Subros (NSE:SUBROS) Cyclically Adjusted PB Ratio: 5.62 (As of Jul. 29, 2026) — Near Median

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NSE:SUBROS Subros Ltd NSE:SUBROS
87 GF Score
Price ₹777.15
GF Value ₹793.13
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Subros Cyclically Adjusted PB Ratio?

Subros NSE:SUBROS -1.38% 87 Cyclically Adjusted PB Ratio is 5.62 as of Jul. 29, 2026, which is 2% above its 10-year median of 5.49. GuruFocus rates NSE:SUBROS with a GF Score™ of 87/100 and a GF Value™ of ₹793.13 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,026 Vehicles & Parts companies, Subros ranks worse than 89.86% on this metric.

As of today (2026-07-29), Subros's current share price is ₹777.15. Subros's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹138.20. Subros's Cyclically Adjusted PB Ratio for today is 5.62.

The historical rank and industry rank for Subros's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:SUBROS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.53   Med: 5.49   Max: 8.25
Current: 5.68

During the past years, Subros's highest Cyclically Adjusted PB Ratio was 8.25. The lowest was 4.53. And the median was 5.49.

NSE:SUBROS's Cyclically Adjusted PB Ratio is ranked worse than
89.86% of 1026 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs NSE:SUBROS: 5.68

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.

Subros's adjusted book value per share data for the three months ended in Mar. 2026 was ₹190.708. 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 ₹138.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Subros  (NSE:SUBROS) 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.


Subros Cyclically Adjusted PB Ratio Related Terms


Subros Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Subros'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.

Subros Cyclically Adjusted PB Ratio Chart

Subros 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 4.55 4.43 4.60

Subros Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.43 0.00 7.98 0.00 4.60

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

For the Auto Parts subindustry, Subros'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.


Subros Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


NSE:SUBROS
87GF Score
Subros Ltd NSE:SUBROS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subros 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.

Subros's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=777.15/138.20
=5.62

* 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.

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

For example, Subros's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=190.708/164.2724*164.2724
=190.708

Current CPI (Mar. 2026) = 164.2724.

Subros Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 47.671 85.687 91.391
201306 0.000 88.365 0.000
201403 50.302 91.425 90.383
201503 52.825 97.163 89.311
201603 56.729 102.518 90.901
201703 57.924 105.196 90.453
201803 67.420 109.786 100.880
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 104.228 118.202 144.852
201906 0.000 120.880 0.000
201909 110.893 123.175 147.893
201912 0.000 126.235 0.000
202003 115.275 124.705 151.850
202006 0.000 127.000 0.000
202009 113.592 130.118 143.409
202012 0.000 130.889 0.000
202103 121.883 131.771 151.946
202106 0.000 134.084 0.000
202109 122.462 135.847 148.087
202112 0.000 138.161 0.000
202203 126.273 138.822 149.423
202206 0.000 142.347 0.000
202209 128.858 144.661 146.327
202212 0.000 145.763 0.000
202303 132.943 146.865 148.701
202306 0.000 150.280 0.000
202309 137.801 151.492 149.426
202312 0.000 152.924 0.000
202403 146.534 153.035 157.295
202406 0.000 155.789 0.000
202409 155.548 157.882 161.844
202412 0.000 158.323 0.000
202503 167.719 157.552 174.873
202506 0.000 159.755 0.000
202509 177.575 162.289 179.745
202512 0.000 163.281 0.000
202603 190.708 164.272 190.708

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.

What does a Cyclically Adjusted PB Ratio of 5.62 mean?
Subros (NSE:SUBROS) has a Cyclically Adjusted PB Ratio of 5.62 as of Jul. 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 Subros and its competitors. This is near median its historical median of 5.49. Over the past decade, Subros' Cyclically Adjusted PB Ratio has ranged from 4.53 to 8.25. According to the industry distribution chart, Subros ranks #922 out of 1026 companies in the Vehicles & Parts industry, placing it in the top 89.9%.
Is Subros' Cyclically Adjusted PB Ratio too high?
Subros' current Cyclically Adjusted PB Ratio of 5.62 is near median its 10-year median of 5.49. Over the past 10 years, this metric has ranged from a low of 4.53 to a high of 8.25. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. Subros' value of 5.62 is 342.5% above this industry median. Based on the distribution chart, Subros ranks #922 out of 1026 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Subros has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Subros' Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Subros ranks #922 out of 1026 companies for Cyclically Adjusted PB Ratio. This places Subros in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Subros' value of 5.62 is 342.5% above this benchmark. Historically, Subros' own Cyclically Adjusted PB Ratio has ranged from 4.53 to 8.25 over the past decade. While the company's 10-year median is 5.49 vs. the industry median of 1.27, Subros 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 a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,026 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. Subros's current Cyclically Adjusted PB Ratio of 5.62 is 342.5% 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 Subros and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subros's current Cyclically Adjusted PB Ratio is 5.62, which is near median its own 10-year median of 5.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subros stock overvalued right now?
Based on GuruFocus' analysis, Subros (NSE:SUBROS) is currently considered Fairly Valued. The stock's GF Value™ is ₹793.13, compared to a current price of ₹777.15 — trading 2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.62, which is near median its 10-year median of 5.49 and 342.5% above the Vehicles & Parts industry median of 1.27. Subros' overall GF Score™ is 87/100 with 1 warning sign 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 Subros (NSE:SUBROS), the current Cyclically Adjusted PB Ratio is 5.62 as of Jul. 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 Subros (NSE:SUBROS) Overvalued in 2026?

Based on GuruFocus' analysis, Subros stock appears to be undervalued. The current stock price of ₹777.15 is trading 2% below its estimated GF Value™ of ₹793.13. GuruFocus considers Subros to be Fairly Valued.

Key valuation signals for NSE:SUBROS:

  • Cyclically Adjusted PB Ratio: 5.62 (near median its 10-year median of 5.49)
  • GF Value™: ₹793.13 vs. price of ₹777.15 (2% below fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 342.5% above the Vehicles & Parts median (#922 of 1026)

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


Subros Business Description

Other Exchanges 517168:India
Address Barakhamba Lane, LGF, World Trade Centre, New Delhi, IND, 110001
Subros Ltd is the manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso. It majorly manufactures compressors, condensers, heat exchangers and all connecting elements required to complete the air conditioning loop and caters to all segments namely passenger vehicles, buses, trucks, refrigeration transport, off-roaders, and railways.
87GF Score

Get the complete analysis for NSE:SUBROS

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

₹777.15
Price
₹793.13
GF Value