Subros (NSE:SUBROS) Cyclically Adjusted Book per Share: ₹138.20 (As of Mar. 2026)


NSE:SUBROS Subros Ltd NSE:SUBROS
86 GF Score
Price ₹843.60
GF Value ₹788.01
Valuation Fairly Valued
! 1 Warning Sign
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What is Subros Cyclically Adjusted Book per Share?

Subros NSE:SUBROS -0.53% 86 Cyclically Adjusted Book per Share is ₹138.20 as of Mar. 2026. GuruFocus rates NSE:SUBROS with a GF Score™ of 86/100 and a GF Value™ of ₹788.01 (Fairly Valued). The stock has 1 warning sign 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.

Subros's adjusted book value per share for the three months ended in Mar. 2026 was ₹190.708. 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 ₹138.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Subros's average Cyclically Adjusted Book Growth Rate was 9.30% 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.

As of today (2026-07-06), Subros's current stock price is ₹843.60. Subros's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹138.20. Subros's Cyclically Adjusted PB Ratio of today is 6.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Subros was 8.25. The lowest was 4.53. And the median was 5.47.


Subros  (NSE:SUBROS) 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.

Subros's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=843.60/138.20
=6.10

* 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 Subros was 8.25. The lowest was 4.53. And the median was 5.47.


Be Aware

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


Subros Cyclically Adjusted Book per Share Related Terms


Subros Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Subros'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.

Subros Cyclically Adjusted Book per Share Chart

Subros 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 0.00 113.23 126.44 138.20

Subros 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 126.44 0.00 135.99 0.00 138.20

NSE:SUBROS vs ORLY, AZO: Cyclically Adjusted Book per Share Comparison

For the Auto Parts subindustry, Subros'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.


Subros Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subros's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SUBROS
86GF Score
Subros Ltd NSE:SUBROS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subros 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, Subros'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)
=190.708/164.2724*164.2724
=190.708

Current CPI (Mar. 2026) = 164.2724.

Subros Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 47.671 85.687 91.391
201306 0.000 88.365 0.000
201403 50.302 91.425 90.383
201503 52.825 97.163 89.311
201603 56.729 102.518 90.901
201703 57.924 105.196 90.453
201803 67.420 109.786 100.880
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 104.228 118.202 144.852
201906 0.000 120.880 0.000
201909 110.893 123.175 147.893
201912 0.000 126.235 0.000
202003 115.275 124.705 151.850
202006 0.000 127.000 0.000
202009 113.592 130.118 143.409
202012 0.000 130.889 0.000
202103 121.883 131.771 151.946
202106 0.000 134.084 0.000
202109 122.462 135.847 148.087
202112 0.000 138.161 0.000
202203 126.273 138.822 149.423
202206 0.000 142.347 0.000
202209 128.858 144.661 146.327
202212 0.000 145.763 0.000
202303 132.943 146.865 148.701
202306 0.000 150.280 0.000
202309 137.801 151.492 149.426
202312 0.000 152.924 0.000
202403 146.534 153.035 157.295
202406 0.000 155.789 0.000
202409 155.548 157.882 161.844
202412 0.000 158.323 0.000
202503 167.719 157.552 174.873
202506 0.000 159.755 0.000
202509 177.575 162.289 179.745
202512 0.000 163.281 0.000
202603 190.708 164.272 190.708

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 ₹138.20 mean?
Subros (NSE:SUBROS) has a Cyclically Adjusted Book per Share of ₹138.20 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 Subros and its competitors.
Is Subros' Cyclically Adjusted Book per Share too high?
Subros' current Cyclically Adjusted Book per Share is ₹138.20. Overall, Subros has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Subros' Cyclically Adjusted Book per Share compare to ORLY and AZO?
Subros' Cyclically Adjusted Book per Share of ₹138.20 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts 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 Subros and its competitors. Subros's current Cyclically Adjusted Book per Share is ₹138.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subros stock overvalued right now?
Based on GuruFocus' analysis, Subros (NSE:SUBROS) is currently considered Fairly Valued. The stock's GF Value™ is ₹788.01, compared to a current price of ₹843.60 — trading 7.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₹138.20. Subros' overall GF Score™ is 86/100 with 1 warning sign 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 Subros (NSE:SUBROS), the current Cyclically Adjusted Book per Share is ₹138.20 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 Subros (NSE:SUBROS) Overvalued in 2026?

Based on GuruFocus' analysis, Subros stock appears to be overvalued. The current stock price of ₹843.60 is trading 7.1% above its estimated GF Value™ of ₹788.01. GuruFocus considers Subros to be Fairly Valued.

Key valuation signals for NSE:SUBROS:

  • Cyclically Adjusted Book per Share: ₹138.20
  • GF Value™: ₹788.01 vs. price of ₹843.60 (7.1% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Subros Business Description

Other Exchanges 517168:India
Address Barakhamba Lane, LGF, World Trade Centre, New Delhi, IND, 110001
Subros Ltd is the manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso. It majorly manufactures compressors, condensers, heat exchangers and all connecting elements required to complete the air conditioning loop and caters to all segments namely passenger vehicles, buses, trucks, refrigeration transport, off-roaders, and railways.
86GF Score

Get the complete analysis for NSE:SUBROS

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

₹843.60
Price
₹788.01
GF Value