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Solex EnergyNSE:SOLEX +0.51%81 Cyclically Adjusted PB Ratio is 13.40 as of Jul. 26, 2026, which is 31% below its 10-year median of 19.55. GuruFocus rates NSE:SOLEX with a GF Score™ of 81/100 and a GF Value™ of ₹4,023.32 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 735 Semiconductors companies, Solex Energy ranks worse than 88.03% on this metric.
The historical rank and industry rank for Solex Energy's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:SOLEX'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.4 Med: 19.55 Max: 36.65
Current: 13.4
During the past 12 years, Solex Energy's highest Cyclically Adjusted PB Ratio was 36.65. The lowest was 13.40. And the median was 19.55.
NSE:SOLEX's Cyclically Adjusted PB Ratio is ranked worse than 88.03% of 735
companies
in the Semiconductors industry
Industry Median: 3.15
vs NSE:SOLEX: 13.40
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.
Solex Energy's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹234.170. 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 ₹69.98 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Solex Energy (NSE:SOLEX) 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.
Solex Energy Cyclically Adjusted PB Ratio Related Terms
Solex Energy Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Solex Energy'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.
NSE:SOLEX vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison
For the Solar subindustry, Solex Energy'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.
Solex Energy Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solex Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Solex Energy's Cyclically Adjusted PB Ratio falls into.
Solex Energy 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.
Solex Energy's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 13.40 mean?
Solex Energy (NSE:SOLEX) has a Cyclically Adjusted PB Ratio of 13.40 as of Jul. 26, 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 Solex Energy and its competitors. This is 31% below median its historical median of 19.55. Over the past decade, Solex Energy's Cyclically Adjusted PB Ratio has ranged from 13.40 to 36.65. According to the industry distribution chart, Solex Energy ranks #647 out of 735 companies in the Semiconductors industry, placing it in the top 88%.
Is Solex Energy's Cyclically Adjusted PB Ratio too high?
Solex Energy's current Cyclically Adjusted PB Ratio of 13.40 is 31% below median its 10-year median of 19.55. Over the past 10 years, this metric has ranged from a low of 13.40 to a high of 36.65. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.15. Solex Energy's value of 13.40 is 325.4% above this industry median. Based on the distribution chart, Solex Energy ranks #647 out of 735 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Solex Energy has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solex Energy's Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solex Energy ranks #647 out of 735 companies for Cyclically Adjusted PB Ratio. This places Solex Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.15. Solex Energy's value of 13.40 is 325.4% above this benchmark. Historically, Solex Energy's own Cyclically Adjusted PB Ratio has ranged from 13.40 to 36.65 over the past decade. While the company's 10-year median is 19.55 vs. the industry median of 3.15, Solex Energy 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.15, based on 735 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. Solex Energy's current Cyclically Adjusted PB Ratio of 13.40 is 325.4% 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 Solex Energy and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solex Energy's current Cyclically Adjusted PB Ratio is 13.40, which is 31% below median its own 10-year median of 19.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solex Energy stock overvalued right now?
Based on GuruFocus' analysis, Solex Energy (NSE:SOLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹4,023.32, compared to a current price of ₹938.00 — trading 76.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.40, which is 31% below median its 10-year median of 19.55 and 325.4% above the Semiconductors industry median of 3.15. Solex Energy's overall GF Score™ is 81/100 with 3 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 Solex Energy (NSE:SOLEX), the current Cyclically Adjusted PB Ratio is 13.40 as of Jul. 26, 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 Solex Energy (NSE:SOLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Solex Energy stock appears to be undervalued.
The current stock price of ₹938.00 is trading 76.7% below its estimated GF Value™ of ₹4,023.32.
GuruFocus considers Solex Energy to be Possible Value Trap.
Key valuation signals for NSE:SOLEX:
Cyclically Adjusted PB Ratio: 13.40 (31% below median its 10-year median of 19.55)
GF Value™: ₹4,023.32 vs. price of ₹938.00 (76.7% below fair value)
Industry Position: 325.4% above the Semiconductors median (#647 of 735)
No single metric tells the full story. See the NSE:SOLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solex Energy Ltd is a manufacturer of solar photovoltaic modules and is also engaged in the business of Engineering, Procurement, and Construction (EPC) in the solar energy market, where the manufactured modules are utilized. Its products are Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.
81GF Score
Get the complete analysis for NSE:SOLEX
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