Nirlon (NSE:NIRLON) Cyclically Adjusted Book per Share: ₹0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

NSE:NIRLON Nirlon Ltd NSE:NIRLON
61 GF Score
Price ₹620.00
GF Value ₹505.74
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Nirlon Cyclically Adjusted Book per Share?

Nirlon NSE:NIRLON -0.15% 61 Cyclically Adjusted Book per Share is ₹0.00 as of Mar. 2026. GuruFocus rates NSE:NIRLON with a GF Score™ of 61/100 and a GF Value™ of ₹505.74 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Nirlon's adjusted book value per share for the three months ended in Mar. 2026 was ₹51.999. 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 ₹0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nirlon's average Cyclically Adjusted Book Growth Rate was -8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -16.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -15.90% 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 Nirlon was -3.70% per year. The lowest was -19.20% per year. And the median was -15.40% per year.

As of today (2026-08-10), Nirlon's current stock price is ₹620.00. Nirlon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹0.00. Nirlon's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nirlon was 8.34. The lowest was 1.48. And the median was 3.22.


Nirlon  (NSE:NIRLON) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nirlon was 8.34. The lowest was 1.48. And the median was 3.22.


Be Aware

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


Nirlon Cyclically Adjusted Book per Share Related Terms


Nirlon Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Nirlon'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.

Nirlon Cyclically Adjusted Book per Share Chart

Nirlon 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 0.00

Nirlon 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 0.00

NSE:NIRLON vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, Nirlon'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.


Nirlon Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nirlon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:NIRLON
61GF Score
Nirlon Ltd NSE:NIRLON
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nirlon 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, Nirlon'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)
=51.999/330.2130*330.2130
=51.999

Current CPI (Mar. 2026) = 330.2130.

Nirlon Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 164.710 241.428 225.282
201612 0.000 241.432 0.000
201703 27.672 243.801 37.480
201706 0.000 244.955 0.000
201709 150.285 246.819 201.063
201712 0.000 246.524 0.000
201803 32.947 249.554 43.596
201806 0.000 251.989 0.000
201809 49.156 252.439 64.300
201812 0.000 251.233 0.000
201903 39.111 254.202 50.806
201906 0.000 256.143 0.000
201909 44.071 256.759 56.679
201912 0.000 256.974 0.000
202003 50.355 258.115 64.420
202006 0.000 257.797 0.000
202009 56.916 260.280 72.208
202012 0.000 260.474 0.000
202103 63.742 264.877 79.465
202106 0.000 271.696 0.000
202109 62.433 274.310 75.157
202112 0.000 278.802 0.000
202203 53.039 287.504 60.918
202206 0.000 296.311 0.000
202209 48.105 296.808 53.519
202212 0.000 296.797 0.000
202303 44.586 301.836 48.778
202306 0.000 305.109 0.000
202309 44.934 307.789 48.208
202312 0.000 306.746 0.000
202403 41.396 312.332 43.766
202406 0.000 314.175 0.000
202409 42.193 315.301 44.188
202412 0.000 315.605 0.000
202503 39.607 319.799 40.897
202506 0.000 322.561 0.000
202509 51.474 324.800 52.332
202512 0.000 324.054 0.000
202603 51.999 330.213 51.999

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 ₹0.00 mean?
Nirlon (NSE:NIRLON) has a Cyclically Adjusted Book per Share of ₹0.00 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 Nirlon and its competitors.
Is Nirlon's Cyclically Adjusted Book per Share too high?
Nirlon's current Cyclically Adjusted Book per Share is ₹0.00. Overall, Nirlon has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nirlon's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
Nirlon's Cyclically Adjusted Book per Share of ₹0.00 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Nirlon and its competitors. Nirlon's current Cyclically Adjusted Book per Share is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nirlon stock overvalued right now?
Based on GuruFocus' analysis, Nirlon (NSE:NIRLON) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹505.74, compared to a current price of ₹620.00 — trading 22.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₹0.00. Nirlon's overall GF Score™ is 61/100 with 5 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 Nirlon (NSE:NIRLON), the current Cyclically Adjusted Book per Share is ₹0.00 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 Nirlon (NSE:NIRLON) Overvalued in 2026?

Based on GuruFocus' analysis, Nirlon stock appears to be overvalued. The current stock price of ₹620.00 is trading 22.6% above its estimated GF Value™ of ₹505.74. GuruFocus considers Nirlon to be Modestly Overvalued.

Key valuation signals for NSE:NIRLON:

  • Cyclically Adjusted Book per Share: ₹0.00
  • GF Value™: ₹505.74 vs. price of ₹620.00 (22.6% above fair value)
  • GF Score™: 61/100 with 5 warning signs

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


Nirlon Business Description

Other Exchanges 500307:India
Address Off the Western Express Highway, Pahadi Village, Goregaon (East, Mumbai, MH, IND, 400 063
Nirlon Ltd is an India-based real estate company. It is engaged in developing and managing Information Technology Parks, Industrial Park, and Knowledge Parks. Its projects include Nirlon Knowledge Park. The company generates revenues from Licence fees. Geographically, it operates only in India.
61GF Score

Get the complete analysis for NSE:NIRLON

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

₹620.00
Price
₹505.74
GF Value