ATV Projects India (BOM:500028) Cyclically Adjusted PB Ratio: 0.69 (As of Aug. 13, 2026) — 46% Below Median

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BOM:500028 ATV Projects India Ltd BOM:500028
64 GF Score
Price ₹25.92
GF Value ₹33.79
Valuation Modestly Undervalued
! 5 Warning Signs
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What is ATV Projects India Cyclically Adjusted PB Ratio?

ATV Projects India BOM:500028 -1.93% 64 Cyclically Adjusted PB Ratio is 0.69 as of Aug. 13, 2026, which is 46% below its 10-year median of 1.27. GuruFocus rates BOM:500028 with a GF Score™ of 64/100 and a GF Value™ of ₹33.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,332 Construction companies, ATV Projects India ranks better than 66.22% on this metric.

As of today (2026-08-13), ATV Projects India's current share price is ₹25.92. ATV Projects India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹37.49. ATV Projects India's Cyclically Adjusted PB Ratio for today is 0.69.

The historical rank and industry rank for ATV Projects India's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:500028' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.27   Max: 21.71
Current: 0.75

During the past years, ATV Projects India's highest Cyclically Adjusted PB Ratio was 21.71. The lowest was 0.59. And the median was 1.27.

BOM:500028's Cyclically Adjusted PB Ratio is ranked better than
66.22% of 1332 companies
in the Construction industry
Industry Median: 1.15 vs BOM:500028: 0.75

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.

ATV Projects India's adjusted book value per share data for the three months ended in Mar. 2026 was ₹40.122. 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 ₹37.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ATV Projects India  (BOM:500028) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ATV Projects India Cyclically Adjusted PB Ratio Related Terms


ATV Projects India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ATV Projects India's Cyclically Adjusted PB Ratio 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.

ATV Projects India Cyclically Adjusted PB Ratio Chart

ATV Projects India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.14 0.89 1.13 0.78

ATV Projects India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 1.13 0.00 1.04 0.00 0.78

BOM:500028 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, ATV Projects India'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.


ATV Projects India Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:500028
64GF Score
ATV Projects India Ltd BOM:500028
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ATV Projects India Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ATV Projects India's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.92/37.49
=0.69

* 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.

ATV Projects India's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ATV Projects India'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)
=40.122/164.2724*164.2724
=40.122

Current CPI (Mar. 2026) = 164.2724.

ATV Projects India Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 -26.146 105.961 -40.534
201612 0.000 105.196 0.000
201703 20.651 105.196 32.248
201706 0.000 107.109 0.000
201709 19.979 109.021 30.104
201712 0.000 109.404 0.000
201803 33.641 109.786 50.337
201806 0.000 111.317 0.000
201809 33.770 115.142 48.179
201812 0.000 115.142 0.000
201903 33.820 118.202 47.002
201906 0.000 120.880 0.000
201909 33.989 123.175 45.329
201912 0.000 126.235 0.000
202003 34.282 124.705 45.159
202006 0.000 127.000 0.000
202009 34.914 130.118 44.079
202012 0.000 130.889 0.000
202103 34.530 131.771 43.047
202106 0.000 134.084 0.000
202109 34.864 135.847 42.159
202112 0.000 138.161 0.000
202203 35.211 138.822 41.666
202206 0.000 142.347 0.000
202209 35.734 144.661 40.578
202212 0.000 145.763 0.000
202303 36.166 146.865 40.453
202306 0.000 150.280 0.000
202309 36.866 151.492 39.976
202312 0.000 152.924 0.000
202403 37.382 153.035 40.127
202406 0.000 155.789 0.000
202409 37.977 157.882 39.514
202412 0.000 158.323 0.000
202503 38.775 157.552 40.429
202506 0.000 159.755 0.000
202509 39.431 162.289 39.913
202512 0.000 163.281 0.000
202603 40.122 164.272 40.122

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

What does a Cyclically Adjusted PB Ratio of 0.69 mean?
ATV Projects India (BOM:500028) has a Cyclically Adjusted PB Ratio of 0.69 as of Aug. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ATV Projects India and its competitors. This is 46% below median its historical median of 1.27. Over the past decade, ATV Projects India's Cyclically Adjusted PB Ratio has ranged from 0.59 to 21.71. According to the industry distribution chart, ATV Projects India ranks #450 out of 1332 companies in the Construction industry, placing it in the top 33.8%.
Is ATV Projects India's Cyclically Adjusted PB Ratio too high?
ATV Projects India's current Cyclically Adjusted PB Ratio of 0.69 is 46% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 21.71. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. ATV Projects India's value of 0.69 is 40% below this industry median. Based on the distribution chart, ATV Projects India ranks #450 out of 1332 companies in the Construction industry, which is above the industry midpoint. Overall, ATV Projects India has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ATV Projects India's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, ATV Projects India ranks #450 out of 1332 companies for Cyclically Adjusted PB Ratio. This puts ATV Projects India in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. ATV Projects India's value of 0.69 is 40% below this benchmark. Historically, ATV Projects India's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 21.71 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.15, ATV Projects India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,332 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ATV Projects India's current Cyclically Adjusted PB Ratio of 0.69 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ATV Projects India and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATV Projects India's current Cyclically Adjusted PB Ratio is 0.69, which is 46% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATV Projects India stock overvalued right now?
Based on GuruFocus' analysis, ATV Projects India (BOM:500028) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.79, compared to a current price of ₹25.92 — trading 23.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 46% below median its 10-year median of 1.27 and 40% below the Construction industry median of 1.15. ATV Projects India's overall GF Score™ is 64/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ATV Projects India (BOM:500028), the current Cyclically Adjusted PB Ratio is 0.69 as of Aug. 13, 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 ATV Projects India (BOM:500028) Overvalued in 2026?

Based on GuruFocus' analysis, ATV Projects India stock appears to be undervalued. The current stock price of ₹25.92 is trading 23.3% below its estimated GF Value™ of ₹33.79. GuruFocus considers ATV Projects India to be Modestly Undervalued.

Key valuation signals for BOM:500028:

  • Cyclically Adjusted PB Ratio: 0.69 (46% below median its 10-year median of 1.27)
  • GF Value™: ₹33.79 vs. price of ₹25.92 (23.3% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 40% below the Construction median (#450 of 1332)

No single metric tells the full story. See the BOM:500028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ATV Projects India Business Description

Address Andheri-Kurla Road, Sahar Plaza Complex, J.B. Nagar, 1201, 12th Floor, Wind Fall Building, Andheri (East), Mumbai, MH, IND, 400059
ATV Projects India Ltd is an India based company engaged in the business of manufacturing and trading of Engineering equipment. The company is also engaged in rendering project management and engineering services, project supplies, and for executing jobs for various industries. The products of the company are used in many industries like sugar, chemical and petrochemicals, fertilizers, power, nuclear power, and food and dairy.
64GF Score

Get the complete analysis for BOM:500028

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

₹25.92
Price
₹33.79
GF Value