Expleo Solutions (NSE:EXPLEOSOL) Cyclically Adjusted PB Ratio: 2.64 (As of Jul. 11, 2026) — 51% Below Median


NSE:EXPLEOSOL Expleo Solutions Ltd NSE:EXPLEOSOL
86 GF Score
Price ₹810.90
GF Value ₹1,287.18
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Expleo Solutions Cyclically Adjusted PB Ratio?

Expleo Solutions NSE:EXPLEOSOL -2.11% 86 Cyclically Adjusted PB Ratio is 2.64 as of Jul. 11, 2026, which is 51% below its 10-year median of 5.35. GuruFocus rates NSE:EXPLEOSOL with a GF Score™ of 86/100 and a GF Value™ of ₹1,287.18 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,595 Software companies, Expleo Solutions ranks worse than 53.86% on this metric.

As of today (2026-07-11), Expleo Solutions's current share price is ₹810.90. Expleo Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹307.29. Expleo Solutions's Cyclically Adjusted PB Ratio for today is 2.64.

The historical rank and industry rank for Expleo Solutions's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:EXPLEOSOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.35   Med: 5.35   Max: 10.86
Current: 2.65

During the past years, Expleo Solutions's highest Cyclically Adjusted PB Ratio was 10.86. The lowest was 2.35. And the median was 5.35.

NSE:EXPLEOSOL's Cyclically Adjusted PB Ratio is ranked worse than
53.86% of 1595 companies
in the Software industry
Industry Median: 2.33 vs NSE:EXPLEOSOL: 2.65

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Expleo Solutions's adjusted book value per share data for the three months ended in Mar. 2026 was ₹500.201. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹307.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Expleo Solutions  (NSE:EXPLEOSOL) 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.


Expleo Solutions Cyclically Adjusted PB Ratio Related Terms


Expleo Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expleo Solutions'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.

Expleo Solutions Cyclically Adjusted PB Ratio Chart

Expleo Solutions 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 9.77 5.95 5.13 2.97 2.11

Expleo Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.97 0.00 3.39 0.00 2.11

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

For the Information Technology Services subindustry, Expleo Solutions'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.


Expleo Solutions Cyclically Adjusted PB Ratio vs Software Industry

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

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


NSE:EXPLEOSOL
86GF Score
Expleo Solutions Ltd NSE:EXPLEOSOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Expleo Solutions 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.

Expleo Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=810.90/307.29
=2.64

* 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.

Expleo Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Expleo Solutions's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=500.201/164.2724*164.2724
=500.201

Current CPI (Mar. 2026) = 164.2724.

Expleo Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 116.199 105.961 180.144
201612 0.000 105.196 0.000
201703 119.029 105.196 185.874
201706 0.000 107.109 0.000
201709 110.124 109.021 165.934
201712 0.000 109.404 0.000
201803 120.070 109.786 179.660
201806 0.000 111.317 0.000
201809 116.451 115.142 166.140
201812 0.000 115.142 0.000
201903 129.604 118.202 180.118
201906 0.000 120.880 0.000
201909 124.642 123.175 166.229
201912 0.000 126.235 0.000
202003 148.461 124.705 195.566
202006 0.000 127.000 0.000
202009 174.754 130.118 220.625
202012 0.000 130.889 0.000
202103 196.901 131.771 245.468
202106 0.000 134.084 0.000
202109 220.778 135.847 266.975
202112 0.000 138.161 0.000
202203 384.879 138.822 455.440
202206 0.000 142.347 0.000
202209 284.244 144.661 322.778
202212 0.000 145.763 0.000
202303 517.199 146.865 578.502
202306 0.000 150.280 0.000
202309 362.503 151.492 393.085
202312 0.000 152.924 0.000
202403 393.783 153.035 422.700
202406 0.000 155.789 0.000
202409 432.072 157.882 449.560
202412 0.000 158.323 0.000
202503 409.693 157.552 427.169
202506 0.000 159.755 0.000
202509 453.383 162.289 458.923
202512 0.000 163.281 0.000
202603 500.201 164.272 500.201

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.

What does a Cyclically Adjusted PB Ratio of 2.64 mean?
Expleo Solutions (NSE:EXPLEOSOL) has a Cyclically Adjusted PB Ratio of 2.64 as of Jul. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Expleo Solutions and its competitors. This is 51% below median its historical median of 5.35. Over the past decade, Expleo Solutions' Cyclically Adjusted PB Ratio has ranged from 2.35 to 10.86. According to the industry distribution chart, Expleo Solutions ranks #859 out of 1595 companies in the Software industry, placing it in the top 53.9%.
Is Expleo Solutions' Cyclically Adjusted PB Ratio too high?
Expleo Solutions' current Cyclically Adjusted PB Ratio of 2.64 is 51% below median its 10-year median of 5.35. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 10.86. The Software industry median Cyclically Adjusted PB Ratio is 2.33. Expleo Solutions' value of 2.64 is 13.3% above this industry median. Based on the distribution chart, Expleo Solutions ranks #859 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, Expleo Solutions has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Expleo Solutions' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Expleo Solutions ranks #859 out of 1595 companies for Cyclically Adjusted PB Ratio. This places Expleo Solutions in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.33. Expleo Solutions' value of 2.64 is 13.3% above this benchmark. Historically, Expleo Solutions' own Cyclically Adjusted PB Ratio has ranged from 2.35 to 10.86 over the past decade. While the company's 10-year median is 5.35 vs. the industry median of 2.33, Expleo Solutions has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Expleo Solutions's current Cyclically Adjusted PB Ratio of 2.64 is 13.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Expleo Solutions and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expleo Solutions's current Cyclically Adjusted PB Ratio is 2.64, which is 51% below median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expleo Solutions stock overvalued right now?
Based on GuruFocus' analysis, Expleo Solutions (NSE:EXPLEOSOL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,287.18, compared to a current price of ₹810.90 — trading 37% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.64, which is 51% below median its 10-year median of 5.35 and 13.3% above the Software industry median of 2.33. Expleo Solutions' overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Expleo Solutions (NSE:EXPLEOSOL), the current Cyclically Adjusted PB Ratio is 2.64 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Expleo Solutions (NSE:EXPLEOSOL) Overvalued in 2026?

Based on GuruFocus' analysis, Expleo Solutions stock appears to be undervalued. The current stock price of ₹810.90 is trading 37% below its estimated GF Value™ of ₹1,287.18. GuruFocus considers Expleo Solutions to be Significantly Undervalued.

Key valuation signals for NSE:EXPLEOSOL:

  • Cyclically Adjusted PB Ratio: 2.64 (51% below median its 10-year median of 5.35)
  • GF Value™: ₹1,287.18 vs. price of ₹810.90 (37% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 13.3% above the Software median (#859 of 1595)

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


Expleo Solutions Business Description

Other Exchanges 533121:India
Address 6A, Sixth Floor, Prince Infocity II, Number 283/3 and 283/4, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai, TN, IND, 600096
Expleo Solutions Ltd is an India-based holding company. It is engaged in providing software testing services. The company delivers software validation and verification services to the banking and financial services industry around the world. It offers its services to various industries, including banking, finance, and insurance; energy and utilities; automotive and manufacturing; retail and logistics, and telecommunications. The services offered by the company consist of Management Consultancy, Quality Management, Technical Testing Services and Training services.
86GF Score

Get the complete analysis for NSE:EXPLEOSOL

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

₹810.90
Price
₹1,287.18
GF Value