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.
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.
Indian Railway Catering And TourismNSE:IRCTC -0.68%91 Cyclically Adjusted PB Ratio is 16.14 as of Aug. 03, 2026, which is 6% below its 10-year median of 17.15. GuruFocus rates NSE:IRCTC with a GF Score™ of 91/100 and a GF Value™ of ₹955.26 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 645 Travel & Leisure companies, Indian Railway Catering And Tourism ranks worse than 97.52% on this metric.
The historical rank and industry rank for Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:IRCTC'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 16.15 Med: 17.15 Max: 18.63
Current: 16.15
During the past 10 years, Indian Railway Catering And Tourism's highest Cyclically Adjusted PB Ratio was 18.63. The lowest was 16.15. And the median was 17.15.
NSE:IRCTC's Cyclically Adjusted PB Ratio is ranked worse than 97.52% of 645
companies
in the Travel & Leisure industry
Industry Median: 1.2
vs NSE:IRCTC: 16.15
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.
Indian Railway Catering And Tourism's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹53.857. 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 ₹30.35 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Indian Railway Catering And Tourism (NSE:IRCTC) 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 Railway Catering And Tourism Cyclically Adjusted PB Ratio Related Terms
Indian Railway Catering And Tourism Cyclically Adjusted PB Ratio Historical Data
* 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 Railway Catering And Tourism Cyclically Adjusted PB Ratio Chart
NSE:IRCTC vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison
For the Travel Services subindustry, Indian Railway Catering And Tourism'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 Railway Catering And Tourism Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio falls into.
Indian Railway Catering And Tourism 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.
* 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.
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 16.14 mean?
Indian Railway Catering And Tourism (NSE:IRCTC) has a Cyclically Adjusted PB Ratio of 16.14 as of Aug. 03, 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 Indian Railway Catering And Tourism and its competitors. This is near median its historical median of 17.15. Over the past decade, Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio has ranged from 16.15 to 18.63. According to the industry distribution chart, Indian Railway Catering And Tourism ranks #629 out of 645 companies in the Travel & Leisure industry, placing it in the top 97.5%.
Is Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio too high?
Indian Railway Catering And Tourism's current Cyclically Adjusted PB Ratio of 16.14 is near median its 10-year median of 17.15. Over the past 10 years, this metric has ranged from a low of 16.15 to a high of 18.63. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Indian Railway Catering And Tourism's value of 16.14 is 1245% above this industry median. Based on the distribution chart, Indian Railway Catering And Tourism ranks #629 out of 645 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Indian Railway Catering And Tourism has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Railway Catering And Tourism's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Indian Railway Catering And Tourism ranks #629 out of 645 companies for Cyclically Adjusted PB Ratio. This places Indian Railway Catering And Tourism in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Indian Railway Catering And Tourism's value of 16.14 is 1245% above this benchmark. Historically, Indian Railway Catering And Tourism's own Cyclically Adjusted PB Ratio has ranged from 16.15 to 18.63 over the past decade. While the company's 10-year median is 17.15 vs. the industry median of 1.20, Indian Railway Catering And Tourism has consistently been above 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 a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 645 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. Indian Railway Catering And Tourism's current Cyclically Adjusted PB Ratio of 16.14 is 1245% above 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 Indian Railway Catering And Tourism and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Railway Catering And Tourism's current Cyclically Adjusted PB Ratio is 16.14, which is near median its own 10-year median of 17.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Railway Catering And Tourism stock overvalued right now?
Based on GuruFocus' analysis, Indian Railway Catering And Tourism (NSE:IRCTC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹955.26, compared to a current price of ₹489.80 — trading 48.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.14, which is near median its 10-year median of 17.15 and 1245% above the Travel & Leisure industry median of 1.20. Indian Railway Catering And Tourism's overall GF Score™ is 91/100 with 2 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 Indian Railway Catering And Tourism (NSE:IRCTC), the current Cyclically Adjusted PB Ratio is 16.14 as of Aug. 03, 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 Indian Railway Catering And Tourism (NSE:IRCTC) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Railway Catering And Tourism stock appears to be undervalued.
The current stock price of ₹489.80 is trading 48.7% below its estimated GF Value™ of ₹955.26.
GuruFocus considers Indian Railway Catering And Tourism to be Significantly Undervalued.
Key valuation signals for NSE:IRCTC:
Cyclically Adjusted PB Ratio: 16.14 (near median its 10-year median of 17.15)
GF Value™: ₹955.26 vs. price of ₹489.80 (48.7% below fair value)
Industry Position: 1245% above the Travel & Leisure median (#629 of 645)
No single metric tells the full story. See the NSE:IRCTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations, and to promote domestic and international tourism through the development of budget hotels, special tour packages, information, and commercial publicity and world-wide reservation systems. The company's segments are Catering, Rail Neer, Internet Ticketing, and Tourism & Train Operation. A vast majority of its revenues are derived from the Catering business.
91GF Score
Get the complete analysis for NSE:IRCTC
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:IRCTC has been successfully added to your 
