I C D S (BOM:511194) Cyclically Adjusted PS Ratio: 16.29 (As of Aug. 06, 2026) — 11% 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:511194 I C D S Ltd BOM:511194
76 GF Score
Price ₹43.67
GF Value ₹29.04
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is I C D S Cyclically Adjusted PS Ratio?

I C D S BOM:511194 +2.01% 76 Cyclically Adjusted PS Ratio is 16.29 as of Aug. 06, 2026, which is 11% above its 10-year median of 14.63. GuruFocus rates BOM:511194 with a GF Score™ of 76/100 and a GF Value™ of ₹29.04 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,360 Real Estate companies, I C D S ranks worse than 94.49% on this metric.

As of today (2026-08-06), I C D S's current share price is ₹43.67. I C D S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹2.68. I C D S's Cyclically Adjusted PS Ratio for today is 16.29.

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

BOM:511194' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.65   Med: 14.63   Max: 23.17
Current: 14.56

During the past years, I C D S's highest Cyclically Adjusted PS Ratio was 23.17. The lowest was 6.65. And the median was 14.63.

BOM:511194's Cyclically Adjusted PS Ratio is ranked worse than
94.49% of 1360 companies
in the Real Estate industry
Industry Median: 1.82 vs BOM:511194: 14.56

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.

I C D S's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹0.393. 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 ₹2.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


I C D S  (BOM:511194) 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.


I C D S Cyclically Adjusted PS Ratio Related Terms


I C D S Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for I C D S'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.

I C D S Cyclically Adjusted PS Ratio Chart

I C D S 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 6.65 12.93 14.64 16.87

I C D S 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 14.64 20.46 18.59 16.44 16.87

BOM:511194 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, I C D S'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.


I C D S Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, I C D S's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where I C D S's Cyclically Adjusted PS Ratio falls into.


BOM:511194
76GF Score
I C D S Ltd BOM:511194
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I C D S 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.

I C D S's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.67/2.68
=16.29

* 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.

I C D S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, I C D S'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)
=0.393/164.2724*164.2724
=0.393

Current CPI (Mar. 2026) = 164.2724.

I C D S Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.505 105.961 0.783
201609 0.380 105.961 0.589
201612 0.486 105.196 0.759
201703 0.411 105.196 0.642
201706 0.537 107.109 0.824
201709 1.850 109.021 2.788
201712 1.311 109.404 1.968
201803 0.546 109.786 0.817
201806 0.493 111.317 0.728
201809 0.502 115.142 0.716
201812 0.479 115.142 0.683
201903 0.720 118.202 1.001
201906 0.439 120.880 0.597
201909 0.347 123.175 0.463
201912 0.303 126.235 0.394
202003 0.778 124.705 1.025
202006 0.181 127.000 0.234
202009 0.202 130.118 0.255
202012 0.202 130.889 0.254
202103 0.250 131.771 0.312
202106 0.183 134.084 0.224
202109 0.230 135.847 0.278
202112 0.245 138.161 0.291
202203 0.303 138.822 0.359
202206 0.299 142.347 0.345
202209 0.355 144.661 0.403
202212 0.367 145.763 0.414
202303 0.726 146.865 0.812
202306 0.379 150.280 0.414
202309 0.438 151.492 0.475
202312 0.342 152.924 0.367
202403 1.484 153.035 1.593
202406 0.396 155.789 0.418
202409 0.408 157.882 0.425
202412 0.390 158.323 0.405
202503 1.796 157.552 1.873
202506 0.594 159.755 0.611
202509 0.402 162.289 0.407
202512 0.441 163.281 0.444
202603 0.393 164.272 0.393

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 16.29 mean?
I C D S (BOM:511194) has a Cyclically Adjusted PS Ratio of 16.29 as of Aug. 06, 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 I C D S and its competitors. This is 11% above median its historical median of 14.63. Over the past decade, I C D S's Cyclically Adjusted PS Ratio has ranged from 6.65 to 23.17. According to the industry distribution chart, I C D S ranks #1285 out of 1360 companies in the Real Estate industry, placing it in the top 94.5%.
Is I C D S's Cyclically Adjusted PS Ratio too high?
I C D S's current Cyclically Adjusted PS Ratio of 16.29 is 11% above median its 10-year median of 14.63. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 23.17. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.82. I C D S's value of 16.29 is 795.1% above this industry median. Based on the distribution chart, I C D S ranks #1285 out of 1360 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, I C D S has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does I C D S's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, I C D S ranks #1285 out of 1360 companies for Cyclically Adjusted PS Ratio. This places I C D S in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. I C D S's value of 16.29 is 795.1% above this benchmark. Historically, I C D S's own Cyclically Adjusted PS Ratio has ranged from 6.65 to 23.17 over the past decade. While the company's 10-year median is 14.63 vs. the industry median of 1.82, I C D S 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.82, based on 1,360 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. I C D S's current Cyclically Adjusted PS Ratio of 16.29 is 795.1% 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 I C D S and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. I C D S's current Cyclically Adjusted PS Ratio is 16.29, which is 11% above median its own 10-year median of 14.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I C D S stock overvalued right now?
Based on GuruFocus' analysis, I C D S (BOM:511194) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹29.04, compared to a current price of ₹43.67 — trading 50.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.29, which is 11% above median its 10-year median of 14.63 and 795.1% above the Real Estate industry median of 1.82. I C D S's overall GF Score™ is 76/100 with 1 warning sign 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 I C D S (BOM:511194), the current Cyclically Adjusted PS Ratio is 16.29 as of Aug. 06, 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 I C D S (BOM:511194) Overvalued in 2026?

Based on GuruFocus' analysis, I C D S stock appears to be overvalued. The current stock price of ₹43.67 is trading 50.4% above its estimated GF Value™ of ₹29.04. GuruFocus considers I C D S to be Significantly Overvalued.

Key valuation signals for BOM:511194:

  • Cyclically Adjusted PS Ratio: 16.29 (11% above median its 10-year median of 14.63)
  • GF Value™: ₹29.04 vs. price of ₹43.67 (50.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 795.1% above the Real Estate median (#1285 of 1360)

No single metric tells the full story. See the BOM:511194 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


I C D S Business Description

Other Exchanges ICDSLTD:India
Address Syndicate House, P.B. No 46, Upendra Nagar, Manipal, KA, IND, 576 104
I C D S Ltd is a Non-Banking Financial Company (NBFC). The company is presently concentrating on the recovery of its dues and repaying its liabilities. It is also engaged in trading activities of shares and securities, rental revenue from investment properties, and marketing of life insurance products and general insurance companies. The company's operating segment includes Financial Services (recovery of loans and advances), trading activities of shares & securities, rent on premises, and others. The company generates maximum revenue from the rent on premises segment. The company only operates in India.
76GF Score

Get the complete analysis for BOM:511194

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

₹43.67
Price
₹29.04
GF Value