H S India (BOM:532145) Cyclically Adjusted PS Ratio: 0.59 (As of Aug. 24, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:532145 H S India Ltd BOM:532145
76 GF Score
Price ₹10.95
GF Value ₹15.30
Valuation Modestly Undervalued
! 4 Warning Signs
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What is H S India Cyclically Adjusted PS Ratio?

H S India BOM:532145 +2.24% 76 Cyclically Adjusted PS Ratio is 0.59 as of Aug. 24, 2026, which is 5% below its 10-year median of 0.62. GuruFocus rates BOM:532145 with a GF Score™ of 76/100 and a GF Value™ of ₹15.30 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 673 Travel & Leisure companies, H S India ranks better than 72.81% on this metric.

As of today (2026-08-24), H S India's current share price is ₹10.95. H S India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹18.45. H S India's Cyclically Adjusted PS Ratio for today is 0.59.

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

BOM:532145' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.62   Max: 1.11
Current: 0.59

During the past years, H S India's highest Cyclically Adjusted PS Ratio was 1.11. The lowest was 0.22. And the median was 0.62.

BOM:532145's Cyclically Adjusted PS Ratio is ranked better than
72.81% of 673 companies
in the Travel & Leisure industry
Industry Median: 1.32 vs BOM:532145: 0.59

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.

H S India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹5.089. 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 ₹18.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H S India  (BOM:532145) 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.


H S India Cyclically Adjusted PS Ratio Related Terms


H S India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for H S India'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.

H S India Cyclically Adjusted PS Ratio Chart

H S India 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 0.58 0.90 0.69 0.47

H S India 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 0.80 0.77 0.69 0.47 0.62

BOM:532145 vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, H S India'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.


H S India Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H S India's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:532145
76GF Score
H S India Ltd BOM:532145
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H S India 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.

H S India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.95/18.45
=0.59

* 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.

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

For example, H S India'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)
=5.089/167.3573*167.3573
=5.089

Current CPI (Jun. 2026) = 167.3573.

H S India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.304 105.961 5.218
201612 3.425 105.196 5.449
201703 3.650 105.196 5.807
201706 4.029 107.109 6.295
201709 3.984 109.021 6.116
201712 4.062 109.404 6.214
201803 4.467 109.786 6.809
201806 4.740 111.317 7.126
201809 4.429 115.142 6.437
201812 4.062 115.142 5.904
201903 4.392 118.202 6.218
201906 4.397 120.880 6.088
201909 4.203 123.175 5.711
201912 4.254 126.235 5.640
202003 3.287 124.705 4.411
202006 0.464 127.000 0.611
202009 1.479 130.118 1.902
202012 1.835 130.889 2.346
202103 2.521 131.771 3.202
202106 1.484 134.084 1.852
202109 2.905 135.847 3.579
202112 3.477 138.161 4.212
202203 3.267 138.822 3.939
202206 3.627 142.347 4.264
202209 3.411 144.661 3.946
202212 3.888 145.763 4.464
202303 3.789 146.865 4.318
202306 3.529 150.280 3.930
202309 3.924 151.492 4.335
202312 4.175 152.924 4.569
202403 4.058 153.035 4.438
202406 3.814 155.789 4.097
202409 3.772 157.882 3.998
202412 4.467 158.323 4.722
202503 4.338 157.552 4.608
202506 3.798 159.755 3.979
202509 3.559 162.289 3.670
202512 4.316 163.281 4.424
202603 4.501 164.272 4.586
202606 5.089 167.357 5.089

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 0.59 mean?
H S India (BOM:532145) has a Cyclically Adjusted PS Ratio of 0.59 as of Aug. 24, 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 H S India and its competitors. This is near median its historical median of 0.62. Over the past decade, H S India's Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.11. According to the industry distribution chart, H S India ranks #183 out of 673 companies in the Travel & Leisure industry, placing it in the top 27.2%.
Is H S India's Cyclically Adjusted PS Ratio too high?
H S India's current Cyclically Adjusted PS Ratio of 0.59 is near median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.11. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.32. H S India's value of 0.59 is 55.3% below this industry median. Based on the distribution chart, H S India ranks #183 out of 673 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, H S India has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does H S India's Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, H S India ranks #183 out of 673 companies for Cyclically Adjusted PS Ratio. This puts H S India in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. H S India's value of 0.59 is 55.3% below this benchmark. Historically, H S India's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.11 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.32, H S India 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.32, based on 673 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. H S India's current Cyclically Adjusted PS Ratio of 0.59 is 55.3% 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 H S India and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H S India's current Cyclically Adjusted PS Ratio is 0.59, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H S India stock overvalued right now?
Based on GuruFocus' analysis, H S India (BOM:532145) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹15.30, compared to a current price of ₹10.95 — trading 28.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.59, which is near median its 10-year median of 0.62 and 55.3% below the Travel & Leisure industry median of 1.32. H S India's overall GF Score™ is 76/100 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 H S India (BOM:532145), the current Cyclically Adjusted PS Ratio is 0.59 as of Aug. 24, 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 H S India (BOM:532145) Overvalued in 2026?

Based on GuruFocus' analysis, H S India stock appears to be undervalued. The current stock price of ₹10.95 is trading 28.4% below its estimated GF Value™ of ₹15.30. GuruFocus considers H S India to be Modestly Undervalued.

Key valuation signals for BOM:532145:

  • Cyclically Adjusted PS Ratio: 0.59 (near median its 10-year median of 0.62)
  • GF Value™: ₹15.30 vs. price of ₹10.95 (28.4% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 55.3% below the Travel & Leisure median (#183 of 673)

No single metric tells the full story. See the BOM:532145 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H S India Business Description

Address Off New Link Road, Unit No. 202, Morya Blue Moon, Andheri (West), Mumbai, MH, IND, 400053
H S India Ltd is an India based company operating in the hotel industry. It owns a three-star hotel in the name of Lords Plaza in Surat. It provides facilities conference room, liquor shop, health club, health spa, and multi-cuisine restaurant facilities. The company is engaged in only one segment of the Hotel Business.
76GF Score

Get the complete analysis for BOM:532145

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

₹10.95
Price
₹15.30
GF Value