Ramco Systems (NSE:RAMCOSYS) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

Author: Vera Yuan 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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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:RAMCOSYS Ramco Systems Ltd NSE:RAMCOSYS
63 GF Score
Price ₹619.90
GF Value ₹469.53
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Ramco Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramco Systems  (NSE:RAMCOSYS) 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.


Ramco Systems Cyclically Adjusted PB Ratio Related Terms


Ramco Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ramco Systems'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.

Ramco Systems Cyclically Adjusted PB Ratio Chart

Ramco Systems 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 1.33 0.93 1.25 1.55 1.71

Ramco Systems 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 2.38 0.00 1.71 0.00

NSE:RAMCOSYS vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Ramco Systems'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.


Ramco Systems Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Ramco Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:RAMCOSYS
63GF Score
Ramco Systems Ltd NSE:RAMCOSYS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ramco Systems 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.

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

For example, Ramco Systems'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.

Ramco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 172.407 105.961 270.332
201612 0.000 105.196 0.000
201703 177.676 105.196 280.620
201706 0.000 107.109 0.000
201709 178.023 109.021 271.302
201712 0.000 109.404 0.000
201803 181.332 109.786 274.419
201806 0.000 111.317 0.000
201809 188.124 115.142 271.456
201812 0.000 115.142 0.000
201903 188.791 118.202 265.365
201906 0.000 120.880 0.000
201909 193.721 123.175 261.302
201912 0.000 126.235 0.000
202003 197.963 124.705 263.747
202006 0.000 127.000 0.000
202009 205.644 130.118 262.583
202012 0.000 130.889 0.000
202103 212.232 131.771 267.597
202106 0.000 134.084 0.000
202109 206.295 135.847 252.306
202112 0.000 138.161 0.000
202203 188.427 138.822 225.514
202206 0.000 142.347 0.000
202209 159.476 144.661 183.161
202212 0.000 145.763 0.000
202303 151.340 146.865 171.208
202306 0.000 150.280 0.000
202309 101.299 151.492 111.097
202312 0.000 152.924 0.000
202403 87.908 153.035 95.439
202406 0.000 155.789 0.000
202409 83.685 157.882 88.065
202412 0.000 158.323 0.000
202503 84.700 157.552 89.320
202506 0.000 159.755 0.000
202509 86.782 162.289 88.844
202512 0.000 163.281 0.000
202603 93.420 164.272 94.485
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 Ramco Systems (NSE:RAMCOSYS) Overvalued in 2026?

Based on GuruFocus' analysis, Ramco Systems stock appears to be overvalued. The current stock price of ₹619.90 is trading 32% above its estimated GF Value™ of ₹469.53. GuruFocus considers Ramco Systems to be Significantly Overvalued.

Key valuation signals for NSE:RAMCOSYS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹469.53 vs. price of ₹619.90 (32% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Ramco Systems Business Description

Other Exchanges 532370:India
Address No. 64, Sardar Patel Road, Taramani, Chennai, TN, IND, 600 113
Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco Decision Works for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, and payroll & logistics software on the cloud. It as only one operating segment which is Software Solutions & Services.
63GF Score

Get the complete analysis for NSE:RAMCOSYS

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

₹619.90
Price
₹469.53
GF Value