Zen Technologies (BOM:533339) Cyclically Adjusted PS Ratio: 43.72 (As of Aug. 18, 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:533339 Zen Technologies Ltd BOM:533339
95 GF Score
Price ₹1,864.05
GF Value ₹1,606.29
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Zen Technologies Cyclically Adjusted PS Ratio?

Zen Technologies BOM:533339 +0.30% 95 Cyclically Adjusted PS Ratio is 43.72 as of Aug. 18, 2026, which is 1% below its 10-year median of 44.04. GuruFocus rates BOM:533339 with a GF Score™ of 95/100 and a GF Value™ of ₹1,606.29 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 223 Aerospace & Defense companies, Zen Technologies ranks worse than 99.1% on this metric.

As of today (2026-08-18), Zen Technologies's current share price is ₹1864.05. Zen Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹42.64. Zen Technologies's Cyclically Adjusted PS Ratio for today is 43.72.

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

BOM:533339' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 33.14   Med: 44.04   Max: 91.91
Current: 43.72

During the past years, Zen Technologies's highest Cyclically Adjusted PS Ratio was 91.91. The lowest was 33.14. And the median was 44.04.

BOM:533339's Cyclically Adjusted PS Ratio is ranked worse than
99.1% of 223 companies
in the Aerospace & Defense industry
Industry Median: 3.27 vs BOM:533339: 43.72

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.

Zen Technologies's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹15.752. 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 ₹42.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zen Technologies  (BOM:533339) 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.


Zen Technologies Cyclically Adjusted PS Ratio Related Terms


Zen Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zen Technologies'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.

Zen Technologies Cyclically Adjusted PS Ratio Chart

Zen Technologies 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 46.55 46.47 30.97

Zen Technologies 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 58.04 39.50 35.27 30.97 41.62

BOM:533339 vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Zen Technologies'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.


Zen Technologies Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Zen Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:533339
95GF Score
Zen Technologies Ltd BOM:533339
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zen Technologies 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.

Zen Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1864.05/42.64
=43.72

* 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.

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

For example, Zen Technologies'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)
=15.752/167.3573*167.3573
=15.752

Current CPI (Jun. 2026) = 167.3573.

Zen Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201706 1.103 107.109 1.723
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 5.050 109.786 7.698
201806 0.680 111.317 1.022
201809 1.009 115.142 1.467
201812 4.403 115.142 6.400
201903 5.364 118.202 7.595
201906 6.347 120.880 8.787
201909 6.167 123.175 8.379
201912 4.275 126.235 5.668
202003 2.565 124.705 3.442
202006 0.539 127.000 0.710
202009 1.554 130.118 1.999
202012 2.084 130.889 2.665
202103 2.711 131.771 3.443
202106 1.253 134.084 1.564
202109 1.981 135.847 2.441
202112 2.045 138.161 2.477
202203 3.271 138.822 3.943
202206 4.435 142.347 5.214
202209 3.998 144.661 4.625
202212 6.280 145.763 7.210
202303 11.618 146.865 13.239
202306 15.870 150.280 17.673
202309 7.973 151.492 8.808
202312 11.932 152.924 13.058
202403 16.945 153.035 18.531
202406 30.466 155.789 32.728
202409 28.037 157.882 29.720
202412 16.936 158.323 17.902
202503 36.156 157.552 38.406
202506 17.600 159.755 18.438
202509 19.306 162.289 19.909
202512 19.778 163.281 20.272
202603 19.803 164.272 20.175
202606 15.752 167.357 15.752

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 43.72 mean?
Zen Technologies (BOM:533339) has a Cyclically Adjusted PS Ratio of 43.72 as of Aug. 18, 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 Zen Technologies and its competitors. This is near median its historical median of 44.04. Over the past decade, Zen Technologies' Cyclically Adjusted PS Ratio has ranged from 33.14 to 91.91. According to the industry distribution chart, Zen Technologies ranks #221 out of 223 companies in the Aerospace & Defense industry, placing it in the top 99.1%.
Is Zen Technologies' Cyclically Adjusted PS Ratio too high?
Zen Technologies' current Cyclically Adjusted PS Ratio of 43.72 is near median its 10-year median of 44.04. Over the past 10 years, this metric has ranged from a low of 33.14 to a high of 91.91. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.27. Zen Technologies' value of 43.72 is 1237% above this industry median. Based on the distribution chart, Zen Technologies ranks #221 out of 223 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Zen Technologies has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Technologies' Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Zen Technologies ranks #221 out of 223 companies for Cyclically Adjusted PS Ratio. This places Zen Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.27. Zen Technologies' value of 43.72 is 1237% above this benchmark. Historically, Zen Technologies' own Cyclically Adjusted PS Ratio has ranged from 33.14 to 91.91 over the past decade. While the company's 10-year median is 44.04 vs. the industry median of 3.27, Zen Technologies 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.27, based on 223 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. Zen Technologies's current Cyclically Adjusted PS Ratio of 43.72 is 1237% 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 Zen Technologies and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Technologies's current Cyclically Adjusted PS Ratio is 43.72, which is near median its own 10-year median of 44.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Technologies stock overvalued right now?
Based on GuruFocus' analysis, Zen Technologies (BOM:533339) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,606.29, compared to a current price of ₹1,864.05 — trading 16% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 43.72, which is near median its 10-year median of 44.04 and 1237% above the Aerospace & Defense industry median of 3.27. Zen Technologies' overall GF Score™ is 95/100 with 8 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 Zen Technologies (BOM:533339), the current Cyclically Adjusted PS Ratio is 43.72 as of Aug. 18, 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 Zen Technologies (BOM:533339) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Technologies stock appears to be overvalued. The current stock price of ₹1,864.05 is trading 16% above its estimated GF Value™ of ₹1,606.29. GuruFocus considers Zen Technologies to be Modestly Overvalued.

Key valuation signals for BOM:533339:

  • Cyclically Adjusted PS Ratio: 43.72 (near median its 10-year median of 44.04)
  • GF Value™: ₹1,606.29 vs. price of ₹1,864.05 (16% above fair value)
  • GF Score™: 95/100 with 8 warning signs
  • Industry Position: 1237% above the Aerospace & Defense median (#221 of 223)

No single metric tells the full story. See the BOM:533339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zen Technologies Business Description

Other Exchanges ZENTEC:India
Address B-42, Industrial Estate, Sanathnagar, Hyderabad, TG, IND, 500018
Zen Technologies Ltd is engaged in the design, development, and manufacture of training simulators. The products of the company are; Weapon Simulator, Hand Grenade Simulator, Driving Training Simulator, BMP-II Driving Simulator, Forward Observer Simulator, Tactical Engagement Simulator and among others. The firm offers its products to police and paramilitary forces, armed forces, security forces, government departments, such as transport, mining, infrastructure, and civilian markets. The company caters to both domestic and international markets.
95GF Score

Get the complete analysis for BOM:533339

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

₹1,864.05
Price
₹1,606.29
GF Value