Ramco Systems (NSE:RAMCOSYS) Cyclically Adjusted PB Ratio: 3.96 (As of Jul. 04, 2026) — 111% Above Median


NSE:RAMCOSYS Ramco Systems Ltd NSE:RAMCOSYS
56 GF Score
Price ₹799.60
GF Value ₹459.87
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Ramco Systems Cyclically Adjusted PB Ratio?

Ramco Systems NSE:RAMCOSYS +0.40% 56 Cyclically Adjusted PB Ratio is 3.96 as of Jul. 04, 2026, which is 111% above its 10-year median of 1.88. GuruFocus rates NSE:RAMCOSYS with a GF Score™ of 56/100 and a GF Value™ of ₹459.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,597 Software companies, Ramco Systems ranks worse than 64.68% on this metric.

As of today (2026-07-04), Ramco Systems's current share price is ₹799.60. Ramco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹201.75. Ramco Systems's Cyclically Adjusted PB Ratio for today is 3.96.

The historical rank and industry rank for Ramco Systems's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:RAMCOSYS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.88   Max: 3.96
Current: 3.96

During the past years, Ramco Systems's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.93. And the median was 1.88.

NSE:RAMCOSYS's Cyclically Adjusted PB Ratio is ranked worse than
64.68% of 1597 companies
in the Software industry
Industry Median: 2.26 vs NSE:RAMCOSYS: 3.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ramco Systems's adjusted book value per share data for the three months ended in Mar. 2026 was ₹93.420. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹201.75 for the trailing ten years ended in Mar. 2026.

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
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 1.55 0.00 2.38 0.00 1.71

NSE:RAMCOSYS vs UBER, SHOP, CRM: 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
56GF Score
Ramco Systems Ltd NSE:RAMCOSYS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=799.60/201.75
=3.96

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

For example, Ramco Systems'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)
=93.42/164.2724*164.2724
=93.420

Current CPI (Mar. 2026) = 164.2724.

Ramco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 172.407 105.961 267.284
201612 0.000 105.196 0.000
201703 177.676 105.196 277.456
201706 0.000 107.109 0.000
201709 178.023 109.021 268.243
201712 0.000 109.404 0.000
201803 181.332 109.786 271.325
201806 0.000 111.317 0.000
201809 188.124 115.142 268.396
201812 0.000 115.142 0.000
201903 188.791 118.202 262.374
201906 0.000 120.880 0.000
201909 193.721 123.175 258.356
201912 0.000 126.235 0.000
202003 197.963 124.705 260.774
202006 0.000 127.000 0.000
202009 205.644 130.118 259.623
202012 0.000 130.889 0.000
202103 212.232 131.771 264.580
202106 0.000 134.084 0.000
202109 206.295 135.847 249.461
202112 0.000 138.161 0.000
202203 188.427 138.822 222.972
202206 0.000 142.347 0.000
202209 159.476 144.661 181.096
202212 0.000 145.763 0.000
202303 151.340 146.865 169.278
202306 0.000 150.280 0.000
202309 101.299 151.492 109.845
202312 0.000 152.924 0.000
202403 87.908 153.035 94.363
202406 0.000 155.789 0.000
202409 83.685 157.882 87.072
202412 0.000 158.323 0.000
202503 84.700 157.552 88.313
202506 0.000 159.755 0.000
202509 86.782 162.289 87.842
202512 0.000 163.281 0.000
202603 93.420 164.272 93.420

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.

What does a Cyclically Adjusted PB Ratio of 3.96 mean?
Ramco Systems (NSE:RAMCOSYS) has a Cyclically Adjusted PB Ratio of 3.96 as of Jul. 04, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ramco Systems and its competitors. This is 111% above median its historical median of 1.88. Over the past decade, Ramco Systems' Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96. According to the industry distribution chart, Ramco Systems ranks #1033 out of 1597 companies in the Software industry, placing it in the top 64.7%.
Is Ramco Systems' Cyclically Adjusted PB Ratio too high?
Ramco Systems' current Cyclically Adjusted PB Ratio of 3.96 is 111% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.96. The Software industry median Cyclically Adjusted PB Ratio is 2.26. Ramco Systems' value of 3.96 is 75.2% above this industry median. Based on the distribution chart, Ramco Systems ranks #1033 out of 1597 companies in the Software industry, which is below the industry midpoint. Overall, Ramco Systems has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramco Systems' Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Ramco Systems ranks #1033 out of 1597 companies for Cyclically Adjusted PB Ratio. This places Ramco Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Ramco Systems' value of 3.96 is 75.2% above this benchmark. Historically, Ramco Systems' own Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 2.26, Ramco Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,597 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramco Systems's current Cyclically Adjusted PB Ratio of 3.96 is 75.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ramco Systems and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Systems's current Cyclically Adjusted PB Ratio is 3.96, which is 111% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Systems stock overvalued right now?
Based on GuruFocus' analysis, Ramco Systems (NSE:RAMCOSYS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹459.87, compared to a current price of ₹799.60 — trading 73.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.96, which is 111% above median its 10-year median of 1.88 and 75.2% above the Software industry median of 2.26. Ramco Systems' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ramco Systems (NSE:RAMCOSYS), the current Cyclically Adjusted PB Ratio is 3.96 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ramco Systems (NSE:RAMCOSYS) Overvalued in 2026?

Based on GuruFocus' analysis, Ramco Systems stock appears to be overvalued. The current stock price of ₹799.60 is trading 73.9% above its estimated GF Value™ of ₹459.87. GuruFocus considers Ramco Systems to be Significantly Overvalued.

Key valuation signals for NSE:RAMCOSYS:

  • Cyclically Adjusted PB Ratio: 3.96 (111% above median its 10-year median of 1.88)
  • GF Value™: ₹459.87 vs. price of ₹799.60 (73.9% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 75.2% above the Software median (#1033 of 1597)

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.
56GF 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.

₹799.60
Price
₹459.87
GF Value