Punj Lloyd (NSE:PUNJLLOYD) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

What is Punj Lloyd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Punj Lloyd  (NSE:PUNJLLOYD) 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.


Punj Lloyd Cyclically Adjusted PB Ratio Related Terms


Punj Lloyd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Punj Lloyd'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.

Punj Lloyd Cyclically Adjusted PB Ratio Chart

Punj Lloyd 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 0.00

Punj Lloyd Semi-Annual Data
Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 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 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 0.00 0.00

NSE:PUNJLLOYD vs SFHI: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Punj Lloyd'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.


Punj Lloyd Cyclically Adjusted PB Ratio vs Construction Industry

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

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



Punj Lloyd 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.

Punj Lloyd's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Punj Lloyd's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=-27.263/164.2724*164.2724
=-27.263

Current CPI (Mar26) = 164.2724.

Punj Lloyd Annual Data

Book Value per Share CPI Adj_Book
201703 -54.655 105.196 -85.348
201803 -60.519 109.786 -90.554
201903 -401.136 118.202 -557.482
202003 -417.981 124.705 -550.601
202103 -468.192 131.771 -583.674
202203 -518.204 138.822 -613.208
202303 -512.032 146.865 -572.723
202403 -531.538 153.035 -570.571
202503 -525.584 157.552 -548.004
202603 -27.263 164.272 -27.263

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.


Punj Lloyd Business Description

Address NBCC Plaza, Sector 5, Plate No. 2, Second Floor, Tower No. 2, Pushp Vihar, Saket, New Delhi, Delhi, IND, 110017
Punj Lloyd Ltd is an engineering, procurement, and construction company operating across energy, infrastructure, and defense sectors. The company provides services including building pipelines, tanks, process facilities, transportation infrastructure, and specialized defense manufacturing. Its operations span multiple regions, including the Middle East, Africa, Asia Pacific, South Asia, and Europe. Punj Lloyd generates revenue by providing contracting services across the sectors, serving both domestic and international clients.