Tata Elxsi (BOM:500408) Cyclically Adjusted PB Ratio: (As of Sep. 10, 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.
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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.

BOM:500408 Tata Elxsi Ltd BOM:500408
87 GF Score
Price ₹3,387.75
GF Value ₹6,789.18
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Tata Elxsi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Elxsi  (BOM:500408) 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.


Tata Elxsi Cyclically Adjusted PB Ratio Related Terms


Tata Elxsi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tata Elxsi'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.

Tata Elxsi Cyclically Adjusted PB Ratio Chart

Tata Elxsi 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 66.86 37.15 39.19 21.70 13.80

Tata Elxsi Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 19.69 0.00 13.80 0.00

BOM:500408 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Tata Elxsi'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.


Tata Elxsi Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Tata Elxsi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:500408
87GF Score
Tata Elxsi Ltd BOM:500408
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Elxsi 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.

Tata Elxsi's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tata Elxsi's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Tata Elxsi Quarterly Data

Book Value per Share CPI Adj_Book
201609 75.583 105.961 119.377
201612 0.000 105.196 0.000
201703 89.548 105.196 142.463
201706 0.000 107.109 0.000
201709 97.067 109.021 149.006
201712 0.000 109.404 0.000
201803 118.561 109.786 180.733
201806 0.000 111.317 0.000
201809 129.545 115.142 188.292
201812 0.000 115.142 0.000
201903 151.383 118.202 214.337
201906 0.000 120.880 0.000
201909 149.994 123.175 203.796
201912 0.000 126.235 0.000
202003 175.033 124.705 234.899
202006 0.000 127.000 0.000
202009 182.106 130.118 234.224
202012 0.000 130.889 0.000
202103 217.126 131.771 275.764
202106 0.000 134.084 0.000
202109 207.238 135.847 255.308
202112 0.000 138.161 0.000
202203 257.066 138.822 309.907
202206 0.000 142.347 0.000
202209 271.698 144.661 314.325
202212 0.000 145.763 0.000
202303 334.923 146.865 381.656
202306 0.000 150.280 0.000
202309 336.624 151.492 371.878
202312 0.000 152.924 0.000
202403 402.347 153.035 440.003
202406 0.000 155.789 0.000
202409 399.256 157.882 423.217
202412 0.000 158.323 0.000
202503 459.182 157.552 487.760
202506 0.000 159.755 0.000
202509 433.860 162.289 447.409
202512 0.000 163.281 0.000
202603 488.200 164.272 497.368
202606 0.000 167.357 0.000

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.

Is Tata Elxsi (BOM:500408) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Elxsi stock appears to be undervalued. The current stock price of ₹3,387.75 is trading 50.1% below its estimated GF Value™ of ₹6,789.18. GuruFocus considers Tata Elxsi to be Significantly Undervalued.

Key valuation signals for BOM:500408:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹6,789.18 vs. price of ₹3,387.75 (50.1% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the BOM:500408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tata Elxsi Business Description

Other Exchanges TATAELXSI:India
Address ITPB Road, Whitefield, Bengaluru, KA, IND, 560048
Tata Elxsi Ltd provides product design and engineering services to the consumer electronics, communications & transportation industries and systems integration and support services for enterprise customers. The company also provides digital content creation for media and entertainment industry. It operates across two segments to deliver design, engineering and technology solutions across industries: Software Development & Services (SDS) and Systems Integration & Support (SIS). The SDS segment generates maximum revenue for the company and provides end-to-end product engineering and digital services, supporting clients from concept and design to development, validation and deployment. Geographically, the company derives maximum revenue from Europe followed by India, USA, and Other regions.
87GF Score

Get the complete analysis for BOM:500408

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

₹3,387.75
Price
₹6,789.18
GF Value