The Investment Trust Of India (NSE:THEINVEST) Cyclically Adjusted PB Ratio: (As of Aug. 25, 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:THEINVEST The Investment Trust Of India Ltd NSE:THEINVEST
73 GF Score
Price ₹95.30
GF Value ₹113.86
Valuation Modestly Undervalued
! 5 Warning Signs
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What is The Investment Trust Of India Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Investment Trust Of India  (NSE:THEINVEST) 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.


The Investment Trust Of India Cyclically Adjusted PB Ratio Related Terms


The Investment Trust Of India Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Investment Trust 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.

The Investment Trust Of India Cyclically Adjusted PB Ratio Chart

The Investment Trust 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 0.93 0.55 1.07 0.90 0.64

The Investment Trust 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 1.04 0.00 0.64 0.00

NSE:THEINVEST vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, The Investment Trust 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.


The Investment Trust Of India Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Investment Trust Of India's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Investment Trust Of India's Cyclically Adjusted PB Ratio falls into.


NSE:THEINVEST
73GF Score
The Investment Trust Of India Ltd NSE:THEINVEST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Investment Trust 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.

The Investment Trust Of India's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, The Investment Trust 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

The Investment Trust Of India Quarterly Data

Book Value per Share CPI Adj_Book
201609 88.140 105.961 139.210
201612 0.000 105.196 0.000
201703 90.519 105.196 144.008
201706 0.000 107.109 0.000
201709 94.195 109.021 144.597
201712 0.000 109.404 0.000
201803 105.317 109.786 160.544
201806 0.000 111.317 0.000
201809 111.083 115.142 161.458
201812 0.000 115.142 0.000
201903 114.070 118.202 161.507
201906 0.000 120.880 0.000
201909 113.473 123.175 154.175
201912 0.000 126.235 0.000
202003 114.678 124.705 153.901
202006 0.000 127.000 0.000
202009 113.011 130.118 145.354
202012 0.000 130.889 0.000
202103 116.654 131.771 148.158
202106 0.000 134.084 0.000
202109 118.453 135.847 145.929
202112 0.000 138.161 0.000
202203 116.621 138.822 140.593
202206 0.000 142.347 0.000
202209 117.526 144.661 135.965
202212 0.000 145.763 0.000
202303 121.818 146.865 138.816
202306 0.000 150.280 0.000
202309 123.541 151.492 136.479
202312 0.000 152.924 0.000
202403 126.607 153.035 138.456
202406 0.000 155.789 0.000
202409 132.561 157.882 140.516
202412 0.000 158.323 0.000
202503 134.983 157.552 143.384
202506 0.000 159.755 0.000
202509 138.696 162.289 143.027
202512 0.000 163.281 0.000
202603 140.807 164.272 143.451
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 The Investment Trust Of India (NSE:THEINVEST) Overvalued in 2026?

Based on GuruFocus' analysis, The Investment Trust Of India stock appears to be undervalued. The current stock price of ₹95.30 is trading 16.3% below its estimated GF Value™ of ₹113.86. GuruFocus considers The Investment Trust Of India to be Modestly Undervalued.

Key valuation signals for NSE:THEINVEST:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹113.86 vs. price of ₹95.30 (16.3% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


The Investment Trust Of India Business Description

Other Exchanges 530023:India
Address 36 Dr. R. K. Shirodkar Marg, ITI House, Parel, Mumbai, MH, IND, 400012
The Investment Trust Of India Ltd, through its subsidiaries, is in the business of the corporate finance and broking spectrum in India. The company's service portfolio consists of investment banking and corporate finance activities on the capital market side as well as advisory services, broking services in the cash and future and options segments, currency derivatives, and commodities, along with offering depository services, loans, portfolio management services, and other wealth and distribution related products. The firm operates through the segments of Advisory services Investment activities and Trading Activities. The company generates the majority of its revenue from Advisory services and Investment activities.
73GF Score

Get the complete analysis for NSE:THEINVEST

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

₹95.30
Price
₹113.86
GF Value