Swaraj Engines (BOM:500407) Cyclically Adjusted PS Ratio: 3.03 (As of Aug. 21, 2026) — 25% Above Median

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BOM:500407 Swaraj Engines Ltd BOM:500407
86 GF Score
Price ₹3,600.20
GF Value ₹4,241.13
Valuation Modestly Undervalued
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What is Swaraj Engines Cyclically Adjusted PS Ratio?

Swaraj Engines BOM:500407 +0.37% 86 Cyclically Adjusted PS Ratio is 3.03 as of Aug. 21, 2026, which is 25% above its 10-year median of 2.43. GuruFocus rates BOM:500407 with a GF Score™ of 86/100 and a GF Value™ of ₹4,241.13 (Modestly Undervalued). Among 1,037 Vehicles & Parts companies, Swaraj Engines ranks worse than 84.38% on this metric.

As of today (2026-08-21), Swaraj Engines's current share price is ₹3600.20. Swaraj Engines's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹1,188.27. Swaraj Engines's Cyclically Adjusted PS Ratio for today is 3.03.

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

BOM:500407' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.76   Med: 2.43   Max: 4.25
Current: 3.06

During the past years, Swaraj Engines's highest Cyclically Adjusted PS Ratio was 4.25. The lowest was 1.76. And the median was 2.43.

BOM:500407's Cyclically Adjusted PS Ratio is ranked worse than
84.38% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 0.75 vs BOM:500407: 3.06

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.

Swaraj Engines's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹484.232. 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 ₹1,188.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swaraj Engines  (BOM:500407) 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.


Swaraj Engines Cyclically Adjusted PS Ratio Related Terms


Swaraj Engines Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Swaraj Engines'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.

Swaraj Engines Cyclically Adjusted PS Ratio Chart

Swaraj Engines 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 1.74 1.82 2.51 3.87 2.88

Swaraj Engines 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 3.79 3.82 3.23 2.88 3.36

BOM:500407 vs ORLY, AZO: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Swaraj Engines'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.


Swaraj Engines Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

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


BOM:500407
86GF Score
Swaraj Engines Ltd BOM:500407
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swaraj Engines 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.

Swaraj Engines's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3600.20/1188.27
=3.03

* 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.

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

For example, Swaraj Engines'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)
=484.232/167.3573*167.3573
=484.232

Current CPI (Jun. 2026) = 167.3573.

Swaraj Engines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 143.969 105.961 227.388
201612 124.523 105.196 198.105
201703 129.413 105.196 205.884
201706 156.083 107.109 243.880
201709 167.733 109.021 257.485
201712 147.422 109.404 225.514
201803 150.215 109.786 228.986
201806 193.227 111.317 290.505
201809 203.501 115.142 295.786
201812 163.771 115.142 238.039
201903 154.442 118.202 218.668
201906 169.204 120.880 234.262
201909 183.505 123.175 249.327
201912 139.987 126.235 185.589
202003 144.389 124.705 193.774
202006 96.248 127.000 126.833
202009 240.758 130.118 309.662
202012 224.152 130.889 286.605
202103 251.161 131.771 318.991
202106 259.063 134.084 323.350
202109 282.860 135.847 348.471
202112 195.505 138.161 236.820
202203 195.170 138.822 235.288
202206 327.941 142.347 385.559
202209 316.771 144.661 366.470
202212 229.572 145.763 263.583
202303 290.134 146.865 330.618
202306 329.078 150.280 366.473
202309 320.135 151.492 353.662
202312 230.026 152.924 251.736
202403 283.575 153.035 310.115
202406 344.053 155.789 369.601
202409 382.059 157.882 404.988
202412 284.409 158.323 300.638
202503 373.763 157.552 397.025
202506 398.469 159.755 417.431
202509 414.745 162.289 427.697
202512 389.465 163.281 399.188
202603 449.173 164.272 457.608
202606 484.232 167.357 484.232

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 3.03 mean?
Swaraj Engines (BOM:500407) has a Cyclically Adjusted PS Ratio of 3.03 as of Aug. 21, 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 Swaraj Engines and its competitors. This is 25% above median its historical median of 2.43. Over the past decade, Swaraj Engines' Cyclically Adjusted PS Ratio has ranged from 1.76 to 4.25. According to the industry distribution chart, Swaraj Engines ranks #875 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 84.4%.
Is Swaraj Engines' Cyclically Adjusted PS Ratio too high?
Swaraj Engines' current Cyclically Adjusted PS Ratio of 3.03 is 25% above median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 4.25. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.75. Swaraj Engines' value of 3.03 is 304% above this industry median. Based on the distribution chart, Swaraj Engines ranks #875 out of 1037 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Swaraj Engines has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Swaraj Engines' Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Swaraj Engines ranks #875 out of 1037 companies for Cyclically Adjusted PS Ratio. This places Swaraj Engines in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Swaraj Engines' value of 3.03 is 304% above this benchmark. Historically, Swaraj Engines' own Cyclically Adjusted PS Ratio has ranged from 1.76 to 4.25 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 0.75, Swaraj Engines 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.75, based on 1,037 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. Swaraj Engines's current Cyclically Adjusted PS Ratio of 3.03 is 304% 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 Swaraj Engines and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swaraj Engines's current Cyclically Adjusted PS Ratio is 3.03, which is 25% above median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swaraj Engines stock overvalued right now?
Based on GuruFocus' analysis, Swaraj Engines (BOM:500407) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹4,241.13, compared to a current price of ₹3,600.20 — trading 15.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.03, which is 25% above median its 10-year median of 2.43 and 304% above the Vehicles & Parts industry median of 0.75. Swaraj Engines' overall GF Score™ is 86/100. 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 Swaraj Engines (BOM:500407), the current Cyclically Adjusted PS Ratio is 3.03 as of Aug. 21, 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 Swaraj Engines (BOM:500407) Overvalued in 2026?

Based on GuruFocus' analysis, Swaraj Engines stock appears to be undervalued. The current stock price of ₹3,600.20 is trading 15.1% below its estimated GF Value™ of ₹4,241.13. GuruFocus considers Swaraj Engines to be Modestly Undervalued.

Key valuation signals for BOM:500407:

  • Cyclically Adjusted PS Ratio: 3.03 (25% above median its 10-year median of 2.43)
  • GF Value™: ₹4,241.13 vs. price of ₹3,600.20 (15.1% below fair value)
  • GF Score™: 86/100
  • Industry Position: 304% above the Vehicles & Parts median (#875 of 1037)

No single metric tells the full story. See the BOM:500407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Swaraj Engines Business Description

Other Exchanges SWARAJENG:India
Address Phase-IV, Industrial Area, S.A.S. Nagar, Mohali, PB, IND, 160 055
Swaraj Engines Ltd is an India-based company engaged in the principal business of manufacturing and selling diesel engines for tractors. It is also involved in manufacturing engine components. The company operates in the segments of manufacturing Diesel engines, Diesel engine components, and Spare parts. It derives a majority of its revenue from the sale of Engines. The Engine products offered by the company comprise ranges of 20-30 HP, 30-40 HP, 40-50 HP, and 50-60 HP.
86GF Score

Get the complete analysis for BOM:500407

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

₹3,600.20
Price
₹4,241.13
GF Value