Bhagwati Oxygen (BOM:509449) Cyclically Adjusted PS Ratio: 2.03 (As of Aug. 31, 2026) — 68% Above 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:509449 Bhagwati Oxygen Ltd BOM:509449
47 GF Score
Price ₹39.89
GF Value ₹30.32
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Bhagwati Oxygen Cyclically Adjusted PS Ratio?

Bhagwati Oxygen BOM:509449 +0.21% 47 Cyclically Adjusted PS Ratio is 2.03 as of Aug. 31, 2026, which is 68% above its 10-year median of 1.21. GuruFocus rates BOM:509449 with a GF Score™ of 47/100 and a GF Value™ of ₹30.32 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,269 Chemicals companies, Bhagwati Oxygen ranks worse than 61.7% on this metric.

As of today (2026-08-31), Bhagwati Oxygen's current share price is ₹39.89. Bhagwati Oxygen's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹19.61. Bhagwati Oxygen's Cyclically Adjusted PS Ratio for today is 2.03.

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

BOM:509449' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.21   Max: 2.2
Current: 1.94

During the past years, Bhagwati Oxygen's highest Cyclically Adjusted PS Ratio was 2.20. The lowest was 0.22. And the median was 1.21.

BOM:509449's Cyclically Adjusted PS Ratio is ranked worse than
61.7% of 1269 companies
in the Chemicals industry
Industry Median: 1.34 vs BOM:509449: 1.94

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.

Bhagwati Oxygen's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.569. 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 ₹19.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bhagwati Oxygen  (BOM:509449) 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.


Bhagwati Oxygen Cyclically Adjusted PS Ratio Related Terms


Bhagwati Oxygen Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bhagwati 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.

Bhagwati Oxygen Cyclically Adjusted PS Ratio Chart

Bhagwati 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 1.15 1.05 1.35 1.53 1.74

Bhagwati 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 1.94 1.94 1.94 1.74 1.74

BOM:509449 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Bhagwati 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.


Bhagwati Oxygen Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


BOM:509449
47GF Score
Bhagwati Oxygen Ltd BOM:509449
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bhagwati 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.89/19.61
=2.03

* 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.

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

For example, Bhagwati 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)
=0.569/167.3573*167.3573
=0.569

Current CPI (Jun. 2026) = 167.3573.

Bhagwati Oxygen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.562 105.961 15.102
201612 12.386 105.196 19.705
201703 11.297 105.196 17.973
201706 9.052 107.109 14.144
201709 8.485 109.021 13.025
201712 9.379 109.404 14.347
201803 9.643 109.786 14.700
201806 4.582 111.317 6.889
201809 13.726 115.142 19.951
201812 9.945 115.142 14.455
201903 4.905 118.202 6.945
201906 6.236 120.880 8.634
201909 2.762 123.175 3.753
201912 3.796 126.235 5.033
202003 0.115 124.705 0.154
202006 0.531 127.000 0.700
202009 0.868 130.118 1.116
202012 0.279 130.889 0.357
202103 0.034 131.771 0.043
202106 0.626 134.084 0.781
202109 2.794 135.847 3.442
202112 0.636 138.161 0.770
202203 0.571 138.822 0.688
202206 0.805 142.347 0.946
202209 1.242 144.661 1.437
202212 0.581 145.763 0.667
202303 0.328 146.865 0.374
202306 1.342 150.280 1.494
202309 1.002 151.492 1.107
202312 0.115 152.924 0.126
202403 0.671 153.035 0.734
202406 1.015 155.789 1.090
202409 1.322 157.882 1.401
202412 1.128 158.323 1.192
202503 0.037 157.552 0.039
202506 0.625 159.755 0.655
202509 1.261 162.289 1.300
202512 0.195 163.281 0.200
202603 0.026 164.272 0.026
202606 0.569 167.357 0.569

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 2.03 mean?
Bhagwati Oxygen (BOM:509449) has a Cyclically Adjusted PS Ratio of 2.03 as of Aug. 31, 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 Bhagwati Oxygen and its competitors. This is 68% above median its historical median of 1.21. Over the past decade, Bhagwati Oxygen's Cyclically Adjusted PS Ratio has ranged from 0.22 to 2.20. According to the industry distribution chart, Bhagwati Oxygen ranks #783 out of 1269 companies in the Chemicals industry, placing it in the top 61.7%.
Is Bhagwati Oxygen's Cyclically Adjusted PS Ratio too high?
Bhagwati Oxygen's current Cyclically Adjusted PS Ratio of 2.03 is 68% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.20. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Bhagwati Oxygen's value of 2.03 is 51.5% above this industry median. Based on the distribution chart, Bhagwati Oxygen ranks #783 out of 1269 companies in the Chemicals industry, which is below the industry midpoint. Overall, Bhagwati Oxygen has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bhagwati Oxygen's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Bhagwati Oxygen ranks #783 out of 1269 companies for Cyclically Adjusted PS Ratio. This places Bhagwati Oxygen in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Bhagwati Oxygen's value of 2.03 is 51.5% above this benchmark. Historically, Bhagwati Oxygen's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 2.20 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 1.34, Bhagwati Oxygen 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 1.34, based on 1,269 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. Bhagwati Oxygen's current Cyclically Adjusted PS Ratio of 2.03 is 51.5% 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 Bhagwati 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. Bhagwati Oxygen's current Cyclically Adjusted PS Ratio is 2.03, which is 68% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwati Oxygen stock overvalued right now?
Based on GuruFocus' analysis, Bhagwati Oxygen (BOM:509449) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹30.32, compared to a current price of ₹39.89 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.03, which is 68% above median its 10-year median of 1.21 and 51.5% above the Chemicals industry median of 1.34. Bhagwati Oxygen's overall GF Score™ is 47/100 with 5 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 Bhagwati Oxygen (BOM:509449), the current Cyclically Adjusted PS Ratio is 2.03 as of Aug. 31, 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 Bhagwati Oxygen (BOM:509449) Overvalued in 2026?

Based on GuruFocus' analysis, Bhagwati Oxygen stock appears to be overvalued. The current stock price of ₹39.89 is trading 31.6% above its estimated GF Value™ of ₹30.32. GuruFocus considers Bhagwati Oxygen to be Modestly Overvalued.

Key valuation signals for BOM:509449:

  • Cyclically Adjusted PS Ratio: 2.03 (68% above median its 10-year median of 1.21)
  • GF Value™: ₹30.32 vs. price of ₹39.89 (31.6% above fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 51.5% above the Chemicals median (#783 of 1269)

No single metric tells the full story. See the BOM:509449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bhagwati Oxygen Business Description

Address Plot No. 5, Sector 25, Ballabgarh, HR, IND, 121004
Bhagwati Oxygen Ltd is a manufacturing and engineering company with a core focus on industrial gas manufacturing, technology, systems, and equipment. It operates in two reporting segments: Gases and Power.
47GF Score

Get the complete analysis for BOM:509449

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

₹39.89
Price
₹30.32
GF Value