Coforge (NSE:COFORGE) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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:COFORGE Coforge Ltd NSE:COFORGE
99 GF Score
Price ₹1,773.00
GF Value ₹2,156.79
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Coforge Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Coforge  (NSE:COFORGE) 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.


Coforge Cyclically Adjusted PB Ratio Related Terms


Coforge Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coforge'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.

Coforge Cyclically Adjusted PB Ratio Chart

Coforge 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 12.13 9.54 12.73 16.93 10.07

Coforge 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 15.47 0.00 10.07 0.00

NSE:COFORGE vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Coforge'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.


Coforge Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Coforge's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:COFORGE
99GF Score
Coforge Ltd NSE:COFORGE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coforge 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.

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

For example, Coforge'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Coforge Quarterly Data

Book Value per Share CPI Adj_Book
201609 53.968 105.961 85.238
201612 55.702 105.196 88.617
201703 54.969 105.196 87.451
201706 54.427 107.109 85.042
201709 54.512 109.021 83.681
201712 56.957 109.404 87.128
201803 57.732 109.786 88.006
201806 59.144 111.317 88.919
201809 60.741 115.142 88.286
201812 63.587 115.142 92.423
201903 67.082 118.202 94.979
201906 69.581 120.880 96.334
201909 73.777 123.175 100.240
201912 75.928 126.235 100.662
202003 76.695 124.705 102.927
202006 66.850 127.000 88.093
202009 71.481 130.118 91.939
202012 76.623 130.889 97.972
202103 81.400 131.771 103.383
202106 79.232 134.084 98.893
202109 81.717 135.847 100.672
202112 86.641 138.161 104.950
202203 89.738 138.822 108.184
202206 89.729 142.347 105.494
202209 92.771 144.661 107.326
202212 100.228 145.763 115.077
202303 100.922 146.865 115.004
202306 0.000 150.280 0.000
202309 108.120 151.492 119.443
202312 0.000 152.924 0.000
202403 117.326 153.035 128.307
202406 0.000 155.789 0.000
202409 179.282 157.882 190.041
202412 0.000 158.323 0.000
202503 190.769 157.552 202.642
202506 0.000 159.755 0.000
202509 206.060 162.289 212.495
202512 0.000 163.281 0.000
202603 284.017 164.272 289.351
202606 0.000 167.357 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 Coforge (NSE:COFORGE) Overvalued in 2026?

Based on GuruFocus' analysis, Coforge stock appears to be undervalued. The current stock price of ₹1,773.00 is trading 17.8% below its estimated GF Value™ of ₹2,156.79. GuruFocus considers Coforge to be Modestly Undervalued.

Key valuation signals for NSE:COFORGE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹2,156.79 vs. price of ₹1,773.00 (17.8% below fair value)
  • GF Score™: 99/100 with 2 warning signs

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


Coforge Business Description

Other Exchanges 532541:India
Address Special Economic Zone, Plot No. TZ-2& 2A, Sector- Tech Zone, Greater Noida, UP, IND, 201308
Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration, IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services, among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas.
99GF Score

Get the complete analysis for NSE:COFORGE

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

₹1,773.00
Price
₹2,156.79
GF Value