GURUFOCUS.COM » STOCK LIST » Technology » Software » Infosys Ltd (NSE:INFY) » Definitions » Cyclically Adjusted PB Ratio

Infosys (NSE:INFY) Cyclically Adjusted PB Ratio : 7.41 (As of May. 01, 2025)


View and export this data going back to 1995. Start your Free Trial

What is Infosys Cyclically Adjusted PB Ratio?

As of today (2025-05-01), Infosys's current share price is ₹1500.10. Infosys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ₹202.41. Infosys's Cyclically Adjusted PB Ratio for today is 7.41.

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

NSE:INFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.13   Med: 6.81   Max: 11.58
Current: 7.41

During the past years, Infosys's highest Cyclically Adjusted PB Ratio was 11.58. The lowest was 4.13. And the median was 6.81.

NSE:INFY's Cyclically Adjusted PB Ratio is ranked worse than
82.33% of 1392 companies
in the Software industry
Industry Median: 2.6 vs NSE:INFY: 7.41

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.

Infosys's adjusted book value per share data for the three months ended in Dec. 2024 was ₹211.433. 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 ₹202.41 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infosys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Infosys'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.

* Premium members only.

Infosys Cyclically Adjusted PB Ratio Chart

Infosys Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.81 11.31 7.83 7.75 -

Infosys Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.75 7.93 9.32 9.29 -

Competitive Comparison of Infosys's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Infosys'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.


Infosys's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Infosys's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Infosys 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.

Infosys's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1500.10/202.41
=7.41

* 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.

Infosys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Infosys's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=211.433/158.3229*158.3229
=211.433

Current CPI (Dec. 2024) = 158.3229.

Infosys Quarterly Data

Book Value per Share CPI Adj_Book
201503 119.761 97.163 195.146
201506 118.068 99.841 187.227
201509 126.551 101.753 196.907
201512 127.688 102.901 196.460
201603 136.438 102.518 210.706
201606 133.552 105.961 199.548
201609 142.000 105.961 212.171
201612 143.047 105.196 215.290
201703 153.112 105.196 230.438
201706 149.568 107.109 221.084
201709 156.308 109.021 226.993
201712 141.074 109.404 204.154
201803 149.047 109.786 214.941
201806 138.210 111.317 196.573
201809 149.429 115.142 205.468
201812 151.704 115.142 208.597
201903 150.503 118.202 201.588
201906 132.915 120.880 174.086
201909 143.598 123.175 184.574
201912 143.060 126.235 179.424
202003 151.988 124.705 192.961
202006 156.133 127.000 194.641
202009 166.768 130.118 202.917
202012 170.026 130.889 205.663
202103 179.118 131.771 215.211
202106 167.703 134.084 198.019
202109 164.940 135.847 192.229
202112 167.350 138.161 191.772
202203 180.634 138.822 206.009
202206 173.832 142.347 193.341
202209 188.022 144.661 205.779
202212 177.492 145.763 192.786
202303 182.417 146.865 196.649
202306 180.188 150.280 189.831
202309 195.089 151.492 203.886
202312 193.432 152.924 200.261
202403 211.747 153.035 219.064
202406 200.621 155.789 203.884
202409 218.262 157.882 218.871
202412 211.433 158.323 211.433

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.


Infosys  (NSE:INFY) 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.


Infosys Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Infosys's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Infosys Business Description

Industry
Address
44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is a leading global IT services provider, with over 320,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service.