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Surani Steel TubesNSE:SURANI 52 Cyclically Adjusted PB Ratio is 2.14 as of Sep. 10, 2026, which is 67% below its 10-year median of 6.39. GuruFocus rates NSE:SURANI with a GF Score™ of 52/100 and a GF Value™ of ₹68.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 412 Steel companies, Surani Steel Tubes ranks worse than 84.95% on this metric.
The historical rank and industry rank for Surani Steel Tubes's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:SURANI'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44 Med: 6.39 Max: 35.11
Current: 2.14
During the past 13 years, Surani Steel Tubes's highest Cyclically Adjusted PB Ratio was 35.11. The lowest was 1.44. And the median was 6.39.
NSE:SURANI's Cyclically Adjusted PB Ratio is ranked worse than 84.95% of 412
companies
in the Steel industry
Industry Median: 0.795
vs NSE:SURANI: 2.14
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.
Surani Steel Tubes's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹79.686. 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 ₹44.81 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Surani Steel Tubes (NSE:SURANI) 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.
Surani Steel Tubes Cyclically Adjusted PB Ratio Related Terms
Surani Steel Tubes Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Surani Steel Tubes'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.
Surani Steel Tubes Cyclically Adjusted PB Ratio Chart
NSE:SURANI vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Surani Steel Tubes'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.
Surani Steel Tubes Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Surani Steel Tubes's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Surani Steel Tubes's Cyclically Adjusted PB Ratio falls into.
Surani Steel Tubes 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.
Surani Steel Tubes's Cyclically Adjusted PB Ratio for today is calculated as
* 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 2.14 mean?
Surani Steel Tubes (NSE:SURANI) has a Cyclically Adjusted PB Ratio of 2.14 as of Sep. 10, 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 Surani Steel Tubes and its competitors. This is 67% below median its historical median of 6.39. Over the past decade, Surani Steel Tubes' Cyclically Adjusted PB Ratio has ranged from 1.44 to 35.11. According to the industry distribution chart, Surani Steel Tubes ranks #350 out of 412 companies in the Steel industry, placing it in the top 85%.
Is Surani Steel Tubes' Cyclically Adjusted PB Ratio too high?
Surani Steel Tubes' current Cyclically Adjusted PB Ratio of 2.14 is 67% below median its 10-year median of 6.39. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 35.11. The Steel industry median Cyclically Adjusted PB Ratio is 0.80. Surani Steel Tubes' value of 2.14 is 169.2% above this industry median. Based on the distribution chart, Surani Steel Tubes ranks #350 out of 412 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Surani Steel Tubes has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Surani Steel Tubes ranks #350 out of 412 companies for Cyclically Adjusted PB Ratio. This places Surani Steel Tubes in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.80. Surani Steel Tubes' value of 2.14 is 169.2% above this benchmark. Historically, Surani Steel Tubes' own Cyclically Adjusted PB Ratio has ranged from 1.44 to 35.11 over the past decade. While the company's 10-year median is 6.39 vs. the industry median of 0.80, Surani Steel Tubes 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.80, based on 412 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. Surani Steel Tubes's current Cyclically Adjusted PB Ratio of 2.14 is 169.2% 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 Surani Steel Tubes and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surani Steel Tubes's current Cyclically Adjusted PB Ratio is 2.14, which is 67% below median its own 10-year median of 6.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹68.17, compared to a current price of ₹96.00 — trading 40.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.14, which is 67% below median its 10-year median of 6.39 and 169.2% above the Steel industry median of 0.80. Surani Steel Tubes' overall GF Score™ is 52/100 with 4 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 Surani Steel Tubes (NSE:SURANI), the current Cyclically Adjusted PB Ratio is 2.14 as of Sep. 10, 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 Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?
Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued.
The current stock price of ₹96.00 is trading 40.8% above its estimated GF Value™ of ₹68.17.
GuruFocus considers Surani Steel Tubes to be Significantly Overvalued.
Key valuation signals for NSE:SURANI:
Cyclically Adjusted PB Ratio: 2.14 (67% below median its 10-year median of 6.39)
GF Value™: ₹68.17 vs. price of ₹96.00 (40.8% above fair value)
Industry Position: 169.2% above the Steel median (#350 of 412)
No single metric tells the full story. See the NSE:SURANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
52GF Score
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