Ujaas Energy (NSE:UEL) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:UEL Ujaas Energy Ltd NSE:UEL
60 GF Score
Price ₹234.18
GF Value ₹210.00
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ujaas Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ujaas Energy  (NSE:UEL) 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.


Ujaas Energy Cyclically Adjusted PB Ratio Related Terms


Ujaas Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ujaas Energy'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.

Ujaas Energy Cyclically Adjusted PB Ratio Chart

Ujaas Energy 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 0.05 0.23 0.08 0.16

Ujaas Energy 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 0.11 0.00 0.16 0.00

NSE:UEL vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Ujaas Energy'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.


Ujaas Energy Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ujaas Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:UEL
60GF Score
Ujaas Energy Ltd NSE:UEL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ujaas Energy 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.

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

For example, Ujaas Energy'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.

Ujaas Energy Quarterly Data

Book Value per Share CPI Adj_Book
201409 878.870 96.780 1,519.784
201412 0.000 96.780 0.000
201503 916.328 97.163 1,578.320
201506 0.000 99.841 0.000
201509 940.164 101.753 1,546.321
201603 858.187 102.518 1,400.958
201703 1,050.792 105.196 1,671.715
201803 1,138.490 109.786 1,735.503
201806 0.000 111.317 0.000
201812 0.000 115.142 0.000
201903 1,172.451 118.202 1,660.023
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 1,101.223 124.705 1,477.868
202006 0.000 127.000 0.000
202009 1,025.898 130.118 1,319.507
202012 0.000 130.889 0.000
202103 938.485 131.771 1,191.938
202106 0.000 134.084 0.000
202109 509.172 135.847 627.277
202112 0.000 138.161 0.000
202203 357.729 138.822 431.262
202206 0.000 142.347 0.000
202209 308.742 144.661 357.181
202212 0.000 145.763 0.000
202303 262.622 146.865 299.267
202306 0.000 150.280 0.000
202309 201.615 151.492 222.730
202312 0.000 152.924 0.000
202403 1.344 153.035 1.470
202406 0.000 155.789 0.000
202409 1.210 157.882 1.283
202412 0.000 158.323 0.000
202503 1.273 157.552 1.352
202506 0.000 159.755 0.000
202509 2.642 162.289 2.725
202512 0.000 163.281 0.000
202603 6.647 164.272 6.772
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 Ujaas Energy (NSE:UEL) Overvalued in 2026?

Based on GuruFocus' analysis, Ujaas Energy stock appears to be overvalued. The current stock price of ₹234.18 is trading 11.5% above its estimated GF Value™ of ₹210.00. GuruFocus considers Ujaas Energy to be Modestly Overvalued.

Key valuation signals for NSE:UEL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹210.00 vs. price of ₹234.18 (11.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Ujaas Energy Business Description

Other Exchanges 533644:India
Address Sanwer Road, Survey No. 211/1, Industrial Area, Opposite Sector - C and Metalman, Indore, MP, IND, 452015
Ujaas Energy Ltd is engaged in the generation of solar power, manufacturing, sales, and services of solar power plants, and manufacturing and sales of electric vehicles. It offers solar panels for homes, services for rooftop solar systems, transformers, solar power generating systems for commercial organizations, and builds solar power plants. These products and services are offered through its flagship Ujaas brand. The company has several solar power plants operating across different regions in India. The company's reportable segments are: Solar Power Generation and Maintenance, which generates maximum revenue, Manufacturing and Sale of Solar Power Plant, and Electric Vehicle (EV).
60GF Score

Get the complete analysis for NSE:UEL

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

₹234.18
Price
₹210.00
GF Value