KPI Green Energy (BOM:542323) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan 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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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:542323 KPI Green Energy Ltd BOM:542323
82 GF Score
Price ₹284.40
GF Value ₹784.02
Valuation Possible Value Trap
! 7 Warning Signs
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What is KPI Green Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KPI Green Energy  (BOM:542323) 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.


KPI Green Energy Cyclically Adjusted PB Ratio Related Terms


KPI Green Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KPI Green Energy'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.

KPI Green Energy Cyclically Adjusted PB Ratio Chart

KPI Green Energy 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 - 15.54 46.95 16.74 8.38

KPI Green Energy 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 20.78 17.43 19.88 8.38 9.32

KPI Green Energy Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, KPI Green Energy'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.


KPI Green Energy Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, KPI Green Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where KPI Green Energy's Cyclically Adjusted PB Ratio falls into.


BOM:542323
82GF Score
KPI Green Energy Ltd BOM:542323
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KPI Green Energy 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.

KPI Green Energy's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, KPI Green Energy'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)
=166.252/164.2724*164.2724
=166.252

Current CPI (Mar26) = 164.2724.

KPI Green Energy Annual Data

Book Value per Share CPI Adj_Book
201703 2.441 105.196 3.812
201803 4.231 109.786 6.331
201903 6.091 118.202 8.465
202003 6.027 124.705 7.939
202103 6.906 131.771 8.609
202203 9.455 138.822 11.188
202303 15.862 146.865 17.742
202403 46.209 153.035 49.602
202503 133.566 157.552 139.264
202603 166.252 164.272 166.252

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 KPI Green Energy (BOM:542323) Overvalued in 2026?

Based on GuruFocus' analysis, KPI Green Energy stock appears to be undervalued. The current stock price of ₹284.40 is trading 63.7% below its estimated GF Value™ of ₹784.02. GuruFocus considers KPI Green Energy to be Possible Value Trap.

Key valuation signals for BOM:542323:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹784.02 vs. price of ₹284.40 (63.7% below fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the BOM:542323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KPI Green Energy Business Description

Other Exchanges KPIGREEN:India
Address Canal Road, Bhatar Road, KP House, Near KP Circle, Opposite Ishwar Farm Junction BRT, Surat, GJ, IND, 395017
KPI Green Energy Ltd Ltd is a solar power generating company. The company develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name Solarism. Its operating segment includes the Sale of Power and Power Plants; and the Sale of Plots. The company generates maximum revenue from the Sale of Power and Solar Power Plants segment. Geographically, it operates only in India.
82GF Score

Get the complete analysis for BOM:542323

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

₹284.40
Price
₹784.02
GF Value