Steelcast (NSE:STEELCAS) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:STEELCAS Steelcast Ltd NSE:STEELCAS
83 GF Score
Price ₹331.60
GF Value ₹215.35
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Steelcast Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Steelcast  (NSE:STEELCAS) 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.


Steelcast Cyclically Adjusted PB Ratio Related Terms


Steelcast Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Steelcast'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.

Steelcast Cyclically Adjusted PB Ratio Chart

Steelcast 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 5.48 6.87 8.81 11.56 10.97

Steelcast 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 11.29 0.00 10.97 0.00

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

For the Steel subindustry, Steelcast'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.


Steelcast Cyclically Adjusted PB Ratio vs Steel Industry

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

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


NSE:STEELCAS
83GF Score
Steelcast Ltd NSE:STEELCAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Steelcast 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.

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

For example, Steelcast'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.

Steelcast Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.092 105.961 11.120
201612 0.000 105.196 0.000
201703 7.316 105.196 11.555
201706 0.000 107.109 0.000
201709 7.849 109.021 11.962
201712 0.000 109.404 0.000
201803 9.222 109.786 13.956
201806 0.000 111.317 0.000
201809 10.107 115.142 14.584
201812 0.000 115.142 0.000
201903 11.360 118.202 15.968
201906 0.000 120.880 0.000
201909 11.702 123.175 15.784
201912 0.000 126.235 0.000
202003 11.650 124.705 15.521
202006 0.000 127.000 0.000
202009 11.910 130.118 15.208
202012 0.000 130.889 0.000
202103 12.725 131.771 16.045
202106 0.000 134.084 0.000
202109 13.917 135.847 17.021
202112 0.000 138.161 0.000
202203 15.470 138.822 18.515
202206 0.000 142.347 0.000
202209 18.073 144.661 20.757
202212 0.000 145.763 0.000
202303 21.265 146.865 24.057
202306 0.000 150.280 0.000
202309 23.618 151.492 25.903
202312 0.000 152.924 0.000
202403 26.642 153.035 28.924
202406 0.000 155.789 0.000
202409 28.319 157.882 29.801
202412 0.000 158.323 0.000
202503 32.201 157.552 33.957
202506 0.000 159.755 0.000
202509 35.568 162.289 36.413
202512 0.000 163.281 0.000
202603 39.033 164.272 39.478
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 Steelcast (NSE:STEELCAS) Overvalued in 2026?

Based on GuruFocus' analysis, Steelcast stock appears to be overvalued. The current stock price of ₹331.60 is trading 54% above its estimated GF Value™ of ₹215.35. GuruFocus considers Steelcast to be Significantly Overvalued.

Key valuation signals for NSE:STEELCAS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹215.35 vs. price of ₹331.60 (54% above fair value)
  • GF Score™: 83/100 with 5 warning signs

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


Steelcast Business Description

Other Exchanges 513517:India
Address Ruvapari Road, Bhavnagar, GJ, IND, 364005
Steelcast Ltd is engaged in the steel business sector and has various product lines that include carbon steel, low alloy steel, high alloy steel, and other superior grades of wear and abrasion-resistant steel castings produced by no-bake and shell molding processes with quality control facilities. It operates under a segment that is the Casting Manufacturing business. The company caters to the following industries that are earthmoving equipment, mining equipment, construction equipment, casting for steel plants, casting for cement plants, and railways. In terms of revenue, the company earns the majority of its revenue from Outside India .
83GF Score

Get the complete analysis for NSE:STEELCAS

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

₹331.60
Price
₹215.35
GF Value