Incap (BOM:517370) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:517370 Incap Ltd BOM:517370
65 GF Score
Price ₹86.78
GF Value ₹82.23
Valuation Fairly Valued
! 7 Warning Signs
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What is Incap Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Incap  (BOM:517370) 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.


Incap Cyclically Adjusted PS Ratio Related Terms


Incap Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Incap'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.

Incap Cyclically Adjusted PS Ratio Chart

Incap 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 0.62 0.58 1.09 1.58 1.21

Incap 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 1.42 1.99 1.26 1.23 1.74

BOM:517370 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Incap'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.


Incap Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


BOM:517370
65GF Score
Incap Ltd BOM:517370
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Incap 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.

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

For example, Incap'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)
=10.549/167.3573*167.3573
=10.549

Current CPI (Jun. 2026) = 167.3573.

Incap Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.537 105.961 15.063
201612 9.521 105.196 15.147
201703 17.300 105.196 27.523
201706 22.072 107.109 34.487
201709 8.686 109.021 13.334
201712 14.822 109.404 22.674
201803 11.069 109.786 16.873
201806 9.335 111.317 14.035
201809 12.394 115.142 18.015
201812 9.254 115.142 13.451
201903 9.115 118.202 12.906
201906 10.703 120.880 14.818
201909 25.574 123.175 34.747
201912 21.876 126.235 29.002
202003 16.509 124.705 22.155
202006 10.621 127.000 13.996
202009 7.638 130.118 9.824
202012 9.745 130.889 12.460
202103 12.728 131.771 16.165
202106 8.566 134.084 10.692
202109 9.700 135.847 11.950
202112 13.567 138.161 16.434
202203 13.284 138.822 16.015
202206 11.675 142.347 13.726
202209 10.874 144.661 12.580
202212 7.264 145.763 8.340
202303 11.213 146.865 12.778
202306 9.501 150.280 10.581
202309 12.901 151.492 14.252
202312 7.607 152.924 8.325
202403 7.715 153.035 8.437
202406 9.086 155.789 9.761
202409 13.805 157.882 14.633
202412 32.898 158.323 34.775
202503 9.626 157.552 10.225
202506 19.419 159.755 20.343
202509 12.140 162.289 12.519
202512 14.183 163.281 14.537
202603 15.949 164.272 16.249
202606 10.549 167.357 10.549

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.

Is Incap (BOM:517370) Overvalued in 2026?

Based on GuruFocus' analysis, Incap stock appears to be overvalued. The current stock price of ₹86.78 is trading 5.5% above its estimated GF Value™ of ₹82.23. GuruFocus considers Incap to be Fairly Valued.

Key valuation signals for BOM:517370:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹82.23 vs. price of ₹86.78 (5.5% above fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the BOM:517370 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Incap Business Description

Address 1-58, Nidamanuru, NTR District, Vijayawada, AP, IND, 521104
Incap Ltd is an India-based company. The company is engaged in the business of manufacture and sale of aluminium electrolytic capacitors.
65GF Score

Get the complete analysis for BOM:517370

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

₹86.78
Price
₹82.23
GF Value