Cemindia Projects (NSE:CEMPRO) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

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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:CEMPRO Cemindia Projects Ltd NSE:CEMPRO
80 GF Score
Price ₹1,367.80
GF Value ₹650.51
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cemindia Projects Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cemindia Projects  (NSE:CEMPRO) 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.


Cemindia Projects Cyclically Adjusted PB Ratio Related Terms


Cemindia Projects Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cemindia Projects'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.

Cemindia Projects Cyclically Adjusted PB Ratio Chart

Cemindia Projects Annual Data
Trend Dec15 Dec16 Dec17 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.71 5.08 7.82 6.25

Cemindia Projects 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 10.61 0.00 6.25 0.00

NSE:CEMPRO vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Cemindia Projects'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.


Cemindia Projects Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:CEMPRO
80GF Score
Cemindia Projects Ltd NSE:CEMPRO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cemindia Projects 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.

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

For example, Cemindia Projects'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.

Cemindia Projects Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 102.518 0.000
201606 34.574 105.961 54.212
201609 0.000 105.961 0.000
201612 35.578 105.196 56.192
201703 0.000 105.196 0.000
201706 37.332 107.109 57.909
201709 0.000 109.021 0.000
201712 39.784 109.404 60.418
201803 0.000 109.786 0.000
201806 58.047 111.317 86.638
201809 0.000 115.142 0.000
201906 0.000 120.880 0.000
201909 61.139 123.175 82.468
201912 0.000 126.235 0.000
202003 61.273 124.705 81.634
202006 0.000 127.000 0.000
202009 57.071 130.118 72.873
202012 0.000 130.889 0.000
202103 62.035 131.771 78.218
202106 0.000 134.084 0.000
202109 63.891 135.847 78.141
202112 0.000 138.161 0.000
202203 65.847 138.822 78.807
202206 0.000 142.347 0.000
202209 67.698 144.661 77.752
202212 0.000 145.763 0.000
202303 72.037 146.865 81.494
202306 0.000 150.280 0.000
202309 77.167 151.492 84.631
202312 0.000 152.924 0.000
202403 86.950 153.035 94.399
202406 0.000 155.789 0.000
202409 94.956 157.882 99.926
202412 0.000 158.323 0.000
202503 106.723 157.552 112.544
202506 0.000 159.755 0.000
202509 119.113 162.289 121.943
202512 0.000 163.281 0.000
202603 139.683 164.272 141.276
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 Cemindia Projects (NSE:CEMPRO) Overvalued in 2026?

Based on GuruFocus' analysis, Cemindia Projects stock appears to be overvalued. The current stock price of ₹1,367.80 is trading 110.3% above its estimated GF Value™ of ₹650.51. GuruFocus considers Cemindia Projects to be Significantly Overvalued.

Key valuation signals for NSE:CEMPRO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹650.51 vs. price of ₹1,367.80 (110.3% above fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Cemindia Projects Business Description

Other Exchanges 509496:India
Address Gate No. 5, Saki Vihar Road, 9th Floor, Prima Bay, Tower - B, Powai, Mumbai, MH, IND, 400072
Cemindia Projects Ltd engaged in Engineering, Procurement and Construction of a wide variety of structures like maritime structures, Mass Rapid Transport Systems (MRTS), dams & tunnels, airports, highways, bridges & flyovers and other foundations and specialised engineering work. The company's business activities are Maritime Structures; Urban Infrastructure, MRTS and Airports; Industrial Structures and Buildings; Highways, Bridges and Flyovers; Data Centre; Hydro, Dams, Tunnels & Irrigation; Foundation & Specialist Engineering; Water and Wastewater. The company has one segment of Engineering and Construction. The company has presence in India and Outside India. The company generates majority of revenue from India.
80GF Score

Get the complete analysis for NSE:CEMPRO

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

₹1,367.80
Price
₹650.51
GF Value