KNR Constructions (NSE:KNRCON) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:KNRCON KNR Constructions Ltd NSE:KNRCON
76 GF Score
Price ₹119.27
GF Value ₹143.05
Valuation Modestly Undervalued
! 7 Warning Signs
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What is KNR Constructions Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KNR Constructions  (NSE:KNRCON) 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.


KNR Constructions Cyclically Adjusted PB Ratio Related Terms


KNR Constructions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KNR Constructions'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.

KNR Constructions Cyclically Adjusted PB Ratio Chart

KNR Constructions 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 1.30

KNR Constructions 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 2.55 0.00 1.30 0.00

NSE:KNRCON vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, KNR Constructions'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.


KNR Constructions Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, KNR Constructions's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KNRCON
76GF Score
KNR Constructions Ltd NSE:KNRCON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KNR Constructions 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.

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

For example, KNR Constructions'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

KNR Constructions Quarterly Data

Book Value per Share CPI Adj_Book
201203 14.856 76.889 32.336
201303 16.488 85.687 32.203
201403 21.725 91.425 39.769
201503 21.099 97.163 36.342
201603 24.841 102.518 40.552
201703 28.941 105.196 46.043
201803 37.256 109.786 56.793
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 46.610 118.202 65.993
201906 0.000 120.880 0.000
201909 50.948 123.175 69.223
201912 0.000 126.235 0.000
202003 55.493 124.705 74.473
202006 0.000 127.000 0.000
202009 62.779 130.118 80.746
202012 0.000 130.889 0.000
202103 69.970 131.771 88.867
202106 0.000 134.084 0.000
202109 76.574 135.847 94.336
202112 0.000 138.161 0.000
202203 82.767 138.822 99.780
202206 0.000 142.347 0.000
202209 89.795 144.661 103.883
202212 0.000 145.763 0.000
202303 98.821 146.865 112.610
202306 0.000 150.280 0.000
202309 108.697 151.492 120.081
202312 0.000 152.924 0.000
202403 126.376 153.035 138.204
202406 0.000 155.789 0.000
202409 147.971 157.882 156.851
202412 0.000 158.323 0.000
202503 161.473 157.552 171.523
202506 0.000 159.755 0.000
202509 169.344 162.289 174.632
202512 0.000 163.281 0.000
202603 176.791 164.272 180.111
202606 0.000 167.357 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 KNR Constructions (NSE:KNRCON) Overvalued in 2026?

Based on GuruFocus' analysis, KNR Constructions stock appears to be undervalued. The current stock price of ₹119.27 is trading 16.6% below its estimated GF Value™ of ₹143.05. GuruFocus considers KNR Constructions to be Modestly Undervalued.

Key valuation signals for NSE:KNRCON:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹143.05 vs. price of ₹119.27 (16.6% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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


KNR Constructions Business Description

Other Exchanges 532942:India
Address Plot No. 113 and 114, Phase I, Road No.36, KNR House, 3rd and 4th Floor, Kavuri Hills, Jubilee Hills, Hyderabad, TG, IND, 500033
KNR Constructions Ltd is an Indian infrastructure service company. Along with its subsidiary, it is engaged in the infrastructure sector and is undertaking turnkey EPC contracts and BOT & HAM projects on a public-private partnership basis. Group activities are involved in the construction of roads, bridges, flyovers, and irrigation projects. The Company's operations predominantly consist of Construction and Engineering activities. The company operates in India.
76GF Score

Get the complete analysis for NSE:KNRCON

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

₹119.27
Price
₹143.05
GF Value