Bharat Bijlee (NSE:BBL) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:BBL Bharat Bijlee Ltd NSE:BBL
89 GF Score
Price ₹2,329.40
GF Value ₹3,665.34
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Bharat Bijlee Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bharat Bijlee  (NSE:BBL) 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.


Bharat Bijlee Cyclically Adjusted PB Ratio Related Terms


Bharat Bijlee Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bharat Bijlee'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.

Bharat Bijlee Cyclically Adjusted PB Ratio Chart

Bharat Bijlee 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 1.35 1.71 3.67 2.76 1.71

Bharat Bijlee 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 2.72 0.00 1.71 0.00

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

For the Electrical Equipment & Parts subindustry, Bharat Bijlee'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.


Bharat Bijlee Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NSE:BBL
89GF Score
Bharat Bijlee Ltd NSE:BBL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bharat Bijlee 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.

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

For example, Bharat Bijlee'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.

Bharat Bijlee Quarterly Data

Book Value per Share CPI Adj_Book
201609 245.599 105.961 385.096
201612 0.000 105.196 0.000
201703 576.225 105.196 910.083
201706 0.000 107.109 0.000
201709 579.023 109.021 882.414
201712 0.000 109.404 0.000
201803 611.723 109.786 925.752
201806 0.000 111.317 0.000
201809 599.575 115.142 865.164
201812 0.000 115.142 0.000
201903 665.275 118.202 935.114
201906 0.000 120.880 0.000
201909 741.290 123.175 999.894
201912 0.000 126.235 0.000
202003 668.424 124.705 890.546
202006 0.000 127.000 0.000
202009 701.433 130.118 895.648
202012 0.000 130.889 0.000
202103 860.188 131.771 1,084.585
202106 0.000 134.084 0.000
202109 944.280 135.847 1,154.886
202112 0.000 138.161 0.000
202203 993.856 138.822 1,189.472
202206 0.000 142.347 0.000
202209 1,070.017 144.661 1,228.930
202212 0.000 145.763 0.000
202303 1,218.879 146.865 1,378.897
202306 0.000 150.280 0.000
202309 1,302.053 151.492 1,427.997
202312 0.000 152.924 0.000
202403 1,650.119 153.035 1,791.489
202406 0.000 155.789 0.000
202409 1,955.870 157.882 2,058.236
202412 0.000 158.323 0.000
202503 1,717.385 157.552 1,811.060
202506 0.000 159.755 0.000
202509 1,942.086 162.289 1,988.232
202512 0.000 163.281 0.000
202603 1,794.860 164.272 1,815.325
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 Bharat Bijlee (NSE:BBL) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Bijlee stock appears to be undervalued. The current stock price of ₹2,329.40 is trading 36.4% below its estimated GF Value™ of ₹3,665.34. GuruFocus considers Bharat Bijlee to be Significantly Undervalued.

Key valuation signals for NSE:BBL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹3,665.34 vs. price of ₹2,329.40 (36.4% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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


Bharat Bijlee Business Description

Other Exchanges 503960:India
Address Appasaheb Marathe Marg, 6th Floor, Electric Mansion, Prabhadevi, Mumbai, MH, IND, 400025
Bharat Bijlee Ltd offers electric motors and transformers. The company's operating business segments include Power Systems and Industrial Systems. The Power Systems segment, which generates maximum revenue, comprises the design, commissioning, and marketing of power transformers; EPC projects for electrical substations, including delivery, rectification, commissioning, and servicing of transformers, and marketing of maintenance products. The Industrial systems segment comprises the development, marketing, and manufacture of a wide range of standard and customized electric motors; magnet technology machines, and the engineering and supply of Drives and Automation systems. Geographically, it has a presence in India and Outside India, of which a majority of its revenue is derived from India.
89GF Score

Get the complete analysis for NSE:BBL

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

₹2,329.40
Price
₹3,665.34
GF Value