Vikram Thermo (India) (BOM:530477) Cyclically Adjusted PS Ratio: 8.73 (As of Sep. 01, 2026) — 143% Above Median

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BOM:530477 Vikram Thermo (India) Ltd BOM:530477
80 GF Score
Price ₹298.15
GF Value ₹197.78
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Vikram Thermo (India) Cyclically Adjusted PS Ratio?

Vikram Thermo (India) BOM:530477 +1.05% 80 Cyclically Adjusted PS Ratio is 8.73 as of Sep. 01, 2026, which is 143% above its 10-year median of 3.60. GuruFocus rates BOM:530477 with a GF Score™ of 80/100 and a GF Value™ of ₹197.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 749 Drug Manufacturers companies, Vikram Thermo (India) ranks worse than 89.45% on this metric.

As of today (2026-09-01), Vikram Thermo (India)'s current share price is ₹298.15. Vikram Thermo (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹34.16. Vikram Thermo (India)'s Cyclically Adjusted PS Ratio for today is 8.73.

The historical rank and industry rank for Vikram Thermo (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:530477' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 3.6   Max: 8.64
Current: 8.64

During the past years, Vikram Thermo (India)'s highest Cyclically Adjusted PS Ratio was 8.64. The lowest was 0.83. And the median was 3.60.

BOM:530477's Cyclically Adjusted PS Ratio is ranked worse than
89.45% of 749 companies
in the Drug Manufacturers industry
Industry Median: 2.05 vs BOM:530477: 8.64

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.

Vikram Thermo (India)'s adjusted revenue per share data for the three months ended in Jun. 2026 was ₹12.091. 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 ₹34.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vikram Thermo (India)  (BOM:530477) 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.


Vikram Thermo (India) Cyclically Adjusted PS Ratio Related Terms


Vikram Thermo (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vikram Thermo (India)'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.

Vikram Thermo (India) Cyclically Adjusted PS Ratio Chart

Vikram Thermo (India) 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 1.61 2.27 5.31 5.92 4.13

Vikram Thermo (India) 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 5.28 5.26 5.04 4.13 7.03

BOM:530477 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Vikram Thermo (India)'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.


Vikram Thermo (India) Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vikram Thermo (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Vikram Thermo (India)'s Cyclically Adjusted PS Ratio falls into.


BOM:530477
80GF Score
Vikram Thermo (India) Ltd BOM:530477
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vikram Thermo (India) 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.

Vikram Thermo (India)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=298.15/34.16
=8.73

* 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.

Vikram Thermo (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vikram Thermo (India)'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)
=12.091/167.3573*167.3573
=12.091

Current CPI (Jun. 2026) = 167.3573.

Vikram Thermo (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.777 105.961 5.965
201612 3.938 105.196 6.265
201703 4.660 105.196 7.414
201706 4.120 107.109 6.437
201709 3.819 109.021 5.862
201712 4.909 109.404 7.509
201803 4.475 109.786 6.822
201806 4.824 111.317 7.253
201809 4.964 115.142 7.215
201812 5.068 115.142 7.366
201903 5.514 118.202 7.807
201906 5.014 120.880 6.942
201909 5.145 123.175 6.990
201912 4.136 126.235 5.483
202003 4.103 124.705 5.506
202006 6.706 127.000 8.837
202009 4.942 130.118 6.356
202012 6.163 130.889 7.880
202103 5.319 131.771 6.755
202106 8.527 134.084 10.643
202109 6.939 135.847 8.549
202112 6.048 138.161 7.326
202203 7.835 138.822 9.446
202206 8.037 142.347 9.449
202209 9.226 144.661 10.673
202212 8.608 145.763 9.883
202303 9.264 146.865 10.557
202306 6.935 150.280 7.723
202309 8.873 151.492 9.802
202312 7.756 152.924 8.488
202403 8.370 153.035 9.153
202406 9.934 155.789 10.672
202409 10.730 157.882 11.374
202412 10.953 158.323 11.578
202503 8.648 157.552 9.186
202506 9.113 159.755 9.547
202509 11.038 162.289 11.383
202512 10.861 163.281 11.132
202603 12.062 164.272 12.289
202606 12.091 167.357 12.091

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 8.73 mean?
Vikram Thermo (India) (BOM:530477) has a Cyclically Adjusted PS Ratio of 8.73 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 Vikram Thermo (India) and its competitors. This is 143% above median its historical median of 3.60. Over the past decade, Vikram Thermo (India)'s Cyclically Adjusted PS Ratio has ranged from 0.83 to 8.64. According to the industry distribution chart, Vikram Thermo (India) ranks #670 out of 749 companies in the Drug Manufacturers industry, placing it in the top 89.5%.
Is Vikram Thermo (India)'s Cyclically Adjusted PS Ratio too high?
Vikram Thermo (India)'s current Cyclically Adjusted PS Ratio of 8.73 is 143% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 8.64. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. Vikram Thermo (India)'s value of 8.73 is 325.9% above this industry median. Based on the distribution chart, Vikram Thermo (India) ranks #670 out of 749 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Vikram Thermo (India) has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vikram Thermo (India)'s Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Vikram Thermo (India) ranks #670 out of 749 companies for Cyclically Adjusted PS Ratio. This places Vikram Thermo (India) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.05. Vikram Thermo (India)'s value of 8.73 is 325.9% above this benchmark. Historically, Vikram Thermo (India)'s own Cyclically Adjusted PS Ratio has ranged from 0.83 to 8.64 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 2.05, Vikram Thermo (India) 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.05, based on 749 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. Vikram Thermo (India)'s current Cyclically Adjusted PS Ratio of 8.73 is 325.9% 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 Vikram Thermo (India) and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Thermo (India)'s current Cyclically Adjusted PS Ratio is 8.73, which is 143% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikram Thermo (India) stock overvalued right now?
Based on GuruFocus' analysis, Vikram Thermo (India) (BOM:530477) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹197.78, compared to a current price of ₹298.15 — trading 50.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.73, which is 143% above median its 10-year median of 3.60 and 325.9% above the Drug Manufacturers industry median of 2.05. Vikram Thermo (India)'s overall GF Score™ is 80/100 with 7 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 Vikram Thermo (India) (BOM:530477), the current Cyclically Adjusted PS Ratio is 8.73 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 Vikram Thermo (India) (BOM:530477) Overvalued in 2026?

Based on GuruFocus' analysis, Vikram Thermo (India) stock appears to be overvalued. The current stock price of ₹298.15 is trading 50.7% above its estimated GF Value™ of ₹197.78. GuruFocus considers Vikram Thermo (India) to be Significantly Overvalued.

Key valuation signals for BOM:530477:

  • Cyclically Adjusted PS Ratio: 8.73 (143% above median its 10-year median of 3.60)
  • GF Value™: ₹197.78 vs. price of ₹298.15 (50.7% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 325.9% above the Drug Manufacturers median (#670 of 749)

No single metric tells the full story. See the BOM:530477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vikram Thermo (India) Business Description

Address Science City Road, A/704-714, The Capital, Ahmedabad, GJ, IND, 380060
Vikram Thermo (India) Ltd is engaged in the manufacturing and selling of basic pharma co-polymer Drug Coat, Diphenyl Oxide, Aquapol line of cosmetic polymers, and Apion line of cross-linked polymers. Through its products, the company provides a complete solution for various applications in the solid oral dosage coating segment with complementary technical support. It operates in a single segment, Chemicals. Geographically, the company generates maximum revenue from its business in India, followed by the Rest of the world.
80GF Score

Get the complete analysis for BOM:530477

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

₹298.15
Price
₹197.78
GF Value