Gagan Gases (BOM:524624) Cyclically Adjusted PS Ratio: 3.16 (As of Sep. 01, 2026) — 16% Below Median

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BOM:524624 Gagan Gases Ltd BOM:524624
79 GF Score
Price ₹19.63
GF Value ₹31.62
Valuation Possible Value Trap
! 5 Warning Signs
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What is Gagan Gases Cyclically Adjusted PS Ratio?

Gagan Gases BOM:524624 +0.10% 79 Cyclically Adjusted PS Ratio is 3.16 as of Sep. 01, 2026, which is 16% below its 10-year median of 3.76. GuruFocus rates BOM:524624 with a GF Score™ of 79/100 and a GF Value™ of ₹31.62 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 712 Oil & Gas companies, Gagan Gases ranks worse than 78.79% on this metric.

As of today (2026-09-01), Gagan Gases's current share price is ₹19.63. Gagan Gases's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹6.22. Gagan Gases's Cyclically Adjusted PS Ratio for today is 3.16.

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

BOM:524624' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.63   Med: 3.76   Max: 7.51
Current: 3.15

During the past years, Gagan Gases's highest Cyclically Adjusted PS Ratio was 7.51. The lowest was 1.63. And the median was 3.76.

BOM:524624's Cyclically Adjusted PS Ratio is ranked worse than
78.79% of 712 companies
in the Oil & Gas industry
Industry Median: 1.04 vs BOM:524624: 3.15

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.

Gagan Gases's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹1.215. 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 ₹6.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gagan Gases  (BOM:524624) 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.


Gagan Gases Cyclically Adjusted PS Ratio Related Terms


Gagan Gases Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gagan Gases'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.

Gagan Gases Cyclically Adjusted PS Ratio Chart

Gagan Gases 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 2.70 2.70 5.13 4.09 3.97

Gagan Gases 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 4.23 4.52 3.83 3.97 3.45

BOM:524624 vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Gagan Gases'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.


Gagan Gases Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gagan Gases's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:524624
79GF Score
Gagan Gases Ltd BOM:524624
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gagan Gases 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.

Gagan Gases's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.63/6.22
=3.16

* 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.

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

For example, Gagan Gases'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)
=1.215/167.3573*167.3573
=1.215

Current CPI (Jun. 2026) = 167.3573.

Gagan Gases Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.216 105.961 0.341
201612 0.264 105.196 0.420
201703 0.509 105.196 0.810
201706 0.280 107.109 0.437
201709 0.264 109.021 0.405
201712 0.242 109.404 0.370
201803 0.288 109.786 0.439
201806 0.310 111.317 0.466
201809 0.221 115.142 0.321
201812 0.405 115.142 0.589
201903 0.342 118.202 0.484
201906 0.266 120.880 0.368
201909 0.199 123.175 0.270
201912 0.819 126.235 1.086
202003 1.503 124.705 2.017
202006 0.352 127.000 0.464
202009 1.147 130.118 1.475
202012 1.369 130.889 1.750
202103 1.928 131.771 2.449
202106 1.060 134.084 1.323
202109 1.768 135.847 2.178
202112 1.774 138.161 2.149
202203 1.663 138.822 2.005
202206 1.998 142.347 2.349
202209 1.315 144.661 1.521
202212 0.815 145.763 0.936
202303 0.756 146.865 0.861
202306 0.767 150.280 0.854
202309 1.221 151.492 1.349
202312 1.368 152.924 1.497
202403 1.308 153.035 1.430
202406 3.270 155.789 3.513
202409 3.184 157.882 3.375
202412 4.126 158.323 4.361
202503 2.348 157.552 2.494
202506 1.881 159.755 1.971
202509 3.644 162.289 3.758
202512 3.813 163.281 3.908
202603 4.070 164.272 4.146
202606 1.215 167.357 1.215

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 3.16 mean?
Gagan Gases (BOM:524624) has a Cyclically Adjusted PS Ratio of 3.16 as of Sep. 01, 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 Gagan Gases and its competitors. This is 16% below median its historical median of 3.76. Over the past decade, Gagan Gases' Cyclically Adjusted PS Ratio has ranged from 1.63 to 7.51. According to the industry distribution chart, Gagan Gases ranks #561 out of 712 companies in the Oil & Gas industry, placing it in the top 78.8%.
Is Gagan Gases' Cyclically Adjusted PS Ratio too high?
Gagan Gases' current Cyclically Adjusted PS Ratio of 3.16 is 16% below median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 7.51. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Gagan Gases' value of 3.16 is 203.8% above this industry median. Based on the distribution chart, Gagan Gases ranks #561 out of 712 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Gagan Gases has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gagan Gases' Cyclically Adjusted PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Gagan Gases ranks #561 out of 712 companies for Cyclically Adjusted PS Ratio. This places Gagan Gases in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Gagan Gases' value of 3.16 is 203.8% above this benchmark. Historically, Gagan Gases' own Cyclically Adjusted PS Ratio has ranged from 1.63 to 7.51 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 1.04, Gagan Gases 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 712 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. Gagan Gases's current Cyclically Adjusted PS Ratio of 3.16 is 203.8% 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 Gagan Gases and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gagan Gases's current Cyclically Adjusted PS Ratio is 3.16, which is 16% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gagan Gases stock overvalued right now?
Based on GuruFocus' analysis, Gagan Gases (BOM:524624) is currently considered Possible Value Trap. The stock's GF Value™ is ₹31.62, compared to a current price of ₹19.63 — trading 37.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.16, which is 16% below median its 10-year median of 3.76 and 203.8% above the Oil & Gas industry median of 1.04. Gagan Gases' overall GF Score™ is 79/100 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 Gagan Gases (BOM:524624), the current Cyclically Adjusted PS Ratio is 3.16 as of Sep. 01, 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 Gagan Gases (BOM:524624) Overvalued in 2026?

Based on GuruFocus' analysis, Gagan Gases stock appears to be undervalued. The current stock price of ₹19.63 is trading 37.9% below its estimated GF Value™ of ₹31.62. GuruFocus considers Gagan Gases to be Possible Value Trap.

Key valuation signals for BOM:524624:

  • Cyclically Adjusted PS Ratio: 3.16 (16% below median its 10-year median of 3.76)
  • GF Value™: ₹31.62 vs. price of ₹19.63 (37.9% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 203.8% above the Oil & Gas median (#561 of 712)

No single metric tells the full story. See the BOM:524624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gagan Gases Business Description

Industry EnergyOil & Gas
Address Scheme No. 78, Plot no 40, Part 2, Vijaynagar, Indore, MP, IND, 452010
Gagan Gases Ltd is an India-based company engaged in the distribution of LPG in the private sector and operates a LPG bottling plant at Pithampur. It is also engaged in providing LPG bottling assistance to other companies.
79GF Score

Get the complete analysis for BOM:524624

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

₹19.63
Price
₹31.62
GF Value