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Manav infra projectsNSE:MANAV +2.35%82 Cyclically Adjusted PB Ratio is 3.31 as of Aug. 11, 2026, which is 54% above its 10-year median of 2.15. GuruFocus rates NSE:MANAV with a GF Score™ of 82/100 and a GF Value™ of ₹29.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,343 Construction companies, Manav infra projects ranks worse than 81.31% on this metric.
The historical rank and industry rank for Manav infra projects's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:MANAV'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 2.15 Max: 6.43
Current: 3.23
During the past 13 years, Manav infra projects's highest Cyclically Adjusted PB Ratio was 6.43. The lowest was 0.57. And the median was 2.15.
NSE:MANAV's Cyclically Adjusted PB Ratio is ranked worse than 81.31% of 1343
companies
in the Construction industry
Industry Median: 1.17
vs NSE:MANAV: 3.23
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.
Manav infra projects's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹9.221. 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 ₹7.25 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Manav infra projects (NSE:MANAV) 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.
Manav infra projects Cyclically Adjusted PB Ratio Related Terms
Manav infra projects Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Manav infra projects'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.
Manav infra projects Cyclically Adjusted PB Ratio Chart
NSE:MANAV vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison
For the Engineering & Construction subindustry, Manav infra projects'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.
Manav infra projects Cyclically Adjusted PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Manav infra projects's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Manav infra projects's Cyclically Adjusted PB Ratio falls into.
Manav infra projects 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 3.31 mean?
Manav infra projects (NSE:MANAV) has a Cyclically Adjusted PB Ratio of 3.31 as of Aug. 11, 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 Manav infra projects and its competitors. This is 54% above median its historical median of 2.15. Over the past decade, Manav infra projects' Cyclically Adjusted PB Ratio has ranged from 0.57 to 6.43. According to the industry distribution chart, Manav infra projects ranks #1092 out of 1343 companies in the Construction industry, placing it in the top 81.3%.
Is Manav infra projects' Cyclically Adjusted PB Ratio too high?
Manav infra projects' current Cyclically Adjusted PB Ratio of 3.31 is 54% above median its 10-year median of 2.15. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 6.43. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Manav infra projects' value of 3.31 is 182.9% above this industry median. Based on the distribution chart, Manav infra projects ranks #1092 out of 1343 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Manav infra projects has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Manav infra projects ranks #1092 out of 1343 companies for Cyclically Adjusted PB Ratio. This places Manav infra projects in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Manav infra projects' value of 3.31 is 182.9% above this benchmark. Historically, Manav infra projects' own Cyclically Adjusted PB Ratio has ranged from 0.57 to 6.43 over the past decade. While the company's 10-year median is 2.15 vs. the industry median of 1.17, Manav infra projects 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 1.17, based on 1,343 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. Manav infra projects's current Cyclically Adjusted PB Ratio of 3.31 is 182.9% 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 Manav infra projects and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manav infra projects's current Cyclically Adjusted PB Ratio is 3.31, which is 54% above median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manav infra projects stock overvalued right now?
Based on GuruFocus' analysis, Manav infra projects (NSE:MANAV) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹29.24, compared to a current price of ₹24.00 — trading 17.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.31, which is 54% above median its 10-year median of 2.15 and 182.9% above the Construction industry median of 1.17. Manav infra projects' overall GF Score™ is 82/100 with 3 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 Manav infra projects (NSE:MANAV), the current Cyclically Adjusted PB Ratio is 3.31 as of Aug. 11, 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 Manav infra projects (NSE:MANAV) Overvalued in 2026?
Based on GuruFocus' analysis, Manav infra projects stock appears to be undervalued.
The current stock price of ₹24.00 is trading 17.9% below its estimated GF Value™ of ₹29.24.
GuruFocus considers Manav infra projects to be Modestly Undervalued.
Key valuation signals for NSE:MANAV:
Cyclically Adjusted PB Ratio: 3.31 (54% above median its 10-year median of 2.15)
GF Value™: ₹29.24 vs. price of ₹24.00 (17.9% below fair value)
Industry Position: 182.9% above the Construction median (#1092 of 1343)
No single metric tells the full story. See the NSE:MANAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manav infra projects Ltd is s engaged in infrastructure Development, Infrastructure projects, works Contracts, Site preparation and Clearance services to Real estate sector. It involves civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work and others.
82GF Score
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