Greaves Cotton (NSE:GREAVESCOT) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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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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:GREAVESCOT Greaves Cotton Ltd NSE:GREAVESCOT
75 GF Score
Price ₹198.44
GF Value ₹230.62
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Greaves Cotton Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Greaves Cotton  (NSE:GREAVESCOT) 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.


Greaves Cotton Cyclically Adjusted PB Ratio Related Terms


Greaves Cotton Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Greaves Cotton'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.

Greaves Cotton Cyclically Adjusted PB Ratio Chart

Greaves Cotton 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 4.13 2.13

Greaves Cotton 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 3.88 0.00 2.13 0.00

NSE:GREAVESCOT vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Greaves Cotton'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.


Greaves Cotton Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greaves Cotton's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:GREAVESCOT
75GF Score
Greaves Cotton Ltd NSE:GREAVESCOT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Greaves Cotton 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.

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

For example, Greaves Cotton'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Greaves Cotton Quarterly Data

Book Value per Share CPI Adj_Book
201203 25.840 76.889 55.837
201303 30.028 85.687 58.224
201403 33.561 91.425 60.990
201503 35.021 97.163 59.885
201603 36.491 102.518 59.139
201703 37.890 105.196 59.843
201803 39.514 109.786 59.799
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 39.684 118.202 55.780
201906 0.000 120.880 0.000
201909 42.082 123.175 56.763
201912 0.000 126.235 0.000
202003 34.547 124.705 46.027
202006 0.000 127.000 0.000
202009 32.236 130.118 41.162
202012 0.000 130.889 0.000
202103 33.845 131.771 42.674
202106 0.000 134.084 0.000
202109 31.789 135.847 38.879
202112 0.000 138.161 0.000
202203 32.364 138.822 38.734
202206 0.000 142.347 0.000
202209 66.112 144.661 75.931
202212 0.000 145.763 0.000
202303 68.489 146.865 77.480
202306 0.000 150.280 0.000
202309 59.237 151.492 64.967
202312 0.000 152.924 0.000
202403 62.079 153.035 67.397
202406 0.000 155.789 0.000
202409 58.413 157.882 61.470
202412 0.000 158.323 0.000
202503 60.460 157.552 63.758
202506 0.000 159.755 0.000
202509 59.082 162.289 60.486
202512 0.000 163.281 0.000
202603 61.429 164.272 62.129
202606 0.000 166.145 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 Greaves Cotton (NSE:GREAVESCOT) Overvalued in 2026?

Based on GuruFocus' analysis, Greaves Cotton stock appears to be undervalued. The current stock price of ₹198.44 is trading 14% below its estimated GF Value™ of ₹230.62. GuruFocus considers Greaves Cotton to be Modestly Undervalued.

Key valuation signals for NSE:GREAVESCOT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹230.62 vs. price of ₹198.44 (14% below fair value)
  • GF Score™: 75/100 with 1 warning sign

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


Greaves Cotton Business Description

Other Exchanges 501455:India
Address LBS Marg, Unit No. 1A, 5th Floor, Tower 3, Equinox Business Park, Kurla West, Mumbai, MH, IND, 400070
Greaves Cotton Ltd is a diversified engineering company. It is a manufacturer and marketer of diesel engines, petrol engines, generator sets, pump sets, and construction equipment. Its product is used in automotive, marine, farm, construction, and industrial applications. The company's reportable operating segments include Engines, Electric mobility and other vehicles, Cables & Control Levers, and Others. The majority of its revenue is generated from the Engines segment, which includes the application of engines in farm equipment, gensets, and spares produced by Greaves. Geographically, the company generates maximum revenue from its domestic markets, and also has an overseas presence.
75GF Score

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

₹198.44
Price
₹230.62
GF Value