PSP Projects (NSE:PSPPROJECT) Cyclically Adjusted PB Ratio: (As of Aug. 01, 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:PSPPROJECT PSP Projects Ltd NSE:PSPPROJECT
83 GF Score
Price ₹978.00
GF Value ₹955.71
Valuation Fairly Valued
! 6 Warning Signs
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What is PSP Projects Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Projects  (NSE:PSPPROJECT) 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.


PSP Projects Cyclically Adjusted PB Ratio Related Terms


PSP Projects Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PSP 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.

PSP Projects Cyclically Adjusted PB Ratio Chart

PSP Projects 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 3.51

PSP Projects 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 0.00 0.00 3.51 0.00

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

For the Engineering & Construction subindustry, PSP 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.


PSP Projects Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:PSPPROJECT
83GF Score
PSP Projects Ltd NSE:PSPPROJECT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PSP 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.

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

For example, PSP Projects'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.

PSP Projects Quarterly Data

Book Value per Share CPI Adj_Book
201303 7.388 85.687 14.325
201403 9.665 91.425 17.564
201503 13.034 97.163 22.288
201603 17.596 102.518 28.517
201609 21.457 105.961 33.644
201703 29.074 105.196 45.919
201803 83.726 109.786 126.707
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 102.585 118.202 144.194
201906 0.000 120.880 0.000
201909 112.620 123.175 151.908
201912 0.000 126.235 0.000
202003 126.162 124.705 168.086
202006 0.000 127.000 0.000
202009 129.102 130.118 164.848
202012 0.000 130.889 0.000
202103 148.861 131.771 187.694
202106 0.000 134.084 0.000
202109 161.896 135.847 198.004
202112 0.000 138.161 0.000
202203 190.822 138.822 228.381
202206 0.000 142.347 0.000
202209 199.886 144.661 229.572
202212 0.000 145.763 0.000
202303 222.498 146.865 251.708
202306 0.000 150.280 0.000
202309 241.224 151.492 264.557
202312 0.000 152.924 0.000
202403 254.131 153.035 275.903
202406 0.000 155.789 0.000
202409 302.104 157.882 317.915
202412 0.000 158.323 0.000
202503 304.965 157.552 321.599
202506 0.000 159.755 0.000
202509 309.121 162.289 316.466
202512 0.000 163.281 0.000
202603 318.842 164.272 322.477
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 PSP Projects (NSE:PSPPROJECT) Overvalued in 2026?

Based on GuruFocus' analysis, PSP Projects stock appears to be overvalued. The current stock price of ₹978.00 is trading 2.3% above its estimated GF Value™ of ₹955.71. GuruFocus considers PSP Projects to be Fairly Valued.

Key valuation signals for NSE:PSPPROJECT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹955.71 vs. price of ₹978.00 (2.3% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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


PSP Projects Business Description

Other Exchanges 540544:India
Address Iscon - Ambli Road, PSP House, Opposite Celesta Courtyard, Opposite Lane of Vikram Nagar Colony, Ahmedabad, GJ, IND, 380058
PSP Projects Ltd is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The company operates in a single segment, namely construction project activities. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities. Geographically, it derives revenue from India.
83GF Score

Get the complete analysis for NSE:PSPPROJECT

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

₹978.00
Price
₹955.71
GF Value