AksharChem (India) (BOM:524598) Cyclically Adjusted PS Ratio: 0.93 (As of Sep. 06, 2026) — 45% 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:524598 AksharChem (India) Ltd BOM:524598
61 GF Score
Price ₹448.55
GF Value ₹351.40
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is AksharChem (India) Cyclically Adjusted PS Ratio?

AksharChem (India) BOM:524598 +4.85% 61 Cyclically Adjusted PS Ratio is 0.93 as of Sep. 06, 2026, which is 45% above its 10-year median of 0.64. GuruFocus rates BOM:524598 with a GF Score™ of 61/100 and a GF Value™ of ₹351.40 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,273 Chemicals companies, AksharChem (India) ranks better than 61.82% on this metric.

As of today (2026-09-06), AksharChem (India)'s current share price is ₹448.55. AksharChem (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹484.50. AksharChem (India)'s Cyclically Adjusted PS Ratio for today is 0.93.

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

BOM:524598' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.64   Max: 1.4
Current: 0.93

During the past years, AksharChem (India)'s highest Cyclically Adjusted PS Ratio was 1.40. The lowest was 0.33. And the median was 0.64.

BOM:524598's Cyclically Adjusted PS Ratio is ranked better than
61.82% of 1273 companies
in the Chemicals industry
Industry Median: 1.34 vs BOM:524598: 0.93

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.

AksharChem (India)'s adjusted revenue per share data for the three months ended in Jun. 2026 was ₹175.386. 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 ₹484.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AksharChem (India)  (BOM:524598) 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.


AksharChem (India) Cyclically Adjusted PS Ratio Related Terms


AksharChem (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AksharChem (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.

AksharChem (India) Cyclically Adjusted PS Ratio Chart

AksharChem (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 0.86 0.47 0.57 0.48 0.31

AksharChem (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 0.61 0.57 0.51 0.31 0.50

BOM:524598 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, AksharChem (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.


AksharChem (India) Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, AksharChem (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:524598
61GF Score
AksharChem (India) Ltd BOM:524598
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AksharChem (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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=448.55/484.50
=0.93

* 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.

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

For example, AksharChem (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)
=175.386/167.3573*167.3573
=175.386

Current CPI (Jun. 2026) = 167.3573.

AksharChem (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 114.432 105.961 180.736
201612 86.401 105.196 137.456
201703 62.691 105.196 99.736
201706 86.508 107.109 135.169
201709 80.000 109.021 122.807
201712 71.769 109.404 109.786
201803 93.249 109.786 142.148
201806 92.030 111.317 138.361
201809 103.994 115.142 151.154
201812 99.849 115.142 145.129
201903 93.326 118.202 132.136
201906 85.386 120.880 118.216
201909 78.879 123.175 107.173
201912 67.975 126.235 90.118
202003 84.977 124.705 114.041
202006 66.021 127.000 87.001
202009 60.862 130.118 78.281
202012 81.587 130.889 104.319
202103 80.879 131.771 102.722
202106 116.899 134.084 145.908
202109 100.865 135.847 124.261
202112 109.086 138.161 132.138
202203 124.529 138.822 150.127
202206 142.637 142.347 167.698
202209 112.439 144.661 130.080
202212 80.890 145.763 92.874
202303 68.636 146.865 78.213
202306 89.283 150.280 99.429
202309 91.293 151.492 100.854
202312 94.590 152.924 103.517
202403 101.713 153.035 111.233
202406 106.679 155.789 114.601
202409 98.556 157.882 104.471
202412 112.737 158.323 119.170
202503 113.168 157.552 120.211
202506 121.370 159.755 127.146
202509 110.893 162.289 114.356
202512 100.135 163.281 102.635
202603 131.706 164.272 134.179
202606 175.386 167.357 175.386

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 0.93 mean?
AksharChem (India) (BOM:524598) has a Cyclically Adjusted PS Ratio of 0.93 as of Sep. 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 AksharChem (India) and its competitors. This is 45% above median its historical median of 0.64. Over the past decade, AksharChem (India)'s Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.40. According to the industry distribution chart, AksharChem (India) ranks #486 out of 1273 companies in the Chemicals industry, placing it in the top 38.2%.
Is AksharChem (India)'s Cyclically Adjusted PS Ratio too high?
AksharChem (India)'s current Cyclically Adjusted PS Ratio of 0.93 is 45% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.40. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. AksharChem (India)'s value of 0.93 is 30.6% below this industry median. Based on the distribution chart, AksharChem (India) ranks #486 out of 1273 companies in the Chemicals industry, which is above the industry midpoint. Overall, AksharChem (India) has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AksharChem (India)'s Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, AksharChem (India) ranks #486 out of 1273 companies for Cyclically Adjusted PS Ratio. This puts AksharChem (India) in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. AksharChem (India)'s value of 0.93 is 30.6% below this benchmark. Historically, AksharChem (India)'s own Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.40 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 1.34, AksharChem (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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,273 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. AksharChem (India)'s current Cyclically Adjusted PS Ratio of 0.93 is 30.6% 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 AksharChem (India) and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AksharChem (India)'s current Cyclically Adjusted PS Ratio is 0.93, which is 45% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AksharChem (India) stock overvalued right now?
Based on GuruFocus' analysis, AksharChem (India) (BOM:524598) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹351.40, compared to a current price of ₹448.55 — trading 27.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 45% above median its 10-year median of 0.64 and 30.6% below the Chemicals industry median of 1.34. AksharChem (India)'s overall GF Score™ is 61/100 with 8 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 AksharChem (India) (BOM:524598), the current Cyclically Adjusted PS Ratio is 0.93 as of Sep. 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 AksharChem (India) (BOM:524598) Overvalued in 2026?

Based on GuruFocus' analysis, AksharChem (India) stock appears to be overvalued. The current stock price of ₹448.55 is trading 27.6% above its estimated GF Value™ of ₹351.40. GuruFocus considers AksharChem (India) to be Modestly Overvalued.

Key valuation signals for BOM:524598:

  • Cyclically Adjusted PS Ratio: 0.93 (45% above median its 10-year median of 0.64)
  • GF Value™: ₹351.40 vs. price of ₹448.55 (27.6% above fair value)
  • GF Score™: 61/100 with 8 warning signs
  • Industry Position: 30.6% below the Chemicals median (#486 of 1273)

No single metric tells the full story. See the BOM:524598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AksharChem (India) Business Description

Other Exchanges AKSHARCHEM:India
Address Corporate House No. 8, Arista at 8, Behind Rajpath Club, Bodakdev, Ahmedabad, GJ, IND, 380 054
AksharChem (India) Ltd is engaged in the business of manufacturing & export of Dyes, Pigments and Precipitated Silica. Its product includes H - ACID, Vinyl Sulphone (Acetanilide Base), Reactive Blue 21, Reactive Black 5, etc.
61GF Score

Get the complete analysis for BOM:524598

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

₹448.55
Price
₹351.40
GF Value