Garden Reach Shipbuilders & Engineers (BOM:542011) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:542011 Garden Reach Shipbuilders & Engineers Ltd BOM:542011
93 GF Score
Price ₹2,510.10
GF Value ₹2,948.55
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Garden Reach Shipbuilders & Engineers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Garden Reach Shipbuilders & Engineers  (BOM:542011) 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.


Garden Reach Shipbuilders & Engineers Cyclically Adjusted PB Ratio Related Terms


Garden Reach Shipbuilders & Engineers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Garden Reach Shipbuilders & Engineers'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.

Garden Reach Shipbuilders & Engineers Cyclically Adjusted PB Ratio Chart

Garden Reach Shipbuilders & Engineers Annual Data
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Cyclically Adjusted PB Ratio
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Garden Reach Shipbuilders & Engineers 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 0.00 0.00

BOM:542011 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Garden Reach Shipbuilders & Engineers'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.


Garden Reach Shipbuilders & Engineers Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Garden Reach Shipbuilders & Engineers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Garden Reach Shipbuilders & Engineers's Cyclically Adjusted PB Ratio falls into.


BOM:542011
93GF Score
Garden Reach Shipbuilders & Engineers Ltd BOM:542011
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garden Reach Shipbuilders & Engineers 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.

Garden Reach Shipbuilders & Engineers's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Garden Reach Shipbuilders & Engineers'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Garden Reach Shipbuilders & Engineers Quarterly Data

Book Value per Share CPI Adj_Book
201303 75.715 85.687 146.810
201403 83.361 91.425 151.491
201503 87.892 97.163 150.292
201603 99.226 102.518 160.810
201703 94.555 105.196 149.339
201712 0.000 109.404 0.000
201803 89.177 109.786 134.956
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 90.641 118.202 127.405
201906 0.000 120.880 0.000
201909 92.583 123.175 124.881
201912 0.000 126.235 0.000
202003 90.809 124.705 120.985
202006 0.000 127.000 0.000
202009 93.031 130.118 118.790
202012 0.000 130.889 0.000
202103 99.266 131.771 125.161
202106 0.000 134.084 0.000
202109 105.282 135.847 128.763
202112 0.000 138.161 0.000
202203 109.810 138.822 131.423
202206 0.000 142.347 0.000
202209 118.758 144.661 136.395
202212 0.000 145.763 0.000
202303 123.421 146.865 139.624
202306 0.000 150.280 0.000
202309 136.487 151.492 149.689
202312 0.000 152.924 0.000
202403 146.086 153.035 158.602
202406 0.000 155.789 0.000
202409 160.817 157.882 169.234
202412 0.000 158.323 0.000
202503 181.513 157.552 191.414
202506 0.000 159.755 0.000
202509 200.417 162.289 205.179
202512 0.000 163.281 0.000
202603 229.251 164.272 231.865
202606 0.000 166.145 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 Garden Reach Shipbuilders & Engineers (BOM:542011) Overvalued in 2026?

Based on GuruFocus' analysis, Garden Reach Shipbuilders & Engineers stock appears to be undervalued. The current stock price of ₹2,510.10 is trading 14.9% below its estimated GF Value™ of ₹2,948.55. GuruFocus considers Garden Reach Shipbuilders & Engineers to be Modestly Undervalued.

Key valuation signals for BOM:542011:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹2,948.55 vs. price of ₹2,510.10 (14.9% below fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the BOM:542011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garden Reach Shipbuilders & Engineers Business Description

Other Exchanges GRSE:India
Address 61, Garden Reach Road, GRSE Bhavan, Kolkata, WB, IND, 700024
Garden Reach Shipbuilders & Engineers Ltd is an Indian shipbuilding company mainly engaged in the construction of warships. The company's product portfolio ranges from complex naval warships to weapon systems, encompassing commercial vessels, deck machinery, marine diesel engines, naval surface guns, and Bailey-type portable steel bridges. Additionally, it offers ship repair and maintenance services.
93GF Score

Get the complete analysis for BOM:542011

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

₹2,510.10
Price
₹2,948.55
GF Value