Adani Ports & Special Economic Zone (NSE:ADANIPORTS) Cyclically Adjusted PB Ratio: (As of Aug. 13, 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.

NSE:ADANIPORTS Adani Ports & Special Economic Zone Ltd NSE:ADANIPORTS
93 GF Score
Price ₹1,665.00
GF Value ₹1,750.17
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Adani Ports & Special Economic Zone  (NSE:ADANIPORTS) 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.


Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio Related Terms


Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adani Ports & Special Economic Zone'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.

Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio Chart

Adani Ports & Special Economic Zone 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 6.87 4.81 8.73 6.66 6.20

Adani Ports & Special Economic Zone 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 7.24 0.00 6.20 0.00

Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Adani Ports & Special Economic Zone'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.


Adani Ports & Special Economic Zone Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Adani Ports & Special Economic Zone's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Adani Ports & Special Economic Zone's Cyclically Adjusted PB Ratio falls into.


NSE:ADANIPORTS
93GF Score
Adani Ports & Special Economic Zone Ltd NSE:ADANIPORTS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adani Ports & Special Economic Zone 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.

Adani Ports & Special Economic Zone's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Adani Ports & Special Economic Zone'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Adani Ports & Special Economic Zone Quarterly Data

Book Value per Share CPI Adj_Book
201609 74.255 105.961 116.431
201612 0.000 105.196 0.000
201703 83.827 105.196 132.395
201706 0.000 107.109 0.000
201709 92.286 109.021 140.641
201712 0.000 109.404 0.000
201803 100.934 109.786 152.749
201806 0.000 111.317 0.000
201809 104.587 115.142 150.915
201812 0.000 115.142 0.000
201903 117.687 118.202 165.421
201906 0.000 120.880 0.000
201909 122.448 123.175 165.165
201912 0.000 126.235 0.000
202003 126.115 124.705 168.024
202006 0.000 127.000 0.000
202009 136.727 130.118 174.584
202012 0.000 130.889 0.000
202103 150.650 131.771 189.950
202106 0.000 134.084 0.000
202109 151.513 135.847 185.305
202112 0.000 138.161 0.000
202203 198.773 138.822 237.896
202206 0.000 142.347 0.000
202209 200.884 144.661 230.718
202212 0.000 145.763 0.000
202303 210.893 146.865 238.580
202306 0.000 150.280 0.000
202309 225.418 151.492 247.222
202312 0.000 152.924 0.000
202403 245.099 153.035 266.097
202406 0.000 155.789 0.000
202409 264.689 157.882 278.542
202412 0.000 158.323 0.000
202503 289.034 157.552 304.799
202506 0.000 159.755 0.000
202509 310.525 162.289 317.903
202512 0.000 163.281 0.000
202603 417.218 164.272 421.975
202606 0.000 166.145 0.000

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 Adani Ports & Special Economic Zone (NSE:ADANIPORTS) Overvalued in 2026?

Based on GuruFocus' analysis, Adani Ports & Special Economic Zone stock appears to be undervalued. The current stock price of ₹1,665.00 is trading 4.9% below its estimated GF Value™ of ₹1,750.17. GuruFocus considers Adani Ports & Special Economic Zone to be Fairly Valued.

Key valuation signals for NSE:ADANIPORTS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,750.17 vs. price of ₹1,665.00 (4.9% below fair value)
  • GF Score™: 93/100 with 1 warning sign

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


Adani Ports & Special Economic Zone Business Description

Other Exchanges 532921:India
Address S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Near Vaishno Devi Circle, Ahmedabad, GJ, IND, 382421
Adani Ports & Special Economic Zone Ltd is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra. The Company is mainly engaged in one business segment, namely developing, operating and maintaining the ports services, ports related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra. The company has presence in India and Outside India. The company generates majority of revenue from India.
93GF Score

Get the complete analysis for NSE:ADANIPORTS

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

₹1,665.00
Price
₹1,750.17
GF Value