NIIT (BOM:500304) Cyclically Adjusted PS Ratio: 2.12 (As of Aug. 30, 2026) — Near 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:500304 NIIT Ltd BOM:500304
68 GF Score
Price ₹105.43
GF Value ₹142.02
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is NIIT Cyclically Adjusted PS Ratio?

NIIT BOM:500304 +2.40% 68 Cyclically Adjusted PS Ratio is 2.12 as of Aug. 30, 2026, which is 3% below its 10-year median of 2.19. GuruFocus rates BOM:500304 with a GF Score™ of 68/100 and a GF Value™ of ₹142.02 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 164 Education companies, NIIT ranks worse than 70.12% on this metric.

As of today (2026-08-30), NIIT's current share price is ₹105.43. NIIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹49.67. NIIT's Cyclically Adjusted PS Ratio for today is 2.12.

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

BOM:500304' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.09   Med: 2.19   Max: 4.32
Current: 2.12

During the past years, NIIT's highest Cyclically Adjusted PS Ratio was 4.32. The lowest was 1.09. And the median was 2.19.

BOM:500304's Cyclically Adjusted PS Ratio is ranked worse than
70.12% of 164 companies
in the Education industry
Industry Median: 1.175 vs BOM:500304: 2.12

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.

NIIT's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹6.859. 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 ₹49.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NIIT  (BOM:500304) 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.


NIIT Cyclically Adjusted PS Ratio Related Terms


NIIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NIIT'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.

NIIT Cyclically Adjusted PS Ratio Chart

NIIT 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 2.04 2.45 1.02

NIIT 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 2.63 2.11 1.83 1.02 2.03

BOM:500304 vs EDU, TAL, LAUR: Cyclically Adjusted PS Ratio Comparison

For the Education & Training Services subindustry, NIIT'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.


NIIT Cyclically Adjusted PS Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, NIIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:500304
68GF Score
NIIT Ltd BOM:500304
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NIIT 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.

NIIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=105.43/49.67
=2.12

* 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.

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

For example, NIIT'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)
=6.859/167.3573*167.3573
=6.859

Current CPI (Jun. 2026) = 167.3573.

NIIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201706 12.550 107.109 19.609
201709 12.179 109.021 18.696
201712 12.521 109.404 19.154
201803 13.213 109.786 20.142
201806 12.682 111.317 19.067
201809 13.421 115.142 19.507
201812 13.465 115.142 19.571
201903 12.042 118.202 17.050
201906 11.936 120.880 16.525
201909 13.809 123.175 18.762
201912 19.767 126.235 26.206
202003 14.827 124.705 19.898
202006 14.213 127.000 18.729
202009 15.300 130.118 19.679
202012 17.517 130.889 22.398
202103 19.717 131.771 25.042
202106 21.627 134.084 26.994
202109 23.116 135.847 28.478
202112 27.994 138.161 33.910
202203 -54.609 138.822 -65.834
202206 6.975 142.347 8.200
202209 6.764 144.661 7.825
202212 6.782 145.763 7.787
202303 4.398 146.865 5.012
202306 4.582 150.280 5.103
202309 5.967 151.492 6.592
202312 6.224 152.924 6.811
202403 5.473 153.035 5.985
202406 5.954 155.789 6.396
202409 6.669 157.882 7.069
202412 7.105 158.323 7.510
202503 6.304 157.552 6.696
202506 5.955 159.755 6.238
202509 6.879 162.289 7.094
202512 7.186 163.281 7.365
202603 7.223 164.272 7.359
202606 6.859 167.357 6.859

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 2.12 mean?
NIIT (BOM:500304) has a Cyclically Adjusted PS Ratio of 2.12 as of Aug. 30, 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 NIIT and its competitors. This is near median its historical median of 2.19. Over the past decade, NIIT's Cyclically Adjusted PS Ratio has ranged from 1.09 to 4.32. According to the industry distribution chart, NIIT ranks #115 out of 164 companies in the Education industry, placing it in the top 70.1%.
Is NIIT's Cyclically Adjusted PS Ratio too high?
NIIT's current Cyclically Adjusted PS Ratio of 2.12 is near median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 4.32. The Education industry median Cyclically Adjusted PS Ratio is 1.18. NIIT's value of 2.12 is 80.4% above this industry median. Based on the distribution chart, NIIT ranks #115 out of 164 companies in the Education industry, which is below the industry midpoint. Overall, NIIT has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIIT's Cyclically Adjusted PS Ratio compare to EDU and TAL?
According to the Education industry distribution chart, NIIT ranks #115 out of 164 companies for Cyclically Adjusted PS Ratio. This places NIIT in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.18. NIIT's value of 2.12 is 80.4% above this benchmark. Historically, NIIT's own Cyclically Adjusted PS Ratio has ranged from 1.09 to 4.32 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 1.18, NIIT 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 Education company?
The median Cyclically Adjusted PS Ratio among Education companies is 1.18, based on 164 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. NIIT's current Cyclically Adjusted PS Ratio of 2.12 is 80.4% 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 NIIT and its competitors. For the Education industry, the median Cyclically Adjusted PS Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIIT's current Cyclically Adjusted PS Ratio is 2.12, which is near median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIIT stock overvalued right now?
Based on GuruFocus' analysis, NIIT (BOM:500304) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹142.02, compared to a current price of ₹105.43 — trading 25.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.12, which is near median its 10-year median of 2.19 and 80.4% above the Education industry median of 1.18. NIIT's overall GF Score™ is 68/100 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 NIIT (BOM:500304), the current Cyclically Adjusted PS Ratio is 2.12 as of Aug. 30, 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 NIIT (BOM:500304) Overvalued in 2026?

Based on GuruFocus' analysis, NIIT stock appears to be undervalued. The current stock price of ₹105.43 is trading 25.8% below its estimated GF Value™ of ₹142.02. GuruFocus considers NIIT to be Modestly Undervalued.

Key valuation signals for BOM:500304:

  • Cyclically Adjusted PS Ratio: 2.12 (near median its 10-year median of 2.19)
  • GF Value™: ₹142.02 vs. price of ₹105.43 (25.8% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 80.4% above the Education median (#115 of 164)

No single metric tells the full story. See the BOM:500304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NIIT Business Description

Other Exchanges NIITLTD:India
Address Plot No. 85, Sector 32, Institutional Area, Gurgaon, HR, IND, 122 001
NIIT Ltd provides multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals globally. Its business is divided into a Corporate learning group, a Skills and Careers group, and a School learning group. The activities of these divisions include training outsourcing to companies in North America and Europe, courses related to IT, BFSI, KPO, management education, multi-vocational skills, digital media marketing, professional life skills, teaching, and education to schools in India. Geographically, the company generates the majority of its revenue from India.
68GF Score

Get the complete analysis for BOM:500304

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

₹105.43
Price
₹142.02
GF Value