Fine-Line Circuits (BOM:517264) Cyclically Adjusted PS Ratio: 0.90 (As of Aug. 25, 2026) — Near 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:517264 Fine-Line Circuits Ltd BOM:517264
54 GF Score
Price ₹65.60
GF Value ₹108.46
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Fine-Line Circuits Cyclically Adjusted PS Ratio?

Fine-Line Circuits BOM:517264 +0.72% 54 Cyclically Adjusted PS Ratio is 0.90 as of Aug. 25, 2026, which is 5% above its 10-year median of 0.86. GuruFocus rates BOM:517264 with a GF Score™ of 54/100 and a GF Value™ of ₹108.46 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,970 Hardware companies, Fine-Line Circuits ranks better than 61.07% on this metric.

As of today (2026-08-25), Fine-Line Circuits's current share price is ₹65.60. Fine-Line Circuits's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹72.59. Fine-Line Circuits's Cyclically Adjusted PS Ratio for today is 0.90.

The historical rank and industry rank for Fine-Line Circuits's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:517264' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.86   Max: 1.57
Current: 0.9

During the past years, Fine-Line Circuits's highest Cyclically Adjusted PS Ratio was 1.57. The lowest was 0.25. And the median was 0.86.

BOM:517264's Cyclically Adjusted PS Ratio is ranked better than
61.07% of 1970 companies
in the Hardware industry
Industry Median: 1.38 vs BOM:517264: 0.90

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.

Fine-Line Circuits's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹22.035. 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 ₹72.59 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fine-Line Circuits  (BOM:517264) 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.


Fine-Line Circuits Cyclically Adjusted PS Ratio Related Terms


Fine-Line Circuits Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fine-Line Circuits'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.

Fine-Line Circuits Cyclically Adjusted PS Ratio Chart

Fine-Line Circuits 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 0.68 0.63 0.99 1.55 1.08

Fine-Line Circuits 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 1.03 1.14 1.28 1.08 0.83

BOM:517264 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Fine-Line Circuits'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.


Fine-Line Circuits Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Fine-Line Circuits's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fine-Line Circuits's Cyclically Adjusted PS Ratio falls into.


BOM:517264
54GF Score
Fine-Line Circuits Ltd BOM:517264
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fine-Line Circuits 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.

Fine-Line Circuits's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.60/72.59
=0.90

* 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.

Fine-Line Circuits's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fine-Line Circuits'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)
=22.035/167.3573*167.3573
=22.035

Current CPI (Jun. 2026) = 167.3573.

Fine-Line Circuits Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.526 105.961 22.943
201612 0.000 105.196 0.000
201703 12.095 105.196 19.242
201706 14.828 107.109 23.169
201709 15.612 109.021 23.966
201712 14.091 109.404 21.555
201803 15.055 109.786 22.950
201806 12.479 111.317 18.761
201809 20.803 115.142 30.237
201812 15.390 115.142 22.369
201903 14.339 118.202 20.302
201906 15.983 120.880 22.128
201909 10.272 123.175 13.957
201912 13.488 126.235 17.882
202003 13.425 124.705 18.017
202006 8.131 127.000 10.715
202009 12.996 130.118 16.715
202012 11.733 130.889 15.002
202103 10.919 131.771 13.868
202106 16.093 134.084 20.086
202109 14.892 135.847 18.346
202112 15.339 138.161 18.580
202203 16.143 138.822 19.461
202206 13.447 142.347 15.810
202209 16.973 144.661 19.636
202212 14.110 145.763 16.200
202303 13.964 146.865 15.912
202306 10.850 150.280 12.083
202309 10.860 151.492 11.997
202312 13.634 152.924 14.921
202403 12.175 153.035 13.314
202406 14.223 155.789 15.279
202409 13.763 157.882 14.589
202412 20.725 158.323 21.908
202503 12.296 157.552 13.061
202506 15.108 159.755 15.827
202509 19.530 162.289 20.140
202512 16.525 163.281 16.938
202603 17.504 164.272 17.833
202606 22.035 167.357 22.035

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 0.90 mean?
Fine-Line Circuits (BOM:517264) has a Cyclically Adjusted PS Ratio of 0.90 as of Aug. 25, 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 Fine-Line Circuits and its competitors. This is near median its historical median of 0.86. Over the past decade, Fine-Line Circuits' Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.57. According to the industry distribution chart, Fine-Line Circuits ranks #767 out of 1970 companies in the Hardware industry, placing it in the top 38.9%.
Is Fine-Line Circuits' Cyclically Adjusted PS Ratio too high?
Fine-Line Circuits' current Cyclically Adjusted PS Ratio of 0.90 is near median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.57. The Hardware industry median Cyclically Adjusted PS Ratio is 1.38. Fine-Line Circuits' value of 0.90 is 34.8% below this industry median. Based on the distribution chart, Fine-Line Circuits ranks #767 out of 1970 companies in the Hardware industry, which is above the industry midpoint. Overall, Fine-Line Circuits has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fine-Line Circuits' Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Fine-Line Circuits ranks #767 out of 1970 companies for Cyclically Adjusted PS Ratio. This puts Fine-Line Circuits in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.38. Fine-Line Circuits' value of 0.90 is 34.8% below this benchmark. Historically, Fine-Line Circuits' own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.57 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.38, Fine-Line Circuits 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.38, based on 1,970 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. Fine-Line Circuits's current Cyclically Adjusted PS Ratio of 0.90 is 34.8% 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 Fine-Line Circuits and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fine-Line Circuits's current Cyclically Adjusted PS Ratio is 0.90, which is near median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fine-Line Circuits stock overvalued right now?
Based on GuruFocus' analysis, Fine-Line Circuits (BOM:517264) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹108.46, compared to a current price of ₹65.60 — trading 39.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.90, which is near median its 10-year median of 0.86 and 34.8% below the Hardware industry median of 1.38. Fine-Line Circuits' overall GF Score™ is 54/100 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 Fine-Line Circuits (BOM:517264), the current Cyclically Adjusted PS Ratio is 0.90 as of Aug. 25, 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 Fine-Line Circuits (BOM:517264) Overvalued in 2026?

Based on GuruFocus' analysis, Fine-Line Circuits stock appears to be undervalued. The current stock price of ₹65.60 is trading 39.5% below its estimated GF Value™ of ₹108.46. GuruFocus considers Fine-Line Circuits to be Significantly Undervalued.

Key valuation signals for BOM:517264:

  • Cyclically Adjusted PS Ratio: 0.90 (near median its 10-year median of 0.86)
  • GF Value™: ₹108.46 vs. price of ₹65.60 (39.5% below fair value)
  • GF Score™: 54/100 with 2 warning signs
  • Industry Position: 34.8% below the Hardware median (#767 of 1970)

No single metric tells the full story. See the BOM:517264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fine-Line Circuits Business Description

Address 145, SDF-V, Seepz (Special Economic Zone), Andheri (East), Mumbai, MH, IND, 400096
Fine-Line Circuits Ltd is engaged in the production and distribution of electrical components and related products. The company's product portfolio includes products like Printed circuit boards (PCBs) which also contribute maximum revenue. Its products comprise High-frequency microwave PCBs, Multilayer PCBs, High copper PCBs, Backplane PCBs, and Impedance-controlled PCBs. Geographically company generates revenue from the sale of PCBs from both India as well as exports outside India.
54GF Score

Get the complete analysis for BOM:517264

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

₹65.60
Price
₹108.46
GF Value