Ashoka Buildcon (BOM:533271) Cyclically Adjusted PB Ratio: 1.79 (As of Jul. 08, 2026) — 32% Below Median


BOM:533271 Ashoka Buildcon Ltd BOM:533271
82 GF Score
Price ₹125.90
GF Value ₹150.51
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Ashoka Buildcon Cyclically Adjusted PB Ratio?

Ashoka Buildcon BOM:533271 -2.14% 82 Cyclically Adjusted PB Ratio is 1.79 as of Jul. 08, 2026, which is 32% below its 10-year median of 2.62. GuruFocus rates BOM:533271 with a GF Score™ of 82/100 and a GF Value™ of ₹150.51 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,357 Construction companies, Ashoka Buildcon ranks worse than 65.14% on this metric.

As of today (2026-07-08), Ashoka Buildcon's current share price is ₹125.90. Ashoka Buildcon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹70.22. Ashoka Buildcon's Cyclically Adjusted PB Ratio for today is 1.79.

The historical rank and industry rank for Ashoka Buildcon's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:533271' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.62   Max: 5.32
Current: 1.88

During the past years, Ashoka Buildcon's highest Cyclically Adjusted PB Ratio was 5.32. The lowest was 1.50. And the median was 2.62.

BOM:533271's Cyclically Adjusted PB Ratio is ranked worse than
65.14% of 1357 companies
in the Construction industry
Industry Median: 1.2 vs BOM:533271: 1.88

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ashoka Buildcon's adjusted book value per share data for the three months ended in Mar. 2026 was ₹234.369. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹70.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ashoka Buildcon  (BOM:533271) 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.


Ashoka Buildcon Cyclically Adjusted PB Ratio Related Terms


Ashoka Buildcon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ashoka Buildcon'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.

Ashoka Buildcon Cyclically Adjusted PB Ratio Chart

Ashoka Buildcon 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 1.90 1.54 2.96 3.33 1.45

Ashoka Buildcon Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.33 0.00 2.97 0.00 1.45

BOM:533271 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ashoka Buildcon'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.


Ashoka Buildcon Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOM:533271
82GF Score
Ashoka Buildcon Ltd BOM:533271
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashoka Buildcon 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.

Ashoka Buildcon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=125.90/70.22
=1.79

* 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.

Ashoka Buildcon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ashoka Buildcon's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=234.369/164.2724*164.2724
=234.369

Current CPI (Mar. 2026) = 164.2724.

Ashoka Buildcon Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 96.780 0.000
201503 59.084 97.163 99.893
201506 0.000 99.841 0.000
201509 67.147 101.753 108.403
201512 0.000 102.901 0.000
201603 25.114 102.518 40.242
201703 16.724 105.196 26.116
201803 11.254 109.786 16.839
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 10.220 118.202 14.203
201906 0.000 120.880 0.000
201909 10.127 123.175 13.506
201912 0.000 126.235 0.000
202003 14.758 124.705 19.441
202006 0.000 127.000 0.000
202009 16.370 130.118 20.667
202012 0.000 130.889 0.000
202103 22.061 131.771 27.502
202106 0.000 134.084 0.000
202109 27.110 135.847 32.783
202112 0.000 138.161 0.000
202203 49.188 138.822 58.206
202206 0.000 142.347 0.000
202209 56.264 144.661 63.892
202212 0.000 145.763 0.000
202303 59.689 146.865 66.764
202306 0.000 150.280 0.000
202309 68.908 151.492 74.721
202312 0.000 152.924 0.000
202403 79.090 153.035 84.898
202406 0.000 155.789 0.000
202409 100.721 157.882 104.798
202412 0.000 158.323 0.000
202503 139.470 157.552 145.419
202506 0.000 159.755 0.000
202509 149.990 162.289 151.823
202512 0.000 163.281 0.000
202603 234.369 164.272 234.369

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.

What does a Cyclically Adjusted PB Ratio of 1.79 mean?
Ashoka Buildcon (BOM:533271) has a Cyclically Adjusted PB Ratio of 1.79 as of Jul. 08, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ashoka Buildcon and its competitors. This is 32% below median its historical median of 2.62. Over the past decade, Ashoka Buildcon's Cyclically Adjusted PB Ratio has ranged from 1.50 to 5.32. According to the industry distribution chart, Ashoka Buildcon ranks #884 out of 1357 companies in the Construction industry, placing it in the top 65.1%.
Is Ashoka Buildcon's Cyclically Adjusted PB Ratio too high?
Ashoka Buildcon's current Cyclically Adjusted PB Ratio of 1.79 is 32% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 5.32. The Construction industry median Cyclically Adjusted PB Ratio is 1.20. Ashoka Buildcon's value of 1.79 is 49.2% above this industry median. Based on the distribution chart, Ashoka Buildcon ranks #884 out of 1357 companies in the Construction industry, which is below the industry midpoint. Overall, Ashoka Buildcon has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Buildcon's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Ashoka Buildcon ranks #884 out of 1357 companies for Cyclically Adjusted PB Ratio. This places Ashoka Buildcon in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Ashoka Buildcon's value of 1.79 is 49.2% above this benchmark. Historically, Ashoka Buildcon's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 5.32 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.20, Ashoka Buildcon has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.20, based on 1,357 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashoka Buildcon's current Cyclically Adjusted PB Ratio of 1.79 is 49.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ashoka Buildcon and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Buildcon's current Cyclically Adjusted PB Ratio is 1.79, which is 32% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Buildcon stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Buildcon (BOM:533271) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹150.51, compared to a current price of ₹125.90 — trading 16.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is 32% below median its 10-year median of 2.62 and 49.2% above the Construction industry median of 1.20. Ashoka Buildcon's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ashoka Buildcon (BOM:533271), the current Cyclically Adjusted PB Ratio is 1.79 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ashoka Buildcon (BOM:533271) Overvalued in 2026?

Based on GuruFocus' analysis, Ashoka Buildcon stock appears to be undervalued. The current stock price of ₹125.90 is trading 16.4% below its estimated GF Value™ of ₹150.51. GuruFocus considers Ashoka Buildcon to be Modestly Undervalued.

Key valuation signals for BOM:533271:

  • Cyclically Adjusted PB Ratio: 1.79 (32% below median its 10-year median of 2.62)
  • GF Value™: ₹150.51 vs. price of ₹125.90 (16.4% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 49.2% above the Construction median (#884 of 1357)

No single metric tells the full story. See the BOM:533271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ashoka Buildcon Business Description

Other Exchanges ASHOKA:India
Address Ashoka Marg, Survey No 861, Ashoka House, Vadala, Nashik, MH, IND, 422011
Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: Construction and Contract Related Activities, which includes engineering, procurement, and construction of infrastructure projects; Build, Operate, and Transfer, which involves annuity-based infrastructure development under BOT and annuity models; and Sale of Goods, which mainly consists of the sale of construction materials, including RMC and real estate. The company operates across India, with the majority of its revenue generated from construction and contract-related activities.
82GF Score

Get the complete analysis for BOM:533271

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

₹125.90
Price
₹150.51
GF Value