Ajcon Global Services (BOM:511692) Cyclically Adjusted PB Ratio: (As of Sep. 09, 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:511692 Ajcon Global Services Ltd BOM:511692
53 GF Score
Price ₹6.40
GF Value ₹12.70
Valuation Possible Value Trap
! 3 Warning Signs
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What is Ajcon Global Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajcon Global Services  (BOM:511692) 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.


Ajcon Global Services Cyclically Adjusted PB Ratio Related Terms


Ajcon Global Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ajcon Global 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.

Ajcon Global Services Cyclically Adjusted PB Ratio Chart

Ajcon Global 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 1.16 0.70 0.88 1.69 1.34

Ajcon Global 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 2.24 0.00 1.34 0.00

BOM:511692 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Ajcon Global 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.


Ajcon Global Services Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ajcon Global Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:511692
53GF Score
Ajcon Global Services Ltd BOM:511692
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajcon Global 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.

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

For example, Ajcon Global 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.

Ajcon Global Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.917 105.961 4.607
201612 0.000 105.196 0.000
201703 2.974 105.196 4.731
201706 0.000 107.109 0.000
201709 2.998 109.021 4.602
201712 0.000 109.404 0.000
201803 3.083 109.786 4.700
201806 0.000 111.317 0.000
201809 3.117 115.142 4.531
201812 0.000 115.142 0.000
201903 3.086 118.202 4.369
201906 0.000 120.880 0.000
201909 3.023 123.175 4.107
201912 0.000 126.235 0.000
202003 2.833 124.705 3.802
202006 0.000 127.000 0.000
202009 3.025 130.118 3.891
202012 0.000 130.889 0.000
202103 3.088 131.771 3.922
202106 0.000 134.084 0.000
202109 3.299 135.847 4.064
202112 0.000 138.161 0.000
202203 3.445 138.822 4.153
202206 0.000 142.347 0.000
202209 3.551 144.661 4.108
202212 0.000 145.763 0.000
202303 3.547 146.865 4.042
202306 0.000 150.280 0.000
202309 3.688 151.492 4.074
202312 0.000 152.924 0.000
202403 3.752 153.035 4.103
202406 0.000 155.789 0.000
202409 3.925 157.882 4.161
202412 0.000 158.323 0.000
202503 4.110 157.552 4.366
202506 0.000 159.755 0.000
202509 4.188 162.289 4.319
202512 0.000 163.281 0.000
202603 4.147 164.272 4.225
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 Ajcon Global Services (BOM:511692) Overvalued in 2026?

Based on GuruFocus' analysis, Ajcon Global Services stock appears to be undervalued. The current stock price of ₹6.40 is trading 49.6% below its estimated GF Value™ of ₹12.70. GuruFocus considers Ajcon Global Services to be Possible Value Trap.

Key valuation signals for BOM:511692:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹12.70 vs. price of ₹6.40 (49.6% below fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the BOM:511692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ajcon Global Services Business Description

Address Western Express Highway, 408, A-Wing, Express Zone, Cello-Sonal Realty, Near Patels, Goregaon (East), Mumbai, MH, IND, 400063
Ajcon Global Services Ltd is an India based company engaged in the provision of financial services. Its services include equity broking, commodity broking, depository services, commodity broking, corporate advisory services, equity research, loan syndication, turnkey projects, corporate advisory services, investment banking, and merchant banking. The company generates revenue from stock market operations, consultancy and advisory services, and facility fees.
53GF Score

Get the complete analysis for BOM:511692

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

₹6.40
Price
₹12.70
GF Value