Hindustan Adhesives (BOM:514428) Cyclically Adjusted PS Ratio: 0.64 (As of Sep. 01, 2026) — 16% Below 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:514428 Hindustan Adhesives Ltd BOM:514428
58 GF Score
Price ₹348.90
GF Value ₹310.07
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Hindustan Adhesives Cyclically Adjusted PS Ratio?

Hindustan Adhesives BOM:514428 -0.88% 58 Cyclically Adjusted PS Ratio is 0.64 as of Sep. 01, 2026, which is 16% below its 10-year median of 0.76. GuruFocus rates BOM:514428 with a GF Score™ of 58/100 and a GF Value™ of ₹310.07 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,269 Chemicals companies, Hindustan Adhesives ranks better than 71.79% on this metric.

As of today (2026-09-01), Hindustan Adhesives's current share price is ₹348.90. Hindustan Adhesives's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹543.76. Hindustan Adhesives's Cyclically Adjusted PS Ratio for today is 0.64.

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

BOM:514428' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.76   Max: 1.89
Current: 0.65

During the past years, Hindustan Adhesives's highest Cyclically Adjusted PS Ratio was 1.89. The lowest was 0.41. And the median was 0.76.

BOM:514428's Cyclically Adjusted PS Ratio is ranked better than
71.79% of 1269 companies
in the Chemicals industry
Industry Median: 1.34 vs BOM:514428: 0.65

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.

Hindustan Adhesives's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹155.938. 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 ₹543.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Adhesives  (BOM:514428) 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.


Hindustan Adhesives Cyclically Adjusted PS Ratio Related Terms


Hindustan Adhesives Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hindustan Adhesives'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.

Hindustan Adhesives Cyclically Adjusted PS Ratio Chart

Hindustan Adhesives 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 1.62 0.51 0.84 0.70 0.53

Hindustan Adhesives 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 0.70 0.66 0.63 0.53 0.47

BOM:514428 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Hindustan Adhesives'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.


Hindustan Adhesives Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


BOM:514428
58GF Score
Hindustan Adhesives Ltd BOM:514428
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Adhesives 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.

Hindustan Adhesives's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=348.90/543.76
=0.64

* 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.

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

For example, Hindustan Adhesives'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)
=155.938/167.3573*167.3573
=155.938

Current CPI (Jun. 2026) = 167.3573.

Hindustan Adhesives Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 36.508 102.518 59.598
201606 35.316 105.961 55.779
201703 40.600 105.196 64.591
201706 30.714 107.109 47.991
201709 36.240 109.021 55.632
201712 36.918 109.404 56.474
201803 39.490 109.786 60.198
201806 48.154 111.317 72.396
201809 69.103 115.142 100.440
201812 71.027 115.142 103.237
201903 81.656 118.202 115.613
201906 78.746 120.880 109.023
201909 79.480 123.175 107.989
201912 77.891 126.235 103.265
202003 61.870 124.705 83.031
202006 82.670 127.000 108.940
202009 84.645 130.118 108.870
202012 101.034 130.889 129.184
202103 147.448 131.771 187.269
202106 164.660 134.084 205.521
202109 201.914 135.847 248.749
202112 264.343 138.161 320.205
202203 246.212 138.822 296.822
202206 230.727 142.347 271.265
202209 143.044 144.661 165.486
202212 148.476 145.763 170.472
202303 101.565 146.865 115.737
202306 158.368 150.280 176.364
202309 158.449 151.492 175.043
202312 137.436 152.924 150.407
202403 137.581 153.035 150.457
202406 125.117 155.789 134.408
202409 164.954 157.882 174.854
202412 141.616 158.323 149.697
202503 124.648 157.552 132.406
202506 129.769 159.755 135.944
202509 126.245 162.289 130.187
202512 130.064 163.281 133.311
202603 112.666 164.272 114.782
202606 155.938 167.357 155.938

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 0.64 mean?
Hindustan Adhesives (BOM:514428) has a Cyclically Adjusted PS Ratio of 0.64 as of Sep. 01, 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 Hindustan Adhesives and its competitors. This is 16% below median its historical median of 0.76. Over the past decade, Hindustan Adhesives' Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.89. According to the industry distribution chart, Hindustan Adhesives ranks #358 out of 1269 companies in the Chemicals industry, placing it in the top 28.2%.
Is Hindustan Adhesives' Cyclically Adjusted PS Ratio too high?
Hindustan Adhesives' current Cyclically Adjusted PS Ratio of 0.64 is 16% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.89. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Hindustan Adhesives' value of 0.64 is 52.2% below this industry median. Based on the distribution chart, Hindustan Adhesives ranks #358 out of 1269 companies in the Chemicals industry, which is above the industry midpoint. Overall, Hindustan Adhesives has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Adhesives' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hindustan Adhesives ranks #358 out of 1269 companies for Cyclically Adjusted PS Ratio. This puts Hindustan Adhesives in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Hindustan Adhesives' value of 0.64 is 52.2% below this benchmark. Historically, Hindustan Adhesives' own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.89 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.34, Hindustan Adhesives 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 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. Hindustan Adhesives's current Cyclically Adjusted PS Ratio of 0.64 is 52.2% 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 Hindustan Adhesives 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. Hindustan Adhesives's current Cyclically Adjusted PS Ratio is 0.64, which is 16% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Adhesives (BOM:514428) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹310.07, compared to a current price of ₹348.90 — trading 12.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.64, which is 16% below median its 10-year median of 0.76 and 52.2% below the Chemicals industry median of 1.34. Hindustan Adhesives' overall GF Score™ is 58/100 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 Hindustan Adhesives (BOM:514428), the current Cyclically Adjusted PS Ratio is 0.64 as of Sep. 01, 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 Hindustan Adhesives (BOM:514428) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Adhesives stock appears to be overvalued. The current stock price of ₹348.90 is trading 12.5% above its estimated GF Value™ of ₹310.07. GuruFocus considers Hindustan Adhesives to be Modestly Overvalued.

Key valuation signals for BOM:514428:

  • Cyclically Adjusted PS Ratio: 0.64 (16% below median its 10-year median of 0.76)
  • GF Value™: ₹310.07 vs. price of ₹348.90 (12.5% above fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 52.2% below the Chemicals median (#358 of 1269)

No single metric tells the full story. See the BOM:514428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hindustan Adhesives Business Description

Other Exchanges HINDADH:India
Address B-2/8, Safdarjung Enclave, New Delhi, IND, 110029
Hindustan Adhesives Ltd is a producer and marketer of adhesive tapes. The company offers products such as acrylic packaging tapes, hot melt packaging tapes, natural rubber packaging tapes, kraft paper tapes, tamper-evident tapes, tear tapes, polyolefin shrink film, and shrink wrapping machines. Its customers include Unilever, PepsiCo, Coca-Cola, P&G, Reckitt Benckiser, Cadbury, and Nestle, among others.
58GF Score

Get the complete analysis for BOM:514428

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

₹348.90
Price
₹310.07
GF Value