Shivagrico Implements (BOM:522237) Cyclically Adjusted PS Ratio: 0.31 (As of Aug. 06, 2026) — 15% 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:522237 Shivagrico Implements Ltd BOM:522237
58 GF Score
Price ₹25.99
GF Value ₹27.14
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Shivagrico Implements Cyclically Adjusted PS Ratio?

Shivagrico Implements BOM:522237 +7.22% 58 Cyclically Adjusted PS Ratio is 0.31 as of Aug. 06, 2026, which is 15% above its 10-year median of 0.27. GuruFocus rates BOM:522237 with a GF Score™ of 58/100 and a GF Value™ of ₹27.14 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,296 Industrial Products companies, Shivagrico Implements ranks better than 91.07% on this metric.

As of today (2026-08-06), Shivagrico Implements's current share price is ₹25.99. Shivagrico Implements's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹84.99. Shivagrico Implements's Cyclically Adjusted PS Ratio for today is 0.31.

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

BOM:522237' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.27   Max: 0.45
Current: 0.31

During the past years, Shivagrico Implements's highest Cyclically Adjusted PS Ratio was 0.45. The lowest was 0.07. And the median was 0.27.

BOM:522237's Cyclically Adjusted PS Ratio is ranked better than
91.07% of 2296 companies
in the Industrial Products industry
Industry Median: 1.71 vs BOM:522237: 0.31

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.

Shivagrico Implements's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹24.135. 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 ₹84.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shivagrico Implements  (BOM:522237) 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.


Shivagrico Implements Cyclically Adjusted PS Ratio Related Terms


Shivagrico Implements Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shivagrico Implements'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.

Shivagrico Implements Cyclically Adjusted PS Ratio Chart

Shivagrico Implements 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 0.23 0.25 0.40 0.43 0.23

Shivagrico Implements 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 0.43 0.34 0.28 0.31 0.23

BOM:522237 vs SNA, RBC, SWK: Cyclically Adjusted PS Ratio Comparison

For the Tools & Accessories subindustry, Shivagrico Implements'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.


Shivagrico Implements Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shivagrico Implements's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:522237
58GF Score
Shivagrico Implements Ltd BOM:522237
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shivagrico Implements 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.

Shivagrico Implements's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.99/84.99
=0.31

* 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.

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

For example, Shivagrico Implements'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)
=24.135/164.2724*164.2724
=24.135

Current CPI (Mar. 2026) = 164.2724.

Shivagrico Implements Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 18.152 105.961 28.141
201609 10.898 105.961 16.895
201612 10.176 105.196 15.891
201703 13.070 105.196 20.410
201706 11.142 107.109 17.088
201709 8.677 109.021 13.074
201712 11.861 109.404 17.810
201803 10.882 109.786 16.283
201806 11.204 111.317 16.534
201809 12.432 115.142 17.737
201812 13.135 115.142 18.740
201903 10.451 118.202 14.524
201906 12.736 120.880 17.308
201909 11.422 123.175 15.233
201912 14.987 126.235 19.503
202003 9.166 124.705 12.074
202006 11.080 127.000 14.332
202009 19.975 130.118 25.218
202012 28.128 130.889 35.302
202103 21.517 131.771 26.824
202106 18.436 134.084 22.587
202109 33.112 135.847 40.041
202112 22.918 138.161 27.249
202203 14.634 138.822 17.317
202206 22.813 142.347 26.327
202209 20.633 144.661 23.430
202212 25.106 145.763 28.294
202303 12.393 146.865 13.862
202306 18.865 150.280 20.621
202309 22.922 151.492 24.856
202312 20.199 152.924 21.698
202403 17.433 153.035 18.713
202406 15.658 155.789 16.511
202409 22.473 157.882 23.383
202412 24.442 158.323 25.360
202503 24.530 157.552 25.576
202506 23.381 159.755 24.042
202509 22.263 162.289 22.535
202512 24.249 163.281 24.396
202603 24.135 164.272 24.135

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 0.31 mean?
Shivagrico Implements (BOM:522237) has a Cyclically Adjusted PS Ratio of 0.31 as of Aug. 06, 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 Shivagrico Implements and its competitors. This is 15% above median its historical median of 0.27. Over the past decade, Shivagrico Implements' Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.45. According to the industry distribution chart, Shivagrico Implements ranks #205 out of 2296 companies in the Industrial Products industry, placing it in the top 8.9%.
Is Shivagrico Implements' Cyclically Adjusted PS Ratio too high?
Shivagrico Implements' current Cyclically Adjusted PS Ratio of 0.31 is 15% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.45. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Shivagrico Implements' value of 0.31 is 81.9% below this industry median. Based on the distribution chart, Shivagrico Implements ranks #205 out of 2296 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shivagrico Implements has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shivagrico Implements' Cyclically Adjusted PS Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Shivagrico Implements ranks #205 out of 2296 companies for Cyclically Adjusted PS Ratio. This places Shivagrico Implements in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.71. Shivagrico Implements' value of 0.31 is 81.9% below this benchmark. Historically, Shivagrico Implements' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.45 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.71, Shivagrico Implements 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, based on 2,296 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. Shivagrico Implements's current Cyclically Adjusted PS Ratio of 0.31 is 81.9% 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 Shivagrico Implements and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivagrico Implements's current Cyclically Adjusted PS Ratio is 0.31, which is 15% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivagrico Implements stock overvalued right now?
Based on GuruFocus' analysis, Shivagrico Implements (BOM:522237) is currently considered Fairly Valued. The stock's GF Value™ is ₹27.14, compared to a current price of ₹25.99 — trading 4.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is 15% above median its 10-year median of 0.27 and 81.9% below the Industrial Products industry median of 1.71. Shivagrico Implements' overall GF Score™ is 58/100 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 Shivagrico Implements (BOM:522237), the current Cyclically Adjusted PS Ratio is 0.31 as of Aug. 06, 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 Shivagrico Implements (BOM:522237) Overvalued in 2026?

Based on GuruFocus' analysis, Shivagrico Implements stock appears to be undervalued. The current stock price of ₹25.99 is trading 4.2% below its estimated GF Value™ of ₹27.14. GuruFocus considers Shivagrico Implements to be Fairly Valued.

Key valuation signals for BOM:522237:

  • Cyclically Adjusted PS Ratio: 0.31 (15% above median its 10-year median of 0.27)
  • GF Value™: ₹27.14 vs. price of ₹25.99 (4.2% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 81.9% below the Industrial Products median (#205 of 2296)

No single metric tells the full story. See the BOM:522237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shivagrico Implements Business Description

Address 281, Tardeo Road, A-1, Ground Floor, Adinath Apartments, Mumbai, MH, IND, 400 007
Shivagrico Implements Ltd mainly deals in the rolling and forging of agricultural implements and other products. Its product portfolio comprises hot-rolled flats, bars, rounds, angles, and more, for both market sales as well as for captive self-consumption. In addition, it offers various hand tools and implements such as pickaxes of different types, crowbars, digging bars, hoes, pick mattocks, etc. The company is engaged in a single operating segment, the Rolling and Forging division. Geographically, the company derives maximum revenue from its business in India, and also has some exposure to overseas markets.
58GF Score

Get the complete analysis for BOM:522237

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

₹25.99
Price
₹27.14
GF Value