Saurashtra Cement (NSE:SAURASHCEM) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

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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:SAURASHCEM Saurashtra Cement Ltd NSE:SAURASHCEM
55 GF Score
Price ₹58.25
GF Value ₹91.25
Valuation Possible Value Trap
! 4 Warning Signs
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What is Saurashtra Cement Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Saurashtra Cement  (NSE:SAURASHCEM) 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.


Saurashtra Cement Cyclically Adjusted PB Ratio Related Terms


Saurashtra Cement Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saurashtra Cement'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.

Saurashtra Cement Cyclically Adjusted PB Ratio Chart

Saurashtra Cement 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 0.95 0.53

Saurashtra Cement 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 1.22 0.00 0.53 0.00

NSE:SAURASHCEM vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Saurashtra Cement'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.


Saurashtra Cement Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Saurashtra Cement's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SAURASHCEM
55GF Score
Saurashtra Cement Ltd NSE:SAURASHCEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Saurashtra Cement 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.

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

For example, Saurashtra Cement'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.

Saurashtra Cement Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 28.895 85.687 56.436
201403 32.941 91.425 60.300
201503 46.148 97.163 79.487
201603 49.666 102.518 81.078
201703 52.092 105.196 82.874
201803 60.062 109.786 91.558
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 58.882 118.202 83.369
201906 0.000 120.880 0.000
201909 63.247 123.175 85.933
201912 0.000 126.235 0.000
202003 64.862 124.705 87.046
202006 0.000 127.000 0.000
202009 68.122 130.118 87.618
202012 0.000 130.889 0.000
202103 74.881 131.771 95.104
202106 0.000 134.084 0.000
202109 75.256 135.847 92.712
202112 0.000 138.161 0.000
202203 128.601 138.822 155.036
202206 0.000 142.347 0.000
202209 71.154 144.661 82.318
202212 0.000 145.763 0.000
202303 155.531 146.865 177.233
202306 0.000 150.280 0.000
202309 80.824 151.492 89.288
202312 0.000 152.924 0.000
202403 83.593 153.035 91.417
202406 0.000 155.789 0.000
202409 80.594 157.882 85.431
202412 0.000 158.323 0.000
202503 85.169 157.552 90.470
202506 0.000 159.755 0.000
202509 85.661 162.289 88.336
202512 0.000 163.281 0.000
202603 86.410 164.272 88.033
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 Saurashtra Cement (NSE:SAURASHCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Saurashtra Cement stock appears to be undervalued. The current stock price of ₹58.25 is trading 36.2% below its estimated GF Value™ of ₹91.25. GuruFocus considers Saurashtra Cement to be Possible Value Trap.

Key valuation signals for NSE:SAURASHCEM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹91.25 vs. price of ₹58.25 (36.2% below fair value)
  • GF Score™: 55/100 with 4 warning signs

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


Saurashtra Cement Business Description

Other Exchanges 502175:India
Address Babubhai Chinai Marg, N. K. Mehta International House, Agrima Business Centre, 2nd Floor, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020
Saurashtra Cement Ltd is a cement and clinker manufacturing company based in India. The company manufactures cement under the brand name HATHI. The firm generates maximum revenue from India. Majority of its revenue comes from the sales of the cement product. The Company operates in two reportable segment i.e. manufacture of Cement and Clinker and Paints. The company makes majority of its revenue from Cement and Clinker segment.
55GF Score

Get the complete analysis for NSE:SAURASHCEM

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

₹58.25
Price
₹91.25
GF Value