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Larsen & Toubro (BOM:500510) Cyclically Adjusted PS Ratio : 2.72 (As of Jun. 04, 2025)


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What is Larsen & Toubro Cyclically Adjusted PS Ratio?

As of today (2025-06-04), Larsen & Toubro's current share price is ₹3645.20. Larsen & Toubro's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹1,340.53. Larsen & Toubro's Cyclically Adjusted PS Ratio for today is 2.72.

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

BOM:500510' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.87   Max: 3.11
Current: 2.74

During the past years, Larsen & Toubro's highest Cyclically Adjusted PS Ratio was 3.11. The lowest was 0.86. And the median was 1.87.

BOM:500510's Cyclically Adjusted PS Ratio is ranked worse than
84.19% of 1208 companies
in the Construction industry
Industry Median: 0.705 vs BOM:500510: 2.74

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.

Larsen & Toubro's adjusted revenue per share data for the three months ended in Mar. 2025 was ₹529.498. 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 ₹1,340.53 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Larsen & Toubro Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Larsen & Toubro'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.

* Premium members only.

Larsen & Toubro Cyclically Adjusted PS Ratio Chart

Larsen & Toubro Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 1.74 1.93 3.07 2.60

Larsen & Toubro Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.07 2.80 2.82 2.72 2.60

Competitive Comparison of Larsen & Toubro's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Larsen & Toubro'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.


Larsen & Toubro's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Larsen & Toubro's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Larsen & Toubro 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.

Larsen & Toubro's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3645.20/1340.53
=2.72

* 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.

Larsen & Toubro's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Larsen & Toubro's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=529.498/157.5517*157.5517
=529.498

Current CPI (Mar. 2025) = 157.5517.

Larsen & Toubro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 141.625 99.841 223.489
201509 163.731 101.753 253.516
201512 182.461 102.901 279.366
201603 225.445 102.518 346.467
201606 154.861 105.961 230.260
201609 177.070 105.961 263.282
201612 186.081 105.196 278.693
201703 258.967 105.196 387.854
201706 169.670 107.109 249.576
201709 188.337 109.021 272.174
201712 203.936 109.404 293.687
201803 289.597 109.786 415.593
201806 192.291 111.317 272.159
201809 218.413 115.142 298.860
201812 243.807 115.142 333.608
201903 294.830 118.202 392.979
201906 210.912 120.880 274.897
201909 251.481 123.175 321.666
201912 257.938 126.235 321.927
202003 306.568 124.705 387.316
202006 151.486 127.000 187.928
202009 221.056 130.118 267.663
202012 253.259 130.889 304.849
202103 330.439 131.771 395.090
202106 208.563 134.084 245.066
202109 247.306 135.847 286.819
202112 281.308 138.161 320.790
202203 369.793 138.822 419.686
202206 254.880 142.347 282.104
202209 304.081 144.661 331.177
202212 329.808 145.763 356.482
202303 402.880 146.865 432.197
202306 340.534 150.280 357.011
202309 362.893 151.492 377.409
202312 400.643 152.924 412.766
202403 473.040 153.035 487.003
202406 400.678 155.789 405.212
202409 447.434 157.882 446.497
202412 469.966 158.323 467.677
202503 529.498 157.552 529.498

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.


Larsen & Toubro  (BOM:500510) 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.


Larsen & Toubro Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Larsen & Toubro's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Larsen & Toubro Business Description

Traded in Other Exchanges
Address
Norottarn Morarjee Marg, L&T House, Ballard Estate, Mumbai, MH, IND, 400001
Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate operating globally. It enters into contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company's operating segments are: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, IT & Technology services, Financial services, Development projects, and other segments. A majority of its revenue is generated from the Infrastructure projects segment. Geographically, the group generates maximum revenue from its operations in India.

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