PBA Infrastructure (BOM:532676) Cyclically Adjusted PS Ratio: 0.19 (As of Aug. 25, 2026) — 46% Above Median

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.

BOM:532676 PBA Infrastructure Ltd BOM:532676
57 GF Score
Price ₹9.46
GF Value ₹8.57
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PBA Infrastructure Cyclically Adjusted PS Ratio?

PBA Infrastructure BOM:532676 +4.99% 57 Cyclically Adjusted PS Ratio is 0.19 as of Aug. 25, 2026, which is 46% above its 10-year median of 0.13. GuruFocus rates BOM:532676 with a GF Score™ of 57/100 and a GF Value™ of ₹8.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,374 Construction companies, PBA Infrastructure ranks better than 86.83% on this metric.

As of today (2026-08-25), PBA Infrastructure's current share price is ₹9.46. PBA Infrastructure's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹50.71. PBA Infrastructure's Cyclically Adjusted PS Ratio for today is 0.19.

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

BOM:532676' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.13   Max: 0.33
Current: 0.18

During the past years, PBA Infrastructure's highest Cyclically Adjusted PS Ratio was 0.33. The lowest was 0.03. And the median was 0.13.

BOM:532676's Cyclically Adjusted PS Ratio is ranked better than
86.83% of 1374 companies
in the Construction industry
Industry Median: 0.7 vs BOM:532676: 0.18

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PBA Infrastructure's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹4.145. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹50.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PBA Infrastructure  (BOM:532676) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


PBA Infrastructure Cyclically Adjusted PS Ratio Related Terms


PBA Infrastructure Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PBA Infrastructure's Cyclically Adjusted PS 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.

PBA Infrastructure Cyclically Adjusted PS Ratio Chart

PBA Infrastructure Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.08 0.14 0.14 0.15

PBA Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.14 0.20 0.24 0.24 0.15

BOM:532676 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, PBA Infrastructure's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


PBA Infrastructure Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, PBA Infrastructure's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PBA Infrastructure's Cyclically Adjusted PS Ratio falls into.


BOM:532676
57GF Score
PBA Infrastructure Ltd BOM:532676
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBA Infrastructure Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

PBA Infrastructure's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.46/50.71
=0.19

* 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.

PBA Infrastructure's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PBA Infrastructure's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.145/164.2724*164.2724
=4.145

Current CPI (Mar. 2026) = 164.2724.

PBA Infrastructure Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.722 105.961 22.824
201609 15.005 105.961 23.262
201612 21.762 105.196 33.983
201703 18.080 105.196 28.233
201706 15.008 107.109 23.018
201709 9.546 109.021 14.384
201712 25.141 109.404 37.750
201803 33.967 109.786 50.825
201806 15.725 111.317 23.206
201809 9.329 115.142 13.310
201812 8.810 115.142 12.569
201903 26.148 118.202 36.339
201906 9.329 120.880 12.678
201909 7.082 123.175 9.445
201912 9.327 126.235 12.137
202003 6.577 124.705 8.664
202006 2.058 127.000 2.662
202009 0.294 130.118 0.371
202012 5.164 130.889 6.481
202103 4.149 131.771 5.172
202106 0.294 134.084 0.360
202109 0.000 135.847 0.000
202112 0.580 138.161 0.690
202203 0.000 138.822 0.000
202206 1.662 142.347 1.918
202209 0.341 144.661 0.387
202212 0.594 145.763 0.669
202303 5.666 146.865 6.338
202306 6.069 150.280 6.634
202309 12.758 151.492 13.834
202312 11.207 152.924 12.039
202403 14.773 153.035 15.858
202406 9.221 155.789 9.723
202409 4.703 157.882 4.893
202412 6.389 158.323 6.629
202503 6.686 157.552 6.971
202506 5.085 159.755 5.229
202509 6.416 162.289 6.494
202512 1.651 163.281 1.661
202603 4.145 164.272 4.145

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.19 mean?
PBA Infrastructure (BOM:532676) has a Cyclically Adjusted PS Ratio of 0.19 as of Aug. 25, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PBA Infrastructure and its competitors. This is 46% above median its historical median of 0.13. Over the past decade, PBA Infrastructure's Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.33. According to the industry distribution chart, PBA Infrastructure ranks #181 out of 1374 companies in the Construction industry, placing it in the top 13.2%.
Is PBA Infrastructure's Cyclically Adjusted PS Ratio too high?
PBA Infrastructure's current Cyclically Adjusted PS Ratio of 0.19 is 46% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.33. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. PBA Infrastructure's value of 0.19 is 72.9% below this industry median. Based on the distribution chart, PBA Infrastructure ranks #181 out of 1374 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PBA Infrastructure has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PBA Infrastructure's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, PBA Infrastructure ranks #181 out of 1374 companies for Cyclically Adjusted PS Ratio. This places PBA Infrastructure in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. PBA Infrastructure's value of 0.19 is 72.9% below this benchmark. Historically, PBA Infrastructure's own Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.33 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.70, PBA Infrastructure has consistently been below 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 PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,374 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PBA Infrastructure's current Cyclically Adjusted PS Ratio of 0.19 is 72.9% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PBA Infrastructure and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBA Infrastructure's current Cyclically Adjusted PS Ratio is 0.19, which is 46% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, PBA Infrastructure (BOM:532676) is currently considered Fairly Valued. The stock's GF Value™ is ₹8.57, compared to a current price of ₹9.46 — trading 10.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.19, which is 46% above median its 10-year median of 0.13 and 72.9% below the Construction industry median of 0.70. PBA Infrastructure's overall GF Score™ is 57/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PBA Infrastructure (BOM:532676), the current Cyclically Adjusted PS Ratio is 0.19 as of Aug. 25, 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 PBA Infrastructure (BOM:532676) Overvalued in 2026?

Based on GuruFocus' analysis, PBA Infrastructure stock appears to be overvalued. The current stock price of ₹9.46 is trading 10.4% above its estimated GF Value™ of ₹8.57. GuruFocus considers PBA Infrastructure to be Fairly Valued.

Key valuation signals for BOM:532676:

  • Cyclically Adjusted PS Ratio: 0.19 (46% above median its 10-year median of 0.13)
  • GF Value™: ₹8.57 vs. price of ₹9.46 (10.4% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 72.9% below the Construction median (#181 of 1374)

No single metric tells the full story. See the BOM:532676 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PBA Infrastructure Business Description

Address 611/3, V. N. Purav Marg, Chembur (East), Mumbai, MH, IND, 400071
PBA Infrastructure Ltd is engaged in the execution of contracts for various infrastructure projects of Highways, Bridges, Runways, Heavy RCC Structures, and other infrastructure projects. Its segment consists of the Construction & Engineering from which it derives its revenue.
57GF Score

Get the complete analysis for BOM:532676

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

₹9.46
Price
₹8.57
GF Value