JSL Industries (BOM:504080) Cyclically Adjusted PS Ratio: 1.66 (As of Aug. 21, 2026) — 95% Above 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:504080 JSL Industries Ltd BOM:504080
68 GF Score
Price ₹902.80
GF Value ₹1,330.85
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is JSL Industries Cyclically Adjusted PS Ratio?

JSL Industries BOM:504080 +3.51% 68 Cyclically Adjusted PS Ratio is 1.66 as of Aug. 21, 2026, which is 95% above its 10-year median of 0.85. GuruFocus rates BOM:504080 with a GF Score™ of 68/100 and a GF Value™ of ₹1,330.85 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,283 Industrial Products companies, JSL Industries ranks better than 53.88% on this metric.

As of today (2026-08-21), JSL Industries's current share price is ₹902.80. JSL Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹542.54. JSL Industries's Cyclically Adjusted PS Ratio for today is 1.66.

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

BOM:504080' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.85   Max: 4.82
Current: 1.59

During the past years, JSL Industries's highest Cyclically Adjusted PS Ratio was 4.82. The lowest was 0.11. And the median was 0.85.

BOM:504080's Cyclically Adjusted PS Ratio is ranked better than
53.88% of 2283 companies
in the Industrial Products industry
Industry Median: 1.83 vs BOM:504080: 1.59

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.

JSL Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹147.376. 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 ₹542.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JSL Industries  (BOM:504080) 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.


JSL Industries Cyclically Adjusted PS Ratio Related Terms


JSL Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JSL Industries'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.

JSL Industries Cyclically Adjusted PS Ratio Chart

JSL Industries 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 0.36 0.60 1.59 2.82 1.82

JSL Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.82 2.93 2.21 2.06 1.82

BOM:504080 vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, JSL Industries'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.


JSL Industries Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, JSL Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:504080
68GF Score
JSL Industries Ltd BOM:504080
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSL Industries 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.

JSL Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=902.80/542.54
=1.66

* 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.

JSL Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, JSL Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=147.376/164.2724*164.2724
=147.376

Current CPI (Mar. 2026) = 164.2724.

JSL Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 84.347 105.961 130.764
201609 95.251 105.961 147.668
201612 98.835 105.196 154.339
201703 121.071 105.196 189.063
201706 91.686 107.109 140.619
201709 115.800 109.021 174.486
201712 96.584 109.404 145.023
201803 111.729 109.786 167.179
201806 114.024 111.317 168.268
201809 107.515 115.142 153.391
201812 121.078 115.142 172.741
201903 94.242 118.202 130.974
201906 113.373 120.880 154.071
201909 119.588 123.175 159.489
201912 102.645 126.235 133.574
202003 75.854 124.705 99.921
202006 71.946 127.000 93.061
202009 123.199 130.118 155.537
202012 111.565 130.889 140.020
202103 117.283 131.771 146.211
202106 100.000 134.084 122.514
202109 127.716 135.847 154.440
202112 140.474 138.161 167.023
202203 100.021 138.822 118.358
202206 97.964 142.347 113.053
202209 87.543 144.661 99.411
202212 115.622 145.763 130.304
202303 115.724 146.865 129.441
202306 106.438 150.280 116.348
202309 100.166 151.492 108.616
202312 122.675 152.924 131.778
202403 107.865 153.035 115.786
202406 118.268 155.789 124.708
202409 104.339 157.882 108.562
202412 119.156 158.323 123.634
202503 114.424 157.552 119.305
202506 103.785 159.755 106.720
202509 112.393 162.289 113.766
202512 117.111 163.281 117.822
202603 147.376 164.272 147.376

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 1.66 mean?
JSL Industries (BOM:504080) has a Cyclically Adjusted PS Ratio of 1.66 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 JSL Industries and its competitors. This is 95% above median its historical median of 0.85. Over the past decade, JSL Industries' Cyclically Adjusted PS Ratio has ranged from 0.11 to 4.82. According to the industry distribution chart, JSL Industries ranks #1053 out of 2283 companies in the Industrial Products industry, placing it in the top 46.1%.
Is JSL Industries' Cyclically Adjusted PS Ratio too high?
JSL Industries' current Cyclically Adjusted PS Ratio of 1.66 is 95% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 4.82. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.83. JSL Industries' value of 1.66 is 9.3% below this industry median. Based on the distribution chart, JSL Industries ranks #1053 out of 2283 companies in the Industrial Products industry, which is above the industry midpoint. Overall, JSL Industries has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSL Industries' Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, JSL Industries ranks #1053 out of 2283 companies for Cyclically Adjusted PS Ratio. This puts JSL Industries in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. JSL Industries' value of 1.66 is 9.3% below this benchmark. Historically, JSL Industries' own Cyclically Adjusted PS Ratio has ranged from 0.11 to 4.82 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.83, JSL Industries 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.83, based on 2,283 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. JSL Industries's current Cyclically Adjusted PS Ratio of 1.66 is 9.3% 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 JSL Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSL Industries's current Cyclically Adjusted PS Ratio is 1.66, which is 95% 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 JSL Industries stock overvalued right now?
Based on GuruFocus' analysis, JSL Industries (BOM:504080) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,330.85, compared to a current price of ₹902.80 — trading 32.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.66, which is 95% above median its 10-year median of 0.85 and 9.3% below the Industrial Products industry median of 1.83. JSL Industries' overall GF Score™ is 68/100 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 JSL Industries (BOM:504080), the current Cyclically Adjusted PS Ratio is 1.66 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 JSL Industries (BOM:504080) Overvalued in 2026?

Based on GuruFocus' analysis, JSL Industries stock appears to be undervalued. The current stock price of ₹902.80 is trading 32.2% below its estimated GF Value™ of ₹1,330.85. GuruFocus considers JSL Industries to be Significantly Undervalued.

Key valuation signals for BOM:504080:

  • Cyclically Adjusted PS Ratio: 1.66 (95% above median its 10-year median of 0.85)
  • GF Value™: ₹1,330.85 vs. price of ₹902.80 (32.2% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 9.3% below the Industrial Products median (#1053 of 2283)

No single metric tells the full story. See the BOM:504080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JSL Industries Business Description

Address N.H. No. 8, Village Mogar, Anand, GJ, IND, 388340
JSL Industries Ltd is an Indian company engaged in the manufacturing of engineering goods. It manufactures HT Indoor and Outdoor Instrument Transformers, Full and Reduced Voltage Motor Starters - Air Break and Oil Immersed, LT Power and Auxiliary Contactors, Thermal Overload Relays, LT ACBs, MCCBs, Control, and Power Switches, LT Power and Motor Control Centre, LT Switchboard, LT Distribution Boxes, Mono-Block Pumps, TEFC, SPDP, and VHS Motors, etc.
68GF Score

Get the complete analysis for BOM:504080

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

₹902.80
Price
₹1,330.85
GF Value