TTI Enterprise (BOM:538597) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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
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:538597 TTI Enterprise Ltd BOM:538597
61 GF Score
Price ₹7.32
GF Value ₹8.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is TTI Enterprise Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TTI Enterprise  (BOM:538597) 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.


TTI Enterprise Cyclically Adjusted PB Ratio Related Terms


TTI Enterprise Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TTI Enterprise'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.

TTI Enterprise Cyclically Adjusted PB Ratio Chart

TTI Enterprise 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 1.17 1.19 1.27 0.80 0.62

TTI Enterprise 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 0.88 0.74 0.56 0.62 0.67

BOM:538597 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, TTI Enterprise'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.


TTI Enterprise Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TTI Enterprise's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:538597
61GF Score
TTI Enterprise Ltd BOM:538597
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TTI Enterprise 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.

TTI Enterprise's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, TTI Enterprise's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=10.341/164.2724*164.2724
=10.341

Current CPI (Mar26) = 164.2724.

TTI Enterprise Annual Data

Book Value per Share CPI Adj_Book
201703 10.306 105.196 16.094
201803 10.388 109.786 15.543
201903 10.557 118.202 14.672
202003 10.458 124.705 13.776
202103 10.522 131.771 13.117
202203 10.550 138.822 12.484
202303 10.449 146.865 11.688
202403 10.538 153.035 11.312
202503 10.897 157.552 11.362
202603 10.341 164.272 10.341

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 TTI Enterprise (BOM:538597) Overvalued in 2026?

Based on GuruFocus' analysis, TTI Enterprise stock appears to be undervalued. The current stock price of ₹7.32 is trading 16.8% below its estimated GF Value™ of ₹8.80. GuruFocus considers TTI Enterprise to be Modestly Undervalued.

Key valuation signals for BOM:538597:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹8.80 vs. price of ₹7.32 (16.8% below fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the BOM:538597 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TTI Enterprise Business Description

Address 4 Synagogue Street, Room No-822, 8th Floor, Kolkata, WB, IND, 700001
TTI Enterprise Ltd is an India-based is a non-deposit taking Non-Banking Finance Company. The company is traditionally engaged in the business of investment in shares and securities and providing finance on a short-term and long-term basis.
61GF Score

Get the complete analysis for BOM:538597

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

₹7.32
Price
₹8.80
GF Value