Muthoot Finance (BOM:533398) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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:533398 Muthoot Finance Ltd BOM:533398
78 GF Score
Price ₹2,840.00
GF Value ₹3,501.24
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Muthoot Finance Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Muthoot Finance  (BOM:533398) 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.


Muthoot Finance Cyclically Adjusted PS Ratio Related Terms


Muthoot Finance Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Muthoot Finance'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.

Muthoot Finance Cyclically Adjusted PS Ratio Chart

Muthoot Finance 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 5.87 4.00 5.47 7.66 8.26

Muthoot Finance 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 8.32 9.60 11.83 8.26 7.69

BOM:533398 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Muthoot Finance'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.


Muthoot Finance Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Muthoot Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:533398
78GF Score
Muthoot Finance Ltd BOM:533398
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Muthoot Finance 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.

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

For example, Muthoot Finance'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)
=216.575/167.3573*167.3573
=216.575

Current CPI (Jun. 2026) = 167.3573.

Muthoot Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 35.022 91.042 64.379
201312 32.303 91.425 59.132
201403 31.182 91.425 57.080
201406 27.879 94.103 49.582
201409 26.427 96.780 45.699
201412 26.654 96.780 46.091
201503 27.625 97.163 47.582
201806 44.386 111.317 66.732
201809 45.339 115.142 65.900
201812 47.574 115.142 69.148
201903 52.042 118.202 73.684
201906 51.292 120.880 71.013
201909 59.700 123.175 81.114
201912 64.661 126.235 85.725
202003 65.669 124.705 88.129
202006 64.902 127.000 85.526
202009 70.385 130.118 90.529
202012 75.108 130.889 96.035
202103 78.200 131.771 99.319
202106 73.494 134.084 91.732
202109 76.666 135.847 94.449
202112 78.916 138.161 95.593
202203 75.680 138.822 91.236
202206 69.784 142.347 82.045
202209 70.851 144.661 81.967
202212 75.489 145.763 86.673
202303 82.161 146.865 93.625
202306 87.401 150.280 97.333
202309 90.469 151.492 99.944
202312 95.718 152.924 104.752
202403 104.105 153.035 113.848
202406 111.902 155.789 120.211
202409 123.483 157.882 130.894
202412 130.066 158.323 137.488
202503 140.808 157.552 149.572
202506 161.532 159.755 169.219
202509 182.644 162.289 188.348
202512 205.227 163.281 210.351
202603 231.434 164.272 235.780
202606 216.575 167.357 216.575

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.

Is Muthoot Finance (BOM:533398) Overvalued in 2026?

Based on GuruFocus' analysis, Muthoot Finance stock appears to be undervalued. The current stock price of ₹2,840.00 is trading 18.9% below its estimated GF Value™ of ₹3,501.24. GuruFocus considers Muthoot Finance to be Modestly Undervalued.

Key valuation signals for BOM:533398:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹3,501.24 vs. price of ₹2,840.00 (18.9% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the BOM:533398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Muthoot Finance Business Description

Other Exchanges MUTHOOTFIN:India
Address Banerji Road, Ernakulam, 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Kochi, KL, IND, 682 018
Muthoot Finance Ltd is a non-deposit-taking, non-banking financial company with thousands of branches in India. The company's main business is providing personal and business loans to individuals who do not have access to formal credit. The loans are typically secured by gold jewelry. The company also offers some microfinance loans and housing loans to customer segments and areas that are underserved by banks. Interest income accounts for nearly all the company's revenue. It has operations in Sri Lanka and India, with India providing almost all the company's revenue.
78GF Score

Get the complete analysis for BOM:533398

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

₹2,840.00
Price
₹3,501.24
GF Value