Sandhar Technologies (NSE:SANDHAR) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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
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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:SANDHAR Sandhar Technologies Ltd NSE:SANDHAR
87 GF Score
Price ₹632.55
GF Value ₹697.13
Valuation Fairly Valued
! 3 Warning Signs
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What is Sandhar Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sandhar Technologies  (NSE:SANDHAR) 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.


Sandhar Technologies Cyclically Adjusted PB Ratio Related Terms


Sandhar Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sandhar Technologies'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.

Sandhar Technologies Cyclically Adjusted PB Ratio Chart

Sandhar Technologies 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 2.89

Sandhar Technologies 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 0.00 0.00 2.89 0.00

NSE:SANDHAR vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Sandhar Technologies'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.


Sandhar Technologies Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sandhar Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SANDHAR
87GF Score
Sandhar Technologies Ltd NSE:SANDHAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sandhar Technologies 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.

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

For example, Sandhar Technologies'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.

Sandhar Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201503 43.062 97.163 74.172
201603 45.460 102.518 74.212
201703 50.063 105.196 79.646
201706 0.000 107.109 0.000
201709 54.946 109.021 84.347
201712 0.000 109.404 0.000
201803 105.372 109.786 160.628
201806 0.000 111.317 0.000
201809 111.516 115.142 162.087
201812 0.000 115.142 0.000
201903 119.552 118.202 169.269
201906 0.000 120.880 0.000
201909 122.255 123.175 166.107
201912 0.000 126.235 0.000
202003 126.672 124.705 169.997
202006 0.000 127.000 0.000
202009 123.846 130.118 159.290
202012 0.000 130.889 0.000
202103 133.637 131.771 169.728
202106 0.000 134.084 0.000
202109 136.315 135.847 167.934
202112 0.000 138.161 0.000
202203 142.703 138.822 172.036
202206 0.000 142.347 0.000
202209 145.193 144.661 167.973
202212 0.000 145.763 0.000
202303 152.922 146.865 174.260
202306 0.000 150.280 0.000
202309 158.689 151.492 175.308
202312 0.000 152.924 0.000
202403 168.894 153.035 184.701
202406 0.000 155.789 0.000
202409 177.423 157.882 188.071
202412 0.000 158.323 0.000
202503 189.281 157.552 201.061
202506 0.000 159.755 0.000
202509 204.282 162.289 210.661
202512 0.000 163.281 0.000
202603 221.483 164.272 225.642
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 Sandhar Technologies (NSE:SANDHAR) Overvalued in 2026?

Based on GuruFocus' analysis, Sandhar Technologies stock appears to be undervalued. The current stock price of ₹632.55 is trading 9.3% below its estimated GF Value™ of ₹697.13. GuruFocus considers Sandhar Technologies to be Fairly Valued.

Key valuation signals for NSE:SANDHAR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹697.13 vs. price of ₹632.55 (9.3% below fair value)
  • GF Score™: 87/100 with 3 warning signs

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


Sandhar Technologies Business Description

Other Exchanges 541163:India
Address Plot Number 13, Sector-44, Gurugram, HR, IND, 122002
Sandhar Technologies Ltd is principally engaged in the manufacturing and assembly of components for the automotive industry. The company's operating segment is identified as Automotive Components. Geographically, the company generates the majority of its revenue from India, and the rest from Overseas countries. The company's products include locking systems, rearview mirrors, door handles, die castings, injection molding, relays, and automotive optoelectronics.
87GF Score

Get the complete analysis for NSE:SANDHAR

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

₹632.55
Price
₹697.13
GF Value