Welspun (BOM:532144) Cyclically Adjusted PS Ratio: 4.98 (As of Aug. 31, 2026) — 716% Above Median

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BOM:532144 Welspun Corp Ltd BOM:532144
75 GF Score
Price ₹2,374.25
GF Value ₹921.70
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Welspun Cyclically Adjusted PS Ratio?

Welspun BOM:532144 -1.35% 75 Cyclically Adjusted PS Ratio is 4.98 as of Aug. 31, 2026, which is 716% above its 10-year median of 0.61. GuruFocus rates BOM:532144 with a GF Score™ of 75/100 and a GF Value™ of ₹921.70 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 511 Steel companies, Welspun ranks worse than 95.89% on this metric.

As of today (2026-08-31), Welspun's current share price is ₹2374.25. Welspun's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹476.60. Welspun's Cyclically Adjusted PS Ratio for today is 4.98.

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

BOM:532144' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.61   Max: 4.98
Current: 4.98

During the past years, Welspun's highest Cyclically Adjusted PS Ratio was 4.98. The lowest was 0.14. And the median was 0.61.

BOM:532144's Cyclically Adjusted PS Ratio is ranked worse than
95.89% of 511 companies
in the Steel industry
Industry Median: 0.46 vs BOM:532144: 4.98

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.

Welspun's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹154.628. 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 ₹476.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Welspun  (BOM:532144) 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.


Welspun Cyclically Adjusted PS Ratio Related Terms


Welspun Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Welspun'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.

Welspun Cyclically Adjusted PS Ratio Chart

Welspun 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 0.43 0.54 1.27 2.07 1.76

Welspun 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 2.14 1.93 1.79 1.76 3.19

BOM:532144 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Welspun'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.


Welspun Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Welspun's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:532144
75GF Score
Welspun Corp Ltd BOM:532144
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Welspun 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.

Welspun's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2374.25/476.60
=4.98

* 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.

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

For example, Welspun'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)
=154.628/167.3573*167.3573
=154.628

Current CPI (Jun. 2026) = 167.3573.

Welspun Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 41.457 105.961 65.478
201612 43.975 105.196 69.960
201703 72.560 105.196 115.436
201706 56.502 107.109 88.284
201709 72.720 109.021 111.632
201712 83.970 109.404 128.451
201803 59.747 109.786 91.078
201806 59.943 111.317 90.120
201809 79.078 115.142 114.939
201812 87.117 115.142 126.623
201903 100.694 118.202 142.568
201906 75.460 120.880 104.474
201909 83.632 123.175 113.630
201912 108.833 126.235 144.286
202003 98.772 124.705 132.554
202006 76.858 127.000 101.281
202009 41.876 130.118 53.861
202012 50.127 130.889 64.093
202103 90.517 131.771 114.963
202106 54.863 134.084 68.477
202109 59.028 135.847 72.720
202112 55.103 138.161 66.748
202203 70.058 138.822 84.459
202206 51.458 142.347 60.499
202209 74.957 144.661 86.717
202212 91.999 145.763 105.628
202303 143.414 146.865 163.425
202306 155.006 150.280 172.620
202309 154.814 151.492 171.027
202312 181.129 152.924 198.224
202403 152.861 153.035 167.168
202406 119.583 155.789 128.463
202409 125.883 157.882 133.438
202412 137.106 158.323 144.930
202503 148.948 157.552 158.218
202506 134.693 159.755 141.102
202509 165.920 162.289 171.101
202512 171.850 163.281 176.140
202603 163.485 164.272 166.555
202606 154.628 167.357 154.628

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 4.98 mean?
Welspun (BOM:532144) has a Cyclically Adjusted PS Ratio of 4.98 as of Aug. 31, 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 Welspun and its competitors. This is 716% above median its historical median of 0.61. Over the past decade, Welspun's Cyclically Adjusted PS Ratio has ranged from 0.14 to 4.98. According to the industry distribution chart, Welspun ranks #490 out of 511 companies in the Steel industry, placing it in the top 95.9%.
Is Welspun's Cyclically Adjusted PS Ratio too high?
Welspun's current Cyclically Adjusted PS Ratio of 4.98 is 716% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 4.98. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. Welspun's value of 4.98 is 982.6% above this industry median. Based on the distribution chart, Welspun ranks #490 out of 511 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Welspun has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welspun's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Welspun ranks #490 out of 511 companies for Cyclically Adjusted PS Ratio. This places Welspun in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. Welspun's value of 4.98 is 982.6% above this benchmark. Historically, Welspun's own Cyclically Adjusted PS Ratio has ranged from 0.14 to 4.98 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.46, Welspun 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.46, based on 511 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. Welspun's current Cyclically Adjusted PS Ratio of 4.98 is 982.6% 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 Welspun and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welspun's current Cyclically Adjusted PS Ratio is 4.98, which is 716% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welspun stock overvalued right now?
Based on GuruFocus' analysis, Welspun (BOM:532144) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹921.70, compared to a current price of ₹2,374.25 — trading 157.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.98, which is 716% above median its 10-year median of 0.61 and 982.6% above the Steel industry median of 0.46. Welspun's overall GF Score™ is 75/100 with 5 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 Welspun (BOM:532144), the current Cyclically Adjusted PS Ratio is 4.98 as of Aug. 31, 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 Welspun (BOM:532144) Overvalued in 2026?

Based on GuruFocus' analysis, Welspun stock appears to be overvalued. The current stock price of ₹2,374.25 is trading 157.6% above its estimated GF Value™ of ₹921.70. GuruFocus considers Welspun to be Significantly Overvalued.

Key valuation signals for BOM:532144:

  • Cyclically Adjusted PS Ratio: 4.98 (716% above median its 10-year median of 0.61)
  • GF Value™: ₹921.70 vs. price of ₹2,374.25 (157.6% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 982.6% above the Steel median (#490 of 511)

No single metric tells the full story. See the BOM:532144 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Welspun Business Description

Other Exchanges WELCORP:India
Address Senapati Bapat Marg, Kamala Mills Compound, Welspun House, 5th Floor, Lower Parel (West), Mumbai, MH, IND, 400013
Welspun Corp Ltd is an Indian company engaged in the Production and Coating of High-Grade Submerged Welded Pipes, Hot Rolled Steel Plates and Coils. The company's products include Helically welded pipes, longitudinally welded pipes, High-frequency electric welded pipes, Plates and Coils, Coating Systems, and other services including Pipe bending, Double jointing, Stack pile, and Inventory management. The Group's operations relate to the manufacturing of steel products and plastic products, and segments consist of Steel Products, which derives maximum revenue and others (including plastic products).
75GF Score

Get the complete analysis for BOM:532144

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

₹2,374.25
Price
₹921.70
GF Value