Arvind SmartSpaces (NSE:ARVSMART) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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.
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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:ARVSMART Arvind SmartSpaces Ltd NSE:ARVSMART
91 GF Score
Price ₹663.15
GF Value ₹963.87
Valuation Possible Value Trap
! 8 Warning Signs
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What is Arvind SmartSpaces Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arvind SmartSpaces  (NSE:ARVSMART) 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.


Arvind SmartSpaces Cyclically Adjusted PB Ratio Related Terms


Arvind SmartSpaces Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arvind SmartSpaces'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.

Arvind SmartSpaces Cyclically Adjusted PB Ratio Chart

Arvind SmartSpaces 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 6.81 4.43

Arvind SmartSpaces 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 5.98 0.00 4.43 0.00

Arvind SmartSpaces Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Arvind SmartSpaces'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.


Arvind SmartSpaces Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Arvind SmartSpaces's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:ARVSMART
91GF Score
Arvind SmartSpaces Ltd NSE:ARVSMART
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arvind SmartSpaces 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.

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

For example, Arvind SmartSpaces'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.

Arvind SmartSpaces Quarterly Data

Book Value per Share CPI Adj_Book
201609 56.661 105.961 88.844
201612 0.000 105.196 0.000
201703 68.537 105.196 108.247
201706 0.000 107.109 0.000
201709 71.353 109.021 108.740
201712 0.000 109.404 0.000
201803 92.569 109.786 140.089
201806 0.000 111.317 0.000
201809 64.657 115.142 93.298
201812 0.000 115.142 0.000
201903 72.244 118.202 101.546
201906 0.000 120.880 0.000
201909 71.735 123.175 96.760
201912 0.000 126.235 0.000
202003 81.232 124.705 108.226
202006 0.000 127.000 0.000
202009 80.430 130.118 102.700
202012 81.229 130.889 103.109
202103 87.572 131.771 110.417
202106 0.000 134.084 0.000
202109 93.899 135.847 114.842
202112 0.000 138.161 0.000
202203 103.405 138.822 123.758
202206 0.000 142.347 0.000
202209 102.233 144.661 117.416
202212 0.000 145.763 0.000
202303 102.933 146.865 116.446
202306 0.000 150.280 0.000
202309 103.432 151.492 113.437
202312 0.000 152.924 0.000
202403 109.069 153.035 118.413
202406 0.000 155.789 0.000
202409 115.574 157.882 121.623
202412 0.000 158.323 0.000
202503 131.245 157.552 138.404
202506 0.000 159.755 0.000
202509 130.389 162.289 133.487
202512 0.000 163.281 0.000
202603 141.538 164.272 143.152
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 Arvind SmartSpaces (NSE:ARVSMART) Overvalued in 2026?

Based on GuruFocus' analysis, Arvind SmartSpaces stock appears to be undervalued. The current stock price of ₹663.15 is trading 31.2% below its estimated GF Value™ of ₹963.87. GuruFocus considers Arvind SmartSpaces to be Possible Value Trap.

Key valuation signals for NSE:ARVSMART:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹963.87 vs. price of ₹663.15 (31.2% below fair value)
  • GF Score™: 91/100 with 8 warning signs

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


Arvind SmartSpaces Business Description

Other Exchanges 539301:India
Address C.G. Road, 24, Government Servant\'s Society, Near Municipal Market, Behind Citibank, Navrangpura, Ahmedabad, GJ, IND, 380009
Arvind SmartSpaces Ltd is a real estate development company. The company is engaged in developing residential, industrial, and commercial projects. Geographically, it operates only in India. The company's projects in Ahmedabad include Alcove, Parishkaar, Citadel, Megatrade, Aavishkaar, Megapark, and many more; the projects in Bengaluru include Expansia, Sporcia, Oasis, Skylands; the projects in Pune include Elan, and other projects.
91GF Score

Get the complete analysis for NSE:ARVSMART

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

₹663.15
Price
₹963.87
GF Value