Garware Marine Industries (BOM:509563) Cyclically Adjusted PS Ratio: 8.33 (As of Aug. 23, 2026) — 142% Above Median

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BOM:509563 Garware Marine Industries Ltd BOM:509563
65 GF Score
Price ₹20.57
GF Value ₹24.48
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Garware Marine Industries Cyclically Adjusted PS Ratio?

Garware Marine Industries BOM:509563 -0.15% 65 Cyclically Adjusted PS Ratio is 8.33 as of Aug. 23, 2026, which is 142% above its 10-year median of 3.44. GuruFocus rates BOM:509563 with a GF Score™ of 65/100 and a GF Value™ of ₹24.48 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 225 Aerospace & Defense companies, Garware Marine Industries ranks worse than 76.44% on this metric.

As of today (2026-08-23), Garware Marine Industries's current share price is ₹20.57. Garware Marine Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹2.47. Garware Marine Industries's Cyclically Adjusted PS Ratio for today is 8.33.

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

BOM:509563' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 3.44   Max: 21.67
Current: 8.32

During the past years, Garware Marine Industries's highest Cyclically Adjusted PS Ratio was 21.67. The lowest was 0.55. And the median was 3.44.

BOM:509563's Cyclically Adjusted PS Ratio is ranked worse than
76.44% of 225 companies
in the Aerospace & Defense industry
Industry Median: 3.18 vs BOM:509563: 8.32

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.

Garware Marine Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹0.432. 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 ₹2.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Garware Marine Industries  (BOM:509563) 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.


Garware Marine Industries Cyclically Adjusted PS Ratio Related Terms


Garware Marine Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Garware Marine 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.

Garware Marine Industries Cyclically Adjusted PS Ratio Chart

Garware Marine 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 2.02 1.89 4.05 11.21 9.51

Garware Marine Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.21 13.02 11.77 10.91 9.51

BOM:509563 vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Garware Marine 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.


Garware Marine Industries Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Garware Marine Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:509563
65GF Score
Garware Marine Industries Ltd BOM:509563
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garware Marine 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.

Garware Marine Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.57/2.47
=8.33

* 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.

Garware Marine Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Garware Marine Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.432/164.2724*164.2724
=0.432

Current CPI (Mar. 2026) = 164.2724.

Garware Marine Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.303 105.961 0.470
201609 0.443 105.961 0.687
201612 0.576 105.196 0.899
201703 0.216 105.196 0.337
201706 0.398 107.109 0.610
201709 0.304 109.021 0.458
201712 0.623 109.404 0.935
201803 0.663 109.786 0.992
201806 0.771 111.317 1.138
201809 0.564 115.142 0.805
201812 0.419 115.142 0.598
201903 0.405 118.202 0.563
201906 0.563 120.880 0.765
201909 0.466 123.175 0.621
201912 0.521 126.235 0.678
202003 0.359 124.705 0.473
202006 0.284 127.000 0.367
202009 1.028 130.118 1.298
202012 0.432 130.889 0.542
202103 0.515 131.771 0.642
202106 0.658 134.084 0.806
202109 0.794 135.847 0.960
202112 0.819 138.161 0.974
202203 0.362 138.822 0.428
202206 0.565 142.347 0.652
202209 0.628 144.661 0.713
202212 0.582 145.763 0.656
202303 0.329 146.865 0.368
202306 0.318 150.280 0.348
202309 0.282 151.492 0.306
202312 0.255 152.924 0.274
202403 0.260 153.035 0.279
202406 0.703 155.789 0.741
202409 0.486 157.882 0.506
202412 0.462 158.323 0.479
202503 0.403 157.552 0.420
202506 0.511 159.755 0.525
202509 0.446 162.289 0.451
202512 0.532 163.281 0.535
202603 0.432 164.272 0.432

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 8.33 mean?
Garware Marine Industries (BOM:509563) has a Cyclically Adjusted PS Ratio of 8.33 as of Aug. 23, 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 Garware Marine Industries and its competitors. This is 142% above median its historical median of 3.44. Over the past decade, Garware Marine Industries' Cyclically Adjusted PS Ratio has ranged from 0.55 to 21.67. According to the industry distribution chart, Garware Marine Industries ranks #172 out of 225 companies in the Aerospace & Defense industry, placing it in the top 76.4%.
Is Garware Marine Industries' Cyclically Adjusted PS Ratio too high?
Garware Marine Industries' current Cyclically Adjusted PS Ratio of 8.33 is 142% above median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 21.67. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.18. Garware Marine Industries' value of 8.33 is 161.9% above this industry median. Based on the distribution chart, Garware Marine Industries ranks #172 out of 225 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Garware Marine Industries has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Marine Industries' Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Garware Marine Industries ranks #172 out of 225 companies for Cyclically Adjusted PS Ratio. This places Garware Marine Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.18. Garware Marine Industries' value of 8.33 is 161.9% above this benchmark. Historically, Garware Marine Industries' own Cyclically Adjusted PS Ratio has ranged from 0.55 to 21.67 over the past decade. While the company's 10-year median is 3.44 vs. the industry median of 3.18, Garware Marine Industries 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.18, based on 225 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. Garware Marine Industries's current Cyclically Adjusted PS Ratio of 8.33 is 161.9% 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 Garware Marine Industries and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Marine Industries's current Cyclically Adjusted PS Ratio is 8.33, which is 142% above median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Marine Industries stock overvalued right now?
Based on GuruFocus' analysis, Garware Marine Industries (BOM:509563) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹24.48, compared to a current price of ₹20.57 — trading 16% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.33, which is 142% above median its 10-year median of 3.44 and 161.9% above the Aerospace & Defense industry median of 3.18. Garware Marine Industries' overall GF Score™ is 65/100 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 Garware Marine Industries (BOM:509563), the current Cyclically Adjusted PS Ratio is 8.33 as of Aug. 23, 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 Garware Marine Industries (BOM:509563) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Marine Industries stock appears to be undervalued. The current stock price of ₹20.57 is trading 16% below its estimated GF Value™ of ₹24.48. GuruFocus considers Garware Marine Industries to be Modestly Undervalued.

Key valuation signals for BOM:509563:

  • Cyclically Adjusted PS Ratio: 8.33 (142% above median its 10-year median of 3.44)
  • GF Value™: ₹24.48 vs. price of ₹20.57 (16% below fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 161.9% above the Aerospace & Defense median (#172 of 225)

No single metric tells the full story. See the BOM:509563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garware Marine Industries Business Description

Address D.N. Road, 03rd Floor, Prospect Chambers, Fort, Mumbai, MH, IND, 400 001
Garware Marine Industries Ltd is an India-based company engaged in the repair of vessels. The principal product/service includes ship repair services. The ship repair services provided by the company include Pump overhauls, Engine overhauls, Hydraulic repairs, gearbox repair, and Pipeline and other marine fabrication jobs.
65GF Score

Get the complete analysis for BOM:509563

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

₹20.57
Price
₹24.48
GF Value