Thakkers Developers (NSE:THAKDEV) 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:THAKDEV Thakkers Developers Ltd NSE:THAKDEV
53 GF Score
Price ₹150.00
GF Value ₹156.84
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Thakkers Developers Cyclically Adjusted Book per Share?

Thakkers Developers NSE:THAKDEV 53 Cyclically Adjusted Book per Share is ₹0.00 as of Mar. 2026. GuruFocus rates NSE:THAKDEV with a GF Score™ of 53/100 and a GF Value™ of ₹156.84 (Fairly Valued). 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.

Thakkers Developers's adjusted book value per share for the three months ended in Mar. 2026 was ₹173.534. 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, Thakkers Developers's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 Thakkers Developers was 12.40% per year. The lowest was 9.00% per year. And the median was 10.40% per year.

As of today (2026-08-20), Thakkers Developers's current stock price is ₹150.00. Thakkers Developers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹0.00. Thakkers Developers's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thakkers Developers was 2.07. The lowest was 0.60. And the median was 1.21.


Thakkers Developers  (NSE:THAKDEV) 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 Thakkers Developers was 2.07. The lowest was 0.60. And the median was 1.21.


Be Aware

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


Thakkers Developers Cyclically Adjusted Book per Share Related Terms


Thakkers Developers Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Thakkers Developers'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.

Thakkers Developers Cyclically Adjusted Book per Share Chart

Thakkers Developers 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

Thakkers Developers 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:THAKDEV vs : Cyclically Adjusted Book per Share Comparison

For the Real Estate - Development subindustry, Thakkers Developers'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.


Thakkers Developers Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


NSE:THAKDEV
53GF Score
Thakkers Developers Ltd NSE:THAKDEV
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thakkers Developers 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, Thakkers Developers'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)
=173.534/330.2130*330.2130
=173.534

Current CPI (Mar. 2026) = 330.2130.

Thakkers Developers Quarterly Data

Book Value per Share CPI Adj_Book
201606 72.192 241.018 98.909
201609 74.398 241.428 101.758
201612 79.262 241.432 108.409
201703 81.909 243.801 110.941
201706 82.087 244.955 110.658
201709 79.946 246.819 106.958
201712 78.691 246.524 105.405
201803 83.877 249.554 110.987
201806 81.388 251.989 106.653
201809 86.043 252.439 112.552
201812 84.838 251.233 111.508
201903 85.122 254.202 110.575
201906 83.554 256.143 107.716
201909 82.111 256.759 105.601
201912 85.487 256.974 109.851
202003 100.714 258.115 128.846
202006 88.428 257.797 113.268
202009 93.060 260.280 118.064
202012 99.939 260.474 126.697
202103 106.136 264.877 132.316
202106 107.261 271.696 130.363
202109 135.203 274.310 162.757
202112 135.251 278.802 160.191
202203 143.542 287.504 164.865
202206 148.371 296.311 165.347
202209 155.631 296.808 173.147
202212 156.791 296.797 174.444
202303 161.317 301.836 176.483
202306 161.162 305.109 174.422
202309 171.099 307.789 183.564
202312 163.209 306.746 175.695
202403 159.482 312.332 168.612
202406 160.461 314.175 168.652
202409 163.572 315.301 171.308
202412 164.058 315.605 171.652
202503 167.715 319.799 173.177
202506 169.942 322.561 173.973
202509 169.524 324.800 172.349
202512 175.923 324.054 179.267
202603 173.534 330.213 173.534

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?
Thakkers Developers (NSE:THAKDEV) 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 Thakkers Developers and its competitors.
Is Thakkers Developers' Cyclically Adjusted Book per Share too high?
Thakkers Developers' current Cyclically Adjusted Book per Share is ₹0.00. Overall, Thakkers Developers has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thakkers Developers' Cyclically Adjusted Book per Share compare to ?
Thakkers Developers' 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 Thakkers Developers and its competitors. Thakkers Developers'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 Thakkers Developers stock overvalued right now?
Based on GuruFocus' analysis, Thakkers Developers (NSE:THAKDEV) is currently considered Fairly Valued. The stock's GF Value™ is ₹156.84, compared to a current price of ₹150.00 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₹0.00. Thakkers Developers' overall GF Score™ is 53/100 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 Thakkers Developers (NSE:THAKDEV), 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 Thakkers Developers (NSE:THAKDEV) Overvalued in 2026?

Based on GuruFocus' analysis, Thakkers Developers stock appears to be undervalued. The current stock price of ₹150.00 is trading 4.4% below its estimated GF Value™ of ₹156.84. GuruFocus considers Thakkers Developers to be Fairly Valued.

Key valuation signals for NSE:THAKDEV:

  • Cyclically Adjusted Book per Share: ₹0.00
  • GF Value™: ₹156.84 vs. price of ₹150.00 (4.4% below fair value)
  • GF Score™: 53/100 with 5 warning signs

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


Thakkers Developers Business Description

Comparable Companies
Other Exchanges 526654:India
Address Modi Street, 37/39, Kantol Niwas, Fort, Mumbai, MH, IND, 400 001
Thakkers Developers Ltd is an India-based company engaged in construction and real estate development activities. Its segments include Construction and Contract Related Activity and Estate Dealing and Development Activity. It has plots under divisions including industrial, commercial, residential, and agricultural. Richmond Heights, Indigo Park, Purab Pashchim Plaza, and Thakkers Majesty are a few of the company's projects. It generates key revenue from the Construction and Contract Related Activity.
53GF Score

Get the complete analysis for NSE:THAKDEV

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

₹150.00
Price
₹156.84
GF Value