Ratnakar Securities (BOM:530243) Cyclically Adjusted PS Ratio: 0.02 (As of Sep. 12, 2026) — 33% Below 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:530243 Ratnakar Securities Ltd BOM:530243
4 GF Score
Price ₹4.64
! 8 Warning Signs
View Full Analysis

What is Ratnakar Securities Cyclically Adjusted PS Ratio?

Ratnakar Securities BOM:530243 4 Cyclically Adjusted PS Ratio is 0.02 as of Sep. 12, 2026, which is 33% below its 10-year median of 0.03. GuruFocus rates BOM:530243 with a GF Score™ of 4/100. The stock has 8 warning signs investors should review.

As of today (2026-09-12), Ratnakar Securities's current share price is ₹4.64. Ratnakar Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹207.08. Ratnakar Securities's Cyclically Adjusted PS Ratio for today is 0.02.

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

BOM:530243' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.03   Max: 0.08
Current: 0.02

During the past years, Ratnakar Securities's highest Cyclically Adjusted PS Ratio was 0.08. The lowest was 0.02. And the median was 0.03.

BOM:530243's Cyclically Adjusted PS Ratio is not ranked
in the Capital Markets industry.
Industry Median: 3.65 vs BOM:530243: 0.02

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.

Ratnakar Securities's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹74.175. 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 ₹207.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ratnakar Securities  (BOM:530243) 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.


Ratnakar Securities Cyclically Adjusted PS Ratio Related Terms


Ratnakar Securities Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ratnakar Securities'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.

Ratnakar Securities Cyclically Adjusted PS Ratio Chart

Ratnakar Securities 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 0.00 0.00 0.08 0.04 0.02

Ratnakar Securities 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 0.03 0.03 0.03 0.02 0.02

BOM:530243 vs STTH, EPXY, ZIMCF: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Ratnakar Securities'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.


Ratnakar Securities Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ratnakar Securities's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:530243
4GF Score
Ratnakar Securities Ltd BOM:530243
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ratnakar Securities 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.

Ratnakar Securities's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.64/207.08
=0.02

* 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.

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

For example, Ratnakar Securities'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)
=74.175/167.3573*167.3573
=74.175

Current CPI (Jun. 2026) = 167.3573.

Ratnakar Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.072 105.961 0.114
201612 0.068 105.196 0.108
201703 0.062 105.196 0.099
201706 0.016 107.109 0.025
201709 0.024 109.021 0.037
201712 0.025 109.404 0.038
201803 0.026 109.786 0.040
201806 0.000 111.317 0.000
201809 0.024 115.142 0.035
201812 0.016 115.142 0.023
201903 0.017 118.202 0.024
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 0.000 124.705 0.000
202006 0.000 127.000 0.000
202009 0.000 130.118 0.000
202012 0.000 130.889 0.000
202103 0.000 131.771 0.000
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.000 138.161 0.000
202203 0.000 138.822 0.000
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202306 0.000 150.280 0.000
202309 0.000 151.492 0.000
202312 0.000 152.924 0.000
202403 305.935 153.035 334.568
202406 0.000 155.789 0.000
202409 125.821 157.882 133.372
202412 62.223 158.323 65.774
202503 71.045 157.552 75.467
202506 88.625 159.755 92.842
202509 80.288 162.289 82.795
202512 66.075 163.281 67.725
202603 55.313 164.272 56.352
202606 74.175 167.357 74.175

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 0.02 mean?
Ratnakar Securities (BOM:530243) has a Cyclically Adjusted PS Ratio of 0.02 as of Sep. 12, 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 Ratnakar Securities and its competitors. This is 33% below median its historical median of 0.03. Over the past decade, Ratnakar Securities' Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.08.
Is Ratnakar Securities' Cyclically Adjusted PS Ratio too high?
Ratnakar Securities' current Cyclically Adjusted PS Ratio of 0.02 is 33% below median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.08. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.65. Ratnakar Securities' value of 0.02 is 99.5% below this industry median. Overall, Ratnakar Securities has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ratnakar Securities' Cyclically Adjusted PS Ratio compare to STTH and EPXY?
Ratnakar Securities' Cyclically Adjusted PS Ratio of 0.02 can be compared against companies in the Capital Markets industry. The industry median Cyclically Adjusted PS Ratio is 3.65. Ratnakar Securities' value of 0.02 is 99.5% below this benchmark. Historically, Ratnakar Securities' own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.08 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 3.65, Ratnakar Securities 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.65, based on 600 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. Ratnakar Securities's current Cyclically Adjusted PS Ratio of 0.02 is 99.5% 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 Ratnakar Securities and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnakar Securities's current Cyclically Adjusted PS Ratio is 0.02, which is 33% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnakar Securities stock overvalued right now?
Ratnakar Securities (BOM:530243) has a current Cyclically Adjusted PS Ratio of 0.02. The current Cyclically Adjusted PS Ratio is 0.02, which is 33% below median its 10-year median of 0.03 and 99.5% below the Capital Markets industry median of 3.65. Ratnakar Securities' overall GF Score™ is 4/100 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 Ratnakar Securities (BOM:530243), the current Cyclically Adjusted PS Ratio is 0.02 as of Sep. 12, 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.

Ratnakar Securities Business Description

Address Nr. Kalgi Char Rasta, Shop - 304, Sankalp Square-2, Near Delux Appartment, Jalaram Temple, Paldi, Ahmedabad, GJ, IND, 380006
Ratnakar Securities Ltd is one of the broking houses and investment advisors in India. The company is engaged in offering financial planning solutions, offers a diversified range of investments and financial products and services. Its products include: Equity, Derivatives, Mutual Fund, Commodities, Insurance, Loans, Narnolia Investment Advisory Portfolios, Real Estate, and NRIs.
4GF Score

Get the complete analysis for BOM:530243

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

₹4.64
Price