Gujarat Industries Power Co (NSE:GIPCL) Cyclically Adjusted PB Ratio: 0.70 (As of Jul. 22, 2026) — 15% Below Median

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NSE:GIPCL Gujarat Industries Power Co Ltd NSE:GIPCL
73 GF Score
Price ₹162.17
GF Value ₹214.77
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Gujarat Industries Power Co Cyclically Adjusted PB Ratio?

Gujarat Industries Power Co NSE:GIPCL -0.61% 73 Cyclically Adjusted PB Ratio is 0.70 as of Jul. 22, 2026, which is 15% below its 10-year median of 0.82. GuruFocus rates NSE:GIPCL with a GF Score™ of 73/100 and a GF Value™ of ₹214.77 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 441 Utilities - Regulated companies, Gujarat Industries Power Co ranks better than 78% on this metric.

As of today (2026-07-22), Gujarat Industries Power Co's current share price is ₹162.17. Gujarat Industries Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹230.46. Gujarat Industries Power Co's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for Gujarat Industries Power Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:GIPCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.82   Max: 1.22
Current: 0.7

During the past years, Gujarat Industries Power Co's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.56. And the median was 0.82.

NSE:GIPCL's Cyclically Adjusted PB Ratio is ranked better than
78% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs NSE:GIPCL: 0.70

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.

Gujarat Industries Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₹247.412. 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 ₹230.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gujarat Industries Power Co  (NSE:GIPCL) 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.


Gujarat Industries Power Co Cyclically Adjusted PB Ratio Related Terms


Gujarat Industries Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gujarat Industries Power Co'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.

Gujarat Industries Power Co Cyclically Adjusted PB Ratio Chart

Gujarat Industries Power Co 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 0.77 0.82 0.52

Gujarat Industries Power Co 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 0.82 0.00 0.80 0.00 0.52

NSE:GIPCL vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Gujarat Industries Power Co'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.


Gujarat Industries Power Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat Industries Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gujarat Industries Power Co's Cyclically Adjusted PB Ratio falls into.


NSE:GIPCL
73GF Score
Gujarat Industries Power Co Ltd NSE:GIPCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gujarat Industries Power Co 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.

Gujarat Industries Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=162.17/230.46
=0.70

* 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.

Gujarat Industries Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gujarat Industries Power Co'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)
=247.412/164.2724*164.2724
=247.412

Current CPI (Mar. 2026) = 164.2724.

Gujarat Industries Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201303 106.715 85.687 204.586
201306 0.000 88.365 0.000
201403 116.086 91.425 208.584
201406 0.000 94.103 0.000
201503 125.033 97.163 211.392
201603 134.437 102.518 215.418
201703 147.841 105.196 230.866
201803 157.400 109.786 235.516
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 169.965 118.202 236.210
201906 0.000 120.880 0.000
201909 175.550 123.175 234.122
201912 0.000 126.235 0.000
202003 181.689 124.705 239.337
202006 0.000 127.000 0.000
202009 189.784 130.118 239.600
202012 0.000 130.889 0.000
202103 188.759 131.771 235.317
202106 0.000 134.084 0.000
202109 194.556 135.847 235.266
202112 0.000 138.161 0.000
202203 201.282 138.822 238.184
202206 0.000 142.347 0.000
202209 204.401 144.661 232.111
202212 0.000 145.763 0.000
202303 208.547 146.865 233.266
202306 0.000 150.280 0.000
202309 211.173 151.492 228.988
202312 0.000 152.924 0.000
202403 218.545 153.035 234.594
202406 0.000 155.789 0.000
202409 222.531 157.882 231.538
202412 0.000 158.323 0.000
202503 227.026 157.552 236.710
202506 0.000 159.755 0.000
202509 227.813 162.289 230.597
202512 0.000 163.281 0.000
202603 247.412 164.272 247.412

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 0.70 mean?
Gujarat Industries Power Co (NSE:GIPCL) has a Cyclically Adjusted PB Ratio of 0.70 as of Jul. 22, 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 Gujarat Industries Power Co and its competitors. This is 15% below median its historical median of 0.82. Over the past decade, Gujarat Industries Power Co's Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.22. According to the industry distribution chart, Gujarat Industries Power Co ranks #97 out of 441 companies in the Utilities - Regulated industry, placing it in the top 22%.
Is Gujarat Industries Power Co's Cyclically Adjusted PB Ratio too high?
Gujarat Industries Power Co's current Cyclically Adjusted PB Ratio of 0.70 is 15% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.22. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Gujarat Industries Power Co's value of 0.70 is 54.2% below this industry median. Based on the distribution chart, Gujarat Industries Power Co ranks #97 out of 441 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Industries Power Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Industries Power Co's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Gujarat Industries Power Co ranks #97 out of 441 companies for Cyclically Adjusted PB Ratio. This places Gujarat Industries Power Co in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.53. Gujarat Industries Power Co's value of 0.70 is 54.2% below this benchmark. Historically, Gujarat Industries Power Co's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.22 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.53, Gujarat Industries Power Co has consistently been below 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 441 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. Gujarat Industries Power Co's current Cyclically Adjusted PB Ratio of 0.70 is 54.2% below 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 Gujarat Industries Power Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Industries Power Co's current Cyclically Adjusted PB Ratio is 0.70, which is 15% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Industries Power Co stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Industries Power Co (NSE:GIPCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹214.77, compared to a current price of ₹162.17 — trading 24.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 15% below median its 10-year median of 0.82 and 54.2% below the Utilities - Regulated industry median of 1.53. Gujarat Industries Power Co's overall GF Score™ is 73/100 with 7 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 Gujarat Industries Power Co (NSE:GIPCL), the current Cyclically Adjusted PB Ratio is 0.70 as of Jul. 22, 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 Gujarat Industries Power Co (NSE:GIPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Industries Power Co stock appears to be undervalued. The current stock price of ₹162.17 is trading 24.5% below its estimated GF Value™ of ₹214.77. GuruFocus considers Gujarat Industries Power Co to be Modestly Undervalued.

Key valuation signals for NSE:GIPCL:

  • Cyclically Adjusted PB Ratio: 0.70 (15% below median its 10-year median of 0.82)
  • GF Value™: ₹214.77 vs. price of ₹162.17 (24.5% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 54.2% below the Utilities - Regulated median (#97 of 441)

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


Gujarat Industries Power Co Business Description

Other Exchanges 517300:India
Address P.O. Ranoli, Vadodara, GJ, IND, 391350
Gujarat Industries Power Co Ltd is involved in the business of electrical power generation. The company generates power from gas, lignite, wind, and solar energy sources. In addition, it is involved in the development of a hybrid renewable energy park. The company generates a majority of its revenue from the sale of electrical energy to its customers in India.
73GF Score

Get the complete analysis for NSE:GIPCL

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

₹162.17
Price
₹214.77
GF Value