Rail Vikas Nigam (BOM:542649) 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.
Reviewed by: Charlie Tian Charlie Tian
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:542649 Rail Vikas Nigam Ltd BOM:542649
72 GF Score
Price ₹210.30
GF Value ₹352.57
Valuation Possible Value Trap
! 6 Warning Signs
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What is Rail Vikas Nigam Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rail Vikas Nigam  (BOM:542649) 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.


Rail Vikas Nigam Cyclically Adjusted PB Ratio Related Terms


Rail Vikas Nigam Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rail Vikas Nigam'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.

Rail Vikas Nigam Cyclically Adjusted PB Ratio Chart

Rail Vikas Nigam 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 - - 8.46 10.66 6.84

Rail Vikas Nigam 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 11.89 10.01 10.45 6.84 6.35

BOM:542649 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Rail Vikas Nigam'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.


Rail Vikas Nigam Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Rail Vikas Nigam's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rail Vikas Nigam's Cyclically Adjusted PB Ratio falls into.


BOM:542649
72GF Score
Rail Vikas Nigam Ltd BOM:542649
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rail Vikas Nigam 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.

Rail Vikas Nigam's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Rail Vikas Nigam'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)
=47.089/164.2724*164.2724
=47.089

Current CPI (Mar26) = 164.2724.

Rail Vikas Nigam Annual Data

Book Value per Share CPI Adj_Book
201703 17.088 105.196 26.684
201803 18.820 109.786 28.160
201903 21.082 118.202 29.299
202003 24.552 124.705 32.342
202103 27.031 131.771 33.698
202203 30.334 138.822 35.895
202303 34.754 146.865 38.873
202403 41.832 153.035 44.904
202503 45.886 157.552 47.843
202603 47.089 164.272 47.089

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 Rail Vikas Nigam (BOM:542649) Overvalued in 2026?

Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued. The current stock price of ₹210.30 is trading 40.4% below its estimated GF Value™ of ₹352.57. GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.

Key valuation signals for BOM:542649:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹352.57 vs. price of ₹210.30 (40.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the BOM:542649 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rail Vikas Nigam Business Description

Other Exchanges RVNL:India
Address August Kranti Bhawan, Block B, Plot No. 25, 1st Floor, Bhikaji Cama Place, R.K. Puram, New Delhi, IND, 110066
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
72GF Score

Get the complete analysis for BOM:542649

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

₹210.30
Price
₹352.57
GF Value