H.G. Infra Engineering (BOM:541019) Cyclically Adjusted PB Ratio: (As of Aug. 28, 2026)

Author: Vera Yuan Vera Yuan
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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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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:541019 H.G. Infra Engineering Ltd BOM:541019
75 GF Score
Price ₹502.15
GF Value ₹1,090.33
Valuation Possible Value Trap
! 7 Warning Signs
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What is H.G. Infra Engineering Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


H.G. Infra Engineering  (BOM:541019) 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.


H.G. Infra Engineering Cyclically Adjusted PB Ratio Related Terms


H.G. Infra Engineering Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H.G. Infra Engineering'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.

H.G. Infra Engineering Cyclically Adjusted PB Ratio Chart

H.G. Infra Engineering 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 0.00 1.90

H.G. Infra Engineering 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 0.00 0.00 1.90 0.00

BOM:541019 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, H.G. Infra Engineering'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.


H.G. Infra Engineering Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, H.G. Infra Engineering's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H.G. Infra Engineering's Cyclically Adjusted PB Ratio falls into.


BOM:541019
75GF Score
H.G. Infra Engineering Ltd BOM:541019
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H.G. Infra Engineering 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.

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

For example, H.G. Infra Engineering'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.

H.G. Infra Engineering Quarterly Data

Book Value per Share CPI Adj_Book
201503 12.956 97.163 22.316
201603 18.838 102.518 30.752
201703 27.027 105.196 42.998
201706 0.000 107.109 0.000
201709 31.481 109.021 48.326
201712 0.000 109.404 0.000
201803 82.991 109.786 126.511
201806 0.000 111.317 0.000
201809 90.555 115.142 131.621
201812 0.000 115.142 0.000
201903 101.729 118.202 144.034
201906 0.000 120.880 0.000
201909 113.100 123.175 153.668
201912 0.000 126.235 0.000
202003 126.784 124.705 170.147
202006 0.000 127.000 0.000
202009 135.697 130.118 174.533
202012 0.000 130.889 0.000
202103 163.043 131.771 207.075
202106 0.000 134.084 0.000
202109 189.146 135.847 233.019
202112 0.000 138.161 0.000
202203 220.340 138.822 265.632
202206 0.000 142.347 0.000
202209 248.569 144.661 287.568
202212 0.000 145.763 0.000
202303 294.897 146.865 336.045
202306 0.000 150.280 0.000
202309 331.401 151.492 366.108
202312 0.000 152.924 0.000
202403 376.706 153.035 411.963
202406 0.000 155.789 0.000
202409 412.793 157.882 437.566
202412 0.000 158.323 0.000
202503 452.604 157.552 480.773
202506 0.000 159.755 0.000
202509 473.684 162.289 488.477
202512 0.000 163.281 0.000
202603 500.991 164.272 510.399
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 H.G. Infra Engineering (BOM:541019) Overvalued in 2026?

Based on GuruFocus' analysis, H.G. Infra Engineering stock appears to be undervalued. The current stock price of ₹502.15 is trading 53.9% below its estimated GF Value™ of ₹1,090.33. GuruFocus considers H.G. Infra Engineering to be Possible Value Trap.

Key valuation signals for BOM:541019:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,090.33 vs. price of ₹502.15 (53.9% below fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the BOM:541019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H.G. Infra Engineering Business Description

Other Exchanges HGINFRA:India
Address A-1, Tilak Marg, C-Scheme, IIIrd Floor, Sheel Mohar Plaza, C-Scheme, Jaipur, RJ, IND, 302 001
H.G. Infra Engineering Ltd is engaged in Engineering, Procurement and Construction (EPC), Maintenance of roads, bridges, flyovers and other infrastructure contract works. Geographically, it operates only in India. It has one reportable segment of engineering, procurement and construction contracts (EPC). The company executes civil construction projects, like extension and grading of runways, railways and land development as well as water pipeline projects.
75GF Score

Get the complete analysis for BOM:541019

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

₹502.15
Price
₹1,090.33
GF Value