Maruti Infrastructure (BOM:531540) Cyclically Adjusted PS Ratio: 2.38 (As of Aug. 27, 2026) — 22% 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:531540 Maruti Infrastructure Ltd BOM:531540
68 GF Score
Price ₹10.50
GF Value ₹19.87
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Maruti Infrastructure Cyclically Adjusted PS Ratio?

Maruti Infrastructure BOM:531540 +0.10% 68 Cyclically Adjusted PS Ratio is 2.38 as of Aug. 27, 2026, which is 22% below its 10-year median of 3.06. GuruFocus rates BOM:531540 with a GF Score™ of 68/100 and a GF Value™ of ₹19.87 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,368 Construction companies, Maruti Infrastructure ranks worse than 83.26% on this metric.

As of today (2026-08-27), Maruti Infrastructure's current share price is ₹10.50. Maruti Infrastructure's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹4.41. Maruti Infrastructure's Cyclically Adjusted PS Ratio for today is 2.38.

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

BOM:531540' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.82   Med: 3.06   Max: 10.65
Current: 2.44

During the past years, Maruti Infrastructure's highest Cyclically Adjusted PS Ratio was 10.65. The lowest was 0.82. And the median was 3.06.

BOM:531540's Cyclically Adjusted PS Ratio is ranked worse than
83.26% of 1368 companies
in the Construction industry
Industry Median: 0.7 vs BOM:531540: 2.44

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.

Maruti Infrastructure's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.648. 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 ₹4.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maruti Infrastructure  (BOM:531540) 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.


Maruti Infrastructure Cyclically Adjusted PS Ratio Related Terms


Maruti Infrastructure Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Maruti Infrastructure'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.

Maruti Infrastructure Cyclically Adjusted PS Ratio Chart

Maruti Infrastructure 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 2.60 3.27 6.07 3.29 2.88

Maruti Infrastructure 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 3.87 3.11 3.05 2.88 2.77

BOM:531540 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Maruti Infrastructure'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.


Maruti Infrastructure Cyclically Adjusted PS Ratio vs Construction Industry

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

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


BOM:531540
68GF Score
Maruti Infrastructure Ltd BOM:531540
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruti Infrastructure 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.

Maruti Infrastructure's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.50/4.41
=2.38

* 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.

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

For example, Maruti Infrastructure'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)
=0.648/167.3573*167.3573
=0.648

Current CPI (Jun. 2026) = 167.3573.

Maruti Infrastructure Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.495 105.961 0.782
201612 0.192 105.196 0.305
201703 0.408 105.196 0.649
201706 0.335 107.109 0.523
201709 0.738 109.021 1.133
201712 0.938 109.404 1.435
201803 0.337 109.786 0.514
201806 0.152 111.317 0.229
201809 0.224 115.142 0.326
201812 0.224 115.142 0.326
201903 2.179 118.202 3.085
201906 0.259 120.880 0.359
201909 0.814 123.175 1.106
201912 0.473 126.235 0.627
202003 1.618 124.705 2.171
202006 0.000 127.000 0.000
202009 1.087 130.118 1.398
202012 1.345 130.889 1.720
202103 1.036 131.771 1.316
202106 0.179 134.084 0.223
202109 0.507 135.847 0.625
202112 0.750 138.161 0.908
202203 1.276 138.822 1.538
202206 0.367 142.347 0.431
202209 0.937 144.661 1.084
202212 1.024 145.763 1.176
202303 1.444 146.865 1.645
202306 0.664 150.280 0.739
202309 1.018 151.492 1.125
202312 1.227 152.924 1.343
202403 1.244 153.035 1.360
202406 0.564 155.789 0.606
202409 0.960 157.882 1.018
202412 1.448 158.323 1.531
202503 2.384 157.552 2.532
202506 1.840 159.755 1.928
202509 1.587 162.289 1.637
202512 1.447 163.281 1.483
202603 1.368 164.272 1.394
202606 0.648 167.357 0.648

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 2.38 mean?
Maruti Infrastructure (BOM:531540) has a Cyclically Adjusted PS Ratio of 2.38 as of Aug. 27, 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 Maruti Infrastructure and its competitors. This is 22% below median its historical median of 3.06. Over the past decade, Maruti Infrastructure's Cyclically Adjusted PS Ratio has ranged from 0.82 to 10.65. According to the industry distribution chart, Maruti Infrastructure ranks #1139 out of 1368 companies in the Construction industry, placing it in the top 83.3%.
Is Maruti Infrastructure's Cyclically Adjusted PS Ratio too high?
Maruti Infrastructure's current Cyclically Adjusted PS Ratio of 2.38 is 22% below median its 10-year median of 3.06. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 10.65. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Maruti Infrastructure's value of 2.38 is 240% above this industry median. Based on the distribution chart, Maruti Infrastructure ranks #1139 out of 1368 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Maruti Infrastructure has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maruti Infrastructure's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Maruti Infrastructure ranks #1139 out of 1368 companies for Cyclically Adjusted PS Ratio. This places Maruti Infrastructure in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Maruti Infrastructure's value of 2.38 is 240% above this benchmark. Historically, Maruti Infrastructure's own Cyclically Adjusted PS Ratio has ranged from 0.82 to 10.65 over the past decade. While the company's 10-year median is 3.06 vs. the industry median of 0.70, Maruti Infrastructure 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,368 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. Maruti Infrastructure's current Cyclically Adjusted PS Ratio of 2.38 is 240% 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 Maruti Infrastructure and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruti Infrastructure's current Cyclically Adjusted PS Ratio is 2.38, which is 22% below median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruti Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Maruti Infrastructure (BOM:531540) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹19.87, compared to a current price of ₹10.50 — trading 47.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.38, which is 22% below median its 10-year median of 3.06 and 240% above the Construction industry median of 0.70. Maruti Infrastructure's overall GF Score™ is 68/100 with 4 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 Maruti Infrastructure (BOM:531540), the current Cyclically Adjusted PS Ratio is 2.38 as of Aug. 27, 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 Maruti Infrastructure (BOM:531540) Overvalued in 2026?

Based on GuruFocus' analysis, Maruti Infrastructure stock appears to be undervalued. The current stock price of ₹10.50 is trading 47.2% below its estimated GF Value™ of ₹19.87. GuruFocus considers Maruti Infrastructure to be Significantly Undervalued.

Key valuation signals for BOM:531540:

  • Cyclically Adjusted PS Ratio: 2.38 (22% below median its 10-year median of 3.06)
  • GF Value™: ₹19.87 vs. price of ₹10.50 (47.2% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 240% above the Construction median (#1139 of 1368)

No single metric tells the full story. See the BOM:531540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruti Infrastructure Business Description

Address S. G. Highway, 802, Surmount Building, Near Iscon Temple, Opposite Iscon Mega Mall, Ahmedabad, GJ, IND, 380 015
Maruti Infrastructure Ltd is engaged in the development and construction of infrastructure projects. The company's projects include Aaron Elegance; Ward Office Building and others. It generates revenue from the Development of Real Estate projects with the construction and Development of Infrastructure Projects.
68GF Score

Get the complete analysis for BOM:531540

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

₹10.50
Price
₹19.87
GF Value