RITES (NSE:RITES) Cyclically Adjusted PB Ratio: (As of Aug. 06, 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.

NSE:RITES RITES Ltd NSE:RITES
88 GF Score
Price ₹227.35
GF Value ₹279.49
Valuation Modestly Undervalued
! 5 Warning Signs
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What is RITES Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


RITES  (NSE:RITES) 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.


RITES Cyclically Adjusted PB Ratio Related Terms


RITES Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RITES'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.

RITES Cyclically Adjusted PB Ratio Chart

RITES 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

RITES 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 0.00 0.00

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

For the Engineering & Construction subindustry, RITES'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.


RITES Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:RITES
88GF Score
RITES Ltd NSE:RITES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RITES 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.

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

For example, RITES'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.

RITES Quarterly Data

Book Value per Share CPI Adj_Book
201303 24.716 85.687 47.924
201403 28.503 91.425 51.798
201503 33.523 97.163 57.323
201603 37.692 102.518 61.085
201703 41.025 105.196 64.794
201712 43.440 109.404 65.970
201803 44.272 109.786 66.999
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 48.442 118.202 68.090
201906 0.000 120.880 0.000
201909 53.040 123.175 71.543
201912 0.000 126.235 0.000
202003 52.665 124.705 70.166
202006 0.000 127.000 0.000
202009 54.039 130.118 69.002
202012 0.000 130.889 0.000
202103 49.770 131.771 62.753
202106 0.000 134.084 0.000
202109 51.771 135.847 63.318
202112 0.000 138.161 0.000
202203 51.782 138.822 61.974
202206 0.000 142.347 0.000
202209 53.737 144.661 61.718
202212 0.000 145.763 0.000
202303 54.177 146.865 61.290
202306 0.000 150.280 0.000
202309 53.716 151.492 58.912
202312 0.000 152.924 0.000
202403 54.286 153.035 58.937
202406 0.000 155.789 0.000
202409 53.754 157.882 56.567
202412 0.000 158.323 0.000
202503 54.934 157.552 57.930
202506 0.000 159.755 0.000
202509 54.807 162.289 56.109
202512 0.000 163.281 0.000
202603 55.789 164.272 56.425
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 RITES (NSE:RITES) Overvalued in 2026?

Based on GuruFocus' analysis, RITES stock appears to be undervalued. The current stock price of ₹227.35 is trading 18.7% below its estimated GF Value™ of ₹279.49. GuruFocus considers RITES to be Modestly Undervalued.

Key valuation signals for NSE:RITES:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹279.49 vs. price of ₹227.35 (18.7% below fair value)
  • GF Score™: 88/100 with 5 warning signs

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


RITES Business Description

Other Exchanges 541556:India
Address Plot No. 1, Shikhar, Sector - 29, Gurugram, HR, IND, 122001
RITES Ltd is a multi-disciplinary consultancy organization. The company's operating segment includes Consultancy Services, Leasing of railway rolling stock and equipment, Export of rolling stock, equipment and spares, Turnkey Construction Projects. The firm generates a majority of its revenue from Consultancy services. The firm operates in various sectors such as airports, highways, bridge and tunnel engineering, and industrial engineering among others. Geographically, it derives a majority of its revenue from India.
88GF Score

Get the complete analysis for NSE:RITES

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

₹227.35
Price
₹279.49
GF Value