Thirumalai Chemicals (BOM:500412) Cyclically Adjusted PS Ratio: 0.82 (As of Aug. 18, 2026) — 40% Below 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:500412 Thirumalai Chemicals Ltd BOM:500412
56 GF Score
Price ₹154.20
GF Value ₹198.04
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Thirumalai Chemicals Cyclically Adjusted PS Ratio?

Thirumalai Chemicals BOM:500412 -3.29% 56 Cyclically Adjusted PS Ratio is 0.82 as of Aug. 18, 2026, which is 40% below its 10-year median of 1.37. GuruFocus rates BOM:500412 with a GF Score™ of 56/100 and a GF Value™ of ₹198.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,274 Chemicals companies, Thirumalai Chemicals ranks better than 65.07% on this metric.

As of today (2026-08-18), Thirumalai Chemicals's current share price is ₹154.20. Thirumalai Chemicals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹188.92. Thirumalai Chemicals's Cyclically Adjusted PS Ratio for today is 0.82.

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

BOM:500412' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.37   Max: 2.19
Current: 0.84

During the past years, Thirumalai Chemicals's highest Cyclically Adjusted PS Ratio was 2.19. The lowest was 0.60. And the median was 1.37.

BOM:500412's Cyclically Adjusted PS Ratio is ranked better than
65.07% of 1274 companies
in the Chemicals industry
Industry Median: 1.345 vs BOM:500412: 0.84

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.

Thirumalai Chemicals's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹45.316. 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 ₹188.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thirumalai Chemicals  (BOM:500412) 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.


Thirumalai Chemicals Cyclically Adjusted PS Ratio Related Terms


Thirumalai Chemicals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thirumalai Chemicals'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.

Thirumalai Chemicals Cyclically Adjusted PS Ratio Chart

Thirumalai Chemicals 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 1.70 1.05 1.38 1.37 0.89

Thirumalai Chemicals 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 1.63 1.53 1.28 0.89 0.88

BOM:500412 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Thirumalai Chemicals'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.


Thirumalai Chemicals Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thirumalai Chemicals's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:500412
56GF Score
Thirumalai Chemicals Ltd BOM:500412
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thirumalai Chemicals 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.

Thirumalai Chemicals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=154.20/188.92
=0.82

* 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.

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

For example, Thirumalai Chemicals'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)
=45.316/167.3573*167.3573
=45.316

Current CPI (Jun. 2026) = 167.3573.

Thirumalai Chemicals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.873 105.961 39.285
201612 24.242 105.196 38.567
201703 29.934 105.196 47.622
201706 31.497 107.109 49.214
201709 30.403 109.021 46.671
201712 33.685 109.404 51.529
201803 32.296 109.786 49.232
201806 29.392 111.317 44.189
201809 35.515 115.142 51.621
201812 31.676 115.142 46.041
201903 29.781 118.202 42.166
201906 28.310 120.880 39.195
201909 26.212 123.175 35.614
201912 24.666 126.235 32.701
202003 26.331 124.705 35.337
202006 11.067 127.000 14.584
202009 26.075 130.118 33.538
202012 31.005 130.889 39.644
202103 37.246 131.771 47.305
202106 38.789 134.084 48.415
202109 46.579 135.847 57.383
202112 52.854 138.161 64.023
202203 55.974 138.822 67.480
202206 60.606 142.347 71.254
202209 55.838 144.661 64.599
202212 49.596 145.763 56.944
202303 40.894 146.865 46.600
202306 51.039 150.280 56.839
202309 53.302 151.492 58.884
202312 47.969 152.924 52.496
202403 50.228 153.035 54.929
202406 54.485 155.789 58.531
202409 51.547 157.882 54.641
202412 43.581 158.323 46.068
202503 50.967 157.552 54.139
202506 43.984 159.755 46.077
202509 40.961 162.289 42.240
202512 35.004 163.281 35.878
202603 35.152 164.272 35.812
202606 45.316 167.357 45.316

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 0.82 mean?
Thirumalai Chemicals (BOM:500412) has a Cyclically Adjusted PS Ratio of 0.82 as of Aug. 18, 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 Thirumalai Chemicals and its competitors. This is 40% below median its historical median of 1.37. Over the past decade, Thirumalai Chemicals' Cyclically Adjusted PS Ratio has ranged from 0.60 to 2.19. According to the industry distribution chart, Thirumalai Chemicals ranks #445 out of 1274 companies in the Chemicals industry, placing it in the top 34.9%.
Is Thirumalai Chemicals' Cyclically Adjusted PS Ratio too high?
Thirumalai Chemicals' current Cyclically Adjusted PS Ratio of 0.82 is 40% below median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.19. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.35. Thirumalai Chemicals' value of 0.82 is 39% below this industry median. Based on the distribution chart, Thirumalai Chemicals ranks #445 out of 1274 companies in the Chemicals industry, which is above the industry midpoint. Overall, Thirumalai Chemicals has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thirumalai Chemicals' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Thirumalai Chemicals ranks #445 out of 1274 companies for Cyclically Adjusted PS Ratio. This puts Thirumalai Chemicals in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. Thirumalai Chemicals' value of 0.82 is 39% below this benchmark. Historically, Thirumalai Chemicals' own Cyclically Adjusted PS Ratio has ranged from 0.60 to 2.19 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.35, Thirumalai Chemicals has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.35, based on 1,274 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. Thirumalai Chemicals's current Cyclically Adjusted PS Ratio of 0.82 is 39% below 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 Thirumalai Chemicals and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thirumalai Chemicals's current Cyclically Adjusted PS Ratio is 0.82, which is 40% below median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thirumalai Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Thirumalai Chemicals (BOM:500412) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹198.04, compared to a current price of ₹154.20 — trading 22.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 40% below median its 10-year median of 1.37 and 39% below the Chemicals industry median of 1.35. Thirumalai Chemicals' overall GF Score™ is 56/100 with 6 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 Thirumalai Chemicals (BOM:500412), the current Cyclically Adjusted PS Ratio is 0.82 as of Aug. 18, 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 Thirumalai Chemicals (BOM:500412) Overvalued in 2026?

Based on GuruFocus' analysis, Thirumalai Chemicals stock appears to be undervalued. The current stock price of ₹154.20 is trading 22.1% below its estimated GF Value™ of ₹198.04. GuruFocus considers Thirumalai Chemicals to be Modestly Undervalued.

Key valuation signals for BOM:500412:

  • Cyclically Adjusted PS Ratio: 0.82 (40% below median its 10-year median of 1.37)
  • GF Value™: ₹198.04 vs. price of ₹154.20 (22.1% below fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 39% below the Chemicals median (#445 of 1274)

No single metric tells the full story. See the BOM:500412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thirumalai Chemicals Business Description

Other Exchanges TIRUMALCHM:India
Address Road No. 29, Thirumalai House, Plot No. 101-102, Near Sion Hill Fort, Sion (East), Mumbai, MH, IND, 400 022
Thirumalai Chemicals Ltd is an India-based company engaged in the manufacturing and sale of organic chemicals. Its products include phthalic anhydride, malic acid, fumaric acid, and fine chemicals. It serves the plastics, paints, food, cosmetic, pharmaceutical industries, and other industries. Geographically, it earns majority of the revenue from India followed by the rest of the world.
56GF Score

Get the complete analysis for BOM:500412

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

₹154.20
Price
₹198.04
GF Value