Maxheights Infrastructure (BOM:534338) Cyclically Adjusted PB Ratio: (As of Sep. 10, 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.
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Charlie Tian
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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:534338 Maxheights Infrastructure Ltd BOM:534338
69 GF Score
Price ₹11.00
GF Value ₹13.69
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Maxheights Infrastructure Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxheights Infrastructure  (BOM:534338) 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.


Maxheights Infrastructure Cyclically Adjusted PB Ratio Related Terms


Maxheights Infrastructure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maxheights Infrastructure'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.

Maxheights Infrastructure Cyclically Adjusted PB Ratio Chart

Maxheights Infrastructure 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 0.70 0.48

Maxheights Infrastructure 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 0.51 0.00 0.48 0.00

BOM:534338 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Maxheights Infrastructure'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.


Maxheights Infrastructure Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BOM:534338
69GF Score
Maxheights Infrastructure Ltd BOM:534338
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxheights Infrastructure 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.

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

For example, Maxheights Infrastructure'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.

Maxheights Infrastructure Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.908 105.961 28.284
201612 0.000 105.196 0.000
201703 18.399 105.196 29.271
201706 0.000 107.109 0.000
201709 18.958 109.021 29.102
201712 0.000 109.404 0.000
201803 19.121 109.786 29.148
201806 0.000 111.317 0.000
201809 20.372 115.142 29.610
201812 0.000 115.142 0.000
201903 19.951 118.202 28.248
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 20.644 124.705 27.705
202006 0.000 127.000 0.000
202009 21.599 130.118 27.781
202012 0.000 130.889 0.000
202103 19.853 131.771 25.215
202106 0.000 134.084 0.000
202109 20.000 135.847 24.639
202112 0.000 138.161 0.000
202203 19.248 138.822 23.205
202206 0.000 142.347 0.000
202209 19.432 144.661 22.481
202212 0.000 145.763 0.000
202303 18.675 146.865 21.281
202306 0.000 150.280 0.000
202309 18.635 151.492 20.587
202312 0.000 152.924 0.000
202403 21.146 153.035 23.125
202406 0.000 155.789 0.000
202409 21.085 157.882 22.350
202412 0.000 158.323 0.000
202503 20.890 157.552 22.190
202506 0.000 159.755 0.000
202509 21.692 162.289 22.369
202512 0.000 163.281 0.000
202603 21.518 164.272 21.922
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 Maxheights Infrastructure (BOM:534338) Overvalued in 2026?

Based on GuruFocus' analysis, Maxheights Infrastructure stock appears to be undervalued. The current stock price of ₹11.00 is trading 19.6% below its estimated GF Value™ of ₹13.69. GuruFocus considers Maxheights Infrastructure to be Modestly Undervalued.

Key valuation signals for BOM:534338:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹13.69 vs. price of ₹11.00 (19.6% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the BOM:534338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxheights Infrastructure Business Description

Address SD-65, Tower Apartment, Pitam Pura, New Delhi, IND, 110 034
Maxheights Infrastructure Ltd is an India based real estate development company. The operations of the group span all aspects of real estate development, from the identification and acquisition of land to planning, execution, construction, and marketing of projects. It operates in three segments: financing of vehicles and other finance, Real Estate business, and dealing in stock and shares. The company is also engaged in the business of leasing, maintenance services and recreational activities which are related to the overall development of real estate business. It generates majority of its revenue from the sale of real estate business.
69GF Score

Get the complete analysis for BOM:534338

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

₹11.00
Price
₹13.69
GF Value