Thakkers Developers (BOM:526654) Cyclically Adjusted PS Ratio: 3.68 (As of Aug. 04, 2026) — 25% Above Median

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BOM:526654 Thakkers Developers Ltd BOM:526654
63 GF Score
Price ₹158.00
GF Value ₹166.83
Valuation Fairly Valued
! 6 Warning Signs
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What is Thakkers Developers Cyclically Adjusted PS Ratio?

Thakkers Developers BOM:526654 +1.44% 63 Cyclically Adjusted PS Ratio is 3.68 as of Aug. 04, 2026, which is 25% above its 10-year median of 2.94. GuruFocus rates BOM:526654 with a GF Score™ of 63/100 and a GF Value™ of ₹166.83 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,356 Real Estate companies, Thakkers Developers ranks worse than 69.99% on this metric.

As of today (2026-08-04), Thakkers Developers's current share price is ₹158.00. Thakkers Developers's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹42.96. Thakkers Developers's Cyclically Adjusted PS Ratio for today is 3.68.

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

BOM:526654' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.94   Max: 5.35
Current: 3.82

During the past years, Thakkers Developers's highest Cyclically Adjusted PS Ratio was 5.35. The lowest was 0.96. And the median was 2.94.

BOM:526654's Cyclically Adjusted PS Ratio is ranked worse than
69.99% of 1356 companies
in the Real Estate industry
Industry Median: 1.83 vs BOM:526654: 3.82

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.

Thakkers Developers's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹5.309. 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 ₹42.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thakkers Developers  (BOM:526654) 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.


Thakkers Developers Cyclically Adjusted PS Ratio Related Terms


Thakkers Developers Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thakkers Developers'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.

Thakkers Developers Cyclically Adjusted PS Ratio Chart

Thakkers Developers 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 1.96 2.56 3.35 3.97 2.10

Thakkers Developers 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 3.97 4.15 3.59 3.25 2.10

Thakkers Developers Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Thakkers Developers'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.


Thakkers Developers Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Thakkers Developers's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:526654
63GF Score
Thakkers Developers Ltd BOM:526654
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thakkers Developers 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.

Thakkers Developers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=158.00/42.96
=3.68

* 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.

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

For example, Thakkers Developers'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)
=5.309/164.2724*164.2724
=5.309

Current CPI (Mar. 2026) = 164.2724.

Thakkers Developers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.009 105.961 13.967
201609 7.471 105.961 11.582
201612 10.021 105.196 15.649
201703 19.477 105.196 30.415
201706 3.714 107.109 5.696
201709 6.710 109.021 10.111
201712 4.752 109.404 7.135
201803 15.721 109.786 23.523
201806 2.049 111.317 3.024
201809 9.171 115.142 13.084
201812 4.016 115.142 5.730
201903 5.230 118.202 7.268
201906 4.105 120.880 5.579
201909 1.611 123.175 2.149
201912 13.376 126.235 17.406
202003 6.307 124.705 8.308
202006 1.246 127.000 1.612
202009 10.163 130.118 12.831
202012 11.313 130.889 14.198
202103 7.075 131.771 8.820
202106 1.911 134.084 2.341
202109 32.334 135.847 39.100
202112 7.533 138.161 8.957
202203 -8.579 138.822 -10.152
202206 10.065 142.347 11.615
202209 15.929 144.661 18.088
202212 16.999 145.763 19.158
202303 8.189 146.865 9.160
202306 11.355 150.280 12.412
202309 10.532 151.492 11.421
202312 5.783 152.924 6.212
202403 7.045 153.035 7.562
202406 4.556 155.789 4.804
202409 15.867 157.882 16.509
202412 7.864 158.323 8.160
202503 6.861 157.552 7.154
202506 10.016 159.755 10.299
202509 7.200 162.289 7.288
202512 16.006 163.281 16.103
202603 5.309 164.272 5.309

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 3.68 mean?
Thakkers Developers (BOM:526654) has a Cyclically Adjusted PS Ratio of 3.68 as of Aug. 04, 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 Thakkers Developers and its competitors. This is 25% above median its historical median of 2.94. Over the past decade, Thakkers Developers' Cyclically Adjusted PS Ratio has ranged from 0.96 to 5.35. According to the industry distribution chart, Thakkers Developers ranks #949 out of 1356 companies in the Real Estate industry, placing it in the top 70%.
Is Thakkers Developers' Cyclically Adjusted PS Ratio too high?
Thakkers Developers' current Cyclically Adjusted PS Ratio of 3.68 is 25% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 5.35. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Thakkers Developers' value of 3.68 is 101.1% above this industry median. Based on the distribution chart, Thakkers Developers ranks #949 out of 1356 companies in the Real Estate industry, which is below the industry midpoint. Overall, Thakkers Developers has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thakkers Developers' Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Thakkers Developers ranks #949 out of 1356 companies for Cyclically Adjusted PS Ratio. This places Thakkers Developers in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Thakkers Developers' value of 3.68 is 101.1% above this benchmark. Historically, Thakkers Developers' own Cyclically Adjusted PS Ratio has ranged from 0.96 to 5.35 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 1.83, Thakkers Developers 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,356 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. Thakkers Developers's current Cyclically Adjusted PS Ratio of 3.68 is 101.1% 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 Thakkers Developers and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thakkers Developers's current Cyclically Adjusted PS Ratio is 3.68, which is 25% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thakkers Developers stock overvalued right now?
Based on GuruFocus' analysis, Thakkers Developers (BOM:526654) is currently considered Fairly Valued. The stock's GF Value™ is ₹166.83, compared to a current price of ₹158.00 — trading 5.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.68, which is 25% above median its 10-year median of 2.94 and 101.1% above the Real Estate industry median of 1.83. Thakkers Developers' overall GF Score™ is 63/100 with 6 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 Thakkers Developers (BOM:526654), the current Cyclically Adjusted PS Ratio is 3.68 as of Aug. 04, 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 Thakkers Developers (BOM:526654) Overvalued in 2026?

Based on GuruFocus' analysis, Thakkers Developers stock appears to be undervalued. The current stock price of ₹158.00 is trading 5.3% below its estimated GF Value™ of ₹166.83. GuruFocus considers Thakkers Developers to be Fairly Valued.

Key valuation signals for BOM:526654:

  • Cyclically Adjusted PS Ratio: 3.68 (25% above median its 10-year median of 2.94)
  • GF Value™: ₹166.83 vs. price of ₹158.00 (5.3% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 101.1% above the Real Estate median (#949 of 1356)

No single metric tells the full story. See the BOM:526654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thakkers Developers Business Description

Address Modi Street, 37/39, Kantol Niwas, Fort, Mumbai, MH, IND, 400 001
Thakkers Developers Ltd is an India-based company engaged in construction and real estate development activities. Its segments include Construction and Contract Related Activity and Estate Dealing and Development Activity. It has plots under divisions including industrial, commercial, residential, and agricultural. Richmond Heights, Indigo Park, Purab Pashchim Plaza, and Thakkers Majesty are a few of the company's projects. It generates key revenue from the Construction and Contract Related Activity.
63GF Score

Get the complete analysis for BOM:526654

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

₹158.00
Price
₹166.83
GF Value