Key (BOM:507948) Cyclically Adjusted PS Ratio: 20.61 (As of Aug. 08, 2026) — 73% Above Median

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BOM:507948 Key Corp Ltd BOM:507948
55 GF Score
Price ₹82.63
GF Value ₹79.39
Valuation Fairly Valued
! 2 Warning Signs
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What is Key Cyclically Adjusted PS Ratio?

Key BOM:507948 +4.99% 55 Cyclically Adjusted PS Ratio is 20.61 as of Aug. 08, 2026, which is 73% above its 10-year median of 11.89. GuruFocus rates BOM:507948 with a GF Score™ of 55/100 and a GF Value™ of ₹79.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 423 Credit Services companies, Key ranks worse than 90.07% on this metric.

As of today (2026-08-08), Key's current share price is ₹82.63. Key's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹4.01. Key's Cyclically Adjusted PS Ratio for today is 20.61.

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

BOM:507948' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.32   Med: 11.89   Max: 74.65
Current: 18.45

During the past years, Key's highest Cyclically Adjusted PS Ratio was 74.65. The lowest was 1.32. And the median was 11.89.

BOM:507948's Cyclically Adjusted PS Ratio is ranked worse than
90.07% of 423 companies
in the Credit Services industry
Industry Median: 3.17 vs BOM:507948: 18.45

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.

Key's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.131. 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 ₹4.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Key  (BOM:507948) 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.


Key Cyclically Adjusted PS Ratio Related Terms


Key Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Key'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.

Key Cyclically Adjusted PS Ratio Chart

Key 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 9.79 9.96 20.01 44.26 14.76

Key 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 30.94 27.32 22.16 14.76 14.84

BOM:507948 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Key'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.


Key Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Key's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:507948
55GF Score
Key Corp Ltd BOM:507948
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Key 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.

Key's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=82.63/4.01
=20.61

* 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.

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

For example, Key'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)
=0.131/166.1454*166.1454
=0.131

Current CPI (Jun. 2026) = 166.1454.

Key Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.580 105.961 0.909
201612 0.673 105.196 1.063
201703 1.303 105.196 2.058
201706 1.502 107.109 2.330
201709 0.401 109.021 0.611
201712 1.056 109.404 1.604
201803 2.143 109.786 3.243
201806 0.473 111.317 0.706
201809 0.471 115.142 0.680
201812 0.601 115.142 0.867
201903 1.542 118.202 2.167
201906 0.357 120.880 0.491
201909 0.745 123.175 1.005
201912 0.444 126.235 0.584
202003 1.490 124.705 1.985
202006 0.248 127.000 0.324
202009 10.101 130.118 12.898
202012 0.131 130.889 0.166
202103 0.430 131.771 0.542
202106 0.225 134.084 0.279
202109 0.178 135.847 0.218
202112 0.164 138.161 0.197
202203 0.779 138.822 0.932
202206 0.132 142.347 0.154
202209 0.186 144.661 0.214
202212 0.076 145.763 0.087
202303 0.995 146.865 1.126
202306 0.123 150.280 0.136
202309 0.116 151.492 0.127
202312 0.234 152.924 0.254
202403 0.667 153.035 0.724
202406 0.132 155.789 0.141
202409 0.138 157.882 0.145
202412 0.156 158.323 0.164
202503 0.187 157.552 0.197
202506 0.145 159.755 0.151
202509 0.146 162.289 0.149
202512 0.141 163.281 0.143
202603 0.192 164.272 0.194
202606 0.131 166.145 0.131

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 20.61 mean?
Key (BOM:507948) has a Cyclically Adjusted PS Ratio of 20.61 as of Aug. 08, 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 Key and its competitors. This is 73% above median its historical median of 11.89. Over the past decade, Key's Cyclically Adjusted PS Ratio has ranged from 1.32 to 74.65. According to the industry distribution chart, Key ranks #381 out of 423 companies in the Credit Services industry, placing it in the top 90.1%.
Is Key's Cyclically Adjusted PS Ratio too high?
Key's current Cyclically Adjusted PS Ratio of 20.61 is 73% above median its 10-year median of 11.89. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 74.65. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.17. Key's value of 20.61 is 550.2% above this industry median. Based on the distribution chart, Key ranks #381 out of 423 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Key has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Key's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Key ranks #381 out of 423 companies for Cyclically Adjusted PS Ratio. This places Key in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.17. Key's value of 20.61 is 550.2% above this benchmark. Historically, Key's own Cyclically Adjusted PS Ratio has ranged from 1.32 to 74.65 over the past decade. While the company's 10-year median is 11.89 vs. the industry median of 3.17, Key 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.17, based on 423 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. Key's current Cyclically Adjusted PS Ratio of 20.61 is 550.2% 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 Key and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Key's current Cyclically Adjusted PS Ratio is 20.61, which is 73% above median its own 10-year median of 11.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key stock overvalued right now?
Based on GuruFocus' analysis, Key (BOM:507948) is currently considered Fairly Valued. The stock's GF Value™ is ₹79.39, compared to a current price of ₹82.63 — trading 4.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 20.61, which is 73% above median its 10-year median of 11.89 and 550.2% above the Credit Services industry median of 3.17. Key's overall GF Score™ is 55/100 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 Key (BOM:507948), the current Cyclically Adjusted PS Ratio is 20.61 as of Aug. 08, 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 Key (BOM:507948) Overvalued in 2026?

Based on GuruFocus' analysis, Key stock appears to be overvalued. The current stock price of ₹82.63 is trading 4.1% above its estimated GF Value™ of ₹79.39. GuruFocus considers Key to be Fairly Valued.

Key valuation signals for BOM:507948:

  • Cyclically Adjusted PS Ratio: 20.61 (73% above median its 10-year median of 11.89)
  • GF Value™: ₹79.39 vs. price of ₹82.63 (4.1% above fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 550.2% above the Credit Services median (#381 of 423)

No single metric tells the full story. See the BOM:507948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Key Business Description

Address 16/16-A, Civil Lines, Kanpur, UP, IND, 208001
Key Corp Ltd is an Indian non-banking financial company. The company is engaged in the provision of hire purchase services. It is engaged in vehicle financing and investments in mutual funds. The company generates revenue in the form of interest and fees, and commission income.
55GF Score

Get the complete analysis for BOM:507948

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

₹82.63
Price
₹79.39
GF Value