Kalpataru Projects International (NSE:KPIL) Cyclically Adjusted PB Ratio: 4.24 (As of Aug. 01, 2026) — Near Median

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NSE:KPIL Kalpataru Projects International Ltd NSE:KPIL
88 GF Score
Price ₹1,289.60
GF Value ₹1,342.64
Valuation Fairly Valued
! 7 Warning Signs
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What is Kalpataru Projects International Cyclically Adjusted PB Ratio?

Kalpataru Projects International NSE:KPIL +0.54% 88 Cyclically Adjusted PB Ratio is 4.24 as of Aug. 01, 2026, which is 3% below its 10-year median of 4.35. GuruFocus rates NSE:KPIL with a GF Score™ of 88/100 and a GF Value™ of ₹1,342.64 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,349 Construction companies, Kalpataru Projects International ranks worse than 87.1% on this metric.

As of today (2026-08-01), Kalpataru Projects International's current share price is ₹1289.60. Kalpataru Projects International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹304.42. Kalpataru Projects International's Cyclically Adjusted PB Ratio for today is 4.24.

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

NSE:KPIL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.41   Med: 4.35   Max: 5.56
Current: 4.28

During the past years, Kalpataru Projects International's highest Cyclically Adjusted PB Ratio was 5.56. The lowest was 3.41. And the median was 4.35.

NSE:KPIL's Cyclically Adjusted PB Ratio is ranked worse than
87.1% of 1349 companies
in the Construction industry
Industry Median: 1.15 vs NSE:KPIL: 4.28

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.

Kalpataru Projects International's adjusted book value per share data for the three months ended in Mar. 2026 was ₹455.374. 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 ₹304.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kalpataru Projects International  (NSE:KPIL) 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.


Kalpataru Projects International Cyclically Adjusted PB Ratio Related Terms


Kalpataru Projects International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kalpataru Projects International'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.

Kalpataru Projects International Cyclically Adjusted PB Ratio Chart

Kalpataru Projects International 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 3.70 3.47

Kalpataru Projects International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.70 0.00 4.40 0.00 3.47

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

For the Engineering & Construction subindustry, Kalpataru Projects International'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.


Kalpataru Projects International Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:KPIL
88GF Score
Kalpataru Projects International Ltd NSE:KPIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kalpataru Projects International 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.

Kalpataru Projects International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1289.60/304.42
=4.24

* 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.

Kalpataru Projects International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kalpataru Projects International's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=455.374/164.2724*164.2724
=455.374

Current CPI (Mar. 2026) = 164.2724.

Kalpataru Projects International Quarterly Data

Book Value per Share CPI Adj_Book
201103 107.194 70.768 248.827
201203 120.643 76.889 257.753
201303 126.890 85.687 243.264
201403 136.786 91.425 245.777
201503 142.548 97.163 241.005
201603 146.440 102.518 234.651
201703 157.829 105.196 246.463
201803 174.208 109.786 260.666
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 203.274 118.202 282.502
201906 0.000 120.880 0.000
201909 211.680 123.175 282.307
201912 0.000 126.235 0.000
202003 217.071 124.705 285.945
202006 0.000 127.000 0.000
202009 233.297 130.118 294.535
202012 0.000 130.889 0.000
202103 251.059 131.771 312.984
202106 0.000 134.084 0.000
202109 261.032 135.847 315.652
202112 0.000 138.161 0.000
202203 287.328 138.822 340.005
202206 0.000 142.347 0.000
202209 283.797 144.661 322.271
202212 0.000 145.763 0.000
202303 290.596 146.865 325.040
202306 0.000 150.280 0.000
202309 297.576 151.492 322.681
202312 0.000 152.924 0.000
202403 316.289 153.035 339.515
202406 0.000 155.789 0.000
202409 319.725 157.882 332.666
202412 0.000 158.323 0.000
202503 381.403 157.552 397.673
202506 0.000 159.755 0.000
202509 407.679 162.289 412.661
202512 0.000 163.281 0.000
202603 455.374 164.272 455.374

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.

What does a Cyclically Adjusted PB Ratio of 4.24 mean?
Kalpataru Projects International (NSE:KPIL) has a Cyclically Adjusted PB Ratio of 4.24 as of Aug. 01, 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 Kalpataru Projects International and its competitors. This is near median its historical median of 4.35. Over the past decade, Kalpataru Projects International's Cyclically Adjusted PB Ratio has ranged from 3.41 to 5.56. According to the industry distribution chart, Kalpataru Projects International ranks #1175 out of 1349 companies in the Construction industry, placing it in the top 87.1%.
Is Kalpataru Projects International's Cyclically Adjusted PB Ratio too high?
Kalpataru Projects International's current Cyclically Adjusted PB Ratio of 4.24 is near median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 5.56. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. Kalpataru Projects International's value of 4.24 is 268.7% above this industry median. Based on the distribution chart, Kalpataru Projects International ranks #1175 out of 1349 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kalpataru Projects International has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kalpataru Projects International's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kalpataru Projects International ranks #1175 out of 1349 companies for Cyclically Adjusted PB Ratio. This places Kalpataru Projects International in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Kalpataru Projects International's value of 4.24 is 268.7% above this benchmark. Historically, Kalpataru Projects International's own Cyclically Adjusted PB Ratio has ranged from 3.41 to 5.56 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 1.15, Kalpataru Projects International 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,349 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. Kalpataru Projects International's current Cyclically Adjusted PB Ratio of 4.24 is 268.7% 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 Kalpataru Projects International and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalpataru Projects International's current Cyclically Adjusted PB Ratio is 4.24, which is near median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalpataru Projects International stock overvalued right now?
Based on GuruFocus' analysis, Kalpataru Projects International (NSE:KPIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,342.64, compared to a current price of ₹1,289.60 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.24, which is near median its 10-year median of 4.35 and 268.7% above the Construction industry median of 1.15. Kalpataru Projects International's overall GF Score™ is 88/100 with 7 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 Kalpataru Projects International (NSE:KPIL), the current Cyclically Adjusted PB Ratio is 4.24 as of Aug. 01, 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 Kalpataru Projects International (NSE:KPIL) Overvalued in 2026?

Based on GuruFocus' analysis, Kalpataru Projects International stock appears to be undervalued. The current stock price of ₹1,289.60 is trading 4% below its estimated GF Value™ of ₹1,342.64. GuruFocus considers Kalpataru Projects International to be Fairly Valued.

Key valuation signals for NSE:KPIL:

  • Cyclically Adjusted PB Ratio: 4.24 (near median its 10-year median of 4.35)
  • GF Value™: ₹1,342.64 vs. price of ₹1,289.60 (4% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 268.7% above the Construction median (#1175 of 1349)

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


Kalpataru Projects International Business Description

Other Exchanges 522287:India
Address Kalpataru Synergy, 7th Floor, Opposite Grand Hyatt Hotel, Vakola, Santa Cruz (East), Mumbai, MH, IND, 400055
Kalpataru Projects International Ltd is a construction company headquartered in India, with activities in the power transmission and infrastructure space. Kalpataru is organized into two operating units: Engineering, Procurement and Construction, or EPC, and Developmental Project businesses. In its EPC business, Kalpataru undertakes infrastructure projects, including power transmission and distribution, civil construction, and the placement of oil and gas pipelines. The EPC operating unit generates the majority of the company's revenue. The firm's developmental project business consists of developing, operating, and maintaining infrastructure projects.
88GF Score

Get the complete analysis for NSE:KPIL

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

₹1,289.60
Price
₹1,342.64
GF Value