NBCC India (NSE:NBCC) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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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Charlie Tian
Charlie Tian
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:NBCC NBCC India Ltd NSE:NBCC
85 GF Score
Price ₹92.17
GF Value ₹110.20
Valuation Modestly Undervalued
! 4 Warning Signs
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What is NBCC India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NBCC India  (NSE:NBCC) 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.


NBCC India Cyclically Adjusted PB Ratio Related Terms


NBCC India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NBCC India'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.

NBCC India Cyclically Adjusted PB Ratio Chart

NBCC India 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 3.57 3.24 10.33 10.20 9.08

NBCC India 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 12.84 0.00 9.08 0.00

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

For the Engineering & Construction subindustry, NBCC India'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.


NBCC India Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:NBCC
85GF Score
NBCC India Ltd NSE:NBCC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NBCC India 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.

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

For example, NBCC India'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

NBCC India Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.752 105.961 9.019
201612 0.000 105.196 0.000
201703 6.273 105.196 9.908
201706 0.000 107.109 0.000
201709 6.737 109.021 10.267
201712 0.000 109.404 0.000
201803 7.653 109.786 11.582
201806 0.000 111.317 0.000
201809 5.060 115.142 7.301
201812 0.000 115.142 0.000
201903 5.587 118.202 7.853
201906 0.000 120.880 0.000
201909 4.881 123.175 6.584
201912 0.000 126.235 0.000
202003 5.379 124.705 7.166
202006 0.000 127.000 0.000
202009 5.551 130.118 7.088
202012 0.000 130.889 0.000
202103 6.086 131.771 7.674
202106 0.000 134.084 0.000
202109 6.150 135.847 7.522
202112 0.000 138.161 0.000
202203 6.547 138.822 7.836
202206 0.000 142.347 0.000
202209 6.547 144.661 7.519
202212 0.000 145.763 0.000
202303 7.202 146.865 8.147
202306 0.000 150.280 0.000
202309 7.397 151.492 8.112
202312 0.000 152.924 0.000
202403 8.243 153.035 8.949
202406 0.000 155.789 0.000
202409 8.661 157.882 9.114
202412 0.000 158.323 0.000
202503 9.182 157.552 9.683
202506 0.000 159.755 0.000
202509 9.893 162.289 10.128
202512 0.000 163.281 0.000
202603 11.175 164.272 11.302
202606 0.000 166.145 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 NBCC India (NSE:NBCC) Overvalued in 2026?

Based on GuruFocus' analysis, NBCC India stock appears to be undervalued. The current stock price of ₹92.17 is trading 16.4% below its estimated GF Value™ of ₹110.20. GuruFocus considers NBCC India to be Modestly Undervalued.

Key valuation signals for NSE:NBCC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹110.20 vs. price of ₹92.17 (16.4% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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


NBCC India Business Description

Other Exchanges 534309:India
Address Lodhi Road, NBCC Bhawan, New Delhi, IND, 110003
NBCC India Ltd is engaged in the urban and regional development sector. The operating segment includes Project Management Consultancy which offers management and consultancy services for civil construction projects, Real Estate Development which focuses on residential and commercial projects and Engineering Procurement, and Construction segment which covers chimneys, cooling towers, roads, water and sewage treatment plants. Business activity of the company functions through India and it derives the majority of its revenue from Project Management Consultancy segment.
85GF Score

Get the complete analysis for NSE:NBCC

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

₹92.17
Price
₹110.20
GF Value