Techno Electric & Engineering Co (NSE:TECHNOE) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:TECHNOE Techno Electric & Engineering Co Ltd NSE:TECHNOE
82 GF Score
Price ₹973.65
GF Value ₹1,944.34
Valuation Possible Value Trap
! 4 Warning Signs
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What is Techno Electric & Engineering Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Techno Electric & Engineering Co  (NSE:TECHNOE) 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.


Techno Electric & Engineering Co Cyclically Adjusted PB Ratio Related Terms


Techno Electric & Engineering Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Techno Electric & Engineering Co'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.

Techno Electric & Engineering Co Cyclically Adjusted PB Ratio Chart

Techno Electric & Engineering Co 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 1.86 2.36 4.95 5.60 4.73

Techno Electric & Engineering Co 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 6.85 0.00 4.73 0.00

NSE:TECHNOE vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Techno Electric & Engineering Co'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.


Techno Electric & Engineering Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Techno Electric & Engineering Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Techno Electric & Engineering Co's Cyclically Adjusted PB Ratio falls into.


NSE:TECHNOE
82GF Score
Techno Electric & Engineering Co Ltd NSE:TECHNOE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techno Electric & Engineering Co 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.

Techno Electric & Engineering Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Techno Electric & Engineering Co'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.

Techno Electric & Engineering Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 88.611 105.961 139.954
201612 0.000 105.196 0.000
201703 57.964 105.196 92.215
201706 0.000 107.109 0.000
201709 104.361 109.021 160.203
201712 0.000 109.404 0.000
201803 109.321 109.786 166.648
201806 0.000 111.317 0.000
201809 119.180 115.142 173.227
201812 0.000 115.142 0.000
201903 126.571 118.202 179.206
201906 0.000 120.880 0.000
201909 132.876 123.175 180.538
201912 0.000 126.235 0.000
202003 136.043 124.705 182.573
202006 0.000 127.000 0.000
202009 146.696 130.118 188.680
202012 0.000 130.889 0.000
202103 146.931 131.771 186.612
202106 0.000 134.084 0.000
202109 152.859 135.847 188.315
202112 0.000 138.161 0.000
202203 166.975 138.822 201.298
202206 0.000 142.347 0.000
202209 175.349 144.661 202.860
202212 0.000 145.763 0.000
202303 179.353 146.865 204.379
202306 0.000 150.280 0.000
202309 184.658 151.492 203.997
202312 0.000 152.924 0.000
202403 201.006 153.035 219.819
202406 0.000 155.789 0.000
202409 301.132 157.882 319.204
202412 0.000 158.323 0.000
202503 321.550 157.552 341.562
202506 0.000 159.755 0.000
202509 334.716 162.289 345.169
202512 0.000 163.281 0.000
202603 357.425 164.272 364.137
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 Techno Electric & Engineering Co (NSE:TECHNOE) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Electric & Engineering Co stock appears to be undervalued. The current stock price of ₹973.65 is trading 49.9% below its estimated GF Value™ of ₹1,944.34. GuruFocus considers Techno Electric & Engineering Co to be Possible Value Trap.

Key valuation signals for NSE:TECHNOE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹1,944.34 vs. price of ₹973.65 (49.9% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Techno Electric & Engineering Co Business Description

Other Exchanges 542141:India
Address 71 Park Street, 1B, Park Plaza, South Block, Kolkata, WB, IND, 700016
Techno Electric & Engineering Co Ltd provides engineering, procurement, and construction services to the power sector, including generation, transmission, and distribution. The company is also engaged in the generation of wind power through wind turbine generators. Its business segments are EPC (Construction) and Others. The Engineering, Procurement, and Construction business, which generates the majority of the company's revenue, mainly provides solutions to several installed thermal and interregional transmission capacities in India.
82GF Score

Get the complete analysis for NSE:TECHNOE

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

₹973.65
Price
₹1,944.34
GF Value