Hindustan Oil Exploration Co (BOM:500186) Cyclically Adjusted PS Ratio: 5.37 (As of Aug. 31, 2026) — Near Median

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BOM:500186 Hindustan Oil Exploration Co Ltd BOM:500186
69 GF Score
Price ₹162.15
GF Value ₹82.30
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Hindustan Oil Exploration Co Cyclically Adjusted PS Ratio?

Hindustan Oil Exploration Co BOM:500186 -0.28% 69 Cyclically Adjusted PS Ratio is 5.37 as of Aug. 31, 2026, which is 5% below its 10-year median of 5.67. GuruFocus rates BOM:500186 with a GF Score™ of 69/100 and a GF Value™ of ₹82.30 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 712 Oil & Gas companies, Hindustan Oil Exploration Co ranks worse than 90.59% on this metric.

As of today (2026-08-31), Hindustan Oil Exploration Co's current share price is ₹162.15. Hindustan Oil Exploration Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹30.21. Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio for today is 5.37.

The historical rank and industry rank for Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:500186' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.75   Med: 5.67   Max: 9.72
Current: 5.38

During the past years, Hindustan Oil Exploration Co's highest Cyclically Adjusted PS Ratio was 9.72. The lowest was 3.75. And the median was 5.67.

BOM:500186's Cyclically Adjusted PS Ratio is ranked worse than
90.59% of 712 companies
in the Oil & Gas industry
Industry Median: 1.04 vs BOM:500186: 5.38

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.

Hindustan Oil Exploration Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹8.606. 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 ₹30.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Oil Exploration Co  (BOM:500186) 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.


Hindustan Oil Exploration Co Cyclically Adjusted PS Ratio Related Terms


Hindustan Oil Exploration Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hindustan Oil Exploration Co'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.

Hindustan Oil Exploration Co Cyclically Adjusted PS Ratio Chart

Hindustan Oil Exploration Co 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 0.00 0.00 5.77 4.01

Hindustan Oil Exploration Co 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 5.69 5.25 4.83 4.01 5.34

BOM:500186 vs COP, EOG, OXY: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Hindustan Oil Exploration Co'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.


Hindustan Oil Exploration Co Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio falls into.


BOM:500186
69GF Score
Hindustan Oil Exploration Co Ltd BOM:500186
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Oil Exploration Co 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.

Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=162.15/30.21
=5.37

* 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.

Hindustan Oil Exploration Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hindustan Oil Exploration Co'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)
=8.606/167.3573*167.3573
=8.606

Current CPI (Jun. 2026) = 167.3573.

Hindustan Oil Exploration Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 3.223 111.317 4.846
201809 5.417 115.142 7.874
201812 5.625 115.142 8.176
201903 5.889 118.202 8.338
201906 4.303 120.880 5.957
201909 4.712 123.175 6.402
201912 3.740 126.235 4.958
202003 2.586 124.705 3.470
202006 1.825 127.000 2.405
202009 2.495 130.118 3.209
202012 2.087 130.889 2.668
202103 2.169 131.771 2.755
202106 2.306 134.084 2.878
202109 2.951 135.847 3.635
202112 3.327 138.161 4.030
202203 3.189 138.822 3.845
202206 6.772 142.347 7.962
202209 9.427 144.661 10.906
202212 12.827 145.763 14.727
202303 13.232 146.865 15.078
202306 12.684 150.280 14.125
202309 8.519 151.492 9.411
202312 13.535 152.924 14.812
202403 21.916 153.035 23.967
202406 10.296 155.789 11.061
202409 7.191 157.882 7.623
202412 11.094 158.323 11.727
202503 3.282 157.552 3.486
202506 5.952 159.755 6.235
202509 23.392 162.289 24.123
202512 5.738 163.281 5.881
202603 -15.637 164.272 -15.931
202606 8.606 167.357 8.606

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 5.37 mean?
Hindustan Oil Exploration Co (BOM:500186) has a Cyclically Adjusted PS Ratio of 5.37 as of Aug. 31, 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 Hindustan Oil Exploration Co and its competitors. This is near median its historical median of 5.67. Over the past decade, Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio has ranged from 3.75 to 9.72. According to the industry distribution chart, Hindustan Oil Exploration Co ranks #645 out of 712 companies in the Oil & Gas industry, placing it in the top 90.6%.
Is Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio too high?
Hindustan Oil Exploration Co's current Cyclically Adjusted PS Ratio of 5.37 is near median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 9.72. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Hindustan Oil Exploration Co's value of 5.37 is 416.3% above this industry median. Based on the distribution chart, Hindustan Oil Exploration Co ranks #645 out of 712 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Hindustan Oil Exploration Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Oil Exploration Co's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Hindustan Oil Exploration Co ranks #645 out of 712 companies for Cyclically Adjusted PS Ratio. This places Hindustan Oil Exploration Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Hindustan Oil Exploration Co's value of 5.37 is 416.3% above this benchmark. Historically, Hindustan Oil Exploration Co's own Cyclically Adjusted PS Ratio has ranged from 3.75 to 9.72 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 1.04, Hindustan Oil Exploration Co 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 712 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. Hindustan Oil Exploration Co's current Cyclically Adjusted PS Ratio of 5.37 is 416.3% 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 Hindustan Oil Exploration Co and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Oil Exploration Co's current Cyclically Adjusted PS Ratio is 5.37, which is near median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Oil Exploration Co stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Oil Exploration Co (BOM:500186) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹82.30, compared to a current price of ₹162.15 — trading 97% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.37, which is near median its 10-year median of 5.67 and 416.3% above the Oil & Gas industry median of 1.04. Hindustan Oil Exploration Co's overall GF Score™ is 69/100 with 9 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 Hindustan Oil Exploration Co (BOM:500186), the current Cyclically Adjusted PS Ratio is 5.37 as of Aug. 31, 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 Hindustan Oil Exploration Co (BOM:500186) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Oil Exploration Co stock appears to be overvalued. The current stock price of ₹162.15 is trading 97% above its estimated GF Value™ of ₹82.30. GuruFocus considers Hindustan Oil Exploration Co to be Significantly Overvalued.

Key valuation signals for BOM:500186:

  • Cyclically Adjusted PS Ratio: 5.37 (near median its 10-year median of 5.67)
  • GF Value™: ₹82.30 vs. price of ₹162.15 (97% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 416.3% above the Oil & Gas median (#645 of 712)

No single metric tells the full story. See the BOM:500186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hindustan Oil Exploration Co Business Description

Industry EnergyOil & Gas
Other Exchanges HINDOILEXP:India
Address No.192, St. Mary’s Road, Lakshmi Chambers, Alwarpet, Chennai, TN, IND, 600 018
Hindustan Oil Exploration Co Ltd is engaged in the exploration, development, and production of crude oil and natural gas in India. Its business falls under the reportable segment of Oil and Gas. The group derives revenue from the sale of its products which includes Crude oil, Condensate and Natural gas. Key revenue is derived from the sale of natural gas. Geographically, the group's operations are principally carried in India.
69GF Score

Get the complete analysis for BOM:500186

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

₹162.15
Price
₹82.30
GF Value