Titagarh Rail Systems (BOM:532966) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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:532966 Titagarh Rail Systems Ltd BOM:532966
86 GF Score
Price ₹897.15
GF Value ₹884.61
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Titagarh Rail Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Titagarh Rail Systems  (BOM:532966) 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.


Titagarh Rail Systems Cyclically Adjusted PB Ratio Related Terms


Titagarh Rail Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Titagarh Rail Systems'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.

Titagarh Rail Systems Cyclically Adjusted PB Ratio Chart

Titagarh Rail Systems 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 2.70 9.21 7.23 4.68

Titagarh Rail Systems 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 7.43 0.00 4.68 0.00

BOM:532966 vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Titagarh Rail Systems'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.


Titagarh Rail Systems Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Titagarh Rail Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Titagarh Rail Systems's Cyclically Adjusted PB Ratio falls into.


BOM:532966
86GF Score
Titagarh Rail Systems Ltd BOM:532966
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Titagarh Rail Systems 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.

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

For example, Titagarh Rail Systems'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.

Titagarh Rail Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.154 105.961 109.223
201612 0.000 105.196 0.000
201703 83.836 105.196 133.375
201706 0.000 107.109 0.000
201709 84.782 109.021 130.148
201712 0.000 109.404 0.000
201803 73.997 109.786 112.800
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 70.647 118.202 100.026
201906 0.000 120.880 0.000
201909 66.006 123.175 89.682
201912 0.000 126.235 0.000
202003 66.313 124.705 88.994
202006 0.000 127.000 0.000
202009 65.342 130.118 84.043
202012 0.000 130.889 0.000
202103 70.405 131.771 89.419
202106 0.000 134.084 0.000
202109 72.496 135.847 89.312
202112 0.000 138.161 0.000
202203 70.429 138.822 84.906
202206 0.000 142.347 0.000
202209 73.836 144.661 85.420
202212 0.000 145.763 0.000
202303 80.584 146.865 91.828
202306 0.000 150.280 0.000
202309 108.878 151.492 120.280
202312 0.000 152.924 0.000
202403 164.719 153.035 180.135
202406 0.000 155.789 0.000
202409 174.819 157.882 185.311
202412 0.000 158.323 0.000
202503 184.370 157.552 195.845
202506 0.000 159.755 0.000
202509 188.480 162.289 194.366
202512 0.000 163.281 0.000
202603 204.850 164.272 208.697
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 Titagarh Rail Systems (BOM:532966) Overvalued in 2026?

Based on GuruFocus' analysis, Titagarh Rail Systems stock appears to be overvalued. The current stock price of ₹897.15 is trading 1.4% above its estimated GF Value™ of ₹884.61. GuruFocus considers Titagarh Rail Systems to be Fairly Valued.

Key valuation signals for BOM:532966:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹884.61 vs. price of ₹897.15 (1.4% above fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the BOM:532966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titagarh Rail Systems Business Description

Other Exchanges TITAGARH:India
Address 756 Anandpur, E. M. Bypass, Titagarh Towers, Kolkata, WB, IND, 700107
Titagarh Rail Systems Ltd manufactures and sells Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipment and Bridges, Ships and others. The segments of the group are Freight Rail Systems and Passenger Rail Systems. The majority of the company's revenue is generated from its Freight Rail Systems segment which consists of the manufacturing of wagons, loco shells, bogies, couplers, its components, designing and construction of warships, passenger vessels, tug, and specialized equipment for Defence, Bridge Girders, etc. Geographically, the company derives its key revenue from India and it also caters to International markets.
86GF Score

Get the complete analysis for BOM:532966

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

₹897.15
Price
₹884.61
GF Value