Modern Dairies (BOM:519287) Cyclically Adjusted PS Ratio: 0.18 (As of Sep. 15, 2026) — 125% Above 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:519287 Modern Dairies Ltd BOM:519287
56 GF Score
Price ₹42.87
GF Value ₹40.38
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Modern Dairies Cyclically Adjusted PS Ratio?

Modern Dairies BOM:519287 +19.98% 56 Cyclically Adjusted PS Ratio is 0.18 as of Sep. 15, 2026, which is 125% above its 10-year median of 0.08. GuruFocus rates BOM:519287 with a GF Score™ of 56/100 and a GF Value™ of ₹40.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,455 Consumer Packaged Goods companies, Modern Dairies ranks better than 87.97% on this metric.

As of today (2026-09-15), Modern Dairies's current share price is ₹42.87. Modern Dairies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹239.01. Modern Dairies's Cyclically Adjusted PS Ratio for today is 0.18.

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

BOM:519287' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 0.27
Current: 0.18

During the past years, Modern Dairies's highest Cyclically Adjusted PS Ratio was 0.27. The lowest was 0.01. And the median was 0.08.

BOM:519287's Cyclically Adjusted PS Ratio is ranked better than
87.97% of 1455 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs BOM:519287: 0.18

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.

Modern Dairies's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹31.604. 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 ₹239.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Dairies  (BOM:519287) 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.


Modern Dairies Cyclically Adjusted PS Ratio Related Terms


Modern Dairies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Modern Dairies'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.

Modern Dairies Cyclically Adjusted PS Ratio Chart

Modern Dairies 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 0.02 0.06 0.11 0.21 0.14

Modern Dairies 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 0.23 0.19 0.15 0.14 0.13

BOM:519287 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Modern Dairies'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.


Modern Dairies Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


BOM:519287
56GF Score
Modern Dairies Ltd BOM:519287
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modern Dairies 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.

Modern Dairies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.87/239.01
=0.18

* 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.

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

For example, Modern Dairies'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)
=31.604/167.3573*167.3573
=31.604

Current CPI (Jun. 2026) = 167.3573.

Modern Dairies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 49.598 105.961 78.336
201612 47.132 105.196 74.983
201703 48.260 105.196 76.777
201706 51.921 107.109 81.127
201709 47.260 109.021 72.548
201712 48.260 109.404 73.824
201803 52.618 109.786 80.210
201806 59.604 111.317 89.611
201809 59.354 115.142 86.270
201812 64.646 115.142 93.962
201903 63.584 118.202 90.026
201906 68.976 120.880 95.497
201909 86.136 123.175 117.033
201912 89.082 126.235 118.101
202003 83.174 124.705 111.622
202006 70.824 127.000 93.330
202009 82.909 130.118 106.637
202012 73.217 130.889 93.617
202103 34.154 131.771 43.378
202106 30.495 134.084 38.062
202109 25.383 135.847 31.271
202112 26.498 138.161 32.098
202203 20.895 138.822 25.190
202206 18.834 142.347 22.143
202209 18.173 144.661 21.024
202212 21.182 145.763 24.320
202303 34.627 146.865 39.459
202306 35.746 150.280 39.808
202309 34.557 151.492 38.176
202312 42.879 152.924 46.926
202403 41.280 153.035 45.143
202406 40.382 155.789 43.381
202409 31.602 157.882 33.499
202412 38.062 158.323 40.234
202503 32.585 157.552 34.613
202506 28.463 159.755 29.817
202509 29.058 162.289 29.965
202512 33.799 163.281 34.643
202603 31.228 164.272 31.814
202606 31.604 167.357 31.604

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 0.18 mean?
Modern Dairies (BOM:519287) has a Cyclically Adjusted PS Ratio of 0.18 as of Sep. 15, 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 Modern Dairies and its competitors. This is 125% above median its historical median of 0.08. Over the past decade, Modern Dairies' Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.27. According to the industry distribution chart, Modern Dairies ranks #175 out of 1455 companies in the Consumer Packaged Goods industry, placing it in the top 12%.
Is Modern Dairies' Cyclically Adjusted PS Ratio too high?
Modern Dairies' current Cyclically Adjusted PS Ratio of 0.18 is 125% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Modern Dairies' value of 0.18 is 76.6% below this industry median. Based on the distribution chart, Modern Dairies ranks #175 out of 1455 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Modern Dairies has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modern Dairies' Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Modern Dairies ranks #175 out of 1455 companies for Cyclically Adjusted PS Ratio. This places Modern Dairies in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.77. Modern Dairies' value of 0.18 is 76.6% below this benchmark. Historically, Modern Dairies' own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.77, Modern Dairies 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,455 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. Modern Dairies's current Cyclically Adjusted PS Ratio of 0.18 is 76.6% 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 Modern Dairies and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Dairies's current Cyclically Adjusted PS Ratio is 0.18, which is 125% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Dairies stock overvalued right now?
Based on GuruFocus' analysis, Modern Dairies (BOM:519287) is currently considered Fairly Valued. The stock's GF Value™ is ₹40.38, compared to a current price of ₹42.87 — trading 6.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.18, which is 125% above median its 10-year median of 0.08 and 76.6% below the Consumer Packaged Goods industry median of 0.77. Modern Dairies' 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 Modern Dairies (BOM:519287), the current Cyclically Adjusted PS Ratio is 0.18 as of Sep. 15, 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 Modern Dairies (BOM:519287) Overvalued in 2026?

Based on GuruFocus' analysis, Modern Dairies stock appears to be overvalued. The current stock price of ₹42.87 is trading 6.2% above its estimated GF Value™ of ₹40.38. GuruFocus considers Modern Dairies to be Fairly Valued.

Key valuation signals for BOM:519287:

  • Cyclically Adjusted PS Ratio: 0.18 (125% above median its 10-year median of 0.08)
  • GF Value™: ₹40.38 vs. price of ₹42.87 (6.2% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 76.6% below the Consumer Packaged Goods median (#175 of 1455)

No single metric tells the full story. See the BOM:519287 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modern Dairies Business Description

Address SCO 98-99, Sub City Centre, Sector 34, Chandigarh, IND, 160022
Modern Dairies Ltd is engaged in the business of manufacturing and processing milk and milk products. Its products include casein, lactose, skimmed milk powder, cheese, butter, pure ghee, and premix. The company caters to both domestic and international markets. It has also launched fresh dairy products like milk in sachets, Curd, fermented milk products, and cheese in its own brand.
56GF Score

Get the complete analysis for BOM:519287

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

₹42.87
Price
₹40.38
GF Value