Indiabulls (BOM:533520) Cyclically Adjusted PB Ratio: 0.53 (As of Sep. 22, 2026) — 179% Above Median

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BOM:533520 Indiabulls Ltd BOM:533520
51 GF Score
Price ₹29.05
GF Value ₹5.34
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Indiabulls Cyclically Adjusted PB Ratio?

Indiabulls BOM:533520 +2.60% 51 Cyclically Adjusted PB Ratio is 0.53 as of Sep. 22, 2026, which is 179% above its 10-year median of 0.19. GuruFocus rates BOM:533520 with a GF Score™ of 51/100 and a GF Value™ of ₹5.34 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,300 Real Estate companies, Indiabulls ranks worse than 76923% on this metric.

As of today (2026-09-22), Indiabulls's current share price is ₹29.05. Indiabulls's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₹54.40. Indiabulls's Cyclically Adjusted PB Ratio for today is 0.53.

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

During the past years, Indiabulls's highest Cyclically Adjusted PB Ratio was 0.57. The lowest was 0.08. And the median was 0.19.

BOM:533520's Cyclically Adjusted PB Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.66
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Indiabulls's adjusted book value per share data for the three months ended in Jun. 2026 was ₹0.000. 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 ₹54.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indiabulls  (BOM:533520) 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.


Indiabulls Cyclically Adjusted PB Ratio Related Terms


Indiabulls Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indiabulls'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.

Indiabulls Cyclically Adjusted PB Ratio Chart

Indiabulls 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 0.28 0.08 0.09 0.19 0.17

Indiabulls Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Dec24 Mar25 Jun25 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 0.19 0.22 0.22 0.17 0.51

Indiabulls Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Indiabulls'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.


Indiabulls Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BOM:533520
51GF Score
Indiabulls Ltd BOM:533520
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indiabulls 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.

Indiabulls's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.05/54.402
=0.53

* 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.

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

For example, Indiabulls'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Indiabulls Quarterly Data

Book Value per Share CPI Adj_Book
201512 102.901 0.000
201603 174.839 102.518 285.418
201606 105.961 0.000
201609 172.542 105.961 272.517
201612 105.196 0.000
201703 62.179 105.196 98.921
201706 107.109 0.000
201709 49.683 109.021 76.268
201712 109.404 0.000
201803 88.092 109.786 134.287
201806 111.317 0.000
201809 160.540 115.142 233.343
201812 115.142 0.000
201903 169.442 118.202 239.906
201906 120.880 0.000
201909 56.084 123.175 76.201
201912 126.235 0.000
202003 43.999 124.705 59.048
202006 127.000 0.000
202009 62.494 130.118 80.380
202012 130.889 0.000
202103 57.528 131.771 73.064
202106 134.084 0.000
202109 61.075 135.847 75.242
202112 138.161 0.000
202203 -29.802 138.822 -35.928
202206 142.347 0.000
202209 -12.675 144.661 -14.664
202212 145.763 0.000
202303 -22.602 146.865 -25.756
202306 150.280 0.000
202309 -22.386 151.492 -24.730
202312 152.924 0.000
202403 -23.687 153.035 -25.904
202412 158.323 0.000
202503 11.491 157.552 12.206
202506 159.755 0.000
202512 163.281 0.000
202603 13.917 164.272 14.178
202606 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.

What does a Cyclically Adjusted PB Ratio of 0.53 mean?
Indiabulls (BOM:533520) has a Cyclically Adjusted PB Ratio of 0.53 as of Sep. 22, 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 Indiabulls and its competitors. This is 179% above median its historical median of 0.19. Over the past decade, Indiabulls' Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.57. According to the industry distribution chart, Indiabulls ranks #999999 out of 1300 companies in the Real Estate industry.
Is Indiabulls' Cyclically Adjusted PB Ratio too high?
Indiabulls' current Cyclically Adjusted PB Ratio of 0.53 is 179% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.57. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Indiabulls' value of 0.53 is 19.7% below this industry median. Based on the distribution chart, Indiabulls ranks #999999 out of 1300 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Indiabulls has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indiabulls' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Indiabulls ranks #999999 out of 1300 companies for Cyclically Adjusted PB Ratio. This places Indiabulls in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. Indiabulls' value of 0.53 is 19.7% below this benchmark. Historically, Indiabulls' own Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.57 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.66, Indiabulls has consistently been below 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.66, based on 1,300 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. Indiabulls's current Cyclically Adjusted PB Ratio of 0.53 is 19.7% below 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 Indiabulls and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indiabulls's current Cyclically Adjusted PB Ratio is 0.53, which is 179% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indiabulls stock overvalued right now?
Based on GuruFocus' analysis, Indiabulls (BOM:533520) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.34, compared to a current price of ₹29.05 — trading 444% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.53, which is 179% above median its 10-year median of 0.19 and 19.7% below the Real Estate industry median of 0.66. Indiabulls' overall GF Score™ is 51/100 with 4 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 Indiabulls (BOM:533520), the current Cyclically Adjusted PB Ratio is 0.53 as of Sep. 22, 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 Indiabulls (BOM:533520) Overvalued in 2026?

Based on GuruFocus' analysis, Indiabulls stock appears to be overvalued. The current stock price of ₹29.05 is trading 444% above its estimated GF Value™ of ₹5.34. GuruFocus considers Indiabulls to be Significantly Overvalued.

Key valuation signals for BOM:533520:

  • Cyclically Adjusted PB Ratio: 0.53 (179% above median its 10-year median of 0.19)
  • GF Value™: ₹5.34 vs. price of ₹29.05 (444% above fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 19.7% below the Real Estate median (#999999 of 1300)

No single metric tells the full story. See the BOM:533520 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indiabulls Business Description

Other Exchanges IBULLSLTD:India
Address Senapati Bapat Marg, Tower - 1, 4th Floor, One International Center, Elphinstone West, Mumbai, MH, IND, 400013
Indiabulls Ltd is an Indian holding company that operates a diversified portfolio of businesses. Its interests span real estate development, stock broking, asset reconstruction, digital payments and financial services, and equipment leasing. Through its subsidiaries, the company serves retail and institutional clients, borrowers, and property buyers, primarily in India. Revenue is generated through brokerage and financial service fees, interest and lending income, asset reconstruction activities, leasing rentals, and real estate sales. The company is headquartered in Mumbai and its shares are listed on Indian stock exchanges.
51GF Score

Get the complete analysis for BOM:533520

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

₹29.05
Price
₹5.34
GF Value