Force Motors (BOM:500033) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.
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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:500033 Force Motors Ltd BOM:500033
69 GF Score
Price ₹17,669.40
GF Value ₹12,187.24
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Force Motors Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Force Motors  (BOM:500033) 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.


Force Motors Cyclically Adjusted PS Ratio Related Terms


Force Motors Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Force Motors'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.

Force Motors Cyclically Adjusted PS Ratio Chart

Force Motors 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 0.39 0.40 2.17 2.40 4.57

Force Motors Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.20 4.33 5.26 4.57 4.29

BOM:500033 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Force Motors'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.


Force Motors Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:500033
69GF Score
Force Motors Ltd BOM:500033
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Force Motors 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.

Force Motors's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Force Motors's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1851.823/167.3573*167.3573
=1,851.823

Current CPI (Jun. 2026) = 167.3573.

Force Motors Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201109 377.815 75.359 839.056
201112 373.603 75.359 829.702
201203 455.063 76.889 990.498
201206 373.436 79.567 785.472
201503 97.163 0.000
201603 102.518 0.000
201803 109.786 0.000
201806 674.812 111.317 1,014.537
201809 667.056 115.142 969.557
201812 625.170 115.142 908.677
201903 804.963 118.202 1,139.713
201906 609.035 120.880 843.205
201909 573.114 123.175 778.687
201912 659.603 126.235 874.473
202003 496.180 124.705 665.886
202006 140.708 127.000 185.421
202009 527.145 130.118 678.013
202012 376.192 130.889 481.006
202103 464.874 131.771 590.421
202106 488.249 134.084 609.408
202109 711.689 135.847 876.768
202112 590.365 138.161 715.123
202203 668.983 138.822 806.496
202206 736.780 142.347 866.229
202209 959.354 144.661 1,109.869
202212 989.552 145.763 1,136.152
202303 1,131.011 146.865 1,288.826
202306 1,128.962 150.280 1,257.253
202309 1,367.368 151.492 1,510.568
202312 1,283.892 152.924 1,405.066
202403 1,526.389 153.035 1,669.247
202406 1,430.527 155.789 1,536.753
202409 1,473.354 157.882 1,561.775
202412 1,434.011 158.323 1,515.840
202503 1,788.072 157.552 1,899.357
202506 1,743.476 159.755 1,826.441
202509 1,579.659 162.289 1,628.990
202512 1,615.451 163.281 1,655.783
202603 1,935.177 164.272 1,971.518
202606 1,851.823 167.357 1,851.823

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.

Is Force Motors (BOM:500033) Overvalued in 2026?

Based on GuruFocus' analysis, Force Motors stock appears to be overvalued. The current stock price of ₹17,669.40 is trading 45% above its estimated GF Value™ of ₹12,187.24. GuruFocus considers Force Motors to be Significantly Overvalued.

Key valuation signals for BOM:500033:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹12,187.24 vs. price of ₹17,669.40 (45% above fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the BOM:500033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Force Motors Business Description

Other Exchanges FORCEMOT:India
Address Mumbai-Pune Road, Akurdi, Pune, MH, IND, 411 035
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
69GF Score

Get the complete analysis for BOM:500033

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

₹17,669.40
Price
₹12,187.24
GF Value