Indian Energy Exchange (NSE:IEX) Cyclically Adjusted PB Ratio: (As of Aug. 01, 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.
Reviewed by: Charlie Tian Charlie Tian
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:IEX Indian Energy Exchange Ltd NSE:IEX
83 GF Score
Price ₹132.24
GF Value ₹213.00
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Indian Energy Exchange Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indian Energy Exchange  (NSE:IEX) 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.


Indian Energy Exchange Cyclically Adjusted PB Ratio Related Terms


Indian Energy Exchange Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indian Energy Exchange'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.

Indian Energy Exchange Cyclically Adjusted PB Ratio Chart

Indian Energy Exchange 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 0.00 13.74

Indian Energy Exchange 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 18.34 0.00 13.74 0.00

NSE:IEX vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Indian Energy Exchange'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.


Indian Energy Exchange Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Indian Energy Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indian Energy Exchange's Cyclically Adjusted PB Ratio falls into.


NSE:IEX
83GF Score
Indian Energy Exchange Ltd NSE:IEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Energy Exchange 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.

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

For example, Indian Energy Exchange'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.

Indian Energy Exchange Quarterly Data

Book Value per Share CPI Adj_Book
201603 3.165 102.518 5.129
201612 0.000 105.196 0.000
201703 3.219 105.196 5.084
201706 3.522 107.109 5.463
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 3.118 109.786 4.719
201806 0.000 111.317 0.000
201809 3.172 115.142 4.577
201812 0.000 115.142 0.000
201903 4.088 118.202 5.746
201906 0.000 120.880 0.000
201909 4.341 123.175 5.855
201912 0.000 126.235 0.000
202003 4.335 124.705 5.776
202006 0.000 127.000 0.000
202009 5.285 130.118 6.748
202012 0.000 130.889 0.000
202103 5.875 131.771 7.408
202106 0.000 134.084 0.000
202109 6.931 135.847 8.477
202112 0.000 138.161 0.000
202203 7.827 138.822 9.368
202206 0.000 142.347 0.000
202209 8.405 144.661 9.653
202212 0.000 145.763 0.000
202303 8.986 146.865 10.166
202306 0.000 150.280 0.000
202309 9.813 151.492 10.762
202312 0.000 152.924 0.000
202403 10.933 153.035 11.870
202406 0.000 155.789 0.000
202409 11.745 157.882 12.360
202412 0.000 158.323 0.000
202503 12.778 157.552 13.475
202506 0.000 159.755 0.000
202509 14.033 162.289 14.366
202512 0.000 163.281 0.000
202603 15.344 164.272 15.519
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 Indian Energy Exchange (NSE:IEX) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Energy Exchange stock appears to be undervalued. The current stock price of ₹132.24 is trading 37.9% below its estimated GF Value™ of ₹213.00. GuruFocus considers Indian Energy Exchange to be Significantly Undervalued.

Key valuation signals for NSE:IEX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹213.00 vs. price of ₹132.24 (37.9% below fair value)
  • GF Score™: 83/100 with 1 warning sign

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


Indian Energy Exchange Business Description

Other Exchanges 540750:India
Address Sector 16B, 9th Floor, Max Towers, Plot No. C-001/A/1, Gautam Buddha Nagar, Noida, UP, IND, 201301
Indian Energy Exchange Ltd is an India-based power trading platform provider. It is a power exchange for spot trading in power/electricity, trading of Renewable Energy Certificates (REC), and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity.
83GF Score

Get the complete analysis for NSE:IEX

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

₹132.24
Price
₹213.00
GF Value