Conart Engineers (BOM:522231) Cyclically Adjusted PB Ratio: (As of Sep. 14, 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:522231 Conart Engineers Ltd BOM:522231
83 GF Score
Price ₹94.59
GF Value ₹97.28
Valuation Fairly Valued
! 2 Warning Signs
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What is Conart Engineers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Conart Engineers  (BOM:522231) 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.


Conart Engineers Cyclically Adjusted PB Ratio Related Terms


Conart Engineers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Conart Engineers'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.

Conart Engineers Cyclically Adjusted PB Ratio Chart

Conart Engineers 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 0.47 0.51 1.17 1.69 1.38

Conart Engineers 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 2.08 0.00 1.38 0.00

BOM:522231 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Conart Engineers'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.


Conart Engineers Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:522231
83GF Score
Conart Engineers Ltd BOM:522231
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Conart Engineers 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.

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

For example, Conart Engineers'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.

Conart Engineers Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.844 105.961 40.819
201612 0.000 105.196 0.000
201703 26.597 105.196 42.313
201706 0.000 107.109 0.000
201709 27.237 109.021 41.811
201712 0.000 109.404 0.000
201803 28.322 109.786 43.174
201806 0.000 111.317 0.000
201809 29.614 115.142 43.044
201812 0.000 115.142 0.000
201903 31.117 118.202 44.057
201906 0.000 120.880 0.000
201909 32.479 123.175 44.129
201912 0.000 126.235 0.000
202003 32.723 124.705 43.915
202006 0.000 127.000 0.000
202009 33.499 130.118 43.086
202012 0.000 130.889 0.000
202103 34.018 131.771 43.205
202106 0.000 134.084 0.000
202109 35.103 135.847 43.245
202112 0.000 138.161 0.000
202203 36.717 138.822 44.264
202206 0.000 142.347 0.000
202209 38.005 144.661 43.968
202212 0.000 145.763 0.000
202303 40.253 146.865 45.870
202306 0.000 150.280 0.000
202309 41.989 151.492 46.386
202312 0.000 152.924 0.000
202403 46.223 153.035 50.549
202406 0.000 155.789 0.000
202409 48.894 157.882 51.828
202412 0.000 158.323 0.000
202503 51.154 157.552 54.338
202506 0.000 159.755 0.000
202509 53.366 162.289 55.033
202512 0.000 163.281 0.000
202603 55.750 164.272 56.797
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 Conart Engineers (BOM:522231) Overvalued in 2026?

Based on GuruFocus' analysis, Conart Engineers stock appears to be undervalued. The current stock price of ₹94.59 is trading 2.8% below its estimated GF Value™ of ₹97.28. GuruFocus considers Conart Engineers to be Fairly Valued.

Key valuation signals for BOM:522231:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹97.28 vs. price of ₹94.59 (2.8% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the BOM:522231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Conart Engineers Business Description

Address 3rd Road Old Khar, 17, Ground Floor, Jay Bharat Society, Near Solanki Palace, Khar (West), Mumbai, MH, IND, 400052
Conart Engineers Ltd is a building and civil construction firm in India. It is engaged in providing general contracting and project management services for industrial, commercial, and residential construction projects. It provides services to sectors like Heavy Machinery, Pharmaceuticals, Chemicals, Textiles, and Education. Services such as General Contracting, Design Built, and Turnkey Services include cost monitoring and control, schedule development and control, safety assurance, project accounting, change management, quality control, field engineering and site management, and subcontractor management.
83GF Score

Get the complete analysis for BOM:522231

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

₹94.59
Price
₹97.28
GF Value