Tata Elxsi (BOM:500408) Cyclically Adjusted PS Ratio: 7.67 (As of Aug. 30, 2026) — 58% Below Median

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BOM:500408 Tata Elxsi Ltd BOM:500408
86 GF Score
Price ₹3,680.00
GF Value ₹6,769.67
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tata Elxsi Cyclically Adjusted PS Ratio?

Tata Elxsi BOM:500408 +1.29% 86 Cyclically Adjusted PS Ratio is 7.67 as of Aug. 30, 2026, which is 58% below its 10-year median of 18.15. GuruFocus rates BOM:500408 with a GF Score™ of 86/100 and a GF Value™ of ₹6,769.67 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,585 Software companies, Tata Elxsi ranks worse than 86.81% on this metric.

As of today (2026-08-30), Tata Elxsi's current share price is ₹3680.00. Tata Elxsi's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹480.01. Tata Elxsi's Cyclically Adjusted PS Ratio for today is 7.67.

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

BOM:500408' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.78   Med: 18.15   Max: 36.86
Current: 7.67

During the past years, Tata Elxsi's highest Cyclically Adjusted PS Ratio was 36.86. The lowest was 2.78. And the median was 18.15.

BOM:500408's Cyclically Adjusted PS Ratio is ranked worse than
86.81% of 1585 companies
in the Software industry
Industry Median: 1.67 vs BOM:500408: 7.67

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.

Tata Elxsi's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹163.881. 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 ₹480.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Elxsi  (BOM:500408) 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.


Tata Elxsi Cyclically Adjusted PS Ratio Related Terms


Tata Elxsi Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tata Elxsi'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.

Tata Elxsi Cyclically Adjusted PS Ratio Chart

Tata Elxsi 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 33.51 19.07 21.42 12.67 8.60

Tata Elxsi 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 14.83 11.87 11.61 8.60 7.98

BOM:500408 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Tata Elxsi'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.


Tata Elxsi Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Tata Elxsi's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:500408
86GF Score
Tata Elxsi Ltd BOM:500408
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Elxsi 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.

Tata Elxsi's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3680.00/480.01
=7.67

* 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.

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

For example, Tata Elxsi'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)
=163.881/167.3573*167.3573
=163.881

Current CPI (Jun. 2026) = 167.3573.

Tata Elxsi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 48.851 105.961 77.156
201612 49.824 105.196 79.265
201703 52.480 105.196 83.491
201706 51.919 107.109 81.123
201709 54.934 109.021 84.328
201712 55.493 109.404 84.889
201803 60.294 109.786 91.912
201806 61.344 111.317 92.227
201809 64.694 115.142 94.032
201812 65.375 115.142 95.022
201903 65.070 118.202 92.130
201906 58.045 120.880 80.363
201909 61.974 123.175 84.204
201912 67.991 126.235 90.140
202003 70.473 124.705 94.576
202006 64.313 127.000 84.750
202009 69.097 130.118 88.872
202012 76.598 130.889 97.940
202103 83.227 131.771 105.704
202106 89.675 134.084 111.928
202109 95.617 135.847 117.796
202112 102.037 138.161 123.600
202203 109.467 138.822 131.968
202206 116.552 142.347 137.030
202209 122.527 144.661 141.751
202212 131.307 145.763 150.760
202303 134.532 146.865 153.304
202306 136.509 150.280 152.021
202309 141.588 151.492 156.416
202312 146.768 152.924 160.620
202403 145.374 153.035 158.980
202406 148.723 155.789 159.767
202409 153.317 157.882 162.518
202412 150.735 158.323 159.336
202503 145.824 157.552 154.900
202506 143.237 159.755 150.053
202509 147.366 162.289 151.968
202512 153.058 163.281 156.879
202603 159.513 164.272 162.509
202606 163.881 167.357 163.881

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 7.67 mean?
Tata Elxsi (BOM:500408) has a Cyclically Adjusted PS Ratio of 7.67 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 Tata Elxsi and its competitors. This is 58% below median its historical median of 18.15. Over the past decade, Tata Elxsi's Cyclically Adjusted PS Ratio has ranged from 2.78 to 36.86. According to the industry distribution chart, Tata Elxsi ranks #1376 out of 1585 companies in the Software industry, placing it in the top 86.8%.
Is Tata Elxsi's Cyclically Adjusted PS Ratio too high?
Tata Elxsi's current Cyclically Adjusted PS Ratio of 7.67 is 58% below median its 10-year median of 18.15. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 36.86. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Tata Elxsi's value of 7.67 is 359.3% above this industry median. Based on the distribution chart, Tata Elxsi ranks #1376 out of 1585 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Tata Elxsi has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tata Elxsi's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Tata Elxsi ranks #1376 out of 1585 companies for Cyclically Adjusted PS Ratio. This places Tata Elxsi in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Tata Elxsi's value of 7.67 is 359.3% above this benchmark. Historically, Tata Elxsi's own Cyclically Adjusted PS Ratio has ranged from 2.78 to 36.86 over the past decade. While the company's 10-year median is 18.15 vs. the industry median of 1.67, Tata Elxsi 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,585 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. Tata Elxsi's current Cyclically Adjusted PS Ratio of 7.67 is 359.3% 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 Tata Elxsi and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Elxsi's current Cyclically Adjusted PS Ratio is 7.67, which is 58% below median its own 10-year median of 18.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Elxsi stock overvalued right now?
Based on GuruFocus' analysis, Tata Elxsi (BOM:500408) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹6,769.67, compared to a current price of ₹3,680.00 — trading 45.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.67, which is 58% below median its 10-year median of 18.15 and 359.3% above the Software industry median of 1.67. Tata Elxsi's overall GF Score™ is 86/100 with 3 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 Tata Elxsi (BOM:500408), the current Cyclically Adjusted PS Ratio is 7.67 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 Tata Elxsi (BOM:500408) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Elxsi stock appears to be undervalued. The current stock price of ₹3,680.00 is trading 45.6% below its estimated GF Value™ of ₹6,769.67. GuruFocus considers Tata Elxsi to be Significantly Undervalued.

Key valuation signals for BOM:500408:

  • Cyclically Adjusted PS Ratio: 7.67 (58% below median its 10-year median of 18.15)
  • GF Value™: ₹6,769.67 vs. price of ₹3,680.00 (45.6% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 359.3% above the Software median (#1376 of 1585)

No single metric tells the full story. See the BOM:500408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tata Elxsi Business Description

Other Exchanges TATAELXSI:India
Address ITPB Road, Whitefield, Bengaluru, KA, IND, 560048
Tata Elxsi Ltd provides product design and engineering services to the consumer electronics, communications & transportation industries and systems integration and support services for enterprise customers. The company also provides digital content creation for media and entertainment industry. It operates across two segments to deliver design, engineering and technology solutions across industries: Software Development & Services (SDS) and Systems Integration & Support (SIS). The SDS segment generates maximum revenue for the company and provides end-to-end product engineering and digital services, supporting clients from concept and design to development, validation and deployment. Geographically, the company derives maximum revenue from Europe followed by India, USA, and Other regions.
86GF Score

Get the complete analysis for BOM:500408

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

₹3,680.00
Price
₹6,769.67
GF Value