W S Industries (I) (NSE:WSI) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

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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:WSI W S Industries (I) Ltd NSE:WSI
39 GF Score
Price ₹60.18
GF Value ₹26.03
Valuation Significantly Overvalued
! 6 Warning Signs
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What is W S Industries (I) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

W S Industries (I)  (NSE:WSI) 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.

W S Industries (I) Cyclically Adjusted PB Ratio Related Terms

W S Industries (I) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for W S Industries (I)'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.

W S Industries (I) Cyclically Adjusted PB Ratio Chart

W S Industries (I) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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W S Industries (I) 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 0.00 0.00 0.00 0.00

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

For the Engineering & Construction subindustry, W S Industries (I)'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.

W S Industries (I) Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, W S Industries (I)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W S Industries (I)'s Cyclically Adjusted PB Ratio falls into.


NSE:WSI
39GF Score
W S Industries (I) Ltd NSE:WSI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

W S Industries (I) 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.

W S Industries (I)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, W S Industries (I)'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.

W S Industries (I) Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 58.148 85.687 113.570
201409 -24.226 96.780 -41.893
201503 -49.998 97.163 -86.119
201603 -76.744 102.518 -125.282
201703 -81.582 105.196 -129.790
201803 -66.232 109.786 -100.963
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 -30.663 118.202 -43.414
201906 0.000 120.880 0.000
201909 -12.460 123.175 -16.929
201912 0.000 126.235 0.000
202003 -32.387 124.705 -43.464
202006 0.000 127.000 0.000
202009 -33.234 130.118 -42.745
202012 0.000 130.889 0.000
202103 -35.577 131.771 -45.185
202106 0.000 134.084 0.000
202109 -41.088 135.847 -50.619
202112 0.000 138.161 0.000
202203 -8.818 138.822 -10.631
202206 0.000 142.347 0.000
202209 -0.410 144.661 -0.474
202212 0.000 145.763 0.000
202303 15.538 146.865 17.706
202306 0.000 150.280 0.000
202309 20.618 151.492 22.777
202312 0.000 152.924 0.000
202403 27.307 153.035 29.863
202406 0.000 155.789 0.000
202409 35.286 157.882 37.404
202412 0.000 158.323 0.000
202503 31.311 157.552 33.260
202506 0.000 159.755 0.000
202509 32.286 162.289 33.294
202512 0.000 163.281 0.000
202603 52.063 164.272 53.041
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 W S Industries (I) (NSE:WSI) Overvalued in 2026?

Based on GuruFocus' analysis, W S Industries (I) stock appears to be overvalued. The current stock price of ₹60.18 is trading 131.2% above its estimated GF Value™ of ₹26.03. GuruFocus considers W S Industries (I) to be Significantly Overvalued.

Key valuation signals for NSE:WSI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹26.03 vs. price of ₹60.18 (131.2% above fair value)
  • GF Score™: 39/100 with 6 warning signs

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

W S Industries (I) Business Description

Other Exchanges 504220:India
Address Casa Major Road, 3rd Floor, New No. 48, Old No. 21, Savidhaanu Building, Egmore, Chennai, TN, IND, 600008
W S Industries (I) Ltd is engaged in infrastructure construction and electrical project handling. Its project portfolio comprises Civil Infrastructure projects like building integrated stormwater drainage systems, bus terminals, and multi-utility facility centers; Turnkey Projects including the design, engineering, supply, installation, testing, and commissioning of HV and EHV substations and transmission lines up to 765kV voltage; and IT/ITES Projects.
39GF Score

Get the complete analysis for NSE:WSI

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

₹60.18
Price
₹26.03
GF Value