Astral (BOM:532830) Cyclically Adjusted PS Ratio: 8.45 (As of Aug. 24, 2026) — 33% 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:532830 Astral Ltd BOM:532830
93 GF Score
Price ₹1,535.00
GF Value ₹1,855.05
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Astral Cyclically Adjusted PS Ratio?

Astral BOM:532830 93 Cyclically Adjusted PS Ratio is 8.45 as of Aug. 24, 2026, which is 33% below its 10-year median of 12.54. GuruFocus rates BOM:532830 with a GF Score™ of 93/100 and a GF Value™ of ₹1,855.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,374 Construction companies, Astral ranks worse than 96.22% on this metric.

As of today (2026-08-24), Astral's current share price is ₹1535.00. Astral's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹181.76. Astral's Cyclically Adjusted PS Ratio for today is 8.45.

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

BOM:532830' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.85   Med: 12.54   Max: 18.35
Current: 8.41

During the past years, Astral's highest Cyclically Adjusted PS Ratio was 18.35. The lowest was 5.85. And the median was 12.54.

BOM:532830's Cyclically Adjusted PS Ratio is ranked worse than
96.22% of 1374 companies
in the Construction industry
Industry Median: 0.7 vs BOM:532830: 8.41

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.

Astral's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹58.781. 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 ₹181.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astral  (BOM:532830) 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.


Astral Cyclically Adjusted PS Ratio Related Terms


Astral Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Astral'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.

Astral Cyclically Adjusted PS Ratio Chart

Astral 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 14.42 11.14 14.51 8.40 9.13

Astral 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 9.47 8.28 8.20 9.13 7.35

BOM:532830 vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Astral'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.


Astral Cyclically Adjusted PS Ratio vs Construction Industry

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

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


BOM:532830
93GF Score
Astral Ltd BOM:532830
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astral 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1535.00/181.76
=8.45

* 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.

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

For example, Astral'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)
=58.781/167.3573*167.3573
=58.781

Current CPI (Jun. 2026) = 167.3573.

Astral Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.350 105.961 25.824
201612 16.854 105.196 26.813
201703 22.062 105.196 35.099
201706 15.178 107.109 23.716
201709 19.416 109.021 29.805
201712 19.232 109.404 29.420
201803 24.446 109.786 37.265
201806 17.907 111.317 26.922
201809 23.400 115.142 34.012
201812 23.564 115.142 34.250
201903 28.707 118.202 40.645
201906 22.675 120.880 31.393
201909 25.328 123.175 34.413
201912 24.812 126.235 32.895
202003 23.243 124.705 31.193
202006 15.070 127.000 19.859
202009 27.919 130.118 35.909
202012 33.492 130.889 42.824
202103 41.842 131.771 53.142
202106 26.147 134.084 32.635
202109 44.678 135.847 55.041
202112 41.189 138.161 49.893
202203 51.003 138.822 61.487
202206 45.211 142.347 53.154
202209 43.575 144.661 50.412
202212 47.168 145.763 54.156
202303 55.576 146.865 63.331
202306 47.768 150.280 53.196
202309 50.697 151.492 56.006
202312 50.945 152.924 55.753
202403 60.002 153.035 65.618
202406 51.483 155.789 55.306
202409 51.078 157.882 54.143
202412 52.035 158.323 55.004
202503 62.548 157.552 66.441
202506 50.688 159.755 53.100
202509 58.743 162.289 60.577
202512 57.395 163.281 58.828
202603 77.755 164.272 79.215
202606 58.781 167.357 58.781

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 8.45 mean?
Astral (BOM:532830) has a Cyclically Adjusted PS Ratio of 8.45 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 Astral and its competitors. This is 33% below median its historical median of 12.54. Over the past decade, Astral's Cyclically Adjusted PS Ratio has ranged from 5.85 to 18.35. According to the industry distribution chart, Astral ranks #1322 out of 1374 companies in the Construction industry, placing it in the top 96.2%.
Is Astral's Cyclically Adjusted PS Ratio too high?
Astral's current Cyclically Adjusted PS Ratio of 8.45 is 33% below median its 10-year median of 12.54. Over the past 10 years, this metric has ranged from a low of 5.85 to a high of 18.35. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Astral's value of 8.45 is 1107.1% above this industry median. Based on the distribution chart, Astral ranks #1322 out of 1374 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Astral has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Astral's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Astral ranks #1322 out of 1374 companies for Cyclically Adjusted PS Ratio. This places Astral in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Astral's value of 8.45 is 1107.1% above this benchmark. Historically, Astral's own Cyclically Adjusted PS Ratio has ranged from 5.85 to 18.35 over the past decade. While the company's 10-year median is 12.54 vs. the industry median of 0.70, Astral 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 1,374 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. Astral's current Cyclically Adjusted PS Ratio of 8.45 is 1107.1% 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 Astral 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. Astral's current Cyclically Adjusted PS Ratio is 8.45, which is 33% below median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astral stock overvalued right now?
Based on GuruFocus' analysis, Astral (BOM:532830) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,855.05, compared to a current price of ₹1,535.00 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.45, which is 33% below median its 10-year median of 12.54 and 1107.1% above the Construction industry median of 0.70. Astral's overall GF Score™ is 93/100 with 2 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 Astral (BOM:532830), the current Cyclically Adjusted PS Ratio is 8.45 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 Astral (BOM:532830) Overvalued in 2026?

Based on GuruFocus' analysis, Astral stock appears to be undervalued. The current stock price of ₹1,535.00 is trading 17.3% below its estimated GF Value™ of ₹1,855.05. GuruFocus considers Astral to be Modestly Undervalued.

Key valuation signals for BOM:532830:

  • Cyclically Adjusted PS Ratio: 8.45 (33% below median its 10-year median of 12.54)
  • GF Value™: ₹1,855.05 vs. price of ₹1,535.00 (17.3% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 1107.1% above the Construction median (#1322 of 1374)

No single metric tells the full story. See the BOM:532830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astral Business Description

Other Exchanges ASTRAL:India
Address Off. S.G. Highway, Astral House, 207/1, Behind Rajpath Club, Ahmedabad, GJ, IND, 380059
Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial, and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing which is its key revenue generating segment, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.
93GF Score

Get the complete analysis for BOM:532830

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

₹1,535.00
Price
₹1,855.05
GF Value