Apollo Tyres (BOM:500877) Cyclically Adjusted PS Ratio: 1.05 (As of Aug. 23, 2026) — 24% Above Median

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BOM:500877 Apollo Tyres Ltd BOM:500877
86 GF Score
Price ₹439.70
GF Value ₹547.81
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Apollo Tyres Cyclically Adjusted PS Ratio?

Apollo Tyres BOM:500877 +2.36% 86 Cyclically Adjusted PS Ratio is 1.05 as of Aug. 23, 2026, which is 24% above its 10-year median of 0.85. GuruFocus rates BOM:500877 with a GF Score™ of 86/100 and a GF Value™ of ₹547.81 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,037 Vehicles & Parts companies, Apollo Tyres ranks worse than 60.95% on this metric.

As of today (2026-08-23), Apollo Tyres's current share price is ₹439.70. Apollo Tyres's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹417.84. Apollo Tyres's Cyclically Adjusted PS Ratio for today is 1.05.

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

BOM:500877' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.85   Max: 1.45
Current: 1.05

During the past years, Apollo Tyres's highest Cyclically Adjusted PS Ratio was 1.45. The lowest was 0.24. And the median was 0.85.

BOM:500877's Cyclically Adjusted PS Ratio is ranked worse than
60.95% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs BOM:500877: 1.05

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.

Apollo Tyres's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹117.051. 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 ₹417.84 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Tyres  (BOM:500877) 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.


Apollo Tyres Cyclically Adjusted PS Ratio Related Terms


Apollo Tyres Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Tyres'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.

Apollo Tyres Cyclically Adjusted PS Ratio Chart

Apollo Tyres 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 0.55 0.88 1.25 1.11 1.01

Apollo Tyres 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 1.15 1.19 1.24 1.01 1.03

BOM:500877 vs ORLY, AZO: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Apollo Tyres'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.


Apollo Tyres Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

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


BOM:500877
86GF Score
Apollo Tyres Ltd BOM:500877
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Tyres 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.

Apollo Tyres's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=439.70/417.84
=1.05

* 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.

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

For example, Apollo Tyres'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)
=117.051/167.3573*167.3573
=117.051

Current CPI (Jun. 2026) = 167.3573.

Apollo Tyres Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 60.259 105.961 95.174
201612 67.496 105.196 107.380
201703 64.170 105.196 102.089
201706 63.833 107.109 99.739
201709 67.055 109.021 102.935
201712 70.883 109.404 108.431
201803 69.583 109.786 106.072
201806 74.242 111.317 111.618
201809 73.200 115.142 106.395
201812 81.371 115.142 118.272
201903 72.919 118.202 103.243
201906 74.821 120.880 103.589
201909 68.527 123.175 93.107
201912 76.013 126.235 100.775
202003 61.991 124.705 83.193
202006 48.393 127.000 63.771
202009 71.151 130.118 91.514
202012 82.051 130.889 104.912
202103 72.231 131.771 91.738
202106 72.110 134.084 90.004
202109 80.037 135.847 98.602
202112 89.832 138.161 108.816
202203 82.022 138.822 98.882
202206 93.468 142.347 109.890
202209 93.628 144.661 108.318
202212 101.136 145.763 116.119
202303 91.267 146.865 104.002
202306 98.332 150.280 109.506
202309 98.910 151.492 109.269
202312 103.852 152.924 113.654
202403 92.867 153.035 101.559
202406 99.847 155.789 107.261
202409 101.277 157.882 107.355
202412 109.082 158.323 115.307
202503 101.250 157.552 107.552
202506 101.891 159.755 106.740
202509 107.742 162.289 111.107
202512 122.272 163.281 125.325
202603 115.911 164.272 118.088
202606 117.051 167.357 117.051

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 1.05 mean?
Apollo Tyres (BOM:500877) has a Cyclically Adjusted PS Ratio of 1.05 as of Aug. 23, 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 Apollo Tyres and its competitors. This is 24% above median its historical median of 0.85. Over the past decade, Apollo Tyres' Cyclically Adjusted PS Ratio has ranged from 0.24 to 1.45. According to the industry distribution chart, Apollo Tyres ranks #632 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 60.9%.
Is Apollo Tyres' Cyclically Adjusted PS Ratio too high?
Apollo Tyres' current Cyclically Adjusted PS Ratio of 1.05 is 24% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.45. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Apollo Tyres' value of 1.05 is 41.9% above this industry median. Based on the distribution chart, Apollo Tyres ranks #632 out of 1037 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Apollo Tyres has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Tyres' Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Apollo Tyres ranks #632 out of 1037 companies for Cyclically Adjusted PS Ratio. This places Apollo Tyres in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Apollo Tyres' value of 1.05 is 41.9% above this benchmark. Historically, Apollo Tyres' own Cyclically Adjusted PS Ratio has ranged from 0.24 to 1.45 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.74, Apollo Tyres 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 0.74, 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. Apollo Tyres's current Cyclically Adjusted PS Ratio of 1.05 is 41.9% 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 Apollo Tyres and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Tyres's current Cyclically Adjusted PS Ratio is 1.05, which is 24% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Tyres stock overvalued right now?
Based on GuruFocus' analysis, Apollo Tyres (BOM:500877) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹547.81, compared to a current price of ₹439.70 — trading 19.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.05, which is 24% above median its 10-year median of 0.85 and 41.9% above the Vehicles & Parts industry median of 0.74. Apollo Tyres' overall GF Score™ is 86/100 with 2 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 Apollo Tyres (BOM:500877), the current Cyclically Adjusted PS Ratio is 1.05 as of Aug. 23, 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 Apollo Tyres (BOM:500877) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Tyres stock appears to be undervalued. The current stock price of ₹439.70 is trading 19.7% below its estimated GF Value™ of ₹547.81. GuruFocus considers Apollo Tyres to be Modestly Undervalued.

Key valuation signals for BOM:500877:

  • Cyclically Adjusted PS Ratio: 1.05 (24% above median its 10-year median of 0.85)
  • GF Value™: ₹547.81 vs. price of ₹439.70 (19.7% below fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 41.9% above the Vehicles & Parts median (#632 of 1037)

No single metric tells the full story. See the BOM:500877 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apollo Tyres Business Description

Other Exchanges APOLLOTYRE:India
Address 7 Institutional Area, Apollo House, Sector 32, Gurugram, HR, IND, 122001
Apollo Tyres Ltd manufactures and sells tires. The company's geographical segments are the Asia Pacific, the Middle East, Africa (APMEA), Europe, and Others. The firm's two key brands are Apollo and Vredestein. The product portfolio comprises tires for Passenger, Commercial, Off-highway vehicles, and Two-wheelers.
86GF Score

Get the complete analysis for BOM:500877

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

₹439.70
Price
₹547.81
GF Value