Apollo Micro Systems (NSE:APOLLO) Cyclically Adjusted PB Ratio: (As of Aug. 11, 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.

NSE:APOLLO Apollo Micro Systems Ltd NSE:APOLLO
81 GF Score
Price ₹388.70
GF Value ₹245.34
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Apollo Micro Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Micro Systems  (NSE:APOLLO) 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.


Apollo Micro Systems Cyclically Adjusted PB Ratio Related Terms


Apollo Micro Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Micro Systems'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.

Apollo Micro Systems Cyclically Adjusted PB Ratio Chart

Apollo Micro Systems 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 0.00 0.00 10.44

Apollo Micro Systems 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 10.44 0.00

NSE:APOLLO vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Apollo Micro Systems'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.


Apollo Micro Systems Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Apollo Micro Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:APOLLO
81GF Score
Apollo Micro Systems Ltd NSE:APOLLO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Apollo Micro Systems 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.

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

For example, Apollo Micro Systems'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.

Apollo Micro Systems Quarterly Data

Book Value per Share CPI Adj_Book
201503 1.676 97.163 2.866
201603 2.216 102.518 3.591
201703 3.064 105.196 4.839
201706 0.000 107.109 0.000
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 12.309 109.786 18.628
201806 0.000 111.317 0.000
201809 12.945 115.142 18.679
201812 0.000 115.142 0.000
201903 13.581 118.202 19.090
201906 0.000 120.880 0.000
201909 13.884 123.175 18.728
201912 0.000 126.235 0.000
202003 14.255 124.705 18.992
202006 0.000 127.000 0.000
202009 14.422 130.118 18.415
202012 0.000 130.889 0.000
202103 14.699 131.771 18.534
202106 0.000 134.084 0.000
202109 14.835 135.847 18.144
202112 0.000 138.161 0.000
202203 15.378 138.822 18.405
202206 0.000 142.347 0.000
202209 15.590 144.661 17.905
202212 0.000 145.763 0.000
202303 18.469 146.865 20.894
202306 0.000 150.280 0.000
202309 18.305 151.492 20.076
202312 0.000 152.924 0.000
202403 18.364 153.035 19.937
202406 0.000 155.789 0.000
202409 18.754 157.882 19.736
202412 0.000 158.323 0.000
202503 19.802 157.552 20.882
202506 0.000 159.755 0.000
202509 32.162 162.289 32.926
202512 0.000 163.281 0.000
202603 36.751 164.272 37.170
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 Apollo Micro Systems (NSE:APOLLO) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Micro Systems stock appears to be overvalued. The current stock price of ₹388.70 is trading 58.4% above its estimated GF Value™ of ₹245.34. GuruFocus considers Apollo Micro Systems to be Significantly Overvalued.

Key valuation signals for NSE:APOLLO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹245.34 vs. price of ₹388.70 (58.4% above fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Apollo Micro Systems Business Description

Other Exchanges 540879:India
Address Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Hyderabad, TG, IND, 500076
Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.
81GF Score

Get the complete analysis for NSE:APOLLO

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

₹388.70
Price
₹245.34
GF Value