Bajaj Steel Industries (BOM:507944) Cyclically Adjusted PS Ratio: 1.18 (As of Aug. 20, 2026) — 35% Below 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:507944 Bajaj Steel Industries Ltd BOM:507944
71 GF Score
Price ₹357.55
GF Value ₹468.63
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Bajaj Steel Industries Cyclically Adjusted PS Ratio?

Bajaj Steel Industries BOM:507944 -0.71% 71 Cyclically Adjusted PS Ratio is 1.18 as of Aug. 20, 2026, which is 35% below its 10-year median of 1.82. GuruFocus rates BOM:507944 with a GF Score™ of 71/100 and a GF Value™ of ₹468.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,283 Industrial Products companies, Bajaj Steel Industries ranks better than 61.32% on this metric.

As of today (2026-08-20), Bajaj Steel Industries's current share price is ₹357.55. Bajaj Steel Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹302.82. Bajaj Steel Industries's Cyclically Adjusted PS Ratio for today is 1.18.

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

BOM:507944' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.82   Max: 3.01
Current: 1.18

During the past years, Bajaj Steel Industries's highest Cyclically Adjusted PS Ratio was 3.01. The lowest was 1.16. And the median was 1.82.

BOM:507944's Cyclically Adjusted PS Ratio is ranked better than
61.32% of 2283 companies
in the Industrial Products industry
Industry Median: 1.83 vs BOM:507944: 1.18

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.

Bajaj Steel Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹58.229. 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 ₹302.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bajaj Steel Industries  (BOM:507944) 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.


Bajaj Steel Industries Cyclically Adjusted PS Ratio Related Terms


Bajaj Steel Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bajaj Steel 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.

Bajaj Steel Industries Cyclically Adjusted PS Ratio Chart

Bajaj Steel 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 0.00 0.00 0.00 2.40 1.04

Bajaj Steel Industries 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 2.31 1.88 1.70 1.04 1.36

BOM:507944 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Bajaj Steel 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.


Bajaj Steel Industries Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


BOM:507944
71GF Score
Bajaj Steel Industries Ltd BOM:507944
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bajaj Steel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=357.55/302.82
=1.18

* 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.

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

For example, Bajaj Steel Industries'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)
=58.229/167.3573*167.3573
=58.229

Current CPI (Jun. 2026) = 167.3573.

Bajaj Steel Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 40.899 82.244 83.225
201212 56.172 83.774 112.216
201303 32.548 85.687 63.570
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201809 66.157 115.142 96.158
201812 78.472 115.142 114.058
201903 44.312 118.202 62.739
201906 51.457 120.880 71.242
201909 78.481 123.175 106.632
201912 54.350 126.235 72.055
202003 35.400 124.705 47.508
202006 43.606 127.000 57.463
202009 70.194 130.118 90.283
202012 77.075 130.889 98.550
202103 55.852 131.771 70.936
202106 58.088 134.084 72.503
202109 73.976 135.847 91.135
202112 75.541 138.161 91.505
202203 27.442 138.822 33.083
202206 45.882 142.347 53.943
202209 75.541 144.661 87.393
202212 77.632 145.763 89.133
202303 60.085 146.865 68.469
202306 47.436 150.280 52.826
202309 73.868 151.492 81.604
202312 60.883 152.924 66.629
202403 78.684 153.035 86.048
202406 67.827 155.789 72.864
202409 73.870 157.882 78.303
202412 65.462 158.323 69.197
202503 71.410 157.552 75.854
202506 51.737 159.755 54.199
202509 83.965 162.289 86.587
202512 60.178 163.281 61.680
202603 70.502 164.272 71.826
202606 58.229 167.357 58.229

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 1.18 mean?
Bajaj Steel Industries (BOM:507944) has a Cyclically Adjusted PS Ratio of 1.18 as of Aug. 20, 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 Bajaj Steel Industries and its competitors. This is 35% below median its historical median of 1.82. Over the past decade, Bajaj Steel Industries' Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.01. According to the industry distribution chart, Bajaj Steel Industries ranks #883 out of 2283 companies in the Industrial Products industry, placing it in the top 38.7%.
Is Bajaj Steel Industries' Cyclically Adjusted PS Ratio too high?
Bajaj Steel Industries' current Cyclically Adjusted PS Ratio of 1.18 is 35% below median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.01. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.83. Bajaj Steel Industries' value of 1.18 is 35.5% below this industry median. Based on the distribution chart, Bajaj Steel Industries ranks #883 out of 2283 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bajaj Steel Industries has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Steel Industries' Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Bajaj Steel Industries ranks #883 out of 2283 companies for Cyclically Adjusted PS Ratio. This puts Bajaj Steel Industries in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Bajaj Steel Industries' value of 1.18 is 35.5% below this benchmark. Historically, Bajaj Steel Industries' own Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.01 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.83, Bajaj Steel 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. Bajaj Steel Industries's current Cyclically Adjusted PS Ratio of 1.18 is 35.5% 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 Bajaj Steel 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. Bajaj Steel Industries's current Cyclically Adjusted PS Ratio is 1.18, which is 35% below median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Steel Industries (BOM:507944) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹468.63, compared to a current price of ₹357.55 — trading 23.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.18, which is 35% below median its 10-year median of 1.82 and 35.5% below the Industrial Products industry median of 1.83. Bajaj Steel Industries' overall GF Score™ is 71/100 with 4 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 Bajaj Steel Industries (BOM:507944), the current Cyclically Adjusted PS Ratio is 1.18 as of Aug. 20, 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 Bajaj Steel Industries (BOM:507944) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Steel Industries stock appears to be undervalued. The current stock price of ₹357.55 is trading 23.7% below its estimated GF Value™ of ₹468.63. GuruFocus considers Bajaj Steel Industries to be Modestly Undervalued.

Key valuation signals for BOM:507944:

  • Cyclically Adjusted PS Ratio: 1.18 (35% below median its 10-year median of 1.82)
  • GF Value™: ₹468.63 vs. price of ₹357.55 (23.7% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 35.5% below the Industrial Products median (#883 of 2283)

No single metric tells the full story. See the BOM:507944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Steel Industries Business Description

Other Exchanges BAJAJST:India
Address Plot No. C-108, MIDC Industrial Area, Hingna, Nagpur, MH, IND, 440 028
Bajaj Steel Industries Ltd is engaged in various segments such as Cotton Processing Machinery Division, Infrastructure Division, Heavy Engineering Division, Electrical Panel Division, Heavy Engineering Division ,Other Products. The company generates maximum revenue from the Cotton Processing Machinery segment. It manufactures products such as Cotton Ginning and Pressing Machinery, Cotton Cleaning, Cotton Conveying, Cotton Humidification Systems, Cotton Baling Presses, Cotton Seed Processing, Pre-engineered Buildings, Electrical Control Panels, Fire Fighting Systems, Hydraulic Cylinder, Power packs, Specialty Conveyors and Master Batches and others.
71GF Score

Get the complete analysis for BOM:507944

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

₹357.55
Price
₹468.63
GF Value