Tejas Networks (NSE:TEJASNET) Cyclically Adjusted PB Ratio: (As of Jul. 31, 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:TEJASNET Tejas Networks Ltd NSE:TEJASNET
62 GF Score
Price ₹507.10
GF Value ₹421.32
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Tejas Networks Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tejas Networks  (NSE:TEJASNET) 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.


Tejas Networks Cyclically Adjusted PB Ratio Related Terms


Tejas Networks Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tejas Networks'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.

Tejas Networks Cyclically Adjusted PB Ratio Chart

Tejas Networks 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 4.60 2.11

Tejas Networks 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 3.33 0.00 2.11 0.00

NSE:TEJASNET vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Tejas Networks'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.


Tejas Networks Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Tejas Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:TEJASNET
62GF Score
Tejas Networks Ltd NSE:TEJASNET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tejas Networks 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.

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

For example, Tejas Networks'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.

Tejas Networks Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 83.828 105.196 132.397
201706 106.615 107.109 165.380
201709 109.743 109.021 167.245
201712 112.891 109.404 171.441
201803 126.855 109.786 191.976
201806 132.359 111.317 197.552
201809 136.119 115.142 196.415
201812 139.987 115.142 201.996
201903 143.942 118.202 202.326
201906 144.241 120.880 198.255
201909 142.818 123.175 192.641
201912 131.004 126.235 172.422
202003 117.852 124.705 157.015
202006 116.208 127.000 152.027
202009 116.867 130.118 149.226
202012 117.898 130.889 149.655
202103 121.643 131.771 153.376
202106 122.445 134.084 151.723
202109 174.955 135.847 213.976
202112 172.979 138.161 208.016
202203 168.507 138.822 201.673
202206 174.223 142.347 203.350
202209 174.096 144.661 199.952
202212 174.576 145.763 198.988
202303 176.572 146.865 199.753
202306 175.996 150.280 194.576
202309 177.199 151.492 194.339
202312 0.000 152.924 0.000
202403 184.496 153.035 200.302
202406 0.000 155.789 0.000
202409 217.227 157.882 228.596
202412 0.000 158.323 0.000
202503 219.544 157.552 231.519
202506 0.000 159.755 0.000
202509 188.498 162.289 192.977
202512 0.000 163.281 0.000
202603 165.110 164.272 166.993
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 Tejas Networks (NSE:TEJASNET) Overvalued in 2026?

Based on GuruFocus' analysis, Tejas Networks stock appears to be overvalued. The current stock price of ₹507.10 is trading 20.4% above its estimated GF Value™ of ₹421.32. GuruFocus considers Tejas Networks to be Modestly Overvalued.

Key valuation signals for NSE:TEJASNET:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹421.32 vs. price of ₹507.10 (20.4% above fair value)
  • GF Score™: 62/100 with 9 warning signs

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


Tejas Networks Business Description

Other Exchanges 540595:India
Address Hosur Road, Electronic City, Phase 1, J.P. Software Park, Plot No. 25, 5th Floor, Survey No. 13, 14, 17,18, Konnapana Agrahara Village, Begur Hobli, Bengaluru, KA, IND, 560100
Tejas Networks Ltd is an optical and data networking products company. The company designs, develops, and manufactures high-performance products for building high-speed communication networks that carry voice, data, and video traffic from fixed-line, mobile, and broadband networks. It serves telecommunications service providers, internet service providers, utilities, defense, and government entities. It derives a majority of its revenue from India and the rest from International markets.
62GF Score

Get the complete analysis for NSE:TEJASNET

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

₹507.10
Price
₹421.32
GF Value