Sarthak Industries (BOM:531930) Cyclically Adjusted PS Ratio: 0.13 (As of Aug. 30, 2026) — 28% 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:531930 Sarthak Industries Ltd BOM:531930
59 GF Score
Price ₹25.75
GF Value ₹97.91
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Sarthak Industries Cyclically Adjusted PS Ratio?

Sarthak Industries BOM:531930 59 Cyclically Adjusted PS Ratio is 0.13 as of Aug. 30, 2026, which is 28% below its 10-year median of 0.18. GuruFocus rates BOM:531930 with a GF Score™ of 59/100 and a GF Value™ of ₹97.91 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 459 Conglomerates companies, Sarthak Industries ranks better than 90.63% on this metric.

As of today (2026-08-30), Sarthak Industries's current share price is ₹25.75. Sarthak Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹191.56. Sarthak Industries's Cyclically Adjusted PS Ratio for today is 0.13.

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

BOM:531930' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.18   Max: 0.93
Current: 0.13

During the past years, Sarthak Industries's highest Cyclically Adjusted PS Ratio was 0.93. The lowest was 0.03. And the median was 0.18.

BOM:531930's Cyclically Adjusted PS Ratio is ranked better than
90.63% of 459 companies
in the Conglomerates industry
Industry Median: 0.79 vs BOM:531930: 0.13

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.

Sarthak Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹88.218. 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 ₹191.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sarthak Industries  (BOM:531930) 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.


Sarthak Industries Cyclically Adjusted PS Ratio Related Terms


Sarthak Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sarthak Industries'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.

Sarthak Industries Cyclically Adjusted PS Ratio Chart

Sarthak Industries 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 0.39 0.20 0.15 0.18 0.13

Sarthak Industries 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 0.22 0.21 0.18 0.13 0.13

BOM:531930 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Sarthak Industries'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.


Sarthak Industries Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sarthak Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:531930
59GF Score
Sarthak Industries Ltd BOM:531930
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sarthak Industries 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.

Sarthak Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.75/191.56
=0.13

* 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.

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

For example, Sarthak Industries'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)
=88.218/167.3573*167.3573
=88.218

Current CPI (Jun. 2026) = 167.3573.

Sarthak Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.199 105.961 39.800
201612 40.629 105.196 64.637
201703 96.439 105.196 153.426
201706 46.452 107.109 72.581
201709 33.260 109.021 51.057
201712 27.197 109.404 41.604
201803 22.811 109.786 34.773
201806 24.271 111.317 36.490
201809 37.401 115.142 54.362
201812 29.284 115.142 42.564
201903 28.513 118.202 40.370
201906 25.284 120.880 35.006
201909 28.623 123.175 38.890
201912 19.837 126.235 26.299
202003 29.094 124.705 39.045
202006 19.703 127.000 25.964
202009 43.265 130.118 55.647
202012 43.641 130.889 55.800
202103 37.155 131.771 47.189
202106 45.236 134.084 56.461
202109 47.067 135.847 57.984
202112 49.007 138.161 59.363
202203 35.604 138.822 42.923
202206 13.269 142.347 15.600
202209 14.109 144.661 16.323
202212 14.949 145.763 17.164
202303 20.457 146.865 23.311
202306 9.632 150.280 10.727
202309 9.521 151.492 10.518
202312 8.209 152.924 8.984
202403 6.819 153.035 7.457
202406 8.147 155.789 8.752
202409 34.776 157.882 36.863
202412 66.285 158.323 70.067
202503 111.043 157.552 117.954
202506 63.267 159.755 66.278
202509 88.239 162.289 90.995
202512 46.398 163.281 47.556
202603 104.662 164.272 106.627
202606 88.218 167.357 88.218

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 0.13 mean?
Sarthak Industries (BOM:531930) has a Cyclically Adjusted PS Ratio of 0.13 as of Aug. 30, 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 Sarthak Industries and its competitors. This is 28% below median its historical median of 0.18. Over the past decade, Sarthak Industries' Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.93. According to the industry distribution chart, Sarthak Industries ranks #43 out of 459 companies in the Conglomerates industry, placing it in the top 9.4%.
Is Sarthak Industries' Cyclically Adjusted PS Ratio too high?
Sarthak Industries' current Cyclically Adjusted PS Ratio of 0.13 is 28% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.93. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.79. Sarthak Industries' value of 0.13 is 83.5% below this industry median. Based on the distribution chart, Sarthak Industries ranks #43 out of 459 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Sarthak Industries has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sarthak Industries' Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Sarthak Industries ranks #43 out of 459 companies for Cyclically Adjusted PS Ratio. This places Sarthak Industries in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.79. Sarthak Industries' value of 0.13 is 83.5% below this benchmark. Historically, Sarthak Industries' own Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.93 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.79, Sarthak Industries 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.79, based on 459 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. Sarthak Industries's current Cyclically Adjusted PS Ratio of 0.13 is 83.5% 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 Sarthak Industries and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sarthak Industries's current Cyclically Adjusted PS Ratio is 0.13, which is 28% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarthak Industries stock overvalued right now?
Based on GuruFocus' analysis, Sarthak Industries (BOM:531930) is currently considered Possible Value Trap. The stock's GF Value™ is ₹97.91, compared to a current price of ₹25.75 — trading 73.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.13, which is 28% below median its 10-year median of 0.18 and 83.5% below the Conglomerates industry median of 0.79. Sarthak Industries' overall GF Score™ is 59/100 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 Sarthak Industries (BOM:531930), the current Cyclically Adjusted PS Ratio is 0.13 as of Aug. 30, 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 Sarthak Industries (BOM:531930) Overvalued in 2026?

Based on GuruFocus' analysis, Sarthak Industries stock appears to be undervalued. The current stock price of ₹25.75 is trading 73.7% below its estimated GF Value™ of ₹97.91. GuruFocus considers Sarthak Industries to be Possible Value Trap.

Key valuation signals for BOM:531930:

  • Cyclically Adjusted PS Ratio: 0.13 (28% below median its 10-year median of 0.18)
  • GF Value™: ₹97.91 vs. price of ₹25.75 (73.7% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 83.5% below the Conglomerates median (#43 of 459)

No single metric tells the full story. See the BOM:531930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sarthak Industries Business Description

Address 214, Trade Centre, 18, South Tukoganj, Indore, MP, IND, 452001
Sarthak Industries Ltd is engaged in the manufacturing of LPG Cylinders and trading activities. The LPG Cylinders are supplied to oil companies, both public and private. The company is also engaged in trading agri-commodities and the mining and mineral-based industry. The company has two segments: Cylinders and Merchant Trading. It generates the majority of its revenue from the Merchant Trading segment, including the Trading of various commodities, materials, and others. Geographically, it generates the majority of its revenue from India.
59GF Score

Get the complete analysis for BOM:531930

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

₹25.75
Price
₹97.91
GF Value