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.
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.
Step TwoBOM:531509 38 Cyclically Adjusted PS Ratio is 19.18 as of Sep. 14, 2026, which is 63% above its 10-year median of 11.76. GuruFocus rates BOM:531509 with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 420 Credit Services companies, Step Two ranks worse than 90.95% on this metric.
The historical rank and industry rank for Step Two's Cyclically Adjusted PS Ratio or its related term are showing as below:
BOM:531509'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78 Med: 11.76 Max: 45.79
Current: 19.13
During the past years, Step Two's highest Cyclically Adjusted PS Ratio was 45.79. The lowest was 0.78. And the median was 11.76.
BOM:531509's Cyclically Adjusted PS Ratio is ranked worse than 90.95% of 420
companies
in the Credit Services industry
Industry Median: 2.965
vs BOM:531509: 19.13
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.
Step Two's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹3.315. 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 ₹1.56 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Step Two (BOM:531509) 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.
Step Two Cyclically Adjusted PS Ratio Related Terms
Step Two Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Step Two'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.
BOM:531509 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison
For the Credit Services subindustry, Step Two'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.
Step Two Cyclically Adjusted PS Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Step Two's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Step Two's Cyclically Adjusted PS Ratio falls into.
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.
Step Two's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 19.18 mean?
Step Two (BOM:531509) has a Cyclically Adjusted PS Ratio of 19.18 as of Sep. 14, 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 Step Two and its competitors. This is 63% above median its historical median of 11.76. Over the past decade, Step Two's Cyclically Adjusted PS Ratio has ranged from 0.78 to 45.79. According to the industry distribution chart, Step Two ranks #382 out of 420 companies in the Credit Services industry, placing it in the top 91%.
Is Step Two's Cyclically Adjusted PS Ratio too high?
Step Two's current Cyclically Adjusted PS Ratio of 19.18 is 63% above median its 10-year median of 11.76. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 45.79. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.97. Step Two's value of 19.18 is 546.9% above this industry median. Based on the distribution chart, Step Two ranks #382 out of 420 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Step Two has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Step Two's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Step Two ranks #382 out of 420 companies for Cyclically Adjusted PS Ratio. This places Step Two in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.97. Step Two's value of 19.18 is 546.9% above this benchmark. Historically, Step Two's own Cyclically Adjusted PS Ratio has ranged from 0.78 to 45.79 over the past decade. While the company's 10-year median is 11.76 vs. the industry median of 2.97, Step Two 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 2.97, based on 420 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. Step Two's current Cyclically Adjusted PS Ratio of 19.18 is 546.9% 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 Step Two and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Two's current Cyclically Adjusted PS Ratio is 19.18, which is 63% above median its own 10-year median of 11.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Two stock overvalued right now?
Step Two (BOM:531509) has a current Cyclically Adjusted PS Ratio of 19.18. The current Cyclically Adjusted PS Ratio is 19.18, which is 63% above median its 10-year median of 11.76 and 546.9% above the Credit Services industry median of 2.97. Step Two's overall GF Score™ is 38/100 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 Step Two (BOM:531509), the current Cyclically Adjusted PS Ratio is 19.18 as of Sep. 14, 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.
Step Two Corp Ltd is a registered non-banking finance company engaged in the business of providing finance. The Company is engaged in providing Business Loans, and is also engaged in Trading and Investment in Shares & Securities. The majority of the revenue is generated from Interest Income.
38GF Score
Get the complete analysis for BOM:531509
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:531509 has been successfully added to your 
