Trade Wings (BOM:509953) Cyclically Adjusted PS Ratio: 0.83 (As of Aug. 22, 2026) — 730% 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:509953 Trade Wings Ltd BOM:509953
42 GF Score
Price ₹602.20
GF Value ₹53.44
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Trade Wings Cyclically Adjusted PS Ratio?

Trade Wings BOM:509953 -1.99% 42 Cyclically Adjusted PS Ratio is 0.83 as of Aug. 22, 2026, which is 730% above its 10-year median of 0.10. GuruFocus rates BOM:509953 with a GF Score™ of 42/100 and a GF Value™ of ₹53.44 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 673 Travel & Leisure companies, Trade Wings ranks better than 62.26% on this metric.

As of today (2026-08-22), Trade Wings's current share price is ₹602.20. Trade Wings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹728.26. Trade Wings's Cyclically Adjusted PS Ratio for today is 0.83.

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

BOM:509953' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.1   Max: 1.16
Current: 0.87

During the past years, Trade Wings's highest Cyclically Adjusted PS Ratio was 1.16. The lowest was 0.07. And the median was 0.10.

BOM:509953's Cyclically Adjusted PS Ratio is ranked better than
62.26% of 673 companies
in the Travel & Leisure industry
Industry Median: 1.33 vs BOM:509953: 0.87

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.

Trade Wings's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹228.462. 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 ₹728.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trade Wings  (BOM:509953) 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.


Trade Wings Cyclically Adjusted PS Ratio Related Terms


Trade Wings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trade Wings'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.

Trade Wings Cyclically Adjusted PS Ratio Chart

Trade Wings 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 0.11 0.09 0.08 0.73

Trade Wings 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 0.08 0.07 0.07 0.59 0.73

BOM:509953 vs BKNG, ABNB, RCL: Cyclically Adjusted PS Ratio Comparison

For the Travel Services subindustry, Trade Wings'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.


Trade Wings Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trade Wings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:509953
42GF Score
Trade Wings Ltd BOM:509953
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trade Wings 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.

Trade Wings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=602.20/728.26
=0.83

* 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.

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

For example, Trade Wings'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)
=228.462/164.2724*164.2724
=228.462

Current CPI (Mar. 2026) = 164.2724.

Trade Wings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.862 94.103 20.707
201409 12.700 96.780 21.557
201412 11.862 96.780 20.134
201503 84.822 97.163 143.408
201506 13.100 99.841 21.554
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 301.663 111.317 445.171
201809 233.472 115.142 333.093
201812 219.148 115.142 312.657
201903 267.797 118.202 372.173
201906 258.022 120.880 350.645
201909 237.961 123.175 317.357
201912 248.534 126.235 323.422
202003 80.917 124.705 106.591
202006 5.981 127.000 7.736
202009 21.756 130.118 27.467
202012 49.232 130.889 61.789
202103 48.057 131.771 59.911
202106 27.899 134.084 34.180
202109 64.502 135.847 77.999
202112 109.191 138.161 129.828
202203 86.685 138.822 102.577
202206 160.942 142.347 185.731
202209 161.080 144.661 182.917
202212 194.285 145.763 218.956
202303 207.790 146.865 232.419
202306 219.529 150.280 239.969
202309 173.967 151.492 188.643
202312 206.705 152.924 222.044
202403 207.143 153.035 222.354
202406 219.381 155.789 231.327
202409 174.890 157.882 181.969
202412 225.204 158.323 233.667
202503 211.695 157.552 220.725
202506 227.060 159.755 233.480
202509 196.261 162.289 198.659
202512 223.744 163.281 225.103
202603 228.462 164.272 228.462

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 0.83 mean?
Trade Wings (BOM:509953) has a Cyclically Adjusted PS Ratio of 0.83 as of Aug. 22, 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 Trade Wings and its competitors. This is 730% above median its historical median of 0.10. Over the past decade, Trade Wings' Cyclically Adjusted PS Ratio has ranged from 0.07 to 1.16. According to the industry distribution chart, Trade Wings ranks #254 out of 673 companies in the Travel & Leisure industry, placing it in the top 37.7%.
Is Trade Wings' Cyclically Adjusted PS Ratio too high?
Trade Wings' current Cyclically Adjusted PS Ratio of 0.83 is 730% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 1.16. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.33. Trade Wings' value of 0.83 is 37.6% below this industry median. Based on the distribution chart, Trade Wings ranks #254 out of 673 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Trade Wings has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade Wings' Cyclically Adjusted PS Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Trade Wings ranks #254 out of 673 companies for Cyclically Adjusted PS Ratio. This puts Trade Wings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.33. Trade Wings' value of 0.83 is 37.6% below this benchmark. Historically, Trade Wings' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 1.16 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 1.33, Trade Wings 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.33, based on 673 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. Trade Wings's current Cyclically Adjusted PS Ratio of 0.83 is 37.6% 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 Trade Wings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade Wings's current Cyclically Adjusted PS Ratio is 0.83, which is 730% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade Wings stock overvalued right now?
Based on GuruFocus' analysis, Trade Wings (BOM:509953) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹53.44, compared to a current price of ₹602.20 — trading 1026.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.83, which is 730% above median its 10-year median of 0.10 and 37.6% below the Travel & Leisure industry median of 1.33. Trade Wings' overall GF Score™ is 42/100 with 3 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 Trade Wings (BOM:509953), the current Cyclically Adjusted PS Ratio is 0.83 as of Aug. 22, 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 Trade Wings (BOM:509953) Overvalued in 2026?

Based on GuruFocus' analysis, Trade Wings stock appears to be overvalued. The current stock price of ₹602.20 is trading 1026.9% above its estimated GF Value™ of ₹53.44. GuruFocus considers Trade Wings to be Significantly Overvalued.

Key valuation signals for BOM:509953:

  • Cyclically Adjusted PS Ratio: 0.83 (730% above median its 10-year median of 0.10)
  • GF Value™: ₹53.44 vs. price of ₹602.20 (1026.9% above fair value)
  • GF Score™: 42/100 with 3 warning signs
  • Industry Position: 37.6% below the Travel & Leisure median (#254 of 673)

No single metric tells the full story. See the BOM:509953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trade Wings Business Description

Address A-2 Kaveri CHS, Plot No.63, Sector 17, Vashi, Navi Mumbai, MH, IND, 400 705
Trade Wings Ltd is an India based company operating in the tourism industry. Its services include Business Travel, Leisure Travel, Hospitality, Logistics, and others. The company's operating segment includes Cargo and Others and Travel Related Services. It derives maximum revenue from the Travel Related Services segment.
42GF Score

Get the complete analysis for BOM:509953

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

₹602.20
Price
₹53.44
GF Value