Apollo Micro Systems (NSE:APOLLO) Cyclically Adjusted Book per Share: ₹17.46 (As of Mar. 2026)


NSE:APOLLO Apollo Micro Systems Ltd NSE:APOLLO
78 GF Score
Price ₹408.85
GF Value ₹212.34
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Apollo Micro Systems Cyclically Adjusted Book per Share?

Apollo Micro Systems NSE:APOLLO +2.65% 78 Cyclically Adjusted Book per Share is ₹17.46 as of Mar. 2026. GuruFocus rates NSE:APOLLO with a GF Score™ of 78/100 and a GF Value™ of ₹212.34 (Significantly Overvalued). The stock has 7 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.

Apollo Micro Systems's adjusted book value per share for the three months ended in Mar. 2026 was ₹36.751. 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 ₹17.46 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-12), Apollo Micro Systems's current stock price is ₹408.85. Apollo Micro Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹17.46. Apollo Micro Systems's Cyclically Adjusted PB Ratio of today is 23.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Apollo Micro Systems was 25.77. The lowest was 11.25. And the median was 20.27.


Apollo Micro Systems  (NSE:APOLLO) 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.

Apollo Micro Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=408.85/17.46
=23.42

* 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 Apollo Micro Systems was 25.77. The lowest was 11.25. And the median was 20.27.


Be Aware

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


Apollo Micro Systems Cyclically Adjusted Book per Share Related Terms


Apollo Micro Systems Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Apollo Micro Systems'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.

Apollo Micro Systems Cyclically Adjusted Book per Share Chart

Apollo Micro Systems 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 0.00 0.00 0.00 0.00 17.46

Apollo Micro Systems 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 0.00 0.00 0.00 0.00 17.46

NSE:APOLLO vs SPCX, GE, RTX: Cyclically Adjusted Book per Share Comparison

For the Aerospace & Defense subindustry, Apollo Micro Systems'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.


Apollo Micro Systems Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Apollo Micro Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:APOLLO
78GF Score
Apollo Micro Systems Ltd NSE:APOLLO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Micro Systems 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, Apollo Micro Systems'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)
=36.751/164.2724*164.2724
=36.751

Current CPI (Mar. 2026) = 164.2724.

Apollo Micro Systems Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.324 91.425 2.379
201503 1.676 97.163 2.834
201603 2.216 102.518 3.551
201703 3.064 105.196 4.785
201706 0.000 107.109 0.000
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 12.309 109.786 18.418
201806 0.000 111.317 0.000
201809 12.945 115.142 18.469
201812 0.000 115.142 0.000
201903 13.581 118.202 18.874
201906 0.000 120.880 0.000
201909 13.884 123.175 18.516
201912 0.000 126.235 0.000
202003 14.255 124.705 18.778
202006 0.000 127.000 0.000
202009 14.422 130.118 18.208
202012 0.000 130.889 0.000
202103 14.699 131.771 18.325
202106 0.000 134.084 0.000
202109 14.835 135.847 17.939
202112 0.000 138.161 0.000
202203 15.378 138.822 18.197
202206 0.000 142.347 0.000
202209 15.590 144.661 17.703
202212 0.000 145.763 0.000
202303 18.469 146.865 20.658
202306 0.000 150.280 0.000
202309 18.305 151.492 19.849
202312 0.000 152.924 0.000
202403 18.364 153.035 19.713
202406 0.000 155.789 0.000
202409 18.754 157.882 19.513
202412 0.000 158.323 0.000
202503 19.802 157.552 20.647
202506 0.000 159.755 0.000
202509 32.162 162.289 32.555
202512 0.000 163.281 0.000
202603 36.751 164.272 36.751

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 ₹17.46 mean?
Apollo Micro Systems (NSE:APOLLO) has a Cyclically Adjusted Book per Share of ₹17.46 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 Apollo Micro Systems and its competitors.
Is Apollo Micro Systems' Cyclically Adjusted Book per Share too high?
Apollo Micro Systems' current Cyclically Adjusted Book per Share is ₹17.46. Overall, Apollo Micro Systems has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Micro Systems' Cyclically Adjusted Book per Share compare to SPCX and GE?
Apollo Micro Systems' Cyclically Adjusted Book per Share of ₹17.46 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Cyclically Adjusted Book per Share depends on the Aerospace & Defense 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 Apollo Micro Systems and its competitors. Apollo Micro Systems's current Cyclically Adjusted Book per Share is ₹17.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Micro Systems stock overvalued right now?
Based on GuruFocus' analysis, Apollo Micro Systems (NSE:APOLLO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹212.34, compared to a current price of ₹408.85 — trading 92.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₹17.46. Apollo Micro Systems' overall GF Score™ is 78/100 with 7 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 Apollo Micro Systems (NSE:APOLLO), the current Cyclically Adjusted Book per Share is ₹17.46 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 Apollo Micro Systems (NSE:APOLLO) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Micro Systems stock appears to be overvalued. The current stock price of ₹408.85 is trading 92.5% above its estimated GF Value™ of ₹212.34. GuruFocus considers Apollo Micro Systems to be Significantly Overvalued.

Key valuation signals for NSE:APOLLO:

  • Cyclically Adjusted Book per Share: ₹17.46
  • GF Value™: ₹212.34 vs. price of ₹408.85 (92.5% above fair value)
  • GF Score™: 78/100 with 7 warning signs

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


Apollo Micro Systems Business Description

Other Exchanges 540879:India
Address Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Hyderabad, TG, IND, 500076
Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.
78GF Score

Get the complete analysis for NSE:APOLLO

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

₹408.85
Price
₹212.34
GF Value