Swelect Energy Systems (NSE:SWELECTES) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SWELECTES Swelect Energy Systems Ltd NSE:SWELECTES
81 GF Score
Price ₹588.50
GF Value ₹875.51
Valuation Possible Value Trap
! 4 Warning Signs
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What is Swelect Energy Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swelect Energy Systems  (NSE:SWELECTES) 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.


Swelect Energy Systems Cyclically Adjusted PB Ratio Related Terms


Swelect Energy Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Swelect Energy 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.

Swelect Energy Systems Cyclically Adjusted PB Ratio Chart

Swelect Energy 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 0.69 0.45 1.51 0.86 0.79

Swelect Energy Systems 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 1.38 0.00 0.79 0.00

NSE:SWELECTES vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Swelect Energy 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.


Swelect Energy Systems Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Swelect Energy Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:SWELECTES
81GF Score
Swelect Energy Systems Ltd NSE:SWELECTES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swelect Energy 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.

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

For example, Swelect Energy Systems'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.

Swelect Energy Systems Quarterly Data

Book Value per Share CPI Adj_Book
201503 440.307 97.163 758.403
201506 0.000 99.841 0.000
201509 457.551 101.753 752.551
201512 0.000 102.901 0.000
201603 449.915 102.518 734.469
201703 461.923 105.196 734.878
201803 471.539 109.786 718.809
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 478.949 118.202 678.123
201906 0.000 120.880 0.000
201909 480.771 123.175 653.221
201912 0.000 126.235 0.000
202003 474.626 124.705 636.960
202006 0.000 127.000 0.000
202009 489.121 130.118 629.106
202012 0.000 130.889 0.000
202103 489.885 131.771 622.187
202106 0.000 134.084 0.000
202109 490.456 135.847 604.219
202112 0.000 138.161 0.000
202203 511.644 138.822 616.815
202206 0.000 142.347 0.000
202209 520.919 144.661 602.647
202212 0.000 145.763 0.000
202303 519.318 146.865 591.781
202306 0.000 150.280 0.000
202309 533.494 151.492 589.365
202312 0.000 152.924 0.000
202403 552.789 153.035 604.526
202406 0.000 155.789 0.000
202409 564.117 157.882 597.972
202412 0.000 158.323 0.000
202503 565.132 157.552 600.304
202506 0.000 159.755 0.000
202509 589.352 162.289 607.757
202512 0.000 163.281 0.000
202603 607.653 164.272 619.064
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 Swelect Energy Systems (NSE:SWELECTES) Overvalued in 2026?

Based on GuruFocus' analysis, Swelect Energy Systems stock appears to be undervalued. The current stock price of ₹588.50 is trading 32.8% below its estimated GF Value™ of ₹875.51. GuruFocus considers Swelect Energy Systems to be Possible Value Trap.

Key valuation signals for NSE:SWELECTES:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹875.51 vs. price of ₹588.50 (32.8% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Swelect Energy Systems Business Description

Other Exchanges 532051:India
Address No. 5, Sir P.S. Sivasamy Salai, Swelect House, Mylapore, Chennai, TN, IND, 600 004
Swelect Energy Systems Ltd is engaged in the business of manufacturing and trading Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, and others. The company operates under one business segment: Solar and Solar-related activities. Geographically, it derives a majority of its revenue from India.
81GF Score

Get the complete analysis for NSE:SWELECTES

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

₹588.50
Price
₹875.51
GF Value