CCL International (BOM:531900) Cyclically Adjusted Book per Share: ₹28.92 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BOM:531900 CCL International Ltd BOM:531900
67 GF Score
Price ₹23.47
GF Value ₹46.08
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is CCL International Cyclically Adjusted Book per Share?

CCL International BOM:531900 +4.26% 67 Cyclically Adjusted Book per Share is ₹28.92 as of Mar. 2026. GuruFocus rates BOM:531900 with a GF Score™ of 67/100 and a GF Value™ of ₹46.08 (Significantly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

CCL International's adjusted book value per share for the three months ended in Mar. 2026 was ₹25.121. 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 ₹28.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CCL International's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CCL International was 0.20% per year. The lowest was -1.00% per year. And the median was -0.40% per year.

As of today (2026-07-17), CCL International's current stock price is ₹23.47. CCL International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹28.92. CCL International's Cyclically Adjusted PB Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CCL International was 1.16. The lowest was 0.45. And the median was 0.84.


CCL International  (BOM:531900) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

CCL International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.47/28.92
=0.81

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CCL International was 1.16. The lowest was 0.45. And the median was 0.84.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


CCL International Cyclically Adjusted Book per Share Related Terms


CCL International Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CCL International's Cyclically Adjusted Book per Share 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.

CCL International Cyclically Adjusted Book per Share Chart

CCL International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.25 29.80 28.40 28.43 28.92

CCL International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 28.43 0.00 28.94 0.00 28.92

BOM:531900 vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, CCL International'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.


CCL International Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, CCL International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:531900
67GF Score
CCL International Ltd BOM:531900
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL International Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, CCL International'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)
=25.121/164.2724*164.2724
=25.121

Current CPI (Mar. 2026) = 164.2724.

CCL International Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 99.841 0.000
201509 19.337 101.753 31.218
201512 0.000 102.901 0.000
201603 19.950 102.518 31.967
201606 0.000 105.961 0.000
201609 22.914 105.961 35.524
201612 0.000 105.196 0.000
201703 21.094 105.196 32.940
201706 0.000 107.109 0.000
201803 21.458 109.786 32.107
201809 0.000 115.142 0.000
201903 22.577 118.202 31.377
201906 0.000 120.880 0.000
201909 22.509 123.175 30.019
201912 0.000 126.235 0.000
202003 23.668 124.705 31.178
202006 0.000 127.000 0.000
202009 23.507 130.118 29.677
202012 0.000 130.889 0.000
202103 23.917 131.771 29.816
202106 0.000 134.084 0.000
202109 23.309 135.847 28.186
202112 0.000 138.161 0.000
202203 24.213 138.822 28.652
202206 0.000 142.347 0.000
202209 24.229 144.661 27.514
202212 0.000 145.763 0.000
202303 23.489 146.865 26.273
202306 0.000 150.280 0.000
202309 23.547 151.492 25.534
202312 0.000 152.924 0.000
202403 24.253 153.035 26.034
202406 0.000 155.789 0.000
202409 23.728 157.882 24.688
202412 0.000 158.323 0.000
202503 24.626 157.552 25.676
202506 0.000 159.755 0.000
202509 24.628 162.289 24.929
202512 0.000 163.281 0.000
202603 25.121 164.272 25.121

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ₹28.92 mean?
CCL International (BOM:531900) has a Cyclically Adjusted Book per Share of ₹28.92 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on CCL International and its competitors.
Is CCL International's Cyclically Adjusted Book per Share too high?
CCL International's current Cyclically Adjusted Book per Share is ₹28.92. Overall, CCL International has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CCL International's Cyclically Adjusted Book per Share compare to PWR and FIX?
CCL International's Cyclically Adjusted Book per Share of ₹28.92 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on CCL International and its competitors. CCL International's current Cyclically Adjusted Book per Share is ₹28.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL International stock overvalued right now?
Based on GuruFocus' analysis, CCL International (BOM:531900) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹46.08, compared to a current price of ₹23.47 — trading 49.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₹28.92. CCL International's overall GF Score™ is 67/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For CCL International (BOM:531900), the current Cyclically Adjusted Book per Share is ₹28.92 as of Mar. 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 CCL International (BOM:531900) Overvalued in 2026?

Based on GuruFocus' analysis, CCL International stock appears to be undervalued. The current stock price of ₹23.47 is trading 49.1% below its estimated GF Value™ of ₹46.08. GuruFocus considers CCL International to be Significantly Undervalued.

Key valuation signals for BOM:531900:

  • Cyclically Adjusted Book per Share: ₹28.92
  • GF Value™: ₹46.08 vs. price of ₹23.47 (49.1% below fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the BOM:531900 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CCL International Business Description

Address Raj Nagar, C-42, RDC, Opposite Yes Bank, Ghaziabad, UP, IND, 201002
CCL International Ltd is an Indian company. The company is an infrastructure company engaged in executing main civil works, including roads, bridges, and highways in India. The company operates in two segments: Infrastructure and Trading. Substantial revenue for the company is generated from its work-contract operations of the Infrastructure segment.
67GF Score

Get the complete analysis for BOM:531900

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

₹23.47
Price
₹46.08
GF Value