Surana Solar (BOM:533298) Cyclically Adjusted PS Ratio: 2.61 (As of Sep. 06, 2026) — 34% Above Median

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BOM:533298 Surana Solar Ltd BOM:533298
50 GF Score
Price ₹26.19
GF Value ₹11.45
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Surana Solar Cyclically Adjusted PS Ratio?

Surana Solar BOM:533298 +0.23% 50 Cyclically Adjusted PS Ratio is 2.61 as of Sep. 06, 2026, which is 34% above its 10-year median of 1.95. GuruFocus rates BOM:533298 with a GF Score™ of 50/100 and a GF Value™ of ₹11.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 730 Semiconductors companies, Surana Solar ranks better than 53.84% on this metric.

As of today (2026-09-06), Surana Solar's current share price is ₹26.19. Surana Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹10.03. Surana Solar's Cyclically Adjusted PS Ratio for today is 2.61.

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

BOM:533298' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.95   Max: 4.26
Current: 2.61

During the past years, Surana Solar's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 0.63. And the median was 1.95.

BOM:533298's Cyclically Adjusted PS Ratio is ranked better than
53.84% of 730 companies
in the Semiconductors industry
Industry Median: 3.155 vs BOM:533298: 2.61

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.

Surana Solar's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹3.499. 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 ₹10.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Surana Solar  (BOM:533298) 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.


Surana Solar Cyclically Adjusted PS Ratio Related Terms


Surana Solar Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Surana Solar'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.

Surana Solar Cyclically Adjusted PS Ratio Chart

Surana Solar Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.11 0.94 2.04 2.53

Surana Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.53 2.88 2.77 2.46 2.69

BOM:533298 vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Surana Solar'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.


Surana Solar Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Surana Solar's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:533298
50GF Score
Surana Solar Ltd BOM:533298
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surana Solar 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.

Surana Solar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.19/10.03
=2.61

* 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.

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

For example, Surana Solar'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)
=3.499/167.3573*167.3573
=3.499

Current CPI (Jun. 2026) = 167.3573.

Surana Solar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.050 105.961 6.397
201609 3.721 105.961 5.877
201612 6.043 105.196 9.614
201703 3.870 105.196 6.157
201706 2.133 107.109 3.333
201709 1.618 109.021 2.484
201712 1.706 109.404 2.610
201803 2.410 109.786 3.674
201806 2.186 111.317 3.287
201809 1.245 115.142 1.810
201812 1.399 115.142 2.033
201903 2.230 118.202 3.157
201906 2.951 120.880 4.086
201909 1.415 123.175 1.923
201912 0.627 126.235 0.831
202003 1.855 124.705 2.489
202006 0.597 127.000 0.787
202009 1.118 130.118 1.438
202012 0.915 130.889 1.170
202103 3.048 131.771 3.871
202106 0.759 134.084 0.947
202109 1.803 135.847 2.221
202112 0.512 138.161 0.620
202203 1.756 138.822 2.117
202206 1.904 142.347 2.239
202209 2.249 144.661 2.602
202212 2.825 145.763 3.244
202303 1.623 146.865 1.849
202306 1.354 150.280 1.508
202309 0.571 151.492 0.631
202312 0.827 152.924 0.905
202403 0.913 153.035 0.998
202406 2.453 155.789 2.635
202409 3.059 157.882 3.243
202412 1.907 158.323 2.016
202503 0.484 157.552 0.514
202506 0.448 159.755 0.469
202509 0.522 162.289 0.538
202512 0.467 163.281 0.479
202606 3.499 167.357 3.499

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 2.61 mean?
Surana Solar (BOM:533298) has a Cyclically Adjusted PS Ratio of 2.61 as of Sep. 06, 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 Surana Solar and its competitors. This is 34% above median its historical median of 1.95. Over the past decade, Surana Solar's Cyclically Adjusted PS Ratio has ranged from 0.63 to 4.26. According to the industry distribution chart, Surana Solar ranks #337 out of 730 companies in the Semiconductors industry, placing it in the top 46.2%.
Is Surana Solar's Cyclically Adjusted PS Ratio too high?
Surana Solar's current Cyclically Adjusted PS Ratio of 2.61 is 34% above median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 4.26. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.16. Surana Solar's value of 2.61 is 17.3% below this industry median. Based on the distribution chart, Surana Solar ranks #337 out of 730 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Surana Solar has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surana Solar's Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Surana Solar ranks #337 out of 730 companies for Cyclically Adjusted PS Ratio. This puts Surana Solar in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.16. Surana Solar's value of 2.61 is 17.3% below this benchmark. Historically, Surana Solar's own Cyclically Adjusted PS Ratio has ranged from 0.63 to 4.26 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 3.16, Surana Solar 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.16, based on 730 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. Surana Solar's current Cyclically Adjusted PS Ratio of 2.61 is 17.3% 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 Surana Solar and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surana Solar's current Cyclically Adjusted PS Ratio is 2.61, which is 34% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surana Solar stock overvalued right now?
Based on GuruFocus' analysis, Surana Solar (BOM:533298) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹11.45, compared to a current price of ₹26.19 — trading 128.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.61, which is 34% above median its 10-year median of 1.95 and 17.3% below the Semiconductors industry median of 3.16. Surana Solar's overall GF Score™ is 50/100 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 Surana Solar (BOM:533298), the current Cyclically Adjusted PS Ratio is 2.61 as of Sep. 06, 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 Surana Solar (BOM:533298) Overvalued in 2026?

Based on GuruFocus' analysis, Surana Solar stock appears to be overvalued. The current stock price of ₹26.19 is trading 128.7% above its estimated GF Value™ of ₹11.45. GuruFocus considers Surana Solar to be Significantly Overvalued.

Key valuation signals for BOM:533298:

  • Cyclically Adjusted PS Ratio: 2.61 (34% above median its 10-year median of 1.95)
  • GF Value™: ₹11.45 vs. price of ₹26.19 (128.7% above fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 17.3% below the Semiconductors median (#337 of 730)

No single metric tells the full story. See the BOM:533298 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surana Solar Business Description

Other Exchanges SURANASOL:India
Address Phase II, Plot No. 212/3 and 4, IDA Cherlapally, Hyderabad, TG, IND, 500051
Surana Solar Ltd is engaged in the business of manufacturing solar panels/photovoltaic (PV) cells. The company is also engaged in the generation of wind power energy and the trading of other solar-related products. It operates through the following reportable segments: Solar Products, Trading and others, and Renewable Energy (Solar). The majority of the company's revenue is derived from the Solar and Traded products business, which involves the manufacturing and trading of Solar Photovoltaic (SPV) Modules and other related products. The Renewable Energy segment represents revenue derived from the generation of solar and wind power.
50GF Score

Get the complete analysis for BOM:533298

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

₹26.19
Price
₹11.45
GF Value