Aarvi Encon (NSE:AARVI) Cyclically Adjusted PB Ratio: 1.94 (As of Sep. 05, 2026) — 19% Below Median

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NSE:AARVI Aarvi Encon Ltd NSE:AARVI
85 GF Score
Price ₹141.92
GF Value ₹161.45
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Aarvi Encon Cyclically Adjusted PB Ratio?

Aarvi Encon NSE:AARVI +0.40% 85 Cyclically Adjusted PB Ratio is 1.94 as of Sep. 05, 2026, which is 19% below its 10-year median of 2.40. GuruFocus rates NSE:AARVI with a GF Score™ of 85/100 and a GF Value™ of ₹161.45 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 690 Business Services companies, Aarvi Encon ranks worse than 58.99% on this metric.

As of today (2026-09-05), Aarvi Encon's current share price is ₹141.92. Aarvi Encon's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was ₹73.26. Aarvi Encon's Cyclically Adjusted PB Ratio for today is 1.94.

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

NSE:AARVI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.4   Max: 2.85
Current: 1.94

During the past 13 years, Aarvi Encon's highest Cyclically Adjusted PB Ratio was 2.85. The lowest was 1.54. And the median was 2.40.

NSE:AARVI's Cyclically Adjusted PB Ratio is ranked worse than
58.99% of 690 companies
in the Business Services industry
Industry Median: 1.52 vs NSE:AARVI: 1.94

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.

Aarvi Encon's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹95.921. 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 ₹73.26 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aarvi Encon  (NSE:AARVI) 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.


Aarvi Encon Cyclically Adjusted PB Ratio Related Terms


Aarvi Encon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aarvi Encon'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.

Aarvi Encon Cyclically Adjusted PB Ratio Chart

Aarvi Encon 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 2.73 2.07 2.08 1.59 1.65

Aarvi Encon 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 0.00 0.00 0.00 1.65 0.00

NSE:AARVI vs RHI, KFY, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Aarvi Encon'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.


Aarvi Encon Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Aarvi Encon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:AARVI
85GF Score
Aarvi Encon Ltd NSE:AARVI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aarvi Encon 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.

Aarvi Encon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.92/73.26
=1.94

* 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.

Aarvi Encon's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Aarvi Encon'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)
=95.921/164.2724*164.2724
=95.921

Current CPI (Mar26) = 164.2724.

Aarvi Encon Annual Data

Book Value per Share CPI Adj_Book
201703 24.052 105.196 37.559
201803 42.032 109.786 62.892
201903 47.470 118.202 65.972
202003 51.626 124.705 68.006
202103 57.543 131.771 71.736
202203 64.048 138.822 75.790
202303 73.092 146.865 81.756
202403 78.937 153.035 84.734
202503 84.615 157.552 88.224
202603 95.921 164.272 95.921

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 1.94 mean?
Aarvi Encon (NSE:AARVI) has a Cyclically Adjusted PB Ratio of 1.94 as of Sep. 05, 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 Aarvi Encon and its competitors. This is 19% below median its historical median of 2.40. Over the past decade, Aarvi Encon's Cyclically Adjusted PB Ratio has ranged from 1.54 to 2.85. According to the industry distribution chart, Aarvi Encon ranks #407 out of 690 companies in the Business Services industry, placing it in the top 59%.
Is Aarvi Encon's Cyclically Adjusted PB Ratio too high?
Aarvi Encon's current Cyclically Adjusted PB Ratio of 1.94 is 19% below median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 2.85. The Business Services industry median Cyclically Adjusted PB Ratio is 1.52. Aarvi Encon's value of 1.94 is 27.6% above this industry median. Based on the distribution chart, Aarvi Encon ranks #407 out of 690 companies in the Business Services industry, which is below the industry midpoint. Overall, Aarvi Encon has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aarvi Encon's Cyclically Adjusted PB Ratio compare to RHI and KFY?
According to the Business Services industry distribution chart, Aarvi Encon ranks #407 out of 690 companies for Cyclically Adjusted PB Ratio. This places Aarvi Encon in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Aarvi Encon's value of 1.94 is 27.6% above this benchmark. Historically, Aarvi Encon's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 2.85 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.52, Aarvi Encon 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 a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.52, based on 690 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. Aarvi Encon's current Cyclically Adjusted PB Ratio of 1.94 is 27.6% 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 Aarvi Encon and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aarvi Encon's current Cyclically Adjusted PB Ratio is 1.94, which is 19% below median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aarvi Encon stock overvalued right now?
Based on GuruFocus' analysis, Aarvi Encon (NSE:AARVI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹161.45, compared to a current price of ₹141.92 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.94, which is 19% below median its 10-year median of 2.40 and 27.6% above the Business Services industry median of 1.52. Aarvi Encon's overall GF Score™ is 85/100 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 Aarvi Encon (NSE:AARVI), the current Cyclically Adjusted PB Ratio is 1.94 as of Sep. 05, 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 Aarvi Encon (NSE:AARVI) Overvalued in 2026?

Based on GuruFocus' analysis, Aarvi Encon stock appears to be undervalued. The current stock price of ₹141.92 is trading 12.1% below its estimated GF Value™ of ₹161.45. GuruFocus considers Aarvi Encon to be Modestly Undervalued.

Key valuation signals for NSE:AARVI:

  • Cyclically Adjusted PB Ratio: 1.94 (19% below median its 10-year median of 2.40)
  • GF Value™: ₹161.45 vs. price of ₹141.92 (12.1% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 27.6% above the Business Services median (#407 of 690)

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


Aarvi Encon Business Description

Other Exchanges 544850:India
Address G.K. Road, B1 Wing, 603, Marathon NextGen Complex, Marathon Innova, Opposite Peninsula Corporate Park, Lower Parel (West), Mumbai, MH, IND, 400013
Aarvi Encon Ltd is a technical manpower outsourcing company providing Staffing solutions to companies in different sectors. Its services include Information Technology Staffing, Manpower Outsourcing, Manpower Deputation, Project Management, Construction Supervision, and Inspection Services, among others. The company caters its services to industries such as Oil and Gas, Engineering, Metals and Minerals, Fertilizer, Telecom, Pipeline, Infrastructure, and others. Geographically, it generates the majority of the revenue from India.
85GF Score

Get the complete analysis for NSE:AARVI

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

₹141.92
Price
₹161.45
GF Value