BF Utilities (NSE:BFUTILITIE) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

Author: 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:BFUTILITIE BF Utilities Ltd NSE:BFUTILITIE
83 GF Score
Price ₹510.25
GF Value ₹800.90
Valuation Significantly Undervalued
! 3 Warning Signs
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What is BF Utilities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BF Utilities  (NSE:BFUTILITIE) 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.


BF Utilities Cyclically Adjusted PB Ratio Related Terms


BF Utilities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BF Utilities'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.

BF Utilities Cyclically Adjusted PB Ratio Chart

BF Utilities Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BF Utilities Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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

BF Utilities Cyclically Adjusted PB Ratio Competitor Comparison

For the Infrastructure Operations subindustry, BF Utilities'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.


BF Utilities Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, BF Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:BFUTILITIE
83GF Score
BF Utilities Ltd NSE:BFUTILITIE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BF Utilities 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.

BF Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, BF Utilities's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/163.2808*163.2808
=0.000

Current CPI (Dec. 2025) = 163.2808.

BF Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201009 18.168 68.473 43.323
201109 -34.878 75.359 -75.571
201209 -47.778 82.244 -94.854
201309 -60.631 91.042 -108.739
201409 -74.454 96.780 -125.613
201509 -60.600 101.753 -97.243
201603 -115.136 102.518 -183.377
201703 -83.751 105.196 -129.995
201803 -77.611 109.786 -115.428
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 -70.247 118.202 -97.037
201906 0.000 120.880 0.000
201909 -64.467 123.175 -85.457
201912 0.000 126.235 0.000
202003 -58.760 124.705 -76.937
202006 0.000 127.000 0.000
202009 -64.184 130.118 -80.542
202012 0.000 130.889 0.000
202103 -59.272 131.771 -73.446
202106 0.000 134.084 0.000
202109 -57.412 135.847 -69.006
202112 0.000 138.161 0.000
202203 -45.437 138.822 -53.443
202206 0.000 142.347 0.000
202209 -49.873 144.661 -56.292
202212 0.000 145.763 0.000
202303 -24.346 146.865 -27.067
202306 0.000 150.280 0.000
202309 -5.038 151.492 -5.430
202312 0.000 152.924 0.000
202403 14.697 153.035 15.681
202406 0.000 155.789 0.000
202409 34.935 157.882 36.130
202412 0.000 158.323 0.000
202503 53.508 157.552 55.454
202506 0.000 159.755 0.000
202509 79.899 162.289 80.387
202512 0.000 163.281 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 BF Utilities (NSE:BFUTILITIE) Overvalued in 2026?

Based on GuruFocus' analysis, BF Utilities stock appears to be undervalued. The current stock price of ₹510.25 is trading 36.3% below its estimated GF Value™ of ₹800.90. GuruFocus considers BF Utilities to be Significantly Undervalued.

Key valuation signals for NSE:BFUTILITIE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹800.90 vs. price of ₹510.25 (36.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


BF Utilities Business Description

Other Exchanges 532430:India
Address Pune Cantonment, Mundhwa, Pune, MH, IND, 411036
BF Utilities Ltd is a holding company operating through two segments Wind Energy and Infrastructure. The Infrastructure segments are involved in the construction of highways, roads, bridges, culverts, and many more, while its Wind Energy segment represents the operation of wind farms in select states of India. The majority of its revenue is derived from the Infrastructure segment.
83GF Score

Get the complete analysis for NSE:BFUTILITIE

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

₹510.25
Price
₹800.90
GF Value