Titagarh Rail Systems (BOM:532966) Cyclically Adjusted PS Ratio: 3.61 (As of Aug. 28, 2026) — Near 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:532966 Titagarh Rail Systems Ltd BOM:532966
86 GF Score
Price ₹830.85
GF Value ₹870.47
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Titagarh Rail Systems Cyclically Adjusted PS Ratio?

Titagarh Rail Systems BOM:532966 +0.60% 86 Cyclically Adjusted PS Ratio is 3.61 as of Aug. 28, 2026, which is 9% below its 10-year median of 3.97. GuruFocus rates BOM:532966 with a GF Score™ of 86/100 and a GF Value™ of ₹870.47 (Fairly Valued). The stock has 3 warning signs investors should review. Among 761 Transportation companies, Titagarh Rail Systems ranks worse than 87.12% on this metric.

As of today (2026-08-28), Titagarh Rail Systems's current share price is ₹830.85. Titagarh Rail Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹230.40. Titagarh Rail Systems's Cyclically Adjusted PS Ratio for today is 3.61.

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

BOM:532966' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 3.97   Max: 10.12
Current: 3.66

During the past years, Titagarh Rail Systems's highest Cyclically Adjusted PS Ratio was 10.12. The lowest was 0.97. And the median was 3.97.

BOM:532966's Cyclically Adjusted PS Ratio is ranked worse than
87.12% of 761 companies
in the Transportation industry
Industry Median: 0.93 vs BOM:532966: 3.66

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.

Titagarh Rail Systems's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹55.874. 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 ₹230.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titagarh Rail Systems  (BOM:532966) 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.


Titagarh Rail Systems Cyclically Adjusted PS Ratio Related Terms


Titagarh Rail Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Titagarh Rail Systems'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.

Titagarh Rail Systems Cyclically Adjusted PS Ratio Chart

Titagarh Rail Systems 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 1.60 4.99 3.87 2.56

Titagarh Rail Systems 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 4.46 4.02 4.06 2.56 3.82

BOM:532966 vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, Titagarh Rail Systems'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.


Titagarh Rail Systems Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Titagarh Rail Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:532966
86GF Score
Titagarh Rail Systems Ltd BOM:532966
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Titagarh Rail Systems 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.

Titagarh Rail Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=830.85/230.40
=3.61

* 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.

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

For example, Titagarh Rail Systems'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)
=55.874/167.3573*167.3573
=55.874

Current CPI (Jun. 2026) = 167.3573.

Titagarh Rail Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 35.600 105.961 56.227
201612 35.882 105.196 57.085
201703 55.536 105.196 88.353
201706 28.200 107.109 44.062
201709 32.339 109.021 49.643
201712 23.731 109.404 36.302
201803 23.849 109.786 36.355
201806 24.300 111.317 36.534
201809 26.813 115.142 38.972
201812 32.707 115.142 47.539
201903 48.649 118.202 68.880
201906 41.924 120.880 58.044
201909 35.883 123.175 48.754
201912 39.483 126.235 52.345
202003 34.735 124.705 46.615
202006 18.926 127.000 24.940
202009 36.548 130.118 47.008
202012 45.552 130.889 58.244
202103 33.818 131.771 42.951
202106 42.577 134.084 53.143
202109 28.534 135.847 35.153
202112 30.950 138.161 37.490
202203 33.224 138.822 40.053
202206 35.931 142.347 42.244
202209 50.747 144.661 58.709
202212 64.039 145.763 73.526
202303 79.276 146.865 90.338
202306 76.204 150.280 84.864
202309 73.946 151.492 81.690
202312 74.251 152.924 81.259
202403 74.662 153.035 81.650
202406 67.112 155.789 72.096
202409 78.462 157.882 83.171
202412 66.977 158.323 70.799
202503 75.588 157.552 80.292
202506 50.286 159.755 52.679
202509 59.115 162.289 60.961
202512 62.019 163.281 63.567
202603 64.408 164.272 65.618
202606 55.874 167.357 55.874

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 3.61 mean?
Titagarh Rail Systems (BOM:532966) has a Cyclically Adjusted PS Ratio of 3.61 as of Aug. 28, 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 Titagarh Rail Systems and its competitors. This is near median its historical median of 3.97. Over the past decade, Titagarh Rail Systems' Cyclically Adjusted PS Ratio has ranged from 0.97 to 10.12. According to the industry distribution chart, Titagarh Rail Systems ranks #663 out of 761 companies in the Transportation industry, placing it in the top 87.1%.
Is Titagarh Rail Systems' Cyclically Adjusted PS Ratio too high?
Titagarh Rail Systems' current Cyclically Adjusted PS Ratio of 3.61 is near median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 10.12. The Transportation industry median Cyclically Adjusted PS Ratio is 0.93. Titagarh Rail Systems' value of 3.61 is 288.2% above this industry median. Based on the distribution chart, Titagarh Rail Systems ranks #663 out of 761 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Titagarh Rail Systems has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Titagarh Rail Systems' Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Titagarh Rail Systems ranks #663 out of 761 companies for Cyclically Adjusted PS Ratio. This places Titagarh Rail Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.93. Titagarh Rail Systems' value of 3.61 is 288.2% above this benchmark. Historically, Titagarh Rail Systems' own Cyclically Adjusted PS Ratio has ranged from 0.97 to 10.12 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 0.93, Titagarh Rail Systems 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.93, based on 761 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. Titagarh Rail Systems's current Cyclically Adjusted PS Ratio of 3.61 is 288.2% 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 Titagarh Rail Systems and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titagarh Rail Systems's current Cyclically Adjusted PS Ratio is 3.61, which is near median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titagarh Rail Systems stock overvalued right now?
Based on GuruFocus' analysis, Titagarh Rail Systems (BOM:532966) is currently considered Fairly Valued. The stock's GF Value™ is ₹870.47, compared to a current price of ₹830.85 — trading 4.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.61, which is near median its 10-year median of 3.97 and 288.2% above the Transportation industry median of 0.93. Titagarh Rail Systems' overall GF Score™ is 86/100 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 Titagarh Rail Systems (BOM:532966), the current Cyclically Adjusted PS Ratio is 3.61 as of Aug. 28, 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 Titagarh Rail Systems (BOM:532966) Overvalued in 2026?

Based on GuruFocus' analysis, Titagarh Rail Systems stock appears to be undervalued. The current stock price of ₹830.85 is trading 4.6% below its estimated GF Value™ of ₹870.47. GuruFocus considers Titagarh Rail Systems to be Fairly Valued.

Key valuation signals for BOM:532966:

  • Cyclically Adjusted PS Ratio: 3.61 (near median its 10-year median of 3.97)
  • GF Value™: ₹870.47 vs. price of ₹830.85 (4.6% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 288.2% above the Transportation median (#663 of 761)

No single metric tells the full story. See the BOM:532966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titagarh Rail Systems Business Description

Other Exchanges TITAGARH:India
Address 756 Anandpur, E. M. Bypass, Titagarh Towers, Kolkata, WB, IND, 700107
Titagarh Rail Systems Ltd manufactures and sells Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipment and Bridges, Ships and others. The segments of the group are Freight Rail Systems and Passenger Rail Systems. The majority of the company's revenue is generated from its Freight Rail Systems segment which consists of the manufacturing of wagons, loco shells, bogies, couplers, its components, designing and construction of warships, passenger vessels, tug, and specialized equipment for Defence, Bridge Girders, etc. Geographically, the company derives its key revenue from India and it also caters to International markets.
86GF Score

Get the complete analysis for BOM:532966

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

₹830.85
Price
₹870.47
GF Value