Amarnath Securities (BOM:538465) Cyclically Adjusted PS Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:538465 Amarnath Securities Ltd BOM:538465
25 GF Score
Price ₹18.69
GF Value ₹0.21
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Amarnath Securities Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amarnath Securities  (BOM:538465) 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.


Amarnath Securities Cyclically Adjusted PS Ratio Related Terms


Amarnath Securities Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Amarnath Securities'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.

Amarnath Securities Cyclically Adjusted PS Ratio Chart

Amarnath Securities 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 18.33 34.58 8.28 0.00

Amarnath Securities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.28 7.50 7.36 7.80 0.00

BOM:538465 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Amarnath Securities'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.


Amarnath Securities Cyclically Adjusted PS Ratio vs Credit Services Industry

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

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


BOM:538465
25GF Score
Amarnath Securities Ltd BOM:538465
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Amarnath Securities 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.

Amarnath Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Amarnath Securities's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/164.2724*164.2724
=0.000

Current CPI (Mar. 2026) = 164.2724.

Amarnath Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.287 105.961 0.445
201609 0.286 105.961 0.443
201612 0.277 105.196 0.433
201703 0.283 105.196 0.442
201706 0.299 107.109 0.459
201709 0.311 109.021 0.469
201712 0.896 109.404 1.345
201803 0.291 109.786 0.435
201806 0.340 111.317 0.502
201809 0.335 115.142 0.478
201812 0.340 115.142 0.485
201903 0.336 118.202 0.467
201906 0.384 120.880 0.522
201909 0.375 123.175 0.500
201912 0.397 126.235 0.517
202003 0.340 124.705 0.448
202006 0.352 127.000 0.455
202009 0.339 130.118 0.428
202012 0.341 130.889 0.428
202103 0.184 131.771 0.229
202106 0.068 134.084 0.083
202109 0.272 135.847 0.329
202112 0.254 138.161 0.302
202203 0.214 138.822 0.253
202206 0.083 142.347 0.096
202209 0.516 144.661 0.586
202212 0.347 145.763 0.391
202303 0.345 146.865 0.386
202306 0.361 150.280 0.395
202309 0.324 151.492 0.351
202312 0.377 152.924 0.405
202403 0.308 153.035 0.331
202406 0.315 155.789 0.332
202409 0.336 157.882 0.350
202412 0.337 158.323 0.350
202503 0.322 157.552 0.336
202506 0.301 159.755 0.310
202509 0.344 162.289 0.348
202512 0.322 163.281 0.324
202603 0.000 164.272 0.000

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 Amarnath Securities (BOM:538465) Overvalued in 2026?

Based on GuruFocus' analysis, Amarnath Securities stock appears to be overvalued. The current stock price of ₹18.69 is trading 8800% above its estimated GF Value™ of ₹0.21. GuruFocus considers Amarnath Securities to be Significantly Overvalued.

Key valuation signals for BOM:538465:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹0.21 vs. price of ₹18.69 (8800% above fair value)
  • GF Score™: 25/100 with 4 warning signs

No single metric tells the full story. See the BOM:538465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amarnath Securities Business Description

Address Western Express Highway, 814 - Hubtown Viva, Near Mogra Metro Station, Shankarwadi, Jogeshwari East, Munbai, MH, IND, 400060
Amarnath Securities Ltd is a non-banking financial company engaged in financing business in India. The company supports businesses in raising capital, offers investment advisory, underwriting, portfolio management, and stockbroking services. It generates revenue from the sale of its services.
25GF Score

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

₹18.69
Price
₹0.21
GF Value