Aakash Exploration Services (NSE:AAKASH) Cyclically Adjusted PB Ratio: 1.79 (As of Aug. 04, 2026) — 16% Below Median

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.

NSE:AAKASH Aakash Exploration Services Ltd NSE:AAKASH
80 GF Score
Price ₹8.95
GF Value ₹11.39
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Aakash Exploration Services Cyclically Adjusted PB Ratio?

Aakash Exploration Services NSE:AAKASH +0.34% 80 Cyclically Adjusted PB Ratio is 1.79 as of Aug. 04, 2026, which is 16% below its 10-year median of 2.14. GuruFocus rates NSE:AAKASH with a GF Score™ of 80/100 and a GF Value™ of ₹11.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 765 Oil & Gas companies, Aakash Exploration Services ranks worse than 65.1% on this metric.

As of today (2026-08-04), Aakash Exploration Services's current share price is ₹8.95. Aakash Exploration Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was ₹5.00. Aakash Exploration Services's Cyclically Adjusted PB Ratio for today is 1.79.

The historical rank and industry rank for Aakash Exploration Services's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:AAKASH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.14   Max: 11.24
Current: 1.78

During the past 13 years, Aakash Exploration Services's highest Cyclically Adjusted PB Ratio was 11.24. The lowest was 1.61. And the median was 2.14.

NSE:AAKASH's Cyclically Adjusted PB Ratio is ranked worse than
65.1% of 765 companies
in the Oil & Gas industry
Industry Median: 1.21 vs NSE:AAKASH: 1.78

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.

Aakash Exploration Services's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹6.309. 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 ₹5.00 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aakash Exploration Services  (NSE:AAKASH) 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.


Aakash Exploration Services Cyclically Adjusted PB Ratio Related Terms


Aakash Exploration Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aakash Exploration Services'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.

Aakash Exploration Services Cyclically Adjusted PB Ratio Chart

Aakash Exploration Services 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 9.44 1.85 2.39 1.69 1.58

Aakash Exploration Services Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 1.69 0.00 0.00 1.58

NSE:AAKASH vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Aakash Exploration Services'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.


Aakash Exploration Services Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aakash Exploration Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aakash Exploration Services's Cyclically Adjusted PB Ratio falls into.


NSE:AAKASH
80GF Score
Aakash Exploration Services Ltd NSE:AAKASH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aakash Exploration Services 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.

Aakash Exploration Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.95/5.00
=1.79

* 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.

Aakash Exploration Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Aakash Exploration Services'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)
=6.309/164.2724*164.2724
=6.309

Current CPI (Mar26) = 164.2724.

Aakash Exploration Services Annual Data

Book Value per Share CPI Adj_Book
201703 1.677 105.196 2.619
201803 1.907 109.786 2.853
201903 3.202 118.202 4.450
202003 3.688 124.705 4.858
202103 4.097 131.771 5.108
202203 4.715 138.822 5.579
202303 5.166 146.865 5.778
202403 5.780 153.035 6.204
202503 5.962 157.552 6.216
202603 6.309 164.272 6.309

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.

What does a Cyclically Adjusted PB Ratio of 1.79 mean?
Aakash Exploration Services (NSE:AAKASH) has a Cyclically Adjusted PB Ratio of 1.79 as of Aug. 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 Aakash Exploration Services and its competitors. This is 16% below median its historical median of 2.14. Over the past decade, Aakash Exploration Services' Cyclically Adjusted PB Ratio has ranged from 1.61 to 11.24. According to the industry distribution chart, Aakash Exploration Services ranks #498 out of 765 companies in the Oil & Gas industry, placing it in the top 65.1%.
Is Aakash Exploration Services' Cyclically Adjusted PB Ratio too high?
Aakash Exploration Services' current Cyclically Adjusted PB Ratio of 1.79 is 16% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 11.24. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Aakash Exploration Services' value of 1.79 is 47.9% above this industry median. Based on the distribution chart, Aakash Exploration Services ranks #498 out of 765 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Aakash Exploration Services has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aakash Exploration Services' Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Aakash Exploration Services ranks #498 out of 765 companies for Cyclically Adjusted PB Ratio. This places Aakash Exploration Services in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Aakash Exploration Services' value of 1.79 is 47.9% above this benchmark. Historically, Aakash Exploration Services' own Cyclically Adjusted PB Ratio has ranged from 1.61 to 11.24 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.21, Aakash Exploration Services 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 Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.21, based on 765 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. Aakash Exploration Services's current Cyclically Adjusted PB Ratio of 1.79 is 47.9% 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 Aakash Exploration Services and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aakash Exploration Services's current Cyclically Adjusted PB Ratio is 1.79, which is 16% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aakash Exploration Services stock overvalued right now?
Based on GuruFocus' analysis, Aakash Exploration Services (NSE:AAKASH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹11.39, compared to a current price of ₹8.95 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is 16% below median its 10-year median of 2.14 and 47.9% above the Oil & Gas industry median of 1.21. Aakash Exploration Services' overall GF Score™ is 80/100 with 3 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 Aakash Exploration Services (NSE:AAKASH), the current Cyclically Adjusted PB Ratio is 1.79 as of Aug. 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 Aakash Exploration Services (NSE:AAKASH) Overvalued in 2026?

Based on GuruFocus' analysis, Aakash Exploration Services stock appears to be undervalued. The current stock price of ₹8.95 is trading 21.4% below its estimated GF Value™ of ₹11.39. GuruFocus considers Aakash Exploration Services to be Modestly Undervalued.

Key valuation signals for NSE:AAKASH:

  • Cyclically Adjusted PB Ratio: 1.79 (16% below median its 10-year median of 2.14)
  • GF Value™: ₹11.39 vs. price of ₹8.95 (21.4% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 47.9% above the Oil & Gas median (#498 of 765)

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


Aakash Exploration Services Business Description

Industry EnergyOil & Gas
Address 424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005
Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile workover rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.
80GF Score

Get the complete analysis for NSE:AAKASH

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

₹8.95
Price
₹11.39
GF Value