Aviva Industries (BOM:512109) Cyclically Adjusted PS Ratio: 1.50 (As of Aug. 31, 2026) — 53% Below Median

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BOM:512109 Aviva Industries Ltd BOM:512109
56 GF Score
Price ₹60.90
GF Value ₹993.85
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Aviva Industries Cyclically Adjusted PS Ratio?

Aviva Industries BOM:512109 56 Cyclically Adjusted PS Ratio is 1.50 as of Aug. 31, 2026, which is 53% below its 10-year median of 3.17. GuruFocus rates BOM:512109 with a GF Score™ of 56/100 and a GF Value™ of ₹993.85 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 322 Building Materials companies, Aviva Industries ranks worse than 60.56% on this metric.

As of today (2026-08-31), Aviva Industries's current share price is ₹60.90. Aviva Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹40.47. Aviva Industries's Cyclically Adjusted PS Ratio for today is 1.50.

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

BOM:512109' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 3.17   Max: 7.46
Current: 1.5

During the past years, Aviva Industries's highest Cyclically Adjusted PS Ratio was 7.46. The lowest was 0.36. And the median was 3.17.

BOM:512109's Cyclically Adjusted PS Ratio is ranked worse than
60.56% of 322 companies
in the Building Materials industry
Industry Median: 1.005 vs BOM:512109: 1.50

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.

Aviva Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹12.520. 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 ₹40.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aviva Industries  (BOM:512109) 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.


Aviva Industries Cyclically Adjusted PS Ratio Related Terms


Aviva Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aviva 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.

Aviva Industries Cyclically Adjusted PS Ratio Chart

Aviva 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 2.25 3.80 3.25 4.56 1.52

Aviva Industries 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 0.00 4.25 1.55 1.52 1.52

BOM:512109 vs CRH, MLM, VMC: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Aviva 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.


Aviva Industries Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Aviva Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:512109
56GF Score
Aviva Industries Ltd BOM:512109
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aviva 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60.90/40.47
=1.50

* 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.

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

For example, Aviva Industries'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)
=12.52/167.3573*167.3573
=12.520

Current CPI (Jun. 2026) = 167.3573.

Aviva Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 0.000 105.196 0.000
201706 7.971 107.109 12.455
201709 0.000 109.021 0.000
201712 1.300 109.404 1.989
201803 0.000 109.786 0.000
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 0.000 118.202 0.000
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 0.000 124.705 0.000
202006 0.000 127.000 0.000
202009 0.000 130.118 0.000
202012 0.000 130.889 0.000
202103 0.624 131.771 0.793
202106 0.000 134.084 0.000
202109 1.161 135.847 1.430
202112 0.771 138.161 0.934
202203 0.420 138.822 0.506
202206 1.059 142.347 1.245
202209 0.749 144.661 0.867
202212 2.137 145.763 2.454
202303 0.595 146.865 0.678
202306 1.970 150.280 2.194
202309 1.131 151.492 1.249
202312 0.000 152.924 0.000
202403 0.512 153.035 0.560
202406 0.000 155.789 0.000
202409 0.000 157.882 0.000
202412 0.000 158.323 0.000
202503 0.214 157.552 0.227
202506 0.000 159.755 0.000
202509 20.050 162.289 20.676
202512 91.948 163.281 94.244
202603 26.598 164.272 27.097
202606 12.520 167.357 12.520

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 1.50 mean?
Aviva Industries (BOM:512109) has a Cyclically Adjusted PS Ratio of 1.50 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 Aviva Industries and its competitors. This is 53% below median its historical median of 3.17. Over the past decade, Aviva Industries' Cyclically Adjusted PS Ratio has ranged from 0.36 to 7.46. According to the industry distribution chart, Aviva Industries ranks #195 out of 322 companies in the Building Materials industry, placing it in the top 60.6%.
Is Aviva Industries' Cyclically Adjusted PS Ratio too high?
Aviva Industries' current Cyclically Adjusted PS Ratio of 1.50 is 53% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 7.46. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.01. Aviva Industries' value of 1.50 is 49.3% above this industry median. Based on the distribution chart, Aviva Industries ranks #195 out of 322 companies in the Building Materials industry, which is below the industry midpoint. Overall, Aviva Industries has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aviva Industries' Cyclically Adjusted PS Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Aviva Industries ranks #195 out of 322 companies for Cyclically Adjusted PS Ratio. This places Aviva Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.01. Aviva Industries' value of 1.50 is 49.3% above this benchmark. Historically, Aviva Industries' own Cyclically Adjusted PS Ratio has ranged from 0.36 to 7.46 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.01, Aviva 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 a Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.01, based on 322 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. Aviva Industries's current Cyclically Adjusted PS Ratio of 1.50 is 49.3% 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 Aviva Industries and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviva Industries's current Cyclically Adjusted PS Ratio is 1.50, which is 53% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviva Industries stock overvalued right now?
Based on GuruFocus' analysis, Aviva Industries (BOM:512109) is currently considered Possible Value Trap. The stock's GF Value™ is ₹993.85, compared to a current price of ₹60.90 — trading 93.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.50, which is 53% below median its 10-year median of 3.17 and 49.3% above the Building Materials industry median of 1.01. Aviva Industries' overall GF Score™ is 56/100 with 4 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 Aviva Industries (BOM:512109), the current Cyclically Adjusted PS Ratio is 1.50 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 Aviva Industries (BOM:512109) Overvalued in 2026?

Based on GuruFocus' analysis, Aviva Industries stock appears to be undervalued. The current stock price of ₹60.90 is trading 93.9% below its estimated GF Value™ of ₹993.85. GuruFocus considers Aviva Industries to be Possible Value Trap.

Key valuation signals for BOM:512109:

  • Cyclically Adjusted PS Ratio: 1.50 (53% below median its 10-year median of 3.17)
  • GF Value™: ₹993.85 vs. price of ₹60.90 (93.9% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 49.3% above the Building Materials median (#195 of 322)

No single metric tells the full story. See the BOM:512109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aviva Industries Business Description

Address S. G. Highway, Near Thaltej Cross Road, C-3/1001, Anushruti Tower, Near Jain Temple, Opposite New York Tower, Ahmedabad, GJ, IND, 380054
Aviva Industries Ltd is engaged in the manufacturing and trading of glass in primary and semi-manufactured forms. The company's core business is trading and Manufacturing of Glass and Glass Mosaic Products and Construction Chemicals.
56GF Score

Get the complete analysis for BOM:512109

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

₹60.90
Price
₹993.85
GF Value