Engineers India (BOM:532178) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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:532178 Engineers India Ltd BOM:532178
88 GF Score
Price ₹261.85
GF Value ₹242.21
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Engineers India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Engineers India  (BOM:532178) 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.


Engineers India Cyclically Adjusted PB Ratio Related Terms


Engineers India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Engineers 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.

Engineers India Cyclically Adjusted PB Ratio Chart

Engineers 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 0.00 0.00 0.00 3.26 3.57

Engineers 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 3.83 0.00 3.57 0.00

BOM:532178 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Engineers 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.


Engineers India Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:532178
88GF Score
Engineers India Ltd BOM:532178
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Engineers 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.

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

For example, Engineers 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.

Engineers India Quarterly Data

Book Value per Share CPI Adj_Book
201203 28.170 76.889 61.315
201303 34.060 85.687 66.523
201403 37.422 91.425 68.503
201503 40.192 97.163 69.228
201603 41.876 102.518 68.361
201703 42.216 105.196 67.162
201803 37.050 109.786 56.479
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 37.102 118.202 52.531
201906 0.000 120.880 0.000
201909 39.154 123.175 53.198
201912 0.000 126.235 0.000
202003 38.075 124.705 51.098
202006 0.000 127.000 0.000
202009 38.546 130.118 49.578
202012 0.000 130.889 0.000
202103 31.149 131.771 39.561
202106 0.000 134.084 0.000
202109 30.879 135.847 38.042
202112 0.000 138.161 0.000
202203 31.493 138.822 37.967
202206 0.000 142.347 0.000
202209 32.953 144.661 38.123
202212 0.000 145.763 0.000
202303 34.900 146.865 39.770
202306 0.000 150.280 0.000
202309 38.475 151.492 42.504
202312 0.000 152.924 0.000
202403 40.127 153.035 43.883
202406 0.000 155.789 0.000
202409 42.382 157.882 44.926
202412 0.000 158.323 0.000
202503 47.493 157.552 50.449
202506 0.000 159.755 0.000
202509 48.133 162.289 49.636
202512 0.000 163.281 0.000
202603 55.970 164.272 57.021
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 Engineers India (BOM:532178) Overvalued in 2026?

Based on GuruFocus' analysis, Engineers India stock appears to be overvalued. The current stock price of ₹261.85 is trading 8.1% above its estimated GF Value™ of ₹242.21. GuruFocus considers Engineers India to be Fairly Valued.

Key valuation signals for BOM:532178:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹242.21 vs. price of ₹261.85 (8.1% above fair value)
  • GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the BOM:532178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Engineers India Business Description

Other Exchanges ENGINERSIN:India
Address Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi, IND, 110 066
Engineers India Ltd is engaged in providing design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure and petrochemical industries. It operates into two segments namely Consultancy and engineering projects and Turnkey projects.
88GF Score

Get the complete analysis for BOM:532178

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

₹261.85
Price
₹242.21
GF Value