National Oxygen (BOM:507813) Cyclically Adjusted PS Ratio: 0.54 (As of Sep. 03, 2026) — 47% Below Median

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BOM:507813 National Oxygen Ltd BOM:507813
38 GF Score
Price ₹57.69
GF Value ₹49.76
Valuation Modestly Overvalued
! 6 Warning Signs
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What is National Oxygen Cyclically Adjusted PS Ratio?

National Oxygen BOM:507813 +0.26% 38 Cyclically Adjusted PS Ratio is 0.54 as of Sep. 03, 2026, which is 47% below its 10-year median of 1.02. GuruFocus rates BOM:507813 with a GF Score™ of 38/100 and a GF Value™ of ₹49.76 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,268 Chemicals companies, National Oxygen ranks better than 78.15% on this metric.

As of today (2026-09-03), National Oxygen's current share price is ₹57.69. National Oxygen's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹107.20. National Oxygen's Cyclically Adjusted PS Ratio for today is 0.54.

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

BOM:507813' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.02   Max: 2.22
Current: 0.54

During the past years, National Oxygen's highest Cyclically Adjusted PS Ratio was 2.22. The lowest was 0.36. And the median was 1.02.

BOM:507813's Cyclically Adjusted PS Ratio is ranked better than
78.15% of 1268 companies
in the Chemicals industry
Industry Median: 1.34 vs BOM:507813: 0.54

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.

National Oxygen's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹6.040. 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 ₹107.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Oxygen  (BOM:507813) 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.


National Oxygen Cyclically Adjusted PS Ratio Related Terms


National Oxygen Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for National Oxygen'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.

National Oxygen Cyclically Adjusted PS Ratio Chart

National Oxygen 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 0.87 0.84 1.02 0.98 0.53

National Oxygen 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 1.09 1.01 0.69 0.53 0.46

BOM:507813 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, National Oxygen'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.


National Oxygen Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


BOM:507813
38GF Score
National Oxygen Ltd BOM:507813
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Oxygen 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.

National Oxygen's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=57.69/107.20
=0.54

* 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.

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

For example, National Oxygen'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)
=6.04/167.3573*167.3573
=6.040

Current CPI (Jun. 2026) = 167.3573.

National Oxygen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 20.258 105.961 31.996
201612 16.853 105.196 26.812
201703 19.344 105.196 30.775
201706 19.920 107.109 31.125
201709 20.299 109.021 31.161
201712 22.067 109.404 33.756
201803 22.583 109.786 34.425
201806 22.377 111.317 33.642
201809 24.565 115.142 35.705
201812 25.149 115.142 36.554
201903 24.127 118.202 34.160
201906 22.764 120.880 31.517
201909 23.728 123.175 32.239
201912 22.925 126.235 30.393
202003 21.900 124.705 29.390
202006 13.732 127.000 18.096
202009 18.254 130.118 23.478
202012 26.249 130.889 33.562
202103 24.576 131.771 31.213
202106 27.966 134.084 34.906
202109 27.314 135.847 33.650
202112 24.527 138.161 29.710
202203 25.532 138.822 30.780
202206 26.698 142.347 31.389
202209 24.464 144.661 28.302
202212 24.714 145.763 28.375
202303 25.143 146.865 28.651
202306 23.210 150.280 25.847
202309 24.663 151.492 27.246
202312 23.532 152.924 25.753
202403 19.168 153.035 20.962
202406 20.960 155.789 22.516
202409 21.014 157.882 22.275
202412 21.391 158.323 22.612
202503 17.148 157.552 18.215
202506 12.855 159.755 13.467
202509 12.635 162.289 13.030
202512 9.994 163.281 10.244
202603 7.858 164.272 8.006
202606 6.040 167.357 6.040

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 0.54 mean?
National Oxygen (BOM:507813) has a Cyclically Adjusted PS Ratio of 0.54 as of Sep. 03, 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 National Oxygen and its competitors. This is 47% below median its historical median of 1.02. Over the past decade, National Oxygen's Cyclically Adjusted PS Ratio has ranged from 0.36 to 2.22. According to the industry distribution chart, National Oxygen ranks #277 out of 1268 companies in the Chemicals industry, placing it in the top 21.8%.
Is National Oxygen's Cyclically Adjusted PS Ratio too high?
National Oxygen's current Cyclically Adjusted PS Ratio of 0.54 is 47% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.22. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. National Oxygen's value of 0.54 is 59.7% below this industry median. Based on the distribution chart, National Oxygen ranks #277 out of 1268 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, National Oxygen has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Oxygen's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, National Oxygen ranks #277 out of 1268 companies for Cyclically Adjusted PS Ratio. This places National Oxygen in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.34. National Oxygen's value of 0.54 is 59.7% below this benchmark. Historically, National Oxygen's own Cyclically Adjusted PS Ratio has ranged from 0.36 to 2.22 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.34, National Oxygen 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 a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,268 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. National Oxygen's current Cyclically Adjusted PS Ratio of 0.54 is 59.7% 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 National Oxygen and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Oxygen's current Cyclically Adjusted PS Ratio is 0.54, which is 47% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Oxygen stock overvalued right now?
Based on GuruFocus' analysis, National Oxygen (BOM:507813) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹49.76, compared to a current price of ₹57.69 — trading 15.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.54, which is 47% below median its 10-year median of 1.02 and 59.7% below the Chemicals industry median of 1.34. National Oxygen's overall GF Score™ is 38/100 with 6 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 National Oxygen (BOM:507813), the current Cyclically Adjusted PS Ratio is 0.54 as of Sep. 03, 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 National Oxygen (BOM:507813) Overvalued in 2026?

Based on GuruFocus' analysis, National Oxygen stock appears to be overvalued. The current stock price of ₹57.69 is trading 15.9% above its estimated GF Value™ of ₹49.76. GuruFocus considers National Oxygen to be Modestly Overvalued.

Key valuation signals for BOM:507813:

  • Cyclically Adjusted PS Ratio: 0.54 (47% below median its 10-year median of 1.02)
  • GF Value™: ₹49.76 vs. price of ₹57.69 (15.9% above fair value)
  • GF Score™: 38/100 with 6 warning signs
  • Industry Position: 59.7% below the Chemicals median (#277 of 1268)

No single metric tells the full story. See the BOM:507813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Oxygen Business Description

Address No. 4 (Old No.149), Montieth Road, Door no. S-1, 2nd Floor, Alsa Mall, Egmore, Chennai, TN, IND, 600 008
National Oxygen Ltd is an Indian company engaged in manufacturing industrial gases, such as Oxygen and Nitrogen. It is a supplier of industrial gases both in liquid and gaseous forms. The company's products include Industrial liquid oxygen, Industrial gaseous oxygen, Industrial liquid nitrogen, and dissolved acetylene gas. The product's applications involve blast furnaces, copper smelting, the manufacture of explosives, heart stimulation, cryogenic preservation, and cutting and welding. The group derives key revenue from India.
38GF Score

Get the complete analysis for BOM:507813

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

₹57.69
Price
₹49.76
GF Value