Aplab (NSE:APLAB) Cyclically Adjusted PB Ratio: (As of Jul. 01, 2026)


NSE:APLAB Aplab Ltd NSE:APLAB
49 GF Score
Price ₹32.50
GF Value ₹13.21
! 4 Warning Signs
View Full Analysis

What is Aplab Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aplab  (NSE:APLAB) 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.


Aplab Cyclically Adjusted PB Ratio Related Terms


Aplab Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aplab'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.

Aplab Cyclically Adjusted PB Ratio Chart

Aplab 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 0.00 0.00 71.27 0.00 0.00

Aplab Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.00 0.00 0.00 0.00

NSE:APLAB vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Aplab'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.


Aplab Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aplab's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:APLAB
49GF Score
Aplab Ltd NSE:APLAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aplab 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.

Aplab's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aplab's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.961/164.2724*164.2724
=7.961

Current CPI (Mar. 2026) = 164.2724.

Aplab Quarterly Data

Book Value per Share CPI Adj_Book
201603 -4.765 102.518 -7.635
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 -15.411 105.196 -24.066
201706 0.000 107.109 0.000
201709 -23.827 109.021 -35.902
201712 0.000 109.404 0.000
201803 -27.816 109.786 -41.621
201806 0.000 111.317 0.000
201809 -33.789 115.142 -48.207
201812 0.000 115.142 0.000
201903 -22.774 118.202 -31.650
201906 0.000 120.880 0.000
201909 -27.631 123.175 -36.850
201912 0.000 126.235 0.000
202003 -22.557 124.705 -29.714
202006 0.000 127.000 0.000
202009 -23.416 130.118 -29.562
202012 0.000 130.889 0.000
202103 -22.298 131.771 -27.798
202106 0.000 134.084 0.000
202109 -15.180 135.847 -18.356
202112 0.000 138.161 0.000
202203 -12.751 138.822 -15.089
202206 0.000 142.347 0.000
202209 -15.832 144.661 -17.978
202212 0.000 145.763 0.000
202303 -12.168 146.865 -13.610
202306 0.000 150.280 0.000
202309 2.902 151.492 3.147
202312 0.000 152.924 0.000
202403 4.018 153.035 4.313
202406 0.000 155.789 0.000
202409 4.922 157.882 5.121
202412 0.000 158.323 0.000
202503 5.068 157.552 5.284
202506 0.000 159.755 0.000
202509 7.522 162.289 7.614
202512 0.000 163.281 0.000
202603 7.961 164.272 7.961

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 Aplab (NSE:APLAB) Overvalued in 2026?

Based on GuruFocus' analysis, Aplab stock appears to be overvalued. The current stock price of ₹32.50 is trading 146% above its estimated GF Value™ of ₹13.21.

Key valuation signals for NSE:APLAB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹13.21 vs. price of ₹32.50 (146% above fair value)
  • GF Score™: 49/100 with 4 warning signs

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


Aplab Business Description

Other Exchanges 890217:India517096:India
Address Thane Belapur Road, Plot No. 12, TTC Industrial Area, Thane, MH, IND, 400708
Aplab Ltd is an India-based company engaged in the business/operations of manufacture, sale, and servicing of professional electronic equipment. The company's products include uninterruptible power supply (UPS) systems, high-power DC systems, solar energy systems, test & measurement instruments, power supplies, banking & retail automation products, fault locating instruments, laboratory instruments, and design & manufacturer services. It has independent product divisions including test and measurement equipment, power conversion and UPS systems, and self-service terminals for the banking sector.
49GF Score

Get the complete analysis for NSE:APLAB

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

₹32.50
Price
₹13.21
GF Value