Sandur Manganese And Iron Ores (NSE:SANDUMA) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SANDUMA Sandur Manganese And Iron Ores Ltd NSE:SANDUMA
76 GF Score
Price ₹202.89
GF Value ₹307.15
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Sandur Manganese And Iron Ores Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sandur Manganese And Iron Ores  (NSE:SANDUMA) 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.


Sandur Manganese And Iron Ores Cyclically Adjusted PB Ratio Related Terms


Sandur Manganese And Iron Ores Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sandur Manganese And Iron Ores'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.

Sandur Manganese And Iron Ores Cyclically Adjusted PB Ratio Chart

Sandur Manganese And Iron Ores 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 5.68 5.27

Sandur Manganese And Iron Ores 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 5.70 0.00 5.27 0.00

NSE:SANDUMA vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Sandur Manganese And Iron Ores'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.


Sandur Manganese And Iron Ores Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Sandur Manganese And Iron Ores's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sandur Manganese And Iron Ores's Cyclically Adjusted PB Ratio falls into.


NSE:SANDUMA
76GF Score
Sandur Manganese And Iron Ores Ltd NSE:SANDUMA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sandur Manganese And Iron Ores 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.

Sandur Manganese And Iron Ores's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Sandur Manganese And Iron Ores'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.

Sandur Manganese And Iron Ores Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 6.466 85.687 12.537
201403 7.184 91.425 13.055
201503 7.654 97.163 13.088
201603 7.936 102.518 12.861
201703 9.141 105.196 14.437
201803 11.311 109.786 17.118
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 14.996 118.202 21.078
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 17.385 124.705 23.162
202006 0.000 127.000 0.000
202009 18.684 130.118 23.857
202012 0.000 130.889 0.000
202103 20.561 131.771 25.925
202106 0.000 134.084 0.000
202109 27.211 135.847 33.280
202112 0.000 138.161 0.000
202203 34.352 138.822 41.113
202206 0.000 142.347 0.000
202209 35.356 144.661 40.607
202212 0.000 145.763 0.000
202303 39.779 146.865 45.001
202306 0.000 150.280 0.000
202309 40.838 151.492 44.788
202312 0.000 152.924 0.000
202403 44.399 153.035 48.203
202406 0.000 155.789 0.000
202409 47.690 157.882 50.186
202412 0.000 158.323 0.000
202503 53.747 157.552 56.679
202506 0.000 159.755 0.000
202509 59.693 162.289 61.111
202512 0.000 163.281 0.000
202603 66.934 164.272 67.697
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 Sandur Manganese And Iron Ores (NSE:SANDUMA) Overvalued in 2026?

Based on GuruFocus' analysis, Sandur Manganese And Iron Ores stock appears to be undervalued. The current stock price of ₹202.89 is trading 33.9% below its estimated GF Value™ of ₹307.15. GuruFocus considers Sandur Manganese And Iron Ores to be Significantly Undervalued.

Key valuation signals for NSE:SANDUMA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹307.15 vs. price of ₹202.89 (33.9% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Sandur Manganese And Iron Ores Business Description

Other Exchanges 504918:India
Address Bellary Road, Sandur House, No.9, Sadashivanagar, Bangalore, KA, IND, 560 080
Sandur Manganese And Iron Ores Ltd is a mining company. It is engaged in the mining of manganese and iron ores in Deogiri village of Sandur taluk, Ballari District, Karnataka. The Company is also engaged in the manufacture of ferroalloys, and coke and energy at Vyasanakere, Hosapete. Its operating segment includes Mining and Ferroalloys, and Coke and Energy. The company generates maximum revenue from the Mining segment. Geographically, it derives all of its revenue from within India.
76GF Score

Get the complete analysis for NSE:SANDUMA

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

₹202.89
Price
₹307.15
GF Value