122
202212 0.000 145.763 0.000
202303 83.201 146.865 94.810
202306 0.000 150.280 0.000
202309 85.313 151.492 94.248
202312 0.000 152.924 0.000
202403 83.485 153.035 91.299
202406 0.000 155.789 0.000
202409 83.776 157.882 88.804
202412 0.000 158.323 0.000
202503 86.015 157.552 91.368
202506 0.000 159.755 0.000
202509 89.215 162.289 92.001
202512 0.000 163.281 0.000
202603 92.828 164.272 94.571
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 Rashtriya Chemicals & Fertilizers (NSE:RCF) Overvalued in 2026?

Based on GuruFocus' analysis, Rashtriya Chemicals & Fertilizers stock appears to be undervalued. The current stock price of ₹111.45 is trading 71.4% below its estimated GF Value™ of ₹389.11. GuruFocus considers Rashtriya Chemicals & Fertilizers to be Possible Value Trap.

Key valuation signals for NSE:RCF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹389.11 vs. price of ₹111.45 (71.4% below fair value)
  • GF Score™: 66/100 with 6 warning signs

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


Rashtriya Chemicals & Fertilizers Business Description

Other Exchanges 524230:India
Address Eastern Express Highway, Priyadarshini Building, Sion, Mumbai, MH, IND, 400022
Rashtriya Chemicals & Fertilizers Ltd is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. It is a government-owned company under the Ministry of Chemicals and Fertilizers, India. It operates two manufacturing units in Mumbai and Thal, Maharashtra. It produces fertilizers such as urea, complex fertilizers (NPK), bio-fertilizers, micronutrients, and water-soluble fertilizers, along with a range of industrial chemicals used in various industries. The company distributes its products across India and outside India. The company also offers soil testing and farmer training services. The Company has the following operating segments: Fertilizers, Industrial Chemicals, and Trading. The majority revenue generation segment is Industrial Chemicals.
66GF Score

Get the complete analysis for NSE:RCF

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

₹111.45
Price
₹389.11
GF Value