MPDL (NSE:MPDL) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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.
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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:MPDL MPDL Ltd NSE:MPDL
41 GF Score
Price ₹28.60
GF Value ₹109.82
Valuation Possible Value Trap
! 4 Warning Signs
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What is MPDL Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


MPDL  (NSE:MPDL) 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.


MPDL Cyclically Adjusted PB Ratio Related Terms


MPDL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MPDL'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.

MPDL Cyclically Adjusted PB Ratio Chart

MPDL 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 0.17 0.38 0.41 0.26

MPDL 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 0.41 0.00 0.32 0.00 0.26

NSE:MPDL vs : Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Development subindustry, MPDL'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.


MPDL Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, MPDL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:MPDL
41GF Score
MPDL Ltd NSE:MPDL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MPDL 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.

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

For example, MPDL'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)
=121.976/330.2130*330.2130
=121.976

Current CPI (Mar. 2026) = 330.2130.

MPDL Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 238.638 0.000
201509 75.975 237.945 105.436
201512 0.000 236.525 0.000
201603 77.500 238.132 107.468
201606 0.000 241.018 0.000
201609 76.341 241.428 104.415
201703 79.371 243.801 107.503
201803 79.858 249.554 105.669
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 77.064 254.202 100.108
201906 0.000 256.143 0.000
201909 75.674 256.759 97.323
201912 0.000 256.974 0.000
202003 74.277 258.115 95.024
202006 0.000 257.797 0.000
202009 73.845 260.280 93.686
202012 0.000 260.474 0.000
202103 73.443 264.877 91.559
202106 0.000 271.696 0.000
202109 119.667 274.310 144.055
202112 0.000 278.802 0.000
202203 117.526 287.504 134.985
202206 0.000 296.311 0.000
202209 113.547 296.808 126.326
202212 0.000 296.797 0.000
202303 155.515 301.836 170.136
202306 0.000 305.109 0.000
202309 142.580 307.789 152.968
202312 0.000 306.746 0.000
202403 137.762 312.332 145.649
202406 0.000 314.175 0.000
202409 135.532 315.301 141.942
202412 0.000 315.605 0.000
202503 132.466 319.799 136.780
202506 0.000 322.561 0.000
202509 127.510 324.800 129.635
202512 0.000 324.054 0.000
202603 121.976 330.213 121.976

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 MPDL (NSE:MPDL) Overvalued in 2026?

Based on GuruFocus' analysis, MPDL stock appears to be undervalued. The current stock price of ₹28.60 is trading 74% below its estimated GF Value™ of ₹109.82. GuruFocus considers MPDL to be Possible Value Trap.

Key valuation signals for NSE:MPDL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹109.82 vs. price of ₹28.60 (74% below fair value)
  • GF Score™: 41/100 with 4 warning signs

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


MPDL Business Description

Comparable Companies
Other Exchanges 532723:India
Address Golf Course Extension, Sector - 58, Unit No 12, Ground Floor, Magnum Tower 1, Gurugram, HR, IND, 122011
MPDL Ltd is a real estate company engaged in the construction business and other real estate activities. It constructs and sells residential, commercial, and retail properties. The firm generates a majority of its revenue from the sale of commercial areas. Geographically, the company generates all its revenue within India.
41GF Score

Get the complete analysis for NSE:MPDL

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

₹28.60
Price
₹109.82
GF Value