Embassy Developments (NSE:EMBDL) Cyclically Adjusted PB Ratio: (As of Aug. 22, 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:EMBDL Embassy Developments Ltd NSE:EMBDL
54 GF Score
Price ₹64.87
GF Value ₹46.14
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Embassy Developments Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Embassy Developments  (NSE:EMBDL) 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.


Embassy Developments Cyclically Adjusted PB Ratio Related Terms


Embassy Developments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Embassy Developments'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.

Embassy Developments Cyclically Adjusted PB Ratio Chart

Embassy Developments 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 0.79 0.42 1.20 1.32 0.50

Embassy Developments 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 1.13 0.00 0.50 0.00

Embassy Developments Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Embassy Developments'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.


Embassy Developments Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Embassy Developments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:EMBDL
54GF Score
Embassy Developments Ltd NSE:EMBDL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embassy Developments 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.

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

For example, Embassy Developments'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.

Embassy Developments Quarterly Data

Book Value per Share CPI Adj_Book
201609 88.234 105.961 139.359
201612 0.000 105.196 0.000
201703 12.173 105.196 19.366
201706 0.000 107.109 0.000
201709 109.317 109.021 167.811
201712 0.000 109.404 0.000
201803 62.044 109.786 94.579
201806 0.000 111.317 0.000
201809 74.592 115.142 108.419
201812 0.000 115.142 0.000
201903 65.459 118.202 92.681
201906 0.000 120.880 0.000
201909 68.645 123.175 93.268
201912 0.000 126.235 0.000
202003 68.907 124.705 92.475
202006 0.000 127.000 0.000
202009 63.802 130.118 82.062
202012 0.000 130.889 0.000
202103 67.707 131.771 85.992
202106 0.000 134.084 0.000
202109 68.003 135.847 83.777
202112 67.509 138.161 81.775
202203 66.002 138.822 79.569
202206 0.000 142.347 0.000
202209 70.977 144.661 82.113
202212 0.000 145.763 0.000
202303 59.708 146.865 68.039
202306 0.000 150.280 0.000
202309 48.411 151.492 53.481
202312 0.000 152.924 0.000
202403 -26.733 153.035 -29.235
202406 0.000 155.789 0.000
202409 71.827 157.882 76.138
202412 0.000 158.323 0.000
202503 76.281 157.552 81.029
202506 0.000 159.755 0.000
202509 74.845 162.289 77.182
202512 0.000 163.281 0.000
202603 70.991 164.272 72.324
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 Embassy Developments (NSE:EMBDL) Overvalued in 2026?

Based on GuruFocus' analysis, Embassy Developments stock appears to be overvalued. The current stock price of ₹64.87 is trading 40.6% above its estimated GF Value™ of ₹46.14. GuruFocus considers Embassy Developments to be Significantly Overvalued.

Key valuation signals for NSE:EMBDL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹46.14 vs. price of ₹64.87 (40.6% above fair value)
  • GF Score™: 54/100 with 6 warning signs

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


Embassy Developments Business Description

Other Exchanges 532832:India
Address Senapati Bapat Marg, Elphinstone Road, One World Center, Tower 2A, Unit No - 2, 4th Floor, 401 - 402, Jupiter Textile Mills, Mumbai, MH, IND, 400013
Embassy Developments Ltd is engaged in real estate development, including the purchase, sale, construction, and management of residential, commercial, industrial, and other properties, both movable and immovable, and Special Economic Zone (SEZ) projects across Indian cities, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR).
54GF Score

Get the complete analysis for NSE:EMBDL

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

₹64.87
Price
₹46.14
GF Value