Praj Industries (BOM:522205) Cyclically Adjusted PS Ratio: 2.40 (As of Aug. 07, 2026) — 43% Below Median

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BOM:522205 Praj Industries Ltd BOM:522205
90 GF Score
Price ₹319.50
GF Value ₹491.84
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Praj Industries Cyclically Adjusted PS Ratio?

Praj Industries BOM:522205 +0.49% 90 Cyclically Adjusted PS Ratio is 2.40 as of Aug. 07, 2026, which is 43% below its 10-year median of 4.23. GuruFocus rates BOM:522205 with a GF Score™ of 90/100 and a GF Value™ of ₹491.84 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,367 Construction companies, Praj Industries ranks worse than 83.1% on this metric.

As of today (2026-08-07), Praj Industries's current share price is ₹319.50. Praj Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹133.01. Praj Industries's Cyclically Adjusted PS Ratio for today is 2.40.

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

BOM:522205' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 4.23   Max: 7.17
Current: 2.32

During the past years, Praj Industries's highest Cyclically Adjusted PS Ratio was 7.17. The lowest was 0.83. And the median was 4.23.

BOM:522205's Cyclically Adjusted PS Ratio is ranked worse than
83.1% of 1367 companies
in the Construction industry
Industry Median: 0.7 vs BOM:522205: 2.32

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.

Praj Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹45.921. 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 ₹133.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Praj Industries  (BOM:522205) 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.


Praj Industries Cyclically Adjusted PS Ratio Related Terms


Praj Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Praj Industries'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.

Praj Industries Cyclically Adjusted PS Ratio Chart

Praj Industries 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 4.97 3.60 4.93 4.64 2.39

Praj Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.64 4.14 2.58 2.47 2.39

BOM:522205 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Praj Industries'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.


Praj Industries Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Praj Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:522205
90GF Score
Praj Industries Ltd BOM:522205
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Praj Industries 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.

Praj Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=319.50/133.01
=2.40

* 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.

Praj Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Praj Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=45.921/164.2724*164.2724
=45.921

Current CPI (Mar. 2026) = 164.2724.

Praj Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.007 105.961 17.064
201609 11.332 105.961 17.568
201612 12.309 105.196 19.222
201703 16.813 105.196 26.255
201706 9.069 107.109 13.909
201709 11.841 109.021 17.842
201712 13.848 109.404 20.793
201803 15.155 109.786 22.676
201806 10.431 111.317 15.393
201809 13.759 115.142 19.630
201812 18.113 115.142 25.842
201903 19.074 118.202 26.508
201906 11.581 120.880 15.738
201909 16.047 123.175 21.401
201912 16.419 126.235 21.366
202003 14.902 124.705 19.630
202006 7.033 127.000 9.097
202009 14.166 130.118 17.884
202012 19.019 130.889 23.870
202103 29.602 131.771 36.903
202106 21.043 134.084 25.781
202109 29.072 135.847 35.155
202112 31.930 138.161 37.965
202203 43.073 138.822 50.970
202206 39.916 142.347 46.064
202209 47.941 144.661 54.440
202212 49.595 145.763 55.893
202303 51.061 146.865 57.113
202306 40.069 150.280 43.800
202309 48.106 151.492 52.164
202312 45.075 152.924 48.420
202403 52.744 153.035 56.617
202406 38.039 155.789 40.110
202409 44.432 157.882 46.230
202412 46.287 158.323 48.026
202503 46.858 157.552 48.857
202506 34.775 159.755 35.758
202509 45.826 162.289 46.386
202512 45.520 163.281 45.796
202603 45.921 164.272 45.921

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 2.40 mean?
Praj Industries (BOM:522205) has a Cyclically Adjusted PS Ratio of 2.40 as of Aug. 07, 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 Praj Industries and its competitors. This is 43% below median its historical median of 4.23. Over the past decade, Praj Industries' Cyclically Adjusted PS Ratio has ranged from 0.83 to 7.17. According to the industry distribution chart, Praj Industries ranks #1136 out of 1367 companies in the Construction industry, placing it in the top 83.1%.
Is Praj Industries' Cyclically Adjusted PS Ratio too high?
Praj Industries' current Cyclically Adjusted PS Ratio of 2.40 is 43% below median its 10-year median of 4.23. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 7.17. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Praj Industries' value of 2.40 is 242.9% above this industry median. Based on the distribution chart, Praj Industries ranks #1136 out of 1367 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Praj Industries has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Praj Industries' Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Praj Industries ranks #1136 out of 1367 companies for Cyclically Adjusted PS Ratio. This places Praj Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Praj Industries' value of 2.40 is 242.9% above this benchmark. Historically, Praj Industries' own Cyclically Adjusted PS Ratio has ranged from 0.83 to 7.17 over the past decade. While the company's 10-year median is 4.23 vs. the industry median of 0.70, Praj Industries 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,367 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. Praj Industries's current Cyclically Adjusted PS Ratio of 2.40 is 242.9% 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 Praj Industries and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Praj Industries's current Cyclically Adjusted PS Ratio is 2.40, which is 43% below median its own 10-year median of 4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Praj Industries stock overvalued right now?
Based on GuruFocus' analysis, Praj Industries (BOM:522205) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹491.84, compared to a current price of ₹319.50 — trading 35% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.40, which is 43% below median its 10-year median of 4.23 and 242.9% above the Construction industry median of 0.70. Praj Industries' overall GF Score™ is 90/100 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 Praj Industries (BOM:522205), the current Cyclically Adjusted PS Ratio is 2.40 as of Aug. 07, 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 Praj Industries (BOM:522205) Overvalued in 2026?

Based on GuruFocus' analysis, Praj Industries stock appears to be undervalued. The current stock price of ₹319.50 is trading 35% below its estimated GF Value™ of ₹491.84. GuruFocus considers Praj Industries to be Significantly Undervalued.

Key valuation signals for BOM:522205:

  • Cyclically Adjusted PS Ratio: 2.40 (43% below median its 10-year median of 4.23)
  • GF Value™: ₹491.84 vs. price of ₹319.50 (35% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 242.9% above the Construction median (#1136 of 1367)

No single metric tells the full story. See the BOM:522205 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Praj Industries Business Description

Other Exchanges PRAJIND:India
Address Bhumkar Chowk-Hinjewadi Road, Praj Tower, S. Number 274 and 275/2, Hinjewadi, Pune, MH, IND, 411057
Praj Industries Ltd is an engineering company based in India. The company operates in a single segment namely Process and Project Engineering. Its business line consists of BioEnergy, High Purity Solutions, Brewery Plants, Wastewater Treatment, Bioproducts, Skid Engineering and Process Solutions, and Critical Process Equipment and Systems.
90GF Score

Get the complete analysis for BOM:522205

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

₹319.50
Price
₹491.84
GF Value