Indra Sistemas (CHIX:IDRE) Cyclically Adjusted PB Ratio: (As of Jul. 24, 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.

CHIX:IDRE Indra Sistemas SA CHIX:IDRE
81 GF Score
Price €54.72
GF Value €28.30
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Indra Sistemas Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indra Sistemas  (CHIX:IDRe) 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.


Indra Sistemas Cyclically Adjusted PB Ratio Related Terms


Indra Sistemas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indra Sistemas'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.

Indra Sistemas Cyclically Adjusted PB Ratio Chart

Indra Sistemas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.22 2.93 3.58 9.03

Indra Sistemas 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 7.37 7.44 9.03 8.38 0.00

CHIX:IDRE vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Indra Sistemas'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.


Indra Sistemas Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Indra Sistemas's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indra Sistemas's Cyclically Adjusted PB Ratio falls into.


CHIX:IDRE
81GF Score
Indra Sistemas SA CHIX:IDRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Indra Sistemas 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.

Indra Sistemas's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Indra Sistemas'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)
=11.09/130.5100*130.5100
=11.090

Current CPI (Jun. 2026) = 130.5100.

Indra Sistemas Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.100 99.737 2.748
201612 2.228 101.842 2.855
201703 2.386 100.896 3.086
201706 3.062 101.848 3.924
201709 3.307 101.524 4.251
201712 3.591 102.975 4.551
201803 3.246 102.122 4.148
201806 3.318 104.165 4.157
201809 3.392 103.818 4.264
201812 3.727 104.193 4.668
201903 3.861 103.488 4.869
201906 3.943 104.612 4.919
201909 4.059 103.905 5.098
201912 4.407 105.015 5.477
202003 4.247 103.469 5.357
202006 3.762 104.254 4.709
202009 3.941 103.521 4.968
202012 3.775 104.456 4.717
202103 3.942 104.857 4.906
202106 4.128 107.102 5.030
202109 4.436 107.669 5.377
202112 4.656 111.298 5.460
202203 5.027 115.153 5.697
202206 5.084 118.044 5.621
202209 5.415 117.221 6.029
202212 5.603 117.650 6.215
202303 5.845 118.948 6.413
202306 5.903 120.278 6.405
202309 6.198 121.343 6.666
202312 6.413 121.300 6.900
202403 6.708 122.762 7.131
202406 6.505 124.409 6.824
202409 6.777 123.121 7.184
202412 7.374 124.753 7.714
202503 7.632 125.531 7.935
202506 8.183 127.251 8.393
202509 8.578 126.840 8.826
202512 9.895 128.400 10.058
202603 10.514 129.860 10.567
202606 11.090 130.510 11.090

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 Indra Sistemas (CHIX:IDRE) Overvalued in 2026?

Based on GuruFocus' analysis, Indra Sistemas stock appears to be overvalued. The current stock price of €54.72 is trading 93.4% above its estimated GF Value™ of €28.30. GuruFocus considers Indra Sistemas to be Significantly Overvalued.

Key valuation signals for CHIX:IDRE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €28.30 vs. price of €54.72 (93.4% above fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Indra Sistemas Business Description

Address Avenida de Bruselas, 35, Alcobendas, Madrid, ESP, 28108
Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.
81GF Score

Get the complete analysis for CHIX:IDRE

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

€54.72
Price
€28.30
GF Value