Kiri Industries (BOM:532967) Cyclically Adjusted PS Ratio: 1.29 (As of Aug. 23, 2026) — 25% Above Median

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BOM:532967 Kiri Industries Ltd BOM:532967
68 GF Score
Price ₹477.65
GF Value ₹436.85
Valuation Fairly Valued
! 5 Warning Signs
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What is Kiri Industries Cyclically Adjusted PS Ratio?

Kiri Industries BOM:532967 +3.61% 68 Cyclically Adjusted PS Ratio is 1.29 as of Aug. 23, 2026, which is 25% above its 10-year median of 1.03. GuruFocus rates BOM:532967 with a GF Score™ of 68/100 and a GF Value™ of ₹436.85 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,274 Chemicals companies, Kiri Industries ranks better than 51.49% on this metric.

As of today (2026-08-23), Kiri Industries's current share price is ₹477.65. Kiri Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹369.57. Kiri Industries's Cyclically Adjusted PS Ratio for today is 1.29.

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

BOM:532967' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.03   Max: 1.65
Current: 1.29

During the past years, Kiri Industries's highest Cyclically Adjusted PS Ratio was 1.65. The lowest was 0.56. And the median was 1.03.

BOM:532967's Cyclically Adjusted PS Ratio is ranked better than
51.49% of 1274 companies
in the Chemicals industry
Industry Median: 1.33 vs BOM:532967: 1.29

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.

Kiri Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹48.310. 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 ₹369.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kiri Industries  (BOM:532967) 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.


Kiri Industries Cyclically Adjusted PS Ratio Related Terms


Kiri Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kiri Industries'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.

Kiri Industries Cyclically Adjusted PS Ratio Chart

Kiri Industries 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 1.05 0.62 0.68 1.55 0.91

Kiri Industries 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 1.44 1.41 1.90 0.91 1.03

BOM:532967 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Kiri Industries'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.


Kiri Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


BOM:532967
68GF Score
Kiri Industries Ltd BOM:532967
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kiri Industries 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.

Kiri Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=477.65/369.57
=1.29

* 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.

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

For example, Kiri Industries'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)
=48.31/167.3573*167.3573
=48.310

Current CPI (Jun. 2026) = 167.3573.

Kiri Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 102.689 105.961 162.189
201612 92.288 105.196 146.822
201703 106.590 105.196 169.575
201706 97.959 107.109 153.061
201709 96.285 109.021 147.806
201712 86.192 109.404 131.850
201803 114.667 109.786 174.797
201806 106.255 111.317 159.748
201809 119.017 115.142 172.990
201812 96.260 115.142 139.913
201903 110.475 118.202 156.417
201906 116.915 120.880 161.868
201909 99.956 123.175 135.810
201912 93.725 126.235 124.257
202003 77.493 124.705 103.998
202006 32.368 127.000 42.654
202009 52.035 130.118 66.927
202012 92.305 130.889 118.023
202103 103.458 131.771 131.399
202106 86.804 134.084 108.344
202109 69.057 135.847 85.075
202112 82.830 138.161 100.334
202203 75.883 138.822 91.481
202206 53.363 142.347 62.739
202209 46.701 144.661 54.028
202212 39.335 145.763 45.162
202303 37.342 146.865 42.553
202306 43.801 150.280 48.778
202309 44.524 151.492 49.187
202312 30.770 152.924 33.674
202403 39.551 153.035 43.253
202406 35.386 155.789 38.014
202409 33.376 157.882 35.379
202412 26.710 158.323 28.234
202503 37.230 157.552 39.547
202506 34.898 159.755 36.559
202509 35.559 162.289 36.669
202512 27.634 163.281 28.324
202603 39.246 164.272 39.983
202606 48.310 167.357 48.310

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 1.29 mean?
Kiri Industries (BOM:532967) has a Cyclically Adjusted PS Ratio of 1.29 as of Aug. 23, 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 Kiri Industries and its competitors. This is 25% above median its historical median of 1.03. Over the past decade, Kiri Industries' Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.65. According to the industry distribution chart, Kiri Industries ranks #618 out of 1274 companies in the Chemicals industry, placing it in the top 48.5%.
Is Kiri Industries' Cyclically Adjusted PS Ratio too high?
Kiri Industries' current Cyclically Adjusted PS Ratio of 1.29 is 25% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.65. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.33. Kiri Industries' value of 1.29 is 3% below this industry median. Based on the distribution chart, Kiri Industries ranks #618 out of 1274 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kiri Industries has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kiri Industries' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Kiri Industries ranks #618 out of 1274 companies for Cyclically Adjusted PS Ratio. This puts Kiri Industries in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.33. Kiri Industries' value of 1.29 is 3% below this benchmark. Historically, Kiri Industries' own Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.65 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.33, Kiri Industries 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.33, based on 1,274 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. Kiri Industries's current Cyclically Adjusted PS Ratio of 1.29 is 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 Kiri Industries and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kiri Industries's current Cyclically Adjusted PS Ratio is 1.29, which is 25% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiri Industries stock overvalued right now?
Based on GuruFocus' analysis, Kiri Industries (BOM:532967) is currently considered Fairly Valued. The stock's GF Value™ is ₹436.85, compared to a current price of ₹477.65 — trading 9.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.29, which is 25% above median its 10-year median of 1.03 and 3% below the Chemicals industry median of 1.33. Kiri Industries' overall GF Score™ is 68/100 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 Kiri Industries (BOM:532967), the current Cyclically Adjusted PS Ratio is 1.29 as of Aug. 23, 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 Kiri Industries (BOM:532967) Overvalued in 2026?

Based on GuruFocus' analysis, Kiri Industries stock appears to be overvalued. The current stock price of ₹477.65 is trading 9.3% above its estimated GF Value™ of ₹436.85. GuruFocus considers Kiri Industries to be Fairly Valued.

Key valuation signals for BOM:532967:

  • Cyclically Adjusted PS Ratio: 1.29 (25% above median its 10-year median of 1.03)
  • GF Value™: ₹436.85 vs. price of ₹477.65 (9.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 3% below the Chemicals median (#618 of 1274)

No single metric tells the full story. See the BOM:532967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kiri Industries Business Description

Other Exchanges KIRIINDUS:India
Address Hasubhai Chambers, 7th Floor, Opposite Town Hall, Ellisbridge, Ahmedabad, GJ, IND, 380 006
Kiri Industries Ltd is a company that manufactures and exports a wide range of dyes, intermediates, and chemicals. It provides products and services across the entire value chain in numerous industrial sectors such as apparel, hosiery, automotive, carpets, leather, home upholstery, and industrial fabrics. Its dye products include reactive dyes, acid dyes, and direct dyes. The intermediates section contains sulfuric acid, sulpho Tobias acid, pentose, and sulpho gamma acid. The basic chemicals include chlorosulfonic acid, sulfuric acid, oleum, and spent sulfuric acid. The company has a business presence in both the Indian and international markets, with the majority of its revenue generated from India.
68GF Score

Get the complete analysis for BOM:532967

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

₹477.65
Price
₹436.85
GF Value