Ecoboard Industries (BOM:523732) Cyclically Adjusted PS Ratio: 4.54 (As of Aug. 21, 2026) — 136% Above Median

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BOM:523732 Ecoboard Industries Ltd BOM:523732
35 GF Score
Price ₹64.89
GF Value ₹32.95
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Ecoboard Industries Cyclically Adjusted PS Ratio?

Ecoboard Industries BOM:523732 +5.14% 35 Cyclically Adjusted PS Ratio is 4.54 as of Aug. 21, 2026, which is 136% above its 10-year median of 1.92. GuruFocus rates BOM:523732 with a GF Score™ of 35/100 and a GF Value™ of ₹32.95 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 250 Forest Products companies, Ecoboard Industries ranks worse than 95.6% on this metric.

As of today (2026-08-21), Ecoboard Industries's current share price is ₹64.89. Ecoboard Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹14.29. Ecoboard Industries's Cyclically Adjusted PS Ratio for today is 4.54.

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

BOM:523732' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.92   Max: 5.15
Current: 4.54

During the past years, Ecoboard Industries's highest Cyclically Adjusted PS Ratio was 5.15. The lowest was 0.23. And the median was 1.92.

BOM:523732's Cyclically Adjusted PS Ratio is ranked worse than
95.6% of 250 companies
in the Forest Products industry
Industry Median: 0.485 vs BOM:523732: 4.54

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.

Ecoboard Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹4.240. 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 ₹14.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecoboard Industries  (BOM:523732) 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.


Ecoboard Industries Cyclically Adjusted PS Ratio Related Terms


Ecoboard Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ecoboard 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.

Ecoboard Industries Cyclically Adjusted PS Ratio Chart

Ecoboard 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 1.68 1.22 1.76 1.63 4.27

Ecoboard Industries 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 2.39 2.25 3.38 4.27 4.08

BOM:523732 vs SSD, UFPI, BCC: Cyclically Adjusted PS Ratio Comparison

For the Lumber & Wood Production subindustry, Ecoboard 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.


Ecoboard Industries Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ecoboard Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:523732
35GF Score
Ecoboard Industries Ltd BOM:523732
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecoboard 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=64.89/14.29
=4.54

* 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.

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

For example, Ecoboard Industries'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)
=4.24/167.3573*167.3573
=4.240

Current CPI (Jun. 2026) = 167.3573.

Ecoboard Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.030 105.961 4.786
201612 1.971 105.196 3.136
201703 1.225 105.196 1.949
201706 1.106 107.109 1.728
201709 1.460 109.021 2.241
201712 0.836 109.404 1.279
201803 1.511 109.786 2.303
201806 1.171 111.317 1.761
201809 1.403 115.142 2.039
201812 4.152 115.142 6.035
201903 4.700 118.202 6.655
201906 1.269 120.880 1.757
201909 1.105 123.175 1.501
201912 1.886 126.235 2.500
202003 2.486 124.705 3.336
202006 0.350 127.000 0.461
202009 1.637 130.118 2.106
202012 2.681 130.889 3.428
202103 3.775 131.771 4.795
202106 3.567 134.084 4.452
202109 7.380 135.847 9.092
202112 6.478 138.161 7.847
202203 2.040 138.822 2.459
202206 9.863 142.347 11.596
202209 5.742 144.661 6.643
202212 2.818 145.763 3.235
202303 3.198 146.865 3.644
202306 2.070 150.280 2.305
202309 3.624 151.492 4.004
202312 4.848 152.924 5.306
202403 6.030 153.035 6.594
202406 3.239 155.789 3.480
202409 1.834 157.882 1.944
202412 1.049 158.323 1.109
202503 1.019 157.552 1.082
202506 0.918 159.755 0.962
202509 1.744 162.289 1.798
202512 4.125 163.281 4.228
202603 2.987 164.272 3.043
202606 4.240 167.357 4.240

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 4.54 mean?
Ecoboard Industries (BOM:523732) has a Cyclically Adjusted PS Ratio of 4.54 as of Aug. 21, 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 Ecoboard Industries and its competitors. This is 136% above median its historical median of 1.92. Over the past decade, Ecoboard Industries' Cyclically Adjusted PS Ratio has ranged from 0.23 to 5.15. According to the industry distribution chart, Ecoboard Industries ranks #239 out of 250 companies in the Forest Products industry, placing it in the top 95.6%.
Is Ecoboard Industries' Cyclically Adjusted PS Ratio too high?
Ecoboard Industries' current Cyclically Adjusted PS Ratio of 4.54 is 136% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 5.15. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.49. Ecoboard Industries' value of 4.54 is 836.1% above this industry median. Based on the distribution chart, Ecoboard Industries ranks #239 out of 250 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Ecoboard Industries has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecoboard Industries' Cyclically Adjusted PS Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Ecoboard Industries ranks #239 out of 250 companies for Cyclically Adjusted PS Ratio. This places Ecoboard Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Ecoboard Industries' value of 4.54 is 836.1% above this benchmark. Historically, Ecoboard Industries' own Cyclically Adjusted PS Ratio has ranged from 0.23 to 5.15 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 0.49, Ecoboard 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.49, based on 250 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. Ecoboard Industries's current Cyclically Adjusted PS Ratio of 4.54 is 836.1% 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 Ecoboard Industries and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecoboard Industries's current Cyclically Adjusted PS Ratio is 4.54, which is 136% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecoboard Industries stock overvalued right now?
Based on GuruFocus' analysis, Ecoboard Industries (BOM:523732) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹32.95, compared to a current price of ₹64.89 — trading 96.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.54, which is 136% above median its 10-year median of 1.92 and 836.1% above the Forest Products industry median of 0.49. Ecoboard Industries' overall GF Score™ is 35/100 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 Ecoboard Industries (BOM:523732), the current Cyclically Adjusted PS Ratio is 4.54 as of Aug. 21, 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 Ecoboard Industries (BOM:523732) Overvalued in 2026?

Based on GuruFocus' analysis, Ecoboard Industries stock appears to be overvalued. The current stock price of ₹64.89 is trading 96.9% above its estimated GF Value™ of ₹32.95. GuruFocus considers Ecoboard Industries to be Significantly Overvalued.

Key valuation signals for BOM:523732:

  • Cyclically Adjusted PS Ratio: 4.54 (136% above median its 10-year median of 1.92)
  • GF Value™: ₹32.95 vs. price of ₹64.89 (96.9% above fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 836.1% above the Forest Products median (#239 of 250)

No single metric tells the full story. See the BOM:523732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecoboard Industries Business Description

Address Karve Road, 65/1A, Ecohouse, Akarshak Building, Opposite Nal Stop, Pune, MH, IND, 411004
Ecoboard Industries Ltd manufactures and sells laminated particle boards in India. It has two business divisions: EcoBuild and EcoEnergy. The company's EcoBuild division is engaged in providing particle boards made from agri-residues mainly bagasse which have application in internal walls, internal ceilings, doors, structural flooring, shelves, etc. Its EcoEnergy division is engaged in providing clean energy solutions through wastewater treatment plants for distilleries and other industries. The company's particle boards are marketed under the brand name of Ecoboard. The firm has the following reportable segments; the Eco Energy (Bio Systems) segment which derives maximum revenue, and the Eco Build (Particle Boards) segment.
35GF Score

Get the complete analysis for BOM:523732

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

₹64.89
Price
₹32.95
GF Value