Ramkrishna Forgings (NSE:RKFORGE) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:RKFORGE Ramkrishna Forgings Ltd NSE:RKFORGE
84 GF Score
Price ₹642.25
GF Value ₹822.25
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ramkrishna Forgings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramkrishna Forgings  (NSE:RKFORGE) 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.


Ramkrishna Forgings Cyclically Adjusted PB Ratio Related Terms


Ramkrishna Forgings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ramkrishna Forgings'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.

Ramkrishna Forgings Cyclically Adjusted PB Ratio Chart

Ramkrishna Forgings 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 10.00 5.03

Ramkrishna Forgings 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 6.31 0.00 5.03 0.00

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

For the Metal Fabrication subindustry, Ramkrishna Forgings'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.


Ramkrishna Forgings Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:RKFORGE
84GF Score
Ramkrishna Forgings Ltd NSE:RKFORGE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ramkrishna Forgings 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.

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

For example, Ramkrishna Forgings'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.

Ramkrishna Forgings Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 23.876 85.687 46.295
201403 24.654 91.425 44.803
201503 29.874 97.163 51.084
201603 32.225 102.518 52.225
201703 32.693 105.196 51.635
201803 46.551 109.786 70.448
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 53.514 118.202 75.220
201906 0.000 120.880 0.000
201909 54.161 123.175 73.055
201912 0.000 126.235 0.000
202003 53.897 124.705 71.807
202006 0.000 127.000 0.000
202009 52.437 130.118 66.956
202012 0.000 130.889 0.000
202103 55.529 131.771 70.015
202106 0.000 134.084 0.000
202109 59.598 135.847 72.890
202112 0.000 138.161 0.000
202203 67.611 138.822 80.919
202206 0.000 142.347 0.000
202209 74.300 144.661 85.335
202212 0.000 145.763 0.000
202303 82.790 146.865 93.659
202306 0.000 150.280 0.000
202309 93.992 151.492 103.084
202312 0.000 152.924 0.000
202403 145.821 153.035 158.314
202406 0.000 155.789 0.000
202409 162.750 157.882 171.268
202412 0.000 158.323 0.000
202503 168.006 157.552 177.170
202506 0.000 159.755 0.000
202509 169.658 162.289 173.689
202512 0.000 163.281 0.000
202603 181.340 164.272 183.408
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 Ramkrishna Forgings (NSE:RKFORGE) Overvalued in 2026?

Based on GuruFocus' analysis, Ramkrishna Forgings stock appears to be undervalued. The current stock price of ₹642.25 is trading 21.9% below its estimated GF Value™ of ₹822.25. GuruFocus considers Ramkrishna Forgings to be Modestly Undervalued.

Key valuation signals for NSE:RKFORGE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹822.25 vs. price of ₹642.25 (21.9% below fair value)
  • GF Score™: 84/100 with 6 warning signs

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


Ramkrishna Forgings Business Description

Other Exchanges 532527:India
Address 23, Circus Avenue, 9th Floor, Kolkata, WB, IND, 700 017
Ramkrishna Forgings Ltd is an Indian-based company, that engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. The company's forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and others. Geographically the company caters its services to both domestic and overseas markets.
84GF Score

Get the complete analysis for NSE:RKFORGE

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

₹642.25
Price
₹822.25
GF Value