Transport of India (NSE:TCI) Cyclically Adjusted PB Ratio: (As of Aug. 07, 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:TCI Transport Corp of India Ltd NSE:TCI
86 GF Score
Price ₹916.35
GF Value ₹1,170.83
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Transport of India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Transport of India  (NSE:TCI) 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.


Transport of India Cyclically Adjusted PB Ratio Related Terms


Transport of India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transport of India'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.

Transport of India Cyclically Adjusted PB Ratio Chart

Transport of India 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 6.66 4.70

Transport of India 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 6.50 0.00 4.70 0.00

NSE:TCI vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Transport of India'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.


Transport of India Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Transport of India's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:TCI
86GF Score
Transport Corp of India Ltd NSE:TCI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Transport of India 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.

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

For example, Transport of India'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.

Transport of India Quarterly Data

Book Value per Share CPI Adj_Book
201203 52.020 76.889 112.408
201303 60.004 85.687 116.347
201403 67.308 91.425 122.318
201503 84.193 97.163 143.967
201603 75.582 102.518 122.491
201703 84.433 105.196 133.353
201803 99.478 109.786 150.545
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 116.350 118.202 163.542
201906 0.000 120.880 0.000
201909 126.168 123.175 170.183
201912 0.000 126.235 0.000
202003 133.273 124.705 177.560
202006 0.000 127.000 0.000
202009 138.745 130.118 177.161
202012 0.000 130.889 0.000
202103 151.713 131.771 191.290
202106 0.000 134.084 0.000
202109 166.826 135.847 204.034
202112 0.000 138.161 0.000
202203 184.962 138.822 221.367
202206 0.000 142.347 0.000
202209 202.795 144.661 232.913
202212 0.000 145.763 0.000
202303 219.407 146.865 248.211
202306 0.000 150.280 0.000
202309 239.586 151.492 262.760
202312 0.000 152.924 0.000
202403 257.746 153.035 279.828
202406 0.000 155.789 0.000
202409 260.899 157.882 274.554
202412 0.000 158.323 0.000
202503 281.266 157.552 296.608
202506 0.000 159.755 0.000
202509 311.694 162.289 319.100
202512 0.000 163.281 0.000
202603 334.357 164.272 338.169
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 Transport of India (NSE:TCI) Overvalued in 2026?

Based on GuruFocus' analysis, Transport of India stock appears to be undervalued. The current stock price of ₹916.35 is trading 21.7% below its estimated GF Value™ of ₹1,170.83. GuruFocus considers Transport of India to be Modestly Undervalued.

Key valuation signals for NSE:TCI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,170.83 vs. price of ₹916.35 (21.7% below fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Transport of India Business Description

Other Exchanges 532349:India
Address TCI House, 69 Institutional Area, Sector-32, Gurugram, HR, IND, 122001
Transport Corp of India Ltd is an integrated logistics and supply chain solutions provider. The company's operating segment includes Freight, Supply Chain Solutions, Seaways, and Energy. It generates maximum revenue from the Freight Division segment. The Company derives revenues from the business of freight, logistics services (comprising of supply chain management, warehousing, and allied services), and the sale of power. Geographically, it operates only in India.
86GF Score

Get the complete analysis for NSE:TCI

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

₹916.35
Price
₹1,170.83
GF Value