Square Four Projects India (BOM:526532) Cyclically Adjusted PB Ratio: (As of Sep. 03, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:526532 Square Four Projects India Ltd BOM:526532
29 GF Score
Price ₹8.74
! 1 Warning Sign
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What is Square Four Projects India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Square Four Projects India  (BOM:526532) 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.


Square Four Projects India Cyclically Adjusted PB Ratio Related Terms


Square Four Projects India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Square Four 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.

Square Four Projects India Cyclically Adjusted PB Ratio Chart

Square Four 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 0.82 0.78 0.68 0.86 0.73

Square Four Projects India 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 0.75 0.00 0.73 0.00

BOM:526532 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Square Four 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.


Square Four Projects India Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Square Four Projects India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:526532
29GF Score
Square Four Projects India Ltd BOM:526532
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Square Four 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.

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

For example, Square Four Projects India'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.

Square Four Projects India Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.000 102.901 0.000
201603 18.342 102.518 29.943
201606 0.000 105.961 0.000
201609 2.644 105.961 4.176
201703 10.045 105.196 15.981
201709 2.656 109.021 4.077
201803 10.051 109.786 15.322
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 9.956 118.202 14.096
201906 0.000 120.880 0.000
201909 9.907 123.175 13.461
201912 0.000 126.235 0.000
202003 9.897 124.705 13.282
202006 0.000 127.000 0.000
202009 9.866 130.118 12.690
202012 0.000 130.889 0.000
202103 10.174 131.771 12.922
202106 0.000 134.084 0.000
202109 10.158 135.847 12.514
202112 0.000 138.161 0.000
202203 10.136 138.822 12.220
202206 0.000 142.347 0.000
202209 10.084 144.661 11.666
202212 0.000 145.763 0.000
202303 10.099 146.865 11.508
202306 0.000 150.280 0.000
202309 10.013 151.492 11.062
202312 0.000 152.924 0.000
202403 10.000 153.035 10.936
202406 0.000 155.789 0.000
202409 10.064 157.882 10.668
202412 0.000 158.323 0.000
202503 9.960 157.552 10.580
202506 0.000 159.755 0.000
202509 9.903 162.289 10.212
202512 0.000 163.281 0.000
202603 9.817 164.272 10.001
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.


Square Four Projects India Business Description

Address A.J.C Bose Road, Suite No. 2B, 238A, 2nd Floor, Square Four Group, Kolkata, WB, IND, 700020
Square Four Projects India Ltd engages in the real estate business activity in India.
29GF Score

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

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