Gratex Industries (BOM:526751) Cyclically Adjusted PS Ratio: 2.66 (As of Jul. 17, 2026) — 41% Above Median

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BOM:526751 Gratex Industries Ltd BOM:526751
72 GF Score
Price ₹26.00
GF Value ₹24.87
Valuation Fairly Valued
! 8 Warning Signs
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What is Gratex Industries Cyclically Adjusted PS Ratio?

Gratex Industries BOM:526751 -0.31% 72 Cyclically Adjusted PS Ratio is 2.66 as of Jul. 17, 2026, which is 41% above its 10-year median of 1.89. GuruFocus rates BOM:526751 with a GF Score™ of 72/100 and a GF Value™ of ₹24.87 (Fairly Valued). The stock has 8 warning signs investors should review. Among 338 Furnishings, Fixtures & Appliances companies, Gratex Industries ranks worse than 86.39% on this metric.

As of today (2026-07-17), Gratex Industries's current share price is ₹26.00. Gratex Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹9.78. Gratex Industries's Cyclically Adjusted PS Ratio for today is 2.66.

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

BOM:526751' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.89   Max: 3.85
Current: 2.66

During the past years, Gratex Industries's highest Cyclically Adjusted PS Ratio was 3.85. The lowest was 0.68. And the median was 1.89.

BOM:526751's Cyclically Adjusted PS Ratio is ranked worse than
86.39% of 338 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.7 vs BOM:526751: 2.66

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.

Gratex Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹3.972. 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 ₹9.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gratex Industries  (BOM:526751) 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.


Gratex Industries Cyclically Adjusted PS Ratio Related Terms


Gratex Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gratex 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.

Gratex Industries Cyclically Adjusted PS Ratio Chart

Gratex 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 0.96 1.45 2.38 2.27 1.78

Gratex Industries 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 2.27 2.13 2.23 1.85 1.78

BOM:526751 vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Gratex 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.


Gratex Industries Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gratex Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:526751
72GF Score
Gratex Industries Ltd BOM:526751
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gratex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.00/9.78
=2.66

* 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.

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

For example, Gratex Industries'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)
=3.972/164.2724*164.2724
=3.972

Current CPI (Mar. 2026) = 164.2724.

Gratex Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.948 105.961 1.470
201609 1.049 105.961 1.626
201612 1.396 105.196 2.180
201703 0.580 105.196 0.906
201706 0.733 107.109 1.124
201709 1.396 109.021 2.103
201712 1.284 109.404 1.928
201803 3.132 109.786 4.686
201806 2.071 111.317 3.056
201809 3.272 115.142 4.668
201812 3.326 115.142 4.745
201903 -1.934 118.202 -2.688
201906 2.428 120.880 3.300
201909 2.688 123.175 3.585
201912 3.211 126.235 4.179
202003 -2.387 124.705 -3.144
202006 0.548 127.000 0.709
202009 1.450 130.118 1.831
202012 2.401 130.889 3.013
202103 -0.407 131.771 -0.507
202106 1.450 134.084 1.776
202109 2.401 135.847 2.903
202112 2.757 138.161 3.278
202203 0.315 138.822 0.373
202206 3.065 142.347 3.537
202209 3.387 144.661 3.846
202212 4.367 145.763 4.922
202303 -0.530 146.865 -0.593
202306 3.420 150.280 3.738
202309 3.151 151.492 3.417
202312 3.326 152.924 3.573
202403 -0.794 153.035 -0.852
202406 2.929 155.789 3.088
202409 4.317 157.882 4.492
202412 3.772 158.323 3.914
202503 3.362 157.552 3.505
202506 2.826 159.755 2.906
202509 3.772 162.289 3.818
202512 3.362 163.281 3.382
202603 3.972 164.272 3.972

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 2.66 mean?
Gratex Industries (BOM:526751) has a Cyclically Adjusted PS Ratio of 2.66 as of Jul. 17, 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 Gratex Industries and its competitors. This is 41% above median its historical median of 1.89. Over the past decade, Gratex Industries' Cyclically Adjusted PS Ratio has ranged from 0.68 to 3.85. According to the industry distribution chart, Gratex Industries ranks #292 out of 338 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 86.4%.
Is Gratex Industries' Cyclically Adjusted PS Ratio too high?
Gratex Industries' current Cyclically Adjusted PS Ratio of 2.66 is 41% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 3.85. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PS Ratio is 0.70. Gratex Industries' value of 2.66 is 280% above this industry median. Based on the distribution chart, Gratex Industries ranks #292 out of 338 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Gratex Industries has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gratex Industries' Cyclically Adjusted PS Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Gratex Industries ranks #292 out of 338 companies for Cyclically Adjusted PS Ratio. This places Gratex Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Gratex Industries' value of 2.66 is 280% above this benchmark. Historically, Gratex Industries' own Cyclically Adjusted PS Ratio has ranged from 0.68 to 3.85 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 0.70, Gratex 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PS Ratio among Furnishings, Fixtures & Appliances companies is 0.70, based on 338 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. Gratex Industries's current Cyclically Adjusted PS Ratio of 2.66 is 280% 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 Gratex Industries and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gratex Industries's current Cyclically Adjusted PS Ratio is 2.66, which is 41% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gratex Industries stock overvalued right now?
Based on GuruFocus' analysis, Gratex Industries (BOM:526751) is currently considered Fairly Valued. The stock's GF Value™ is ₹24.87, compared to a current price of ₹26.00 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.66, which is 41% above median its 10-year median of 1.89 and 280% above the Furnishings, Fixtures & Appliances industry median of 0.70. Gratex Industries' overall GF Score™ is 72/100 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 Gratex Industries (BOM:526751), the current Cyclically Adjusted PS Ratio is 2.66 as of Jul. 17, 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 Gratex Industries (BOM:526751) Overvalued in 2026?

Based on GuruFocus' analysis, Gratex Industries stock appears to be overvalued. The current stock price of ₹26.00 is trading 4.5% above its estimated GF Value™ of ₹24.87. GuruFocus considers Gratex Industries to be Fairly Valued.

Key valuation signals for BOM:526751:

  • Cyclically Adjusted PS Ratio: 2.66 (41% above median its 10-year median of 1.89)
  • GF Value™: ₹24.87 vs. price of ₹26.00 (4.5% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 280% above the Furnishings, Fixtures & Appliances median (#292 of 338)

No single metric tells the full story. See the BOM:526751 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gratex Industries Business Description

Address TTC Industrial Area, Gratex House, A73, MIDC, Kopar Khairne, Sanpada, Thane, Navi Mumbai, MH, IND, 400703
Gratex Industries Ltd engages in the business of trading, reselling and wholesale of wallpapers and related products. Geographically all business activities of the firm are carried out in India. It operates in single business segment: Manufacturing and Trading of Profiles, Catalogues, Digital Posters, Furnitures and Wall coverings.
72GF Score

Get the complete analysis for BOM:526751

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

₹26.00
Price
₹24.87
GF Value