ATV Projects India (BOM:500028) Cyclically Adjusted PS Ratio: 1.91 (As of Aug. 05, 2026) — 71% 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:500028 ATV Projects India Ltd BOM:500028
66 GF Score
Price ₹22.43
GF Value ₹33.69
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is ATV Projects India Cyclically Adjusted PS Ratio?

ATV Projects India BOM:500028 -0.84% 66 Cyclically Adjusted PS Ratio is 1.91 as of Aug. 05, 2026, which is 71% above its 10-year median of 1.12. GuruFocus rates BOM:500028 with a GF Score™ of 66/100 and a GF Value™ of ₹33.69 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,361 Construction companies, ATV Projects India ranks worse than 79.79% on this metric.

As of today (2026-08-05), ATV Projects India's current share price is ₹22.43. ATV Projects India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹11.77. ATV Projects India's Cyclically Adjusted PS Ratio for today is 1.91.

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

BOM:500028' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.12   Max: 3.58
Current: 1.93

During the past years, ATV Projects India's highest Cyclically Adjusted PS Ratio was 3.58. The lowest was 0.28. And the median was 1.12.

BOM:500028's Cyclically Adjusted PS Ratio is ranked worse than
79.79% of 1361 companies
in the Construction industry
Industry Median: 0.7 vs BOM:500028: 1.93

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.

ATV Projects India's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹3.801. 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 ₹11.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ATV Projects India  (BOM:500028) 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.


ATV Projects India Cyclically Adjusted PS Ratio Related Terms


ATV Projects India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ATV Projects India'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.

ATV Projects India Cyclically Adjusted PS Ratio Chart

ATV Projects India 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 0.81 0.56 1.26 2.59 2.49

ATV Projects India 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 2.59 3.16 2.80 3.57 2.49

BOM:500028 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, ATV Projects India'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.


ATV Projects India Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where ATV Projects India's Cyclically Adjusted PS Ratio falls into.


BOM:500028
66GF Score
ATV Projects India Ltd BOM:500028
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ATV Projects India 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.

ATV Projects India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.43/11.77
=1.91

* 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.

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

For example, ATV Projects India'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)
=3.801/164.2724*164.2724
=3.801

Current CPI (Mar. 2026) = 164.2724.

ATV Projects India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.115 105.961 4.829
201609 1.967 105.961 3.049
201612 2.100 105.196 3.279
201703 3.894 105.196 6.081
201706 1.967 107.109 3.017
201709 2.036 109.021 3.068
201712 2.572 109.404 3.862
201803 3.673 109.786 5.496
201806 1.371 111.317 2.023
201809 2.198 115.142 3.136
201812 1.984 115.142 2.831
201903 2.107 118.202 2.928
201906 1.563 120.880 2.124
201909 1.733 123.175 2.311
201912 1.666 126.235 2.168
202003 1.922 124.705 2.532
202006 0.827 127.000 1.070
202009 1.487 130.118 1.877
202012 1.545 130.889 1.939
202103 2.556 131.771 3.186
202106 1.249 134.084 1.530
202109 1.862 135.847 2.252
202112 1.256 138.161 1.493
202203 1.796 138.822 2.125
202206 1.416 142.347 1.634
202209 2.518 144.661 2.859
202212 2.558 145.763 2.883
202303 2.603 146.865 2.912
202306 2.606 150.280 2.849
202309 3.165 151.492 3.432
202312 2.215 152.924 2.379
202403 3.601 153.035 3.865
202406 3.720 155.789 3.923
202409 3.210 157.882 3.340
202412 2.911 158.323 3.020
202503 3.319 157.552 3.461
202506 2.881 159.755 2.962
202509 2.651 162.289 2.683
202512 3.426 163.281 3.447
202603 3.801 164.272 3.801

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 1.91 mean?
ATV Projects India (BOM:500028) has a Cyclically Adjusted PS Ratio of 1.91 as of Aug. 05, 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 ATV Projects India and its competitors. This is 71% above median its historical median of 1.12. Over the past decade, ATV Projects India's Cyclically Adjusted PS Ratio has ranged from 0.28 to 3.58. According to the industry distribution chart, ATV Projects India ranks #1086 out of 1361 companies in the Construction industry, placing it in the top 79.8%.
Is ATV Projects India's Cyclically Adjusted PS Ratio too high?
ATV Projects India's current Cyclically Adjusted PS Ratio of 1.91 is 71% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 3.58. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. ATV Projects India's value of 1.91 is 172.9% above this industry median. Based on the distribution chart, ATV Projects India ranks #1086 out of 1361 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, ATV Projects India has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ATV Projects India's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, ATV Projects India ranks #1086 out of 1361 companies for Cyclically Adjusted PS Ratio. This places ATV Projects India in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. ATV Projects India's value of 1.91 is 172.9% above this benchmark. Historically, ATV Projects India's own Cyclically Adjusted PS Ratio has ranged from 0.28 to 3.58 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.70, ATV Projects India 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 PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,361 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. ATV Projects India's current Cyclically Adjusted PS Ratio of 1.91 is 172.9% 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 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 ATV Projects India 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. ATV Projects India's current Cyclically Adjusted PS Ratio is 1.91, which is 71% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATV Projects India stock overvalued right now?
Based on GuruFocus' analysis, ATV Projects India (BOM:500028) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.69, compared to a current price of ₹22.43 — trading 33.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.91, which is 71% above median its 10-year median of 1.12 and 172.9% above the Construction industry median of 0.70. ATV Projects India's overall GF Score™ is 66/100 with 5 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 ATV Projects India (BOM:500028), the current Cyclically Adjusted PS Ratio is 1.91 as of Aug. 05, 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 ATV Projects India (BOM:500028) Overvalued in 2026?

Based on GuruFocus' analysis, ATV Projects India stock appears to be undervalued. The current stock price of ₹22.43 is trading 33.4% below its estimated GF Value™ of ₹33.69. GuruFocus considers ATV Projects India to be Significantly Undervalued.

Key valuation signals for BOM:500028:

  • Cyclically Adjusted PS Ratio: 1.91 (71% above median its 10-year median of 1.12)
  • GF Value™: ₹33.69 vs. price of ₹22.43 (33.4% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 172.9% above the Construction median (#1086 of 1361)

No single metric tells the full story. See the BOM:500028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ATV Projects India Business Description

Address Andheri-Kurla Road, Sahar Plaza Complex, J.B. Nagar, 1201, 12th Floor, Wind Fall Building, Andheri (East), Mumbai, MH, IND, 400059
ATV Projects India Ltd is an India based company engaged in the business of manufacturing and trading of Engineering equipment. The company is also engaged in rendering project management and engineering services, project supplies, and for executing jobs for various industries. The products of the company are used in many industries like sugar, chemical and petrochemicals, fertilizers, power, nuclear power, and food and dairy.
66GF Score

Get the complete analysis for BOM:500028

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

₹22.43
Price
₹33.69
GF Value