Spice Islands Industries (BOM:526827) Cyclically Adjusted PS Ratio: 12.80 (As of Sep. 11, 2026) — 3100% 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:526827 Spice Islands Industries Ltd BOM:526827
31 GF Score
Price ₹91.80
! 3 Warning Signs
View Full Analysis

What is Spice Islands Industries Cyclically Adjusted PS Ratio?

Spice Islands Industries BOM:526827 -3.57% 31 Cyclically Adjusted PS Ratio is 12.80 as of Sep. 11, 2026, which is 3100% above its 10-year median of 0.40. GuruFocus rates BOM:526827 with a GF Score™ of 31/100. The stock has 3 warning signs investors should review. Among 83 Beverages - Non-Alcoholic companies, Spice Islands Industries ranks worse than 96.39% on this metric.

As of today (2026-09-11), Spice Islands Industries's current share price is ₹91.80. Spice Islands Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹7.17. Spice Islands Industries's Cyclically Adjusted PS Ratio for today is 12.80.

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

BOM:526827' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.4   Max: 15.52
Current: 13.01

During the past years, Spice Islands Industries's highest Cyclically Adjusted PS Ratio was 15.52. The lowest was 0.05. And the median was 0.40.

BOM:526827's Cyclically Adjusted PS Ratio is ranked worse than
96.39% of 83 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.61 vs BOM:526827: 13.01

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.

Spice Islands Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹5.709. 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 ₹7.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spice Islands Industries  (BOM:526827) 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.


Spice Islands Industries Cyclically Adjusted PS Ratio Related Terms


Spice Islands Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Spice Islands 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.

Spice Islands Industries Cyclically Adjusted PS Ratio Chart

Spice Islands 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 0.24 0.15 0.81 1.19 7.89

Spice Islands 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 1.29 2.35 5.59 7.89 14.49

BOM:526827 vs KO, PEP, MNST: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Spice Islands 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.


Spice Islands Industries Cyclically Adjusted PS Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spice Islands Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:526827
31GF Score
Spice Islands Industries Ltd BOM:526827
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spice Islands 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=91.80/7.17
=12.80

* 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.

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

For example, Spice Islands 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)
=5.709/167.3573*167.3573
=5.709

Current CPI (Jun. 2026) = 167.3573.

Spice Islands Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.125 105.961 1.777
201612 3.032 105.196 4.824
201703 1.771 105.196 2.818
201706 1.570 107.109 2.453
201709 3.652 109.021 5.606
201712 2.814 109.404 4.305
201803 5.370 109.786 8.186
201806 1.224 111.317 1.840
201809 2.676 115.142 3.890
201812 1.780 115.142 2.587
201903 1.944 118.202 2.752
201906 0.808 120.880 1.119
201909 2.922 123.175 3.970
201912 1.465 126.235 1.942
202003 1.795 124.705 2.409
202006 0.113 127.000 0.149
202009 1.440 130.118 1.852
202012 0.576 130.889 0.736
202103 0.892 131.771 1.133
202106 0.166 134.084 0.207
202109 0.279 135.847 0.344
202112 0.427 138.161 0.517
202203 0.353 138.822 0.426
202206 0.009 142.347 0.011
202209 0.068 144.661 0.079
202212 0.213 145.763 0.245
202303 -0.010 146.865 -0.011
202306 0.094 150.280 0.105
202309 0.059 151.492 0.065
202312 0.048 152.924 0.053
202403 -0.193 153.035 -0.211
202406 0.000 155.789 0.000
202409 0.047 157.882 0.050
202412 0.156 158.323 0.165
202503 0.158 157.552 0.168
202506 0.891 159.755 0.933
202509 0.810 162.289 0.835
202512 1.344 163.281 1.378
202603 4.413 164.272 4.496
202606 5.709 167.357 5.709

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 12.80 mean?
Spice Islands Industries (BOM:526827) has a Cyclically Adjusted PS Ratio of 12.80 as of Sep. 11, 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 Spice Islands Industries and its competitors. This is 3100% above median its historical median of 0.40. Over the past decade, Spice Islands Industries' Cyclically Adjusted PS Ratio has ranged from 0.05 to 15.52. According to the industry distribution chart, Spice Islands Industries ranks #80 out of 83 companies in the Beverages - Non-Alcoholic industry, placing it in the top 96.4%.
Is Spice Islands Industries' Cyclically Adjusted PS Ratio too high?
Spice Islands Industries' current Cyclically Adjusted PS Ratio of 12.80 is 3100% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 15.52. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PS Ratio is 1.61. Spice Islands Industries' value of 12.80 is 695% above this industry median. Based on the distribution chart, Spice Islands Industries ranks #80 out of 83 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Spice Islands Industries has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Spice Islands Industries' Cyclically Adjusted PS Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spice Islands Industries ranks #80 out of 83 companies for Cyclically Adjusted PS Ratio. This places Spice Islands Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.61. Spice Islands Industries' value of 12.80 is 695% above this benchmark. Historically, Spice Islands Industries' own Cyclically Adjusted PS Ratio has ranged from 0.05 to 15.52 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.61, Spice Islands 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Non-Alcoholic companies is 1.61, based on 83 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. Spice Islands Industries's current Cyclically Adjusted PS Ratio of 12.80 is 695% 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 Spice Islands Industries and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spice Islands Industries's current Cyclically Adjusted PS Ratio is 12.80, which is 3100% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spice Islands Industries stock overvalued right now?
Spice Islands Industries (BOM:526827) has a current Cyclically Adjusted PS Ratio of 12.80. The current Cyclically Adjusted PS Ratio is 12.80, which is 3100% above median its 10-year median of 0.40 and 695% above the Beverages - Non-Alcoholic industry median of 1.61. Spice Islands Industries' overall GF Score™ is 31/100 with 3 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 Spice Islands Industries (BOM:526827), the current Cyclically Adjusted PS Ratio is 12.80 as of Sep. 11, 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.

Spice Islands Industries Business Description

Address L. B. S. Marg, Unit 3043-3048, 3rd Floor, Bhandup Industrial Estate, Pannalal Silk Mills Compound, Bhandup (West), Mumbai, MH, IND, 400078
Spice Islands Industries Ltd operates mainly in three areas: i) trading branded packaged beverages, ii) providing hospitality services, and iii) renting electric vehicles (two-wheelers). The rental of electric vehicles: The company has purchased electric vehicles during the year and earns revenue from customers based on the right to use them. The Food and beverages: The company also trades various types of drinks, including carbonated and pulp-based drinks, as well as drinking water. The Hospitality business: It offers services such as room rentals and restaurant services, including banquet services, to various customers. To provide these services, the company has acquired a hotel in Gujarat on a rental basis. The majority of its revenue comes from the food and beverages sector.
31GF Score

Get the complete analysis for BOM:526827

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

₹91.80
Price