NMB Microfinance Bittiyanstha (XNEP:NMBMF) Cyclically Adjusted PB Ratio: (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

XNEP:NMBMF NMB Microfinance Bittiya Sanstha Ltd XNEP:NMBMF
54 GF Score
Price NPR580.00
GF Value NPR2,168.69
Valuation Possible Value Trap
! 2 Warning Signs
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What is NMB Microfinance Bittiyanstha Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NMB Microfinance Bittiyanstha  (XNEP:NMBMF) 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.


NMB Microfinance Bittiyanstha Cyclically Adjusted PB Ratio Related Terms


NMB Microfinance Bittiyanstha Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NMB Microfinance Bittiyanstha'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.

NMB Microfinance Bittiyanstha Cyclically Adjusted PB Ratio Chart

NMB Microfinance Bittiyanstha Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25 Jul26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 5.71 0.00

NMB Microfinance Bittiyanstha Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 5.71 5.07 4.60 3.89 0.00

XNEP:NMBMF vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, NMB Microfinance Bittiyanstha'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.


NMB Microfinance Bittiyanstha Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, NMB Microfinance Bittiyanstha's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XNEP:NMBMF
54GF Score
NMB Microfinance Bittiya Sanstha Ltd XNEP:NMBMF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NMB Microfinance Bittiyanstha 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.

NMB Microfinance Bittiyanstha's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, NMB Microfinance Bittiyanstha's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=572.754/333.9180*333.9180
=572.754

Current CPI (Jul. 2026) = 333.9180.

NMB Microfinance Bittiyanstha Quarterly Data

Book Value per Share CPI Adj_Book
201610 139.568 241.729 192.796
201701 65.716 242.839 90.363
201704 80.751 244.524 110.272
201707 105.340 244.786 143.697
201710 109.636 246.663 148.419
201801 91.298 247.867 122.994
201804 92.709 250.546 123.559
201807 96.508 252.006 127.877
201810 97.885 252.885 129.251
201901 100.513 251.712 133.339
201904 109.422 255.548 142.979
201907 118.815 256.571 154.633
201910 125.979 257.346 163.463
202001 53.577 257.971 69.350
202004 96.819 256.389 126.096
202007 98.147 259.101 126.488
202010 104.917 260.388 134.544
202101 108.552 261.582 138.570
202104 115.490 267.054 144.406
202107 124.483 273.003 152.259
202110 129.937 276.589 156.869
202201 134.357 281.148 159.575
202204 138.771 289.109 160.279
202207 145.356 296.276 163.824
202210 141.133 298.012 158.137
202301 142.867 299.170 159.461
202304 149.767 303.363 164.852
202307 138.180 305.691 150.939
202310 133.110 307.671 144.465
202401 129.960 308.417 140.706
202404 126.208 313.548 134.407
202407 129.514 314.540 137.493
202410 130.254 315.664 137.786
202501 135.822 317.671 142.768
202504 0.000 320.795 0.000
202507 130.888 323.048 135.292
202510 140.017 0.000
202601 562.653 325.252 577.644
202604 569.644 333.020 571.180
202607 572.754 333.918 572.754

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 NMB Microfinance Bittiyanstha (XNEP:NMBMF) Overvalued in 2026?

Based on GuruFocus' analysis, NMB Microfinance Bittiyanstha stock appears to be undervalued. The current stock price of NPR580.00 is trading 73.3% below its estimated GF Value™ of NPR2,168.69. GuruFocus considers NMB Microfinance Bittiyanstha to be Possible Value Trap.

Key valuation signals for XNEP:NMBMF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NPR2,168.69 vs. price of NPR580.00 (73.3% below fair value)
  • GF Score™: 54/100 with 2 warning signs

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


NMB Microfinance Bittiyanstha Business Description

Address Street 3, New Road, Zenex Plaza, Kaski, Pokhara, NPL
NMB Microfinance Bittiya Sanstha Ltd is a Nepal-based financial institution engaged in providing microfinance services to low-income and underserved households across the Hilly, Mountain, and Terai regions of Nepal. The company mainly serves individuals in the informal sector, focusing on financial inclusion and income-generating activities. Its services include micro-lending, savings and deposit products, and microinsurance.
54GF Score

Get the complete analysis for XNEP:NMBMF

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

NPR580.00
Price
NPR2,168.69
GF Value