Sobha (NSE:SOBHA) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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:SOBHA Sobha Ltd NSE:SOBHA
86 GF Score
Price ₹1,308.30
GF Value ₹1,895.83
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Sobha Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sobha  (NSE:SOBHA) 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.


Sobha Cyclically Adjusted PB Ratio Related Terms


Sobha Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sobha'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.

Sobha Cyclically Adjusted PB Ratio Chart

Sobha 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 2.27 1.34 4.43 3.76 3.47

Sobha 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 4.57 0.00 3.47 0.00

Sobha Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Sobha'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.


Sobha Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sobha's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SOBHA
86GF Score
Sobha Ltd NSE:SOBHA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sobha 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.

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

For example, Sobha'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.

Sobha Quarterly Data

Book Value per Share CPI Adj_Book
201609 258.542 105.961 408.347
201612 0.000 105.196 0.000
201703 267.324 105.196 425.288
201706 0.000 107.109 0.000
201709 274.231 109.021 420.968
201712 277.595 109.404 424.643
201803 284.311 109.786 433.401
201806 212.101 111.317 318.880
201809 210.038 115.142 305.288
201812 217.182 115.142 315.671
201903 228.800 118.202 323.948
201906 238.140 120.880 329.703
201909 236.775 123.175 321.705
201912 244.329 126.235 323.921
202003 249.543 124.705 334.893
202006 0.000 127.000 0.000
202009 245.150 130.118 315.311
202012 247.295 130.889 316.196
202103 249.188 131.771 316.485
202106 250.344 134.084 312.467
202109 251.617 135.847 309.981
202112 0.000 138.161 0.000
202203 248.693 138.822 299.813
202206 0.000 142.347 0.000
202209 250.488 144.661 289.788
202212 0.000 145.763 0.000
202303 256.058 146.865 291.787
202306 0.000 150.280 0.000
202309 255.747 151.492 282.531
202312 0.000 152.924 0.000
202403 258.050 153.035 282.201
202406 0.000 155.789 0.000
202409 327.817 157.882 347.491
202412 0.000 158.323 0.000
202503 426.399 157.552 452.937
202506 0.000 159.755 0.000
202509 431.114 162.289 444.577
202512 0.000 163.281 0.000
202603 441.305 164.272 449.592
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 Sobha (NSE:SOBHA) Overvalued in 2026?

Based on GuruFocus' analysis, Sobha stock appears to be undervalued. The current stock price of ₹1,308.30 is trading 31% below its estimated GF Value™ of ₹1,895.83. GuruFocus considers Sobha to be Possible Value Trap.

Key valuation signals for NSE:SOBHA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,895.83 vs. price of ₹1,308.30 (31% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Sobha Business Description

Other Exchanges 532784:India
Address Sarjapur - Marathahalli, Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru, KA, IND, 560103
Sobha Ltd is engaged in the real estate business. The company is engaged in the development and construction of properties. The company is operating in two segments: The Real estate segment and the Contractual and manufacturing segment. The Real Estate segment (RE) is into the development, sale, management, and operation of all or any part of townships, and housing projects, also includes leasing of self-owned commercial premises. The Contractual and Manufacturing Segment (CM) is into the development of commercial premises and other related activities, also including manufacturing activities related to interiors, glazing, metal works, and concrete products. It generates maximum revenue from the Real Estate segment.
86GF Score

Get the complete analysis for NSE:SOBHA

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

₹1,308.30
Price
₹1,895.83
GF Value