TIL (NSE:TIL) Cyclically Adjusted PB Ratio: 4.90 (As of Jul. 29, 2026) — 46% Above Median

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NSE:TIL TIL Ltd NSE:TIL
63 GF Score
Price ₹232.75
GF Value ₹363.83
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is TIL Cyclically Adjusted PB Ratio?

TIL NSE:TIL +8.73% 63 Cyclically Adjusted PB Ratio is 4.90 as of Jul. 29, 2026, which is 46% above its 10-year median of 3.36. GuruFocus rates NSE:TIL with a GF Score™ of 63/100 and a GF Value™ of ₹363.83 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, TIL ranks worse than 87.95% on this metric.

As of today (2026-07-29), TIL's current share price is ₹232.75. TIL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹47.47. TIL's Cyclically Adjusted PB Ratio for today is 4.90.

The historical rank and industry rank for TIL's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:TIL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 3.36   Max: 6.27
Current: 4.47

During the past years, TIL's highest Cyclically Adjusted PB Ratio was 6.27. The lowest was 0.22. And the median was 3.36.

NSE:TIL's Cyclically Adjusted PB Ratio is ranked worse than
87.95% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.6 vs NSE:TIL: 4.47

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

TIL's adjusted book value per share data for the three months ended in Mar. 2026 was ₹15.781. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹47.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIL  (NSE:TIL) 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.


TIL Cyclically Adjusted PB Ratio Related Terms


TIL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TIL'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.

TIL Cyclically Adjusted PB Ratio Chart

TIL 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 0.23 0.38 2.24 3.84 3.45

TIL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.84 0.00 5.69 0.00 3.45

NSE:TIL vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, TIL'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.


TIL Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, TIL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:TIL
63GF Score
TIL Ltd NSE:TIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TIL 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.

TIL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=232.75/47.47
=4.90

* 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.

TIL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TIL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.781/164.2724*164.2724
=15.781

Current CPI (Mar. 2026) = 164.2724.

TIL Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.000 96.780 0.000
201503 89.230 97.163 150.860
201506 0.000 99.841 0.000
201509 82.261 101.753 132.804
201512 0.000 102.901 0.000
201603 75.072 102.518 120.293
201703 81.270 105.196 126.910
201803 81.189 109.786 121.482
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 86.010 118.202 119.533
201906 0.000 120.880 0.000
201909 86.754 123.175 115.700
201912 0.000 126.235 0.000
202003 80.930 124.705 106.608
202006 0.000 127.000 0.000
202009 71.228 130.118 89.925
202012 0.000 130.889 0.000
202103 62.197 131.771 77.538
202106 0.000 134.084 0.000
202109 39.107 135.847 47.290
202112 0.000 138.161 0.000
202203 -54.373 138.822 -64.341
202206 0.000 142.347 0.000
202209 -66.439 144.661 -75.446
202212 0.000 145.763 0.000
202303 -79.095 146.865 -88.470
202306 0.000 150.280 0.000
202309 -84.436 151.492 -91.559
202312 0.000 152.924 0.000
202403 4.891 153.035 5.250
202406 0.000 155.789 0.000
202409 11.281 157.882 11.738
202412 0.000 158.323 0.000
202503 12.147 157.552 12.665
202506 0.000 159.755 0.000
202509 12.318 162.289 12.469
202512 0.000 163.281 0.000
202603 15.781 164.272 15.781

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.

What does a Cyclically Adjusted PB Ratio of 4.90 mean?
TIL (NSE:TIL) has a Cyclically Adjusted PB Ratio of 4.90 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on TIL and its competitors. This is 46% above median its historical median of 3.36. Over the past decade, TIL's Cyclically Adjusted PB Ratio has ranged from 0.22 to 6.27. According to the industry distribution chart, TIL ranks #146 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 88%.
Is TIL's Cyclically Adjusted PB Ratio too high?
TIL's current Cyclically Adjusted PB Ratio of 4.90 is 46% above median its 10-year median of 3.36. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 6.27. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.60. TIL's value of 4.90 is 206.3% above this industry median. Based on the distribution chart, TIL ranks #146 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, TIL has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TIL's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, TIL ranks #146 out of 166 companies for Cyclically Adjusted PB Ratio. This places TIL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.60. TIL's value of 4.90 is 206.3% above this benchmark. Historically, TIL's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 6.27 over the past decade. While the company's 10-year median is 3.36 vs. the industry median of 1.60, TIL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.60, based on 166 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TIL's current Cyclically Adjusted PB Ratio of 4.90 is 206.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on TIL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TIL's current Cyclically Adjusted PB Ratio is 4.90, which is 46% above median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIL stock overvalued right now?
Based on GuruFocus' analysis, TIL (NSE:TIL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹363.83, compared to a current price of ₹232.75 — trading 36% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.90, which is 46% above median its 10-year median of 3.36 and 206.3% above the Farm & Heavy Construction Machinery industry median of 1.60. TIL's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For TIL (NSE:TIL), the current Cyclically Adjusted PB Ratio is 4.90 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TIL (NSE:TIL) Overvalued in 2026?

Based on GuruFocus' analysis, TIL stock appears to be undervalued. The current stock price of ₹232.75 is trading 36% below its estimated GF Value™ of ₹363.83. GuruFocus considers TIL to be Possible Value Trap.

Key valuation signals for NSE:TIL:

  • Cyclically Adjusted PB Ratio: 4.90 (46% above median its 10-year median of 3.36)
  • GF Value™: ₹363.83 vs. price of ₹232.75 (36% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 206.3% above the Farm & Heavy Construction Machinery median (#146 of 166)

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


TIL Business Description

Other Exchanges 890237:India505196:India
Address 1, Taratolla Road, Garden Reach, Kolkata, WB, IND, 700024
TIL Ltd is an India based company engaged in providing customized designs manufactures and markets a comprehensive range of material handling, lifting, port equipment, road building solutions, with integrated customer support and after-sales service. The company operates in only Material handling solutions segment which comprises manufacturing and marketing of various materials handling equipment such as mobile cranes, port equipment, self-loading truck cranes, and road construction equipment as well as dealing in spares and providing services to related equipment. Geographically, the group has a business presence in India and outside India of which key revenue is earned within the Indian market.
63GF Score

Get the complete analysis for NSE:TIL

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

₹232.75
Price
₹363.83
GF Value