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Spectrum Electrical IndustriesNSE:SPECTRUM +0.49%86 Cyclically Adjusted PB Ratio is 27.34 as of Aug. 29, 2026, which is 16% above its 10-year median of 23.54. GuruFocus rates NSE:SPECTRUM with a GF Score™ of 86/100 and a GF Value™ of ₹3,043.88 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,102 Industrial Products companies, Spectrum Electrical Industries ranks worse than 98.91% on this metric.
The historical rank and industry rank for Spectrum Electrical Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:SPECTRUM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 14.64 Med: 23.54 Max: 28.71
Current: 27.4
During the past 13 years, Spectrum Electrical Industries's highest Cyclically Adjusted PB Ratio was 28.71. The lowest was 14.64. And the median was 23.54.
NSE:SPECTRUM's Cyclically Adjusted PB Ratio is ranked worse than 98.91% of 2102
companies
in the Industrial Products industry
Industry Median: 2.1
vs NSE:SPECTRUM: 27.40
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Spectrum Electrical Industries's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹155.535. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹77.43 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Spectrum Electrical Industries (NSE:SPECTRUM) 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.
Spectrum Electrical Industries Cyclically Adjusted PB Ratio Related Terms
Spectrum Electrical Industries Cyclically Adjusted PB Ratio Historical Data
* 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.
Spectrum Electrical Industries Cyclically Adjusted PB Ratio Chart
NSE:SPECTRUM vs VRT, BE: Cyclically Adjusted PB Ratio Comparison
For the Electrical Equipment & Parts subindustry, Spectrum Electrical Industries'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.
Spectrum Electrical Industries Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spectrum Electrical Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Spectrum Electrical Industries's Cyclically Adjusted PB Ratio falls into.
Spectrum Electrical Industries 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.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 27.34 mean?
Spectrum Electrical Industries (NSE:SPECTRUM) has a Cyclically Adjusted PB Ratio of 27.34 as of Aug. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Spectrum Electrical Industries and its competitors. This is 16% above median its historical median of 23.54. Over the past decade, Spectrum Electrical Industries' Cyclically Adjusted PB Ratio has ranged from 14.64 to 28.71. According to the industry distribution chart, Spectrum Electrical Industries ranks #2079 out of 2102 companies in the Industrial Products industry, placing it in the top 98.9%.
Is Spectrum Electrical Industries' Cyclically Adjusted PB Ratio too high?
Spectrum Electrical Industries' current Cyclically Adjusted PB Ratio of 27.34 is 16% above median its 10-year median of 23.54. Over the past 10 years, this metric has ranged from a low of 14.64 to a high of 28.71. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Spectrum Electrical Industries' value of 27.34 is 1201.9% above this industry median. Based on the distribution chart, Spectrum Electrical Industries ranks #2079 out of 2102 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Spectrum Electrical Industries has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spectrum Electrical Industries' Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Spectrum Electrical Industries ranks #2079 out of 2102 companies for Cyclically Adjusted PB Ratio. This places Spectrum Electrical Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Spectrum Electrical Industries' value of 27.34 is 1201.9% above this benchmark. Historically, Spectrum Electrical Industries' own Cyclically Adjusted PB Ratio has ranged from 14.64 to 28.71 over the past decade. While the company's 10-year median is 23.54 vs. the industry median of 2.10, Spectrum Electrical Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,102 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spectrum Electrical Industries's current Cyclically Adjusted PB Ratio of 27.34 is 1201.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Spectrum Electrical Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spectrum Electrical Industries's current Cyclically Adjusted PB Ratio is 27.34, which is 16% above median its own 10-year median of 23.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Electrical Industries stock overvalued right now?
Based on GuruFocus' analysis, Spectrum Electrical Industries (NSE:SPECTRUM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3,043.88, compared to a current price of ₹2,116.90 — trading 30.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 27.34, which is 16% above median its 10-year median of 23.54 and 1201.9% above the Industrial Products industry median of 2.10. Spectrum Electrical Industries' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Spectrum Electrical Industries (NSE:SPECTRUM), the current Cyclically Adjusted PB Ratio is 27.34 as of Aug. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spectrum Electrical Industries (NSE:SPECTRUM) Overvalued in 2026?
Based on GuruFocus' analysis, Spectrum Electrical Industries stock appears to be undervalued.
The current stock price of ₹2,116.90 is trading 30.5% below its estimated GF Value™ of ₹3,043.88.
GuruFocus considers Spectrum Electrical Industries to be Significantly Undervalued.
Key valuation signals for NSE:SPECTRUM:
Cyclically Adjusted PB Ratio: 27.34 (16% above median its 10-year median of 23.54)
GF Value™: ₹3,043.88 vs. price of ₹2,116.90 (30.5% below fair value)
Industry Position: 1201.9% above the Industrial Products median (#2079 of 2102)
No single metric tells the full story. See the NSE:SPECTRUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a range of electrical components, including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds and dies, press tools. The company mainly offers its products in the Indian market, and it also exports some of its products.
86GF Score
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