Ultramarine & Pigments (BOM:506685) Cyclically Adjusted PS Ratio: 2.20 (As of Aug. 27, 2026) — 24% Below Median

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BOM:506685 Ultramarine & Pigments Ltd BOM:506685
77 GF Score
Price ₹423.20
GF Value ₹606.61
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ultramarine & Pigments Cyclically Adjusted PS Ratio?

Ultramarine & Pigments BOM:506685 -2.17% 77 Cyclically Adjusted PS Ratio is 2.20 as of Aug. 27, 2026, which is 24% below its 10-year median of 2.89. GuruFocus rates BOM:506685 with a GF Score™ of 77/100 and a GF Value™ of ₹606.61 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,273 Chemicals companies, Ultramarine & Pigments ranks worse than 66.22% on this metric.

As of today (2026-08-27), Ultramarine & Pigments's current share price is ₹423.20. Ultramarine & Pigments's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹192.51. Ultramarine & Pigments's Cyclically Adjusted PS Ratio for today is 2.20.

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

BOM:506685' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.96   Med: 2.89   Max: 4.66
Current: 2.18

During the past years, Ultramarine & Pigments's highest Cyclically Adjusted PS Ratio was 4.66. The lowest was 1.96. And the median was 2.89.

BOM:506685's Cyclically Adjusted PS Ratio is ranked worse than
66.22% of 1273 companies
in the Chemicals industry
Industry Median: 1.32 vs BOM:506685: 2.18

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.

Ultramarine & Pigments's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹82.189. 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 ₹192.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultramarine & Pigments  (BOM:506685) 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.


Ultramarine & Pigments Cyclically Adjusted PS Ratio Related Terms


Ultramarine & Pigments Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ultramarine & Pigments'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.

Ultramarine & Pigments Cyclically Adjusted PS Ratio Chart

Ultramarine & Pigments 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 2.93 2.55 2.30 2.92 1.99

Ultramarine & Pigments 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 3.02 2.69 2.34 1.99 1.99

BOM:506685 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Ultramarine & Pigments'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.


Ultramarine & Pigments Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


BOM:506685
77GF Score
Ultramarine & Pigments Ltd BOM:506685
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultramarine & Pigments 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.

Ultramarine & Pigments's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=423.20/192.51
=2.20

* 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.

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

For example, Ultramarine & Pigments'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)
=82.189/167.3573*167.3573
=82.189

Current CPI (Jun. 2026) = 167.3573.

Ultramarine & Pigments Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 21.808 105.961 34.444
201612 23.334 105.196 37.122
201703 23.120 105.196 36.782
201706 21.801 107.109 34.064
201709 22.237 109.021 34.136
201712 26.032 109.404 39.822
201803 24.977 109.786 38.075
201806 26.151 111.317 39.316
201809 25.602 115.142 37.212
201812 28.323 115.142 41.167
201903 24.302 118.202 34.408
201906 24.217 120.880 33.528
201909 27.358 123.175 37.171
201912 28.007 126.235 37.130
202003 24.522 124.705 32.909
202006 20.806 127.000 27.418
202009 26.231 130.118 33.738
202012 28.774 130.889 36.791
202103 29.222 131.771 37.114
202106 30.279 134.084 37.793
202109 40.393 135.847 49.762
202112 52.641 138.161 63.765
202203 44.023 138.822 53.072
202206 44.728 142.347 52.587
202209 51.945 144.661 60.095
202212 51.239 145.763 58.830
202303 41.947 146.865 47.800
202306 44.663 150.280 49.738
202309 50.120 151.492 55.369
202312 50.743 152.924 55.532
202403 45.735 153.035 50.015
202406 54.936 155.789 59.015
202409 55.097 157.882 58.404
202412 61.065 158.323 64.550
202503 66.702 157.552 70.853
202506 63.103 159.755 66.106
202509 67.145 162.289 69.242
202512 67.005 163.281 68.678
202603 68.110 164.272 69.389
202606 82.189 167.357 82.189

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 2.20 mean?
Ultramarine & Pigments (BOM:506685) has a Cyclically Adjusted PS Ratio of 2.20 as of Aug. 27, 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 Ultramarine & Pigments and its competitors. This is 24% below median its historical median of 2.89. Over the past decade, Ultramarine & Pigments' Cyclically Adjusted PS Ratio has ranged from 1.96 to 4.66. According to the industry distribution chart, Ultramarine & Pigments ranks #843 out of 1273 companies in the Chemicals industry, placing it in the top 66.2%.
Is Ultramarine & Pigments' Cyclically Adjusted PS Ratio too high?
Ultramarine & Pigments' current Cyclically Adjusted PS Ratio of 2.20 is 24% below median its 10-year median of 2.89. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 4.66. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Ultramarine & Pigments' value of 2.20 is 66.7% above this industry median. Based on the distribution chart, Ultramarine & Pigments ranks #843 out of 1273 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ultramarine & Pigments has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultramarine & Pigments' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ultramarine & Pigments ranks #843 out of 1273 companies for Cyclically Adjusted PS Ratio. This places Ultramarine & Pigments in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Ultramarine & Pigments' value of 2.20 is 66.7% above this benchmark. Historically, Ultramarine & Pigments' own Cyclically Adjusted PS Ratio has ranged from 1.96 to 4.66 over the past decade. While the company's 10-year median is 2.89 vs. the industry median of 1.32, Ultramarine & Pigments 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.32, based on 1,273 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. Ultramarine & Pigments's current Cyclically Adjusted PS Ratio of 2.20 is 66.7% 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 Ultramarine & Pigments and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultramarine & Pigments's current Cyclically Adjusted PS Ratio is 2.20, which is 24% below median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultramarine & Pigments stock overvalued right now?
Based on GuruFocus' analysis, Ultramarine & Pigments (BOM:506685) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹606.61, compared to a current price of ₹423.20 — trading 30.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.20, which is 24% below median its 10-year median of 2.89 and 66.7% above the Chemicals industry median of 1.32. Ultramarine & Pigments' overall GF Score™ is 77/100 with 3 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 Ultramarine & Pigments (BOM:506685), the current Cyclically Adjusted PS Ratio is 2.20 as of Aug. 27, 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 Ultramarine & Pigments (BOM:506685) Overvalued in 2026?

Based on GuruFocus' analysis, Ultramarine & Pigments stock appears to be undervalued. The current stock price of ₹423.20 is trading 30.2% below its estimated GF Value™ of ₹606.61. GuruFocus considers Ultramarine & Pigments to be Significantly Undervalued.

Key valuation signals for BOM:506685:

  • Cyclically Adjusted PS Ratio: 2.20 (24% below median its 10-year median of 2.89)
  • GF Value™: ₹606.61 vs. price of ₹423.20 (30.2% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 66.7% above the Chemicals median (#843 of 1273)

No single metric tells the full story. See the BOM:506685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ultramarine & Pigments Business Description

Other Exchanges ULTRAMAR:India
Address Thirumalai House, Road No. 29, Plot No. 101 -102, Near Sion Hill Fort, Sion (East), Mumbai, MH, IND, 400 022
Ultramarine & Pigments Ltd is an Indian company engaged in offering surfactants, pigments, and information technology-enabled services (ITES). The company operates through three segments namely; Chemicals and Allied Products, IT-enabled Services, and Wind Turbine Generator. The organization generates power from a wind turbine. The company generates maximum revenue from Chemicals and Allied Products.
77GF Score

Get the complete analysis for BOM:506685

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

₹423.20
Price
₹606.61
GF Value