Mini Diamonds (India) (BOM:523373) Cyclically Adjusted PS Ratio: 0.11 (As of Sep. 07, 2026) — 83% Above Median

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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:523373 Mini Diamonds (India) Ltd BOM:523373
61 GF Score
Price ₹4.40
GF Value ₹6.37
Valuation Possible Value Trap
! 5 Warning Signs
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What is Mini Diamonds (India) Cyclically Adjusted PS Ratio?

Mini Diamonds (India) BOM:523373 -2.44% 61 Cyclically Adjusted PS Ratio is 0.11 as of Sep. 07, 2026, which is 83% above its 10-year median of 0.06. GuruFocus rates BOM:523373 with a GF Score™ of 61/100 and a GF Value™ of ₹6.37 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 800 Retail - Cyclical companies, Mini Diamonds (India) ranks better than 87.5% on this metric.

As of today (2026-09-07), Mini Diamonds (India)'s current share price is ₹4.40. Mini Diamonds (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹40.83. Mini Diamonds (India)'s Cyclically Adjusted PS Ratio for today is 0.11.

The historical rank and industry rank for Mini Diamonds (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:523373' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 0.47
Current: 0.11

During the past years, Mini Diamonds (India)'s highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.01. And the median was 0.06.

BOM:523373's Cyclically Adjusted PS Ratio is ranked better than
87.5% of 800 companies
in the Retail - Cyclical industry
Industry Median: 0.52 vs BOM:523373: 0.11

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.

Mini Diamonds (India)'s adjusted revenue per share data for the three months ended in Jun. 2026 was ₹8.092. 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 ₹40.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mini Diamonds (India)  (BOM:523373) 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.


Mini Diamonds (India) Cyclically Adjusted PS Ratio Related Terms


Mini Diamonds (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mini Diamonds (India)'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.

Mini Diamonds (India) Cyclically Adjusted PS Ratio Chart

Mini Diamonds (India) 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 0.06 0.05 0.11 0.34 0.16

Mini Diamonds (India) 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 0.45 0.32 0.26 0.16 0.14

BOM:523373 vs TPR: Cyclically Adjusted PS Ratio Comparison

For the Luxury Goods subindustry, Mini Diamonds (India)'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.


Mini Diamonds (India) Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mini Diamonds (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mini Diamonds (India)'s Cyclically Adjusted PS Ratio falls into.


BOM:523373
61GF Score
Mini Diamonds (India) Ltd BOM:523373
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mini Diamonds (India) 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.

Mini Diamonds (India)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.40/40.83
=0.11

* 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.

Mini Diamonds (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mini Diamonds (India)'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)
=8.092/167.3573*167.3573
=8.092

Current CPI (Jun. 2026) = 167.3573.

Mini Diamonds (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.383 105.961 14.820
201612 10.982 105.196 17.471
201703 7.224 105.196 11.493
201706 4.947 107.109 7.730
201709 7.020 109.021 10.776
201712 9.385 109.404 14.356
201803 14.715 109.786 22.431
201806 16.399 111.317 24.655
201809 5.359 115.142 7.789
201812 6.275 115.142 9.121
201903 3.491 118.202 4.943
201906 1.569 120.880 2.172
201909 0.344 123.175 0.467
201912 3.572 126.235 4.736
202003 8.718 124.705 11.700
202006 0.046 127.000 0.061
202009 0.099 130.118 0.127
202012 1.842 130.889 2.355
202103 3.850 131.771 4.890
202106 4.413 134.084 5.508
202109 5.054 135.847 6.226
202112 7.821 138.161 9.474
202203 9.047 138.822 10.907
202206 10.574 142.347 12.432
202209 10.230 144.661 11.835
202212 12.413 145.763 14.252
202303 14.866 146.865 16.940
202306 7.078 150.280 7.882
202309 18.584 151.492 20.530
202312 20.950 152.924 22.927
202403 21.434 153.035 23.440
202406 24.997 155.789 26.853
202409 4.407 157.882 4.671
202412 4.909 158.323 5.189
202503 4.108 157.552 4.364
202506 4.267 159.755 4.470
202509 6.337 162.289 6.535
202512 7.064 163.281 7.240
202603 6.364 164.272 6.484
202606 8.092 167.357 8.092

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 0.11 mean?
Mini Diamonds (India) (BOM:523373) has a Cyclically Adjusted PS Ratio of 0.11 as of Sep. 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 Mini Diamonds (India) and its competitors. This is 83% above median its historical median of 0.06. Over the past decade, Mini Diamonds (India)'s Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.47. According to the industry distribution chart, Mini Diamonds (India) ranks #100 out of 800 companies in the Retail - Cyclical industry, placing it in the top 12.5%.
Is Mini Diamonds (India)'s Cyclically Adjusted PS Ratio too high?
Mini Diamonds (India)'s current Cyclically Adjusted PS Ratio of 0.11 is 83% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.47. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.52. Mini Diamonds (India)'s value of 0.11 is 78.8% below this industry median. Based on the distribution chart, Mini Diamonds (India) ranks #100 out of 800 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Mini Diamonds (India) has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mini Diamonds (India)'s Cyclically Adjusted PS Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Mini Diamonds (India) ranks #100 out of 800 companies for Cyclically Adjusted PS Ratio. This places Mini Diamonds (India) in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.52. Mini Diamonds (India)'s value of 0.11 is 78.8% below this benchmark. Historically, Mini Diamonds (India)'s own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.47 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.52, Mini Diamonds (India) 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.52, based on 800 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. Mini Diamonds (India)'s current Cyclically Adjusted PS Ratio of 0.11 is 78.8% 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 Mini Diamonds (India) and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mini Diamonds (India)'s current Cyclically Adjusted PS Ratio is 0.11, which is 83% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mini Diamonds (India) stock overvalued right now?
Based on GuruFocus' analysis, Mini Diamonds (India) (BOM:523373) is currently considered Possible Value Trap. The stock's GF Value™ is ₹6.37, compared to a current price of ₹4.40 — trading 30.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.11, which is 83% above median its 10-year median of 0.06 and 78.8% below the Retail - Cyclical industry median of 0.52. Mini Diamonds (India)'s overall GF Score™ is 61/100 with 5 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 Mini Diamonds (India) (BOM:523373), the current Cyclically Adjusted PS Ratio is 0.11 as of Sep. 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 Mini Diamonds (India) (BOM:523373) Overvalued in 2026?

Based on GuruFocus' analysis, Mini Diamonds (India) stock appears to be undervalued. The current stock price of ₹4.40 is trading 30.9% below its estimated GF Value™ of ₹6.37. GuruFocus considers Mini Diamonds (India) to be Possible Value Trap.

Key valuation signals for BOM:523373:

  • Cyclically Adjusted PS Ratio: 0.11 (83% above median its 10-year median of 0.06)
  • GF Value™: ₹6.37 vs. price of ₹4.40 (30.9% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 78.8% below the Retail - Cyclical median (#100 of 800)

No single metric tells the full story. See the BOM:523373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mini Diamonds (India) Business Description

Address DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051
Mini Diamonds (India) Ltd is engaged in cutting and polishing of diamonds and trading. The diamonds provided by the company include cut and polished diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment, which is Jewellery manufacturing. Geographically, the company generates revenue from Belgium, UAE, Canada, Hong Kong, and India, with the majority of revenue generated from India.
61GF Score

Get the complete analysis for BOM:523373

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

₹4.40
Price
₹6.37
GF Value