Artefact Projects (BOM:531297) Cyclically Adjusted PS Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:531297 Artefact Projects Ltd BOM:531297
58 GF Score
Price ₹52.48
GF Value ₹95.60
Valuation Possible Value Trap
! 3 Warning Signs
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What is Artefact Projects Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Artefact Projects  (BOM:531297) 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.


Artefact Projects Cyclically Adjusted PS Ratio Related Terms


Artefact Projects Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Artefact Projects'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.

Artefact Projects Cyclically Adjusted PS Ratio Chart

Artefact Projects 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 0.52 1.51 1.00 1.10

Artefact Projects 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 1.36 1.25 1.14 1.10 0.00

BOM:531297 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Artefact Projects'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.


Artefact Projects Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Artefact Projects's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:531297
58GF Score
Artefact Projects Ltd BOM:531297
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Artefact Projects 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.

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

For example, Artefact Projects'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)
=4.366/167.3573*167.3573
=4.366

Current CPI (Jun. 2026) = 167.3573.

Artefact Projects Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.000 102.518 0.000
201612 9.986 105.196 15.887
201703 14.687 105.196 23.366
201706 8.545 107.109 13.352
201709 9.748 109.021 14.964
201712 8.706 109.404 13.318
201803 11.996 109.786 18.287
201806 9.142 111.317 13.744
201809 6.505 115.142 9.455
201812 11.445 115.142 16.635
201903 13.652 118.202 19.329
201906 10.559 120.880 14.619
201909 15.374 123.175 20.889
201912 11.884 126.235 15.755
202003 17.063 124.705 22.899
202006 13.964 127.000 18.401
202009 14.134 130.118 18.179
202012 11.256 130.889 14.392
202103 11.230 131.771 14.263
202106 10.154 134.084 12.674
202109 8.106 135.847 9.986
202112 8.070 138.161 9.775
202203 6.065 138.822 7.312
202206 6.127 142.347 7.203
202209 5.600 144.661 6.479
202212 5.723 145.763 6.571
202303 7.510 146.865 8.558
202306 5.812 150.280 6.472
202309 8.849 151.492 9.776
202312 8.774 152.924 9.602
202403 9.783 153.035 10.699
202406 4.287 155.789 4.605
202409 9.403 157.882 9.967
202412 10.097 158.323 10.673
202503 17.551 157.552 18.643
202506 3.041 159.755 3.186
202509 12.358 162.289 12.744
202512 9.280 163.281 9.512
202603 21.452 164.272 21.855
202606 4.366 167.357 4.366

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.

Is Artefact Projects (BOM:531297) Overvalued in 2026?

Based on GuruFocus' analysis, Artefact Projects stock appears to be undervalued. The current stock price of ₹52.48 is trading 45.1% below its estimated GF Value™ of ₹95.60. GuruFocus considers Artefact Projects to be Possible Value Trap.

Key valuation signals for BOM:531297:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹95.60 vs. price of ₹52.48 (45.1% below fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the BOM:531297 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artefact Projects Business Description

Address 54/3, Wardha Road, Block No. 105, 2nd Floor, Chhatrapati Square, Artefact Towers, Nagpur, MH, IND, 440015
Artefact Projects Ltd is engaged in architectural and engineering activities and related technical consultancy. It provides project management services for Highways, Urban Infrastructure, Airports, and Social Contribution as focus areas of expertise. The company operates only in India.
58GF Score

Get the complete analysis for BOM:531297

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

₹52.48
Price
₹95.60
GF Value