Shah Foods (BOM:519031) Cyclically Adjusted PS Ratio: 4.01 (As of Aug. 27, 2026) — 124% Above Median

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BOM:519031 Shah Foods Ltd BOM:519031
28 GF Score
Price ₹402.95
! 4 Warning Signs
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What is Shah Foods Cyclically Adjusted PS Ratio?

Shah Foods BOM:519031 +4.57% 28 Cyclically Adjusted PS Ratio is 4.01 as of Aug. 27, 2026, which is 124% above its 10-year median of 1.79. GuruFocus rates BOM:519031 with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 1,444 Consumer Packaged Goods companies, Shah Foods ranks worse than 90.37% on this metric.

As of today (2026-08-27), Shah Foods's current share price is ₹402.95. Shah Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹100.53. Shah Foods's Cyclically Adjusted PS Ratio for today is 4.01.

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

BOM:519031' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.79   Max: 4.11
Current: 4.01

During the past years, Shah Foods's highest Cyclically Adjusted PS Ratio was 4.11. The lowest was 0.19. And the median was 1.79.

BOM:519031's Cyclically Adjusted PS Ratio is ranked worse than
90.37% of 1444 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs BOM:519031: 4.01

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.

Shah Foods's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹27.863. 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 ₹100.53 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shah Foods  (BOM:519031) 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.


Shah Foods Cyclically Adjusted PS Ratio Related Terms


Shah Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shah Foods'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.

Shah Foods Cyclically Adjusted PS Ratio Chart

Shah Foods 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 0.00 0.00 1.11 1.62

Shah Foods 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 0.00 0.00 1.62 2.27

BOM:519031 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Shah Foods'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.


Shah Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shah Foods's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:519031
28GF Score
Shah Foods Ltd BOM:519031
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shah Foods 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.

Shah Foods's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=402.95/100.53
=4.01

* 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.

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

For example, Shah Foods'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)
=27.863/167.3573*167.3573
=27.863

Current CPI (Jun. 2026) = 167.3573.

Shah Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 21.932 105.961 34.640
201612 19.343 105.196 30.773
201703 26.564 105.196 42.261
201706 21.206 107.109 33.134
201709 19.199 109.021 29.472
201712 22.736 109.404 34.780
201803 26.886 109.786 40.985
201806 24.110 111.317 36.248
201809 23.194 115.142 33.712
201812 25.583 115.142 37.185
201903 19.355 118.202 27.404
201906 17.072 120.880 23.636
201909 0.040 123.175 0.054
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 1.459 131.771 1.853
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.000 138.161 0.000
202203 0.000 138.822 0.000
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202306 0.000 150.280 0.000
202309 0.000 151.492 0.000
202312 0.000 152.924 0.000
202403 0.000 153.035 0.000
202406 1.340 155.789 1.440
202409 14.939 157.882 15.836
202412 8.629 158.323 9.121
202503 38.140 157.552 40.514
202506 0.000 159.755 0.000
202509 0.000 162.289 0.000
202512 0.000 163.281 0.000
202603 1.711 164.272 1.743
202606 27.863 167.357 27.863

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 4.01 mean?
Shah Foods (BOM:519031) has a Cyclically Adjusted PS Ratio of 4.01 as of Aug. 27, 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 Shah Foods and its competitors. This is 124% above median its historical median of 1.79. Over the past decade, Shah Foods' Cyclically Adjusted PS Ratio has ranged from 0.19 to 4.11. According to the industry distribution chart, Shah Foods ranks #1305 out of 1444 companies in the Consumer Packaged Goods industry, placing it in the top 90.4%.
Is Shah Foods' Cyclically Adjusted PS Ratio too high?
Shah Foods' current Cyclically Adjusted PS Ratio of 4.01 is 124% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 4.11. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Shah Foods' value of 4.01 is 427.6% above this industry median. Based on the distribution chart, Shah Foods ranks #1305 out of 1444 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Shah Foods has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Shah Foods' Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shah Foods ranks #1305 out of 1444 companies for Cyclically Adjusted PS Ratio. This places Shah Foods in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Shah Foods' value of 4.01 is 427.6% above this benchmark. Historically, Shah Foods' own Cyclically Adjusted PS Ratio has ranged from 0.19 to 4.11 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 0.76, Shah Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,444 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. Shah Foods's current Cyclically Adjusted PS Ratio of 4.01 is 427.6% 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 Shah Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shah Foods's current Cyclically Adjusted PS Ratio is 4.01, which is 124% above median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shah Foods stock overvalued right now?
Shah Foods (BOM:519031) has a current Cyclically Adjusted PS Ratio of 4.01. The current Cyclically Adjusted PS Ratio is 4.01, which is 124% above median its 10-year median of 1.79 and 427.6% above the Consumer Packaged Goods industry median of 0.76. Shah Foods' overall GF Score™ is 28/100 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 Shah Foods (BOM:519031), the current Cyclically Adjusted PS Ratio is 4.01 as of Aug. 27, 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.

Shah Foods Business Description

Address 301, Sarthik Square, S.G Highway, Bodakdev, Near Shapath, Ahmedabad, GJ, IND, 380054
Shah Foods Ltd operates as a manufacturer of biscuits for Britannia Industries Limited in India. It is also involved in the trading of shares and securities.
28GF Score

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

₹402.95
Price