Amara Raja Energy & Mobility (NSE:ARE&M) Cyclically Adjusted PB Ratio: (As of Aug. 13, 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:ARE&M Amara Raja Energy & Mobility Ltd NSE:ARE&M
96 GF Score
Price ₹969.40
GF Value ₹1,126.17
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Amara Raja Energy & Mobility Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amara Raja Energy & Mobility  (NSE:ARE&M) 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.


Amara Raja Energy & Mobility Cyclically Adjusted PB Ratio Related Terms


Amara Raja Energy & Mobility Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amara Raja Energy & Mobility'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.

Amara Raja Energy & Mobility Cyclically Adjusted PB Ratio Chart

Amara Raja Energy & Mobility 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 2.75 2.60 2.99 3.50 2.08

Amara Raja Energy & Mobility 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 3.22 0.00 2.08 0.00

NSE:ARE&M vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Amara Raja Energy & Mobility'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.


Amara Raja Energy & Mobility Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Amara Raja Energy & Mobility's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Amara Raja Energy & Mobility's Cyclically Adjusted PB Ratio falls into.


NSE:ARE&M
96GF Score
Amara Raja Energy & Mobility Ltd NSE:ARE&M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amara Raja Energy & Mobility 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.

Amara Raja Energy & Mobility's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Amara Raja Energy & Mobility'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.

Amara Raja Energy & Mobility Quarterly Data

Book Value per Share CPI Adj_Book
201609 139.385 105.961 218.554
201612 0.000 105.196 0.000
201703 151.808 105.196 239.764
201706 0.000 107.109 0.000
201709 160.018 109.021 243.863
201712 0.000 109.404 0.000
201803 171.965 109.786 260.243
201806 0.000 111.317 0.000
201809 183.093 115.142 264.196
201812 0.000 115.142 0.000
201903 195.245 118.202 274.437
201906 0.000 120.880 0.000
201909 209.973 123.175 283.223
201912 0.000 126.235 0.000
202003 213.995 124.705 285.107
202006 0.000 127.000 0.000
202009 229.614 130.118 293.190
202012 0.000 130.889 0.000
202103 246.468 131.771 310.764
202106 0.000 134.084 0.000
202109 256.106 135.847 313.226
202112 0.000 138.161 0.000
202203 266.518 138.822 318.975
202206 0.000 142.347 0.000
202209 292.080 144.661 335.458
202212 0.000 145.763 0.000
202303 351.673 146.865 397.842
202306 0.000 150.280 0.000
202309 331.364 151.492 363.416
202312 0.000 152.924 0.000
202403 371.465 153.035 403.289
202406 0.000 155.789 0.000
202409 396.985 157.882 417.762
202412 0.000 158.323 0.000
202503 403.722 157.552 425.743
202506 0.000 159.755 0.000
202509 422.742 162.289 432.787
202512 0.000 163.281 0.000
202603 442.506 164.272 447.551
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 Amara Raja Energy & Mobility (NSE:ARE&M) Overvalued in 2026?

Based on GuruFocus' analysis, Amara Raja Energy & Mobility stock appears to be undervalued. The current stock price of ₹969.40 is trading 13.9% below its estimated GF Value™ of ₹1,126.17. GuruFocus considers Amara Raja Energy & Mobility to be Modestly Undervalued.

Key valuation signals for NSE:ARE&M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,126.17 vs. price of ₹969.40 (13.9% below fair value)
  • GF Score™: 96/100 with 6 warning signs

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


Amara Raja Energy & Mobility Business Description

Other Exchanges 500008:India
Address Terminal A, 1-18/1/AMR/NR, Nanakramguda Gachibowli, Hyderabad, TG, IND, 500032
Amara Raja Energy & Mobility Ltd is an India-based battery maker for both industrial and automotive applications in the Indian storage battery industry. It offers Li-ion cells, battery packs, and charging solutions for Light Electric Vehicles and the telecom industry. The company's reportable segments are; Lead acid and allied products, and Others. The majority of its revenue is generated from the Lead acid and allied products segment. The others segment includes predominantly the manufacture and sale of new energy business-related products. Geographically, the derives its key revenue from India and also exports its products to various other countries.
96GF Score

Get the complete analysis for NSE:ARE&M

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

₹969.40
Price
₹1,126.17
GF Value