Engineers India (BOM:532178) Cyclically Adjusted PS Ratio: 3.69 (As of Aug. 21, 2026) — 12% Above 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:532178 Engineers India Ltd BOM:532178
89 GF Score
Price ₹237.05
GF Value ₹240.93
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Engineers India Cyclically Adjusted PS Ratio?

Engineers India BOM:532178 +0.04% 89 Cyclically Adjusted PS Ratio is 3.69 as of Aug. 21, 2026, which is 12% above its 10-year median of 3.30. GuruFocus rates BOM:532178 with a GF Score™ of 89/100 and a GF Value™ of ₹240.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,373 Construction companies, Engineers India ranks worse than 89.37% on this metric.

As of today (2026-08-21), Engineers India's current share price is ₹237.05. Engineers India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹64.17. Engineers India's Cyclically Adjusted PS Ratio for today is 3.69.

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

BOM:532178' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.53   Med: 3.3   Max: 4.88
Current: 3.81

During the past years, Engineers India's highest Cyclically Adjusted PS Ratio was 4.88. The lowest was 2.53. And the median was 3.30.

BOM:532178's Cyclically Adjusted PS Ratio is ranked worse than
89.37% of 1373 companies
in the Construction industry
Industry Median: 0.7 vs BOM:532178: 3.81

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.

Engineers India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹14.587. 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 ₹64.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Engineers India  (BOM:532178) 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.


Engineers India Cyclically Adjusted PS Ratio Related Terms


Engineers India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Engineers 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.

Engineers India Cyclically Adjusted PS Ratio Chart

Engineers 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 0.00 0.00 0.00 2.69 2.89

Engineers 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 3.98 3.14 3.21 2.89 3.75

BOM:532178 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Engineers 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.


Engineers India Cyclically Adjusted PS Ratio vs Construction Industry

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

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


BOM:532178
89GF Score
Engineers India Ltd BOM:532178
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Engineers 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=237.05/64.17
=3.69

* 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.

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

For example, Engineers 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)
=14.587/167.3573*167.3573
=14.587

Current CPI (Jun. 2026) = 167.3573.

Engineers India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 9.249 111.317 13.905
201809 10.872 115.142 15.802
201812 9.255 115.142 13.452
201903 9.738 118.202 13.788
201906 11.755 120.880 16.275
201909 11.516 123.175 15.647
201912 14.234 126.235 18.871
202003 13.475 124.705 18.084
202006 7.479 127.000 9.856
202009 10.973 130.118 14.113
202012 13.344 130.889 17.062
202103 18.928 131.771 24.040
202106 13.910 134.084 17.362
202109 11.562 135.847 14.244
202112 12.254 138.161 14.844
202203 14.907 138.822 17.971
202206 11.314 142.347 13.302
202209 14.139 144.661 16.357
202212 15.155 145.763 17.400
202303 15.579 146.865 17.753
202306 14.548 150.280 16.201
202309 14.066 151.492 15.539
202312 15.477 152.924 16.938
202403 14.324 153.035 15.665
202406 11.101 155.789 11.925
202409 12.239 157.882 12.974
202412 13.642 158.323 14.420
202503 17.980 157.552 19.099
202506 15.437 159.755 16.172
202509 16.442 162.289 16.955
202512 21.544 163.281 22.082
202603 16.438 164.272 16.747
202606 14.587 167.357 14.587

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 3.69 mean?
Engineers India (BOM:532178) has a Cyclically Adjusted PS Ratio of 3.69 as of Aug. 21, 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 Engineers India and its competitors. This is 12% above median its historical median of 3.30. Over the past decade, Engineers India's Cyclically Adjusted PS Ratio has ranged from 2.53 to 4.88. According to the industry distribution chart, Engineers India ranks #1227 out of 1373 companies in the Construction industry, placing it in the top 89.4%.
Is Engineers India's Cyclically Adjusted PS Ratio too high?
Engineers India's current Cyclically Adjusted PS Ratio of 3.69 is 12% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 4.88. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Engineers India's value of 3.69 is 427.1% above this industry median. Based on the distribution chart, Engineers India ranks #1227 out of 1373 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Engineers India has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Engineers India's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Engineers India ranks #1227 out of 1373 companies for Cyclically Adjusted PS Ratio. This places Engineers India in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Engineers India's value of 3.69 is 427.1% above this benchmark. Historically, Engineers India's own Cyclically Adjusted PS Ratio has ranged from 2.53 to 4.88 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 0.70, Engineers India 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 1,373 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. Engineers India's current Cyclically Adjusted PS Ratio of 3.69 is 427.1% 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 Engineers India 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. Engineers India's current Cyclically Adjusted PS Ratio is 3.69, which is 12% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Engineers India stock overvalued right now?
Based on GuruFocus' analysis, Engineers India (BOM:532178) is currently considered Fairly Valued. The stock's GF Value™ is ₹240.93, compared to a current price of ₹237.05 — trading 1.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.69, which is 12% above median its 10-year median of 3.30 and 427.1% above the Construction industry median of 0.70. Engineers India's overall GF Score™ is 89/100 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 Engineers India (BOM:532178), the current Cyclically Adjusted PS Ratio is 3.69 as of Aug. 21, 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 Engineers India (BOM:532178) Overvalued in 2026?

Based on GuruFocus' analysis, Engineers India stock appears to be undervalued. The current stock price of ₹237.05 is trading 1.6% below its estimated GF Value™ of ₹240.93. GuruFocus considers Engineers India to be Fairly Valued.

Key valuation signals for BOM:532178:

  • Cyclically Adjusted PS Ratio: 3.69 (12% above median its 10-year median of 3.30)
  • GF Value™: ₹240.93 vs. price of ₹237.05 (1.6% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 427.1% above the Construction median (#1227 of 1373)

No single metric tells the full story. See the BOM:532178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Engineers India Business Description

Other Exchanges ENGINERSIN:India
Address Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi, IND, 110 066
Engineers India Ltd is engaged in providing design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure and petrochemical industries. It operates into two segments namely Consultancy and engineering projects and Turnkey projects.
89GF Score

Get the complete analysis for BOM:532178

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

₹237.05
Price
₹240.93
GF Value