HB Estate Developers (NSE:HBESD) Cyclically Adjusted PB Ratio: (As of Aug. 22, 2026)

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NSE:HBESD HB Estate Developers Ltd NSE:HBESD
53 GF Score
Price ₹75.20
GF Value ₹76.83
Valuation Fairly Valued
! 6 Warning Signs
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What is HB Estate Developers Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

HB Estate Developers  (NSE:HBESD) 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.

HB Estate Developers Cyclically Adjusted PB Ratio Related Terms

HB Estate Developers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HB Estate Developers'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.

HB Estate Developers Cyclically Adjusted PB Ratio Chart

HB Estate Developers 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 0.10 0.20 0.39 0.66 0.39

HB Estate Developers 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 0.61 0.00 0.39 0.00

NSE:HBESD vs : Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, HB Estate Developers'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.

HB Estate Developers Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, HB Estate Developers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HB Estate Developers's Cyclically Adjusted PB Ratio falls into.


NSE:HBESD
53GF Score
HB Estate Developers Ltd NSE:HBESD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HB Estate Developers 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.

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

For example, HB Estate Developers'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

HB Estate Developers Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201703 261.877 243.801 358.712
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 122.357 249.554 163.738
201806 0.000 251.989 0.000
201809 117.255 252.439 155.117
201812 0.000 251.233 0.000
201903 112.943 254.202 148.376
201906 0.000 256.143 0.000
201909 107.944 256.759 140.397
201912 0.000 256.974 0.000
202003 105.780 258.115 136.859
202006 0.000 257.797 0.000
202009 95.834 260.280 122.960
202012 0.000 260.474 0.000
202103 89.110 264.877 112.348
202106 0.000 271.696 0.000
202109 82.993 274.310 101.038
202112 0.000 278.802 0.000
202203 81.050 287.504 94.144
202206 0.000 296.311 0.000
202209 80.354 296.808 90.410
202212 0.000 296.797 0.000
202303 74.674 301.836 82.619
202306 0.000 305.109 0.000
202309 73.567 307.789 79.820
202312 0.000 306.746 0.000
202403 76.645 312.332 81.950
202406 0.000 314.175 0.000
202409 80.143 315.301 84.884
202412 0.000 315.605 0.000
202503 81.327 319.799 84.926
202506 0.000 322.561 0.000
202509 80.972 324.800 83.254
202512 0.000 324.054 0.000
202603 84.325 330.213 85.280
202606 0.000 333.952 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 HB Estate Developers (NSE:HBESD) Overvalued in 2026?

Based on GuruFocus' analysis, HB Estate Developers stock appears to be undervalued. The current stock price of ₹75.20 is trading 2.1% below its estimated GF Value™ of ₹76.83. GuruFocus considers HB Estate Developers to be Fairly Valued.

Key valuation signals for NSE:HBESD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹76.83 vs. price of ₹75.20 (2.1% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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

HB Estate Developers Business Description

Comparable Companies
Other Exchanges 532334:India
Address Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, HR, IND, 122001
HB Estate Developers Ltd is engaged in the development of commercial residential complexes in India. The Company is engaged in the business of owning and managing hotels and real estate properties. The firm generates a majority of its revenue through hotel operations such as room rent, food and beverage supply, restaurant, banquet income, and other services. The company recognizes revenue from various sources, including hotel operations such as room rent, food and beverages, and other related services. Additionally, revenue is generated from other allied services, which encompass income from laundry, communication, health club facilities, and airport transfers. Rentals from leased premises are also classified as revenue income.
53GF Score

Get the complete analysis for NSE:HBESD

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

₹75.20
Price
₹76.83
GF Value