RHI Magnesita India (NSE:RHIM) Cyclically Adjusted PB Ratio: 3.89 (As of Jul. 26, 2026) — 64% Below Median

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NSE:RHIM RHI Magnesita India Ltd NSE:RHIM
79 GF Score
Price ₹398.95
GF Value ₹620.75
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is RHI Magnesita India Cyclically Adjusted PB Ratio?

RHI Magnesita India NSE:RHIM +0.85% 79 Cyclically Adjusted PB Ratio is 3.89 as of Jul. 26, 2026, which is 64% below its 10-year median of 10.79. GuruFocus rates NSE:RHIM with a GF Score™ of 79/100 and a GF Value™ of ₹620.75 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,280 Industrial Products companies, RHI Magnesita India ranks worse than 72.37% on this metric.

As of today (2026-07-26), RHI Magnesita India's current share price is ₹398.95. RHI Magnesita India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹102.56. RHI Magnesita India's Cyclically Adjusted PB Ratio for today is 3.89.

The historical rank and industry rank for RHI Magnesita India's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:RHIM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.55   Med: 10.79   Max: 22.38
Current: 3.9

During the past years, RHI Magnesita India's highest Cyclically Adjusted PB Ratio was 22.38. The lowest was 3.55. And the median was 10.79.

NSE:RHIM's Cyclically Adjusted PB Ratio is ranked worse than
72.37% of 2280 companies
in the Industrial Products industry
Industry Median: 2.12 vs NSE:RHIM: 3.90

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

RHI Magnesita India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹172.418. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹102.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RHI Magnesita India  (NSE:RHIM) 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.


RHI Magnesita India Cyclically Adjusted PB Ratio Related Terms


RHI Magnesita India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RHI Magnesita India'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.

RHI Magnesita India Cyclically Adjusted PB Ratio Chart

RHI Magnesita India 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 18.41 13.97 8.56 6.07 3.29

RHI Magnesita India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.07 0.00 4.69 0.00 3.29

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

For the Metal Fabrication subindustry, RHI Magnesita India'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.


RHI Magnesita India Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:RHIM
79GF Score
RHI Magnesita India Ltd NSE:RHIM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RHI Magnesita India 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.

RHI Magnesita India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=398.95/102.56
=3.89

* 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.

RHI Magnesita India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, RHI Magnesita India's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=172.418/164.2724*164.2724
=172.418

Current CPI (Mar. 2026) = 164.2724.

RHI Magnesita India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 19.882 105.961 30.823
201612 0.000 105.196 0.000
201703 22.746 105.196 35.520
201706 0.000 107.109 0.000
201709 23.241 109.021 35.019
201712 0.000 109.404 0.000
201803 26.870 109.786 40.205
201806 0.000 111.317 0.000
201809 27.504 115.142 39.240
201812 0.000 115.142 0.000
201903 31.317 118.202 43.523
201906 0.000 120.880 0.000
201909 32.227 123.175 42.980
201912 0.000 126.235 0.000
202003 58.540 124.705 77.114
202006 0.000 127.000 0.000
202009 35.486 130.118 44.801
202012 0.000 130.889 0.000
202103 67.070 131.771 83.613
202106 0.000 134.084 0.000
202109 52.988 135.847 64.076
202112 0.000 138.161 0.000
202203 63.897 138.822 75.611
202206 0.000 142.347 0.000
202209 71.030 144.661 80.659
202212 0.000 145.763 0.000
202303 153.782 146.865 172.010
202306 0.000 150.280 0.000
202309 196.854 151.492 213.461
202312 0.000 152.924 0.000
202403 186.233 153.035 199.909
202406 0.000 155.789 0.000
202409 189.483 157.882 197.152
202412 0.000 158.323 0.000
202503 193.637 157.552 201.897
202506 0.000 159.755 0.000
202509 194.676 162.289 197.055
202512 0.000 163.281 0.000
202603 172.418 164.272 172.418

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.

What does a Cyclically Adjusted PB Ratio of 3.89 mean?
RHI Magnesita India (NSE:RHIM) has a Cyclically Adjusted PB Ratio of 3.89 as of Jul. 26, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RHI Magnesita India and its competitors. This is 64% below median its historical median of 10.79. Over the past decade, RHI Magnesita India's Cyclically Adjusted PB Ratio has ranged from 3.55 to 22.38. According to the industry distribution chart, RHI Magnesita India ranks #1650 out of 2280 companies in the Industrial Products industry, placing it in the top 72.4%.
Is RHI Magnesita India's Cyclically Adjusted PB Ratio too high?
RHI Magnesita India's current Cyclically Adjusted PB Ratio of 3.89 is 64% below median its 10-year median of 10.79. Over the past 10 years, this metric has ranged from a low of 3.55 to a high of 22.38. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. RHI Magnesita India's value of 3.89 is 83.5% above this industry median. Based on the distribution chart, RHI Magnesita India ranks #1650 out of 2280 companies in the Industrial Products industry, which is below the industry midpoint. Overall, RHI Magnesita India has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RHI Magnesita India's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, RHI Magnesita India ranks #1650 out of 2280 companies for Cyclically Adjusted PB Ratio. This places RHI Magnesita India in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. RHI Magnesita India's value of 3.89 is 83.5% above this benchmark. Historically, RHI Magnesita India's own Cyclically Adjusted PB Ratio has ranged from 3.55 to 22.38 over the past decade. While the company's 10-year median is 10.79 vs. the industry median of 2.12, RHI Magnesita India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,280 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RHI Magnesita India's current Cyclically Adjusted PB Ratio of 3.89 is 83.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RHI Magnesita India and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RHI Magnesita India's current Cyclically Adjusted PB Ratio is 3.89, which is 64% below median its own 10-year median of 10.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RHI Magnesita India stock overvalued right now?
Based on GuruFocus' analysis, RHI Magnesita India (NSE:RHIM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹620.75, compared to a current price of ₹398.95 — trading 35.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.89, which is 64% below median its 10-year median of 10.79 and 83.5% above the Industrial Products industry median of 2.12. RHI Magnesita India's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For RHI Magnesita India (NSE:RHIM), the current Cyclically Adjusted PB Ratio is 3.89 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RHI Magnesita India (NSE:RHIM) Overvalued in 2026?

Based on GuruFocus' analysis, RHI Magnesita India stock appears to be undervalued. The current stock price of ₹398.95 is trading 35.7% below its estimated GF Value™ of ₹620.75. GuruFocus considers RHI Magnesita India to be Significantly Undervalued.

Key valuation signals for NSE:RHIM:

  • Cyclically Adjusted PB Ratio: 3.89 (64% below median its 10-year median of 10.79)
  • GF Value™: ₹620.75 vs. price of ₹398.95 (35.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 83.5% above the Industrial Products median (#1650 of 2280)

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


RHI Magnesita India Business Description

Other Exchanges 534076:India
Address Jacaranda Marg, 19th & 20th Floor, DLF Square, M-Block. Phase II, DLF City, Gurugram, HR, IND, 122002
RHI Magnesita India Ltd is engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, and rendering management services. Its product offerings include isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, basic spray mass for tundish working lining, and castables. The company's products are used in steel, cement and lime, non-ferrous metals, glass, and other industries. It operates in the Indian and international markets, of which a majority of its revenue is generated within India.
79GF Score

Get the complete analysis for NSE:RHIM

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

₹398.95
Price
₹620.75
GF Value