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Waaree TechnologiesBOM:539337 +1.13%49 Cyclically Adjusted PB Ratio is 22.58 as of Aug. 31, 2026, which is 17% below its 10-year median of 27.10. GuruFocus rates BOM:539337 with a GF Score™ of 49/100 and a GF Value™ of ₹180.58 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 724 Semiconductors companies, Waaree Technologies ranks worse than 94.61% on this metric.
The historical rank and industry rank for Waaree Technologies's Cyclically Adjusted PB Ratio or its related term are showing as below:
BOM:539337'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.6 Med: 27.1 Max: 169.26
Current: 22.58
During the past 12 years, Waaree Technologies's highest Cyclically Adjusted PB Ratio was 169.26. The lowest was 12.60. And the median was 27.10.
BOM:539337's Cyclically Adjusted PB Ratio is ranked worse than 94.61% of 724
companies
in the Semiconductors industry
Industry Median: 3.185
vs BOM:539337: 22.58
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.
Waaree Technologies's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹-5.654. 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 ₹9.53 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Waaree Technologies (BOM:539337) 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.
Waaree Technologies Cyclically Adjusted PB Ratio Related Terms
Waaree Technologies Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Waaree Technologies'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.
Waaree Technologies Cyclically Adjusted PB Ratio Chart
BOM:539337 vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison
For the Solar subindustry, Waaree Technologies'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.
Waaree Technologies Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Waaree Technologies's Cyclically Adjusted PB Ratio falls into.
Waaree Technologies 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.
Waaree Technologies's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 22.58 mean?
Waaree Technologies (BOM:539337) has a Cyclically Adjusted PB Ratio of 22.58 as of Aug. 31, 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 Waaree Technologies and its competitors. This is 17% below median its historical median of 27.10. Over the past decade, Waaree Technologies' Cyclically Adjusted PB Ratio has ranged from 12.60 to 169.26. According to the industry distribution chart, Waaree Technologies ranks #685 out of 724 companies in the Semiconductors industry, placing it in the top 94.6%.
Is Waaree Technologies' Cyclically Adjusted PB Ratio too high?
Waaree Technologies' current Cyclically Adjusted PB Ratio of 22.58 is 17% below median its 10-year median of 27.10. Over the past 10 years, this metric has ranged from a low of 12.60 to a high of 169.26. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.19. Waaree Technologies' value of 22.58 is 608.9% above this industry median. Based on the distribution chart, Waaree Technologies ranks #685 out of 724 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Waaree Technologies has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waaree Technologies' Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Technologies ranks #685 out of 724 companies for Cyclically Adjusted PB Ratio. This places Waaree Technologies in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.19. Waaree Technologies' value of 22.58 is 608.9% above this benchmark. Historically, Waaree Technologies' own Cyclically Adjusted PB Ratio has ranged from 12.60 to 169.26 over the past decade. While the company's 10-year median is 27.10 vs. the industry median of 3.19, Waaree Technologies 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.19, based on 724 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. Waaree Technologies's current Cyclically Adjusted PB Ratio of 22.58 is 608.9% 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 Waaree Technologies and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Technologies's current Cyclically Adjusted PB Ratio is 22.58, which is 17% below median its own 10-year median of 27.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Technologies (BOM:539337) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹180.58, compared to a current price of ₹215.15 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 22.58, which is 17% below median its 10-year median of 27.10 and 608.9% above the Semiconductors industry median of 3.19. Waaree Technologies' overall GF Score™ is 49/100 with 5 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 Waaree Technologies (BOM:539337), the current Cyclically Adjusted PB Ratio is 22.58 as of Aug. 31, 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 Waaree Technologies (BOM:539337) Overvalued in 2026?
Based on GuruFocus' analysis, Waaree Technologies stock appears to be overvalued.
The current stock price of ₹215.15 is trading 19.1% above its estimated GF Value™ of ₹180.58.
GuruFocus considers Waaree Technologies to be Modestly Overvalued.
Key valuation signals for BOM:539337:
Cyclically Adjusted PB Ratio: 22.58 (17% below median its 10-year median of 27.10)
GF Value™: ₹180.58 vs. price of ₹215.15 (19.1% above fair value)
Industry Position: 608.9% above the Semiconductors median (#685 of 724)
No single metric tells the full story. See the BOM:539337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waaree Technologies Ltd is engaged in the business of manufacturing batteries, catering to both industrial and consumer segments, with a particular focus on energy storage systems, electric vehicles (EVs). The Products of the company include PV modules and Solar inverters. Its Solutions are Ground Mounted, Roof Top, Floating Solar, Asset Management, and Green Hydrogen. The company operates in a single segment is assembling and dealing in lithium batteries.
49GF Score
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