Gammon India (NSE:GAMMONIND) Cyclically Adjusted PB Ratio: (As of Jul. 27, 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.
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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.

What is Gammon India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gammon India  (NSE:GAMMONIND) 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.


Gammon India Cyclically Adjusted PB Ratio Related Terms


Gammon India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gammon India'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.

Gammon India Cyclically Adjusted PB Ratio Chart

Gammon India 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 0.18 0.00

Gammon India 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 0.18 0.00 0.00 0.00 0.00

NSE:GAMMONIND vs PWR, J: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Gammon India'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.


Gammon India Cyclically Adjusted PB Ratio vs Construction Industry

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

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



Gammon India 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.

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

For example, Gammon India'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)
=-354.237/164.2724*164.2724
=-354.237

Current CPI (Mar. 2026) = 164.2724.

Gammon India Quarterly Data

Book Value per Share CPI Adj_Book
201003 166.208 65.030 419.856
201103 157.116 70.768 364.709
201203 158.387 76.889 338.393
201303 81.716 85.687 156.660
201312 20.135 91.425 36.179
201409 44.086 96.780 74.830
201703 -11.000 105.196 -17.177
201803 -58.747 109.786 -87.903
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 -91.326 118.202 -126.921
201906 0.000 120.880 0.000
201909 -101.159 123.175 -134.911
201912 0.000 126.235 0.000
202003 -117.184 124.705 -154.365
202006 0.000 127.000 0.000
202009 -126.347 130.118 -159.512
202012 0.000 130.889 0.000
202103 -140.277 131.771 -174.877
202106 0.000 134.084 0.000
202109 -151.240 135.847 -182.886
202112 0.000 138.161 0.000
202203 -178.946 138.822 -211.753
202206 0.000 142.347 0.000
202209 -190.504 144.661 -216.330
202212 0.000 145.763 0.000
202303 -224.534 146.865 -251.148
202306 0.000 150.280 0.000
202309 -239.732 151.492 -259.957
202312 0.000 152.924 0.000
202403 -282.636 153.035 -303.391
202406 0.000 155.789 0.000
202409 -299.310 157.882 -311.424
202412 0.000 158.323 0.000
202503 -317.068 157.552 -330.593
202506 0.000 159.755 0.000
202509 -332.384 162.289 -336.446
202512 0.000 163.281 0.000
202603 -354.237 164.272 -354.237

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.


Gammon India Business Description

Address J.N. Heredia Marg, Hamilton House, Floor 3rd, Plot No. - 3/8, Ballard Estate, Mumbai, MH, IND, 400038
Gammon India Ltd is engaged in the engineering, procurement, and construction of steam and power generation boilers, water and waste treatment, and flameless combustion technology for the oil and gas, power, and industrial sectors. It undertakes EPC projects including highways, water pipelines, and residential and commercial buildings. Its operations include construction, engineering, designing, material supply, installation, development, project management, and maintenance. The company's operating segments are Real Estate Development and Construction and Engineering, with maximum revenue from the Construction and Engineering segment, and a majority of revenue generated in India.