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.
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.
Ion Exchange (India)BOM:500214 +7.09%78 Cyclically Adjusted PS Ratio is 2.49 as of Sep. 08, 2026, which is 54% above its 10-year median of 1.62. GuruFocus rates BOM:500214 with a GF Score™ of 78/100 and a GF Value™ of ₹623.17 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,278 Industrial Products companies, Ion Exchange (India) ranks worse than 57.73% on this metric.
The historical rank and industry rank for Ion Exchange (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:
BOM:500214'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4 Med: 1.62 Max: 5.36
Current: 2.32
During the past 13 years, Ion Exchange (India)'s highest Cyclically Adjusted PS Ratio was 5.36. The lowest was 0.40. And the median was 1.62.
BOM:500214's Cyclically Adjusted PS Ratio is ranked worse than 57.73% of 2278
companies
in the Industrial Products industry
Industry Median: 1.81
vs BOM:500214: 2.32
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.
Ion Exchange (India)'s adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹244.502. 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 ₹176.31 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ion Exchange (India) (BOM:500214) 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.
Ion Exchange (India) Cyclically Adjusted PS Ratio Related Terms
Ion Exchange (India) Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Ion Exchange (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.
Ion Exchange (India) Cyclically Adjusted PS Ratio Chart
BOM:500214 vs VLTO, ZWS, CECO: Cyclically Adjusted PS Ratio Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (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.
Ion Exchange (India) Cyclically Adjusted PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'s Cyclically Adjusted PS Ratio falls into.
Ion Exchange (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.
* 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.
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 2.49 mean?
Ion Exchange (India) (BOM:500214) has a Cyclically Adjusted PS Ratio of 2.49 as of Sep. 08, 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 Ion Exchange (India) and its competitors. This is 54% above median its historical median of 1.62. Over the past decade, Ion Exchange (India)'s Cyclically Adjusted PS Ratio has ranged from 0.40 to 5.36. According to the industry distribution chart, Ion Exchange (India) ranks #1315 out of 2278 companies in the Industrial Products industry, placing it in the top 57.7%.
Is Ion Exchange (India)'s Cyclically Adjusted PS Ratio too high?
Ion Exchange (India)'s current Cyclically Adjusted PS Ratio of 2.49 is 54% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 5.36. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.81. Ion Exchange (India)'s value of 2.49 is 37.6% above this industry median. Based on the distribution chart, Ion Exchange (India) ranks #1315 out of 2278 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ion Exchange (India) has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s Cyclically Adjusted PS Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #1315 out of 2278 companies for Cyclically Adjusted PS Ratio. This places Ion Exchange (India) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.81. Ion Exchange (India)'s value of 2.49 is 37.6% above this benchmark. Historically, Ion Exchange (India)'s own Cyclically Adjusted PS Ratio has ranged from 0.40 to 5.36 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.81, Ion Exchange (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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.81, based on 2,278 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. Ion Exchange (India)'s current Cyclically Adjusted PS Ratio of 2.49 is 37.6% 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 Ion Exchange (India) and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current Cyclically Adjusted PS Ratio is 2.49, which is 54% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (BOM:500214) is currently considered Possible Value Trap. The stock's GF Value™ is ₹623.17, compared to a current price of ₹438.50 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.49, which is 54% above median its 10-year median of 1.62 and 37.6% above the Industrial Products industry median of 1.81. Ion Exchange (India)'s overall GF Score™ is 78/100 with 8 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 Ion Exchange (India) (BOM:500214), the current Cyclically Adjusted PS Ratio is 2.49 as of Sep. 08, 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 Ion Exchange (India) (BOM:500214) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹438.50 is trading 29.6% below its estimated GF Value™ of ₹623.17.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for BOM:500214:
Cyclically Adjusted PS Ratio: 2.49 (54% above median its 10-year median of 1.62)
GF Value™: ₹623.17 vs. price of ₹438.50 (29.6% below fair value)
Industry Position: 37.6% above the Industrial Products median (#1315 of 2278)
No single metric tells the full story. See the BOM:500214 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
78GF Score
Get the complete analysis for BOM:500214
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500214 has been successfully added to your 
