Garware Offshore Services (BOM:501848) Cyclically Adjusted PB Ratio: (As of Sep. 13, 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.

BOM:501848 Garware Offshore Services Ltd BOM:501848
50 GF Score
Price ₹43.20
GF Value ₹75.06
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Garware Offshore Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Garware Offshore Services  (BOM:501848) 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.


Garware Offshore Services Cyclically Adjusted PB Ratio Related Terms


Garware Offshore Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Garware Offshore Services'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.

Garware Offshore Services Cyclically Adjusted PB Ratio Chart

Garware Offshore Services 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 0.39 0.23 0.87 3.18 7.15

Garware Offshore Services 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 4.57 0.00 7.15 0.00

Garware Offshore Services Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Garware Offshore Services'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.


Garware Offshore Services Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Garware Offshore Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:501848
50GF Score
Garware Offshore Services Ltd BOM:501848
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garware Offshore Services 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.

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

For example, Garware Offshore Services'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.

Garware Offshore Services Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 188.702 102.518 308.049
201606 0.000 105.961 0.000
201609 173.433 105.961 273.924
201612 0.000 105.196 0.000
201703 137.075 105.196 218.074
201803 58.836 109.786 89.689
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 -139.114 118.202 -196.966
201906 0.000 120.880 0.000
201909 -169.923 123.175 -230.874
201912 0.000 126.235 0.000
202003 -167.166 124.705 -224.341
202006 0.000 127.000 0.000
202009 -171.473 130.118 -220.548
202012 0.000 130.889 0.000
202103 -75.659 131.771 -96.092
202106 0.000 134.084 0.000
202109 -90.064 135.847 -110.955
202112 0.000 138.161 0.000
202203 -103.280 138.822 -124.510
202206 0.000 142.347 0.000
202209 -128.586 144.661 -148.760
202212 0.000 145.763 0.000
202303 19.200 146.865 21.879
202306 0.000 150.280 0.000
202309 15.756 151.492 17.406
202312 0.000 152.924 0.000
202403 33.316 153.035 36.434
202406 0.000 155.789 0.000
202409 33.176 157.882 35.167
202412 0.000 158.323 0.000
202503 43.763 157.552 46.487
202506 0.000 159.755 0.000
202509 43.203 162.289 44.552
202512 0.000 163.281 0.000
202603 40.634 164.272 41.397
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 Garware Offshore Services (BOM:501848) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Offshore Services stock appears to be undervalued. The current stock price of ₹43.20 is trading 42.4% below its estimated GF Value™ of ₹75.06. GuruFocus considers Garware Offshore Services to be Possible Value Trap.

Key valuation signals for BOM:501848:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹75.06 vs. price of ₹43.20 (42.4% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the BOM:501848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garware Offshore Services Business Description

Address D.N. Road, 3rd Floor, Prospect Chambers, Fort, Bazargate, Mumbai, MH, IND, 400001
Garware Offshore Services Ltd, formerly known as Global Offshore Services Ltd, is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.
50GF Score

Get the complete analysis for BOM:501848

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

₹43.20
Price
₹75.06
GF Value