Rail Vikas Nigam (NSE:RVNL) Cyclically Adjusted PB Ratio: (As of Sep. 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:RVNL Rail Vikas Nigam Ltd NSE:RVNL
67 GF Score
Price ₹208.38
GF Value ₹349.13
Valuation Possible Value Trap
! 6 Warning Signs
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What is Rail Vikas Nigam Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rail Vikas Nigam  (NSE:RVNL) 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.


Rail Vikas Nigam Cyclically Adjusted PB Ratio Related Terms


Rail Vikas Nigam Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rail Vikas Nigam'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.

Rail Vikas Nigam Cyclically Adjusted PB Ratio Chart

Rail Vikas Nigam Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Rail Vikas Nigam 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:RVNL vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Rail Vikas Nigam'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.


Rail Vikas Nigam Cyclically Adjusted PB Ratio vs Construction Industry

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

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


NSE:RVNL
67GF Score
Rail Vikas Nigam Ltd NSE:RVNL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rail Vikas Nigam 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.

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

For example, Rail Vikas Nigam'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Rail Vikas Nigam Quarterly Data

Book Value per Share CPI Adj_Book
201303 11.640 85.687 22.734
201403 12.238 91.425 22.402
201503 14.679 97.163 25.284
201603 16.414 102.518 26.795
201703 17.088 105.196 27.185
201709 18.117 109.021 27.811
201803 18.820 109.786 28.689
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 21.082 118.202 29.849
201906 0.000 120.880 0.000
201909 22.880 123.175 31.087
201912 0.000 126.235 0.000
202003 24.552 124.705 32.949
202006 0.000 127.000 0.000
202009 26.113 130.118 33.586
202012 0.000 130.889 0.000
202103 27.031 131.771 34.331
202106 0.000 134.084 0.000
202109 29.151 135.847 35.913
202112 0.000 138.161 0.000
202203 30.334 138.822 36.569
202206 0.000 142.347 0.000
202209 33.684 144.661 38.969
202212 0.000 145.763 0.000
202303 34.754 146.865 39.603
202306 0.000 150.280 0.000
202309 37.929 151.492 41.901
202312 0.000 152.924 0.000
202403 41.831 153.035 45.746
202406 0.000 155.789 0.000
202409 42.166 157.882 44.697
202412 0.000 158.323 0.000
202503 45.902 157.552 48.759
202506 0.000 159.755 0.000
202509 45.841 162.289 47.273
202512 0.000 163.281 0.000
202603 47.107 164.272 47.992
202606 0.000 167.357 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 Rail Vikas Nigam (NSE:RVNL) Overvalued in 2026?

Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued. The current stock price of ₹208.38 is trading 40.3% below its estimated GF Value™ of ₹349.13. GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.

Key valuation signals for NSE:RVNL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹349.13 vs. price of ₹208.38 (40.3% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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


Rail Vikas Nigam Business Description

Other Exchanges 542649:India
Address August Kranti Bhawan, Block B, Plot No. 25, 1st Floor, Bhikaji Cama Place, R.K. Puram, New Delhi, IND, 110066
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
67GF Score

Get the complete analysis for NSE:RVNL

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

₹208.38
Price
₹349.13
GF Value