ZF Steering Gear (India) (BOM:505163) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.
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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:505163 ZF Steering Gear (India) Ltd BOM:505163
65 GF Score
Price ₹700.85
GF Value ₹1,291.14
Valuation Significantly Undervalued
! 1 Warning Sign
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What is ZF Steering Gear (India) Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ZF Steering Gear (India)  (BOM:505163) 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.


ZF Steering Gear (India) Cyclically Adjusted PS Ratio Related Terms


ZF Steering Gear (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ZF Steering Gear (India)'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.

ZF Steering Gear (India) Cyclically Adjusted PS Ratio Chart

ZF Steering Gear (India) 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 0.84 0.84 1.56 1.84 1.06

ZF Steering Gear (India) 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 2.15 1.84 1.44 1.06 1.26

BOM:505163 vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, ZF Steering Gear (India)'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.


ZF Steering Gear (India) Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Steering Gear (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ZF Steering Gear (India)'s Cyclically Adjusted PS Ratio falls into.


BOM:505163
65GF Score
ZF Steering Gear (India) Ltd BOM:505163
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZF Steering Gear (India) 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.

ZF Steering Gear (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ZF Steering Gear (India)'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)
=157.671/167.3573*167.3573
=157.671

Current CPI (Jun. 2026) = 167.3573.

ZF Steering Gear (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201306 93.138 88.365 176.398
201309 70.603 91.042 129.785
201312 67.530 91.425 123.617
201403 89.558 91.425 163.940
201406 90.777 94.103 161.443
201409 90.967 96.780 157.304
201412 77.311 96.780 133.690
201503 105.147 97.163 181.109
201603 102.518 0.000
201703 0.000 105.196 0.000
201803 109.786 0.000
201906 105.877 120.880 146.586
201909 73.568 123.175 99.956
201912 69.468 126.235 92.098
202003 67.032 124.705 89.959
202006 15.342 127.000 20.217
202009 41.771 130.118 53.726
202012 70.834 130.889 90.570
202103 94.111 131.771 119.527
202106 57.829 134.084 72.179
202109 76.775 135.847 94.583
202112 93.946 138.161 113.799
202203 116.209 138.822 140.096
202206 121.554 142.347 142.911
202209 116.540 144.661 134.824
202212 120.430 145.763 138.271
202303 137.910 146.865 157.153
202306 133.215 150.280 148.353
202309 131.507 151.492 145.279
202312 125.092 152.924 136.898
202403 136.808 153.035 149.612
202406 141.183 155.789 151.667
202409 122.524 157.882 129.877
202412 129.589 158.323 136.984
202503 151.015 157.552 160.414
202506 146.507 159.755 153.479
202509 132.873 162.289 137.022
202512 157.859 163.281 161.800
202603 192.146 164.272 195.754
202606 157.671 167.357 157.671

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.

Is ZF Steering Gear (India) (BOM:505163) Overvalued in 2026?

Based on GuruFocus' analysis, ZF Steering Gear (India) stock appears to be undervalued. The current stock price of ₹700.85 is trading 45.7% below its estimated GF Value™ of ₹1,291.14. GuruFocus considers ZF Steering Gear (India) to be Significantly Undervalued.

Key valuation signals for BOM:505163:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,291.14 vs. price of ₹700.85 (45.7% below fair value)
  • GF Score™: 65/100 with 1 warning sign

No single metric tells the full story. See the BOM:505163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZF Steering Gear (India) Business Description

Other Exchanges ZFSTEERING:India
Address Gat No. 1242 and 1244, Village Vadu Budruk, Near Koregaon Bhima, Taluka - Shirur, Pune, MH, IND, 412 216
ZF Steering Gear (India) Ltd produces and assembles steering systems for vehicles, buses, and tractors. The segment in which the group operates includes Auto Component and Renewable Energy. The company's product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gears boxes, and power steering oil dexron II. ZF Steering operates its business activity through the plant located in Vadu Budruk, Pune. The company generates the majority of its revenue from the Auto component, which is engaged in the manufacturing of auto components.
65GF Score

Get the complete analysis for BOM:505163

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

₹700.85
Price
₹1,291.14
GF Value