BLS International Services (NSE:BLS) Cyclically Adjusted PB Ratio: (As of Aug. 12, 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.
Reviewed by: Charlie Tian Charlie Tian
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:BLS BLS International Services Ltd NSE:BLS
74 GF Score
Price ₹262.88
GF Value ₹569.15
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is BLS International Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BLS International Services  (NSE:BLS) 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.


BLS International Services Cyclically Adjusted PB Ratio Related Terms


BLS International Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BLS International Services'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.

BLS International Services Cyclically Adjusted PB Ratio Chart

BLS International Services 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 25.00 11.24

BLS International Services 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 17.80 0.00 11.24 0.00

NSE:BLS vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, BLS International Services'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.


BLS International Services Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, BLS International Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where BLS International Services's Cyclically Adjusted PB Ratio falls into.


NSE:BLS
74GF Score
BLS International Services Ltd NSE:BLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BLS International Services 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.

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

For example, BLS International Services'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.

BLS International Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.305 105.961 5.182
201612 0.000 105.196 0.000
201703 4.043 105.196 6.385
201706 0.000 107.109 0.000
201709 5.390 109.021 8.214
201712 0.000 109.404 0.000
201803 6.358 109.786 9.622
201806 0.000 111.317 0.000
201809 8.459 115.142 12.206
201812 8.693 115.142 12.544
201903 9.079 118.202 12.761
201906 0.000 120.880 0.000
201909 9.375 123.175 12.646
201912 0.000 126.235 0.000
202003 10.455 124.705 13.929
202006 0.000 127.000 0.000
202009 10.481 130.118 13.383
202012 0.000 130.889 0.000
202103 11.220 131.771 14.147
202106 0.000 134.084 0.000
202109 12.408 135.847 15.175
202112 0.000 138.161 0.000
202203 13.910 138.822 16.648
202206 0.000 142.347 0.000
202209 16.085 144.661 18.474
202212 0.000 145.763 0.000
202303 19.553 146.865 22.120
202306 0.000 150.280 0.000
202309 23.183 151.492 25.425
202312 0.000 152.924 0.000
202403 29.359 153.035 31.874
202406 0.000 155.789 0.000
202409 34.707 157.882 36.523
202412 0.000 158.323 0.000
202503 42.054 157.552 44.348
202506 0.000 159.755 0.000
202509 51.736 162.289 52.965
202512 0.000 163.281 0.000
202603 59.862 164.272 60.545
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 BLS International Services (NSE:BLS) Overvalued in 2026?

Based on GuruFocus' analysis, BLS International Services stock appears to be undervalued. The current stock price of ₹262.88 is trading 53.8% below its estimated GF Value™ of ₹569.15. GuruFocus considers BLS International Services to be Significantly Undervalued.

Key valuation signals for NSE:BLS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹569.15 vs. price of ₹262.88 (53.8% below fair value)
  • GF Score™: 74/100 with 1 warning sign

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


BLS International Services Business Description

Other Exchanges 540073:India
Address No. 21, Barakhamba Road, 912, Indra Prakash Building, New Delhi, IND, 110001
BLS International Services Ltd is a provider of miscellaneous business services in India. These services include outsourcing and administrative tasks, and passport and consular services to diplomatic missions across the world. It generates the majority of its revenue from operations rendered to the Middle East. Other regions include India, South Africa, Europe, North America, and Asia-Pacific. The company's businesses include Visa/Passport and OCI Application services, attestation, BLS Visa Consultancy, and BLS Embassy Notification Services.
74GF Score

Get the complete analysis for NSE:BLS

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

₹262.88
Price
₹569.15
GF Value