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Mazagon Dock ShipbuildersBOM:543237 -1.21%91 Cyclically Adjusted PB Ratio is 17.72 as of Sep. 04, 2026, which is at its 10-year median of 17.72. GuruFocus rates BOM:543237 with a GF Score™ of 91/100 and a GF Value™ of ₹2,849.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 205 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks worse than 95.12% on this metric.
The historical rank and industry rank for Mazagon Dock Shipbuilders's Cyclically Adjusted PB Ratio or its related term are showing as below:
BOM:543237'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 16.22 Med: 17.72 Max: 19.58
Current: 18.28
During the past 10 years, Mazagon Dock Shipbuilders's highest Cyclically Adjusted PB Ratio was 19.58. The lowest was 16.22. And the median was 17.72.
BOM:543237's Cyclically Adjusted PB Ratio is ranked worse than 95.12% of 205
companies
in the Aerospace & Defense industry
Industry Median: 3.38
vs BOM:543237: 18.28
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.
Mazagon Dock Shipbuilders's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹241.829. 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 ₹139.59 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mazagon Dock Shipbuilders (BOM:543237) 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.
Mazagon Dock Shipbuilders Cyclically Adjusted PB Ratio Related Terms
Mazagon Dock Shipbuilders Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders Cyclically Adjusted PB Ratio Chart
BOM:543237 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Cyclically Adjusted PB Ratio falls into.
Mazagon Dock Shipbuilders 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.
* 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 17.72 mean?
Mazagon Dock Shipbuilders (BOM:543237) has a Cyclically Adjusted PB Ratio of 17.72 as of Sep. 04, 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 Mazagon Dock Shipbuilders and its competitors. This is near median its historical median of 17.72. Over the past decade, Mazagon Dock Shipbuilders' Cyclically Adjusted PB Ratio has ranged from 16.22 to 19.58. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #195 out of 205 companies in the Aerospace & Defense industry, placing it in the top 95.1%.
Is Mazagon Dock Shipbuilders' Cyclically Adjusted PB Ratio too high?
Mazagon Dock Shipbuilders' current Cyclically Adjusted PB Ratio of 17.72 is near median its 10-year median of 17.72. Over the past 10 years, this metric has ranged from a low of 16.22 to a high of 19.58. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.38. Mazagon Dock Shipbuilders' value of 17.72 is 424.3% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #195 out of 205 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #195 out of 205 companies for Cyclically Adjusted PB Ratio. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.38. Mazagon Dock Shipbuilders' value of 17.72 is 424.3% above this benchmark. Historically, Mazagon Dock Shipbuilders' own Cyclically Adjusted PB Ratio has ranged from 16.22 to 19.58 over the past decade. While the company's 10-year median is 17.72 vs. the industry median of 3.38, Mazagon Dock Shipbuilders 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.38, based on 205 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. Mazagon Dock Shipbuilders's current Cyclically Adjusted PB Ratio of 17.72 is 424.3% 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Cyclically Adjusted PB Ratio is 17.72, which is near median its own 10-year median of 17.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (BOM:543237) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,849.63, compared to a current price of ₹2,473.00 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 17.72, which is near median its 10-year median of 17.72 and 424.3% above the Aerospace & Defense industry median of 3.38. Mazagon Dock Shipbuilders' overall GF Score™ is 91/100 with 2 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 Mazagon Dock Shipbuilders (BOM:543237), the current Cyclically Adjusted PB Ratio is 17.72 as of Sep. 04, 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 Mazagon Dock Shipbuilders (BOM:543237) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,473.00 is trading 13.2% below its estimated GF Value™ of ₹2,849.63.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for BOM:543237:
Cyclically Adjusted PB Ratio: 17.72 (near median its 10-year median of 17.72)
GF Value™: ₹2,849.63 vs. price of ₹2,473.00 (13.2% below fair value)
Industry Position: 424.3% above the Aerospace & Defense median (#195 of 205)
No single metric tells the full story. See the BOM:543237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
91GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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