RMC Switchgears (NSE:RMC) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:RMC RMC Switchgears Ltd NSE:RMC
60 GF Score
Price ₹267.00
GF Value ₹1,381.60
Valuation Possible Value Trap
! 5 Warning Signs
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What is RMC Switchgears Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


RMC Switchgears  (NSE:RMC) 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.


RMC Switchgears Cyclically Adjusted PB Ratio Related Terms


RMC Switchgears Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RMC Switchgears'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.

RMC Switchgears Cyclically Adjusted PB Ratio Chart

RMC Switchgears 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 1.01 6.10 11.40 16.30 6.26

RMC Switchgears Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 11.40 0.00 16.30 0.00 6.26

NSE:RMC vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, RMC Switchgears'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.


RMC Switchgears Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:RMC
60GF Score
RMC Switchgears Ltd NSE:RMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RMC Switchgears 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.

RMC Switchgears's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, RMC Switchgears's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=123.34/164.2724*164.2724
=123.340

Current CPI (Mar26) = 164.2724.

RMC Switchgears Annual Data

Book Value per Share CPI Adj_Book
201703 18.153 105.196 28.347
201803 25.593 109.786 38.295
201903 29.752 118.202 41.348
202003 30.081 124.705 39.625
202103 30.573 131.771 38.114
202203 31.205 138.822 36.926
202303 44.350 146.865 49.607
202403 58.592 153.035 62.895
202503 101.389 157.552 105.714
202603 123.340 164.272 123.340

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 RMC Switchgears (NSE:RMC) Overvalued in 2026?

Based on GuruFocus' analysis, RMC Switchgears stock appears to be undervalued. The current stock price of ₹267.00 is trading 80.7% below its estimated GF Value™ of ₹1,381.60. GuruFocus considers RMC Switchgears to be Possible Value Trap.

Key valuation signals for NSE:RMC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,381.60 vs. price of ₹267.00 (80.7% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


RMC Switchgears Business Description

Other Exchanges 540358:India
Address B-11 (B&C), Malviya Industrial Area, Jaipur, RJ, IND, 302017
RMC Switchgears Ltd designs and manufactures electronic energy meters, enclosures for energy metering, distribution boxes, panels, sheet moulding compounds, bulk moulding compounds, and solar power equipment, and provides turnkey contracts. The company operates in two segments: primary and secondary. The primary segment is engaged in "Switch Gear Engineering" and "Construction contracts for the power distribution/transmission sector." The secondary segment operates mainly within the geographical limits of India.
60GF Score

Get the complete analysis for NSE:RMC

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

₹267.00
Price
₹1,381.60
GF Value