Gajanan Securities Services (BOM:538609) Cyclically Adjusted PS Ratio: 69.86 (As of Aug. 20, 2026) — 28% Below Median

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BOM:538609 Gajanan Securities Services Ltd BOM:538609
30 GF Score
Price ₹51.00
! 3 Warning Signs
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What is Gajanan Securities Services Cyclically Adjusted PS Ratio?

Gajanan Securities Services BOM:538609 +0.37% 30 Cyclically Adjusted PS Ratio is 69.86 as of Aug. 20, 2026, which is 28% below its 10-year median of 96.85. GuruFocus rates BOM:538609 with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 593 Capital Markets companies, Gajanan Securities Services ranks worse than 98.31% on this metric.

As of today (2026-08-20), Gajanan Securities Services's current share price is ₹51.00. Gajanan Securities Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹0.73. Gajanan Securities Services's Cyclically Adjusted PS Ratio for today is 69.86.

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

BOM:538609' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 66.8   Med: 96.85   Max: 198.73
Current: 69.2

During the past years, Gajanan Securities Services's highest Cyclically Adjusted PS Ratio was 198.73. The lowest was 66.80. And the median was 96.85.

BOM:538609's Cyclically Adjusted PS Ratio is ranked worse than
98.31% of 593 companies
in the Capital Markets industry
Industry Median: 3.44 vs BOM:538609: 69.20

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.

Gajanan Securities Services's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹-0.113. 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 ₹0.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gajanan Securities Services  (BOM:538609) 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.


Gajanan Securities Services Cyclically Adjusted PS Ratio Related Terms


Gajanan Securities Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gajanan Securities Services'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.

Gajanan Securities Services Cyclically Adjusted PS Ratio Chart

Gajanan Securities Services 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 0.00 123.52 71.09

Gajanan Securities Services 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 123.52 71.10 88.61 69.44 71.09

BOM:538609 vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Gajanan Securities Services'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.


Gajanan Securities Services Cyclically Adjusted PS Ratio vs Capital Markets Industry

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

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


BOM:538609
30GF Score
Gajanan Securities Services Ltd BOM:538609
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gajanan Securities Services 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.

Gajanan Securities Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=51.00/0.73
=69.86

* 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.

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

For example, Gajanan Securities Services'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)
=-0.113/164.2724*164.2724
=-0.113

Current CPI (Mar. 2026) = 164.2724.

Gajanan Securities Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.005 99.841 0.008
201509 0.000 101.753 0.000
201512 0.001 102.901 0.002
201603 0.335 102.518 0.537
201606 0.013 105.961 0.020
201609 0.183 105.961 0.284
201612 0.000 105.196 0.000
201703 3.224 105.196 5.035
201706 0.000 107.109 0.000
201803 0.000 109.786 0.000
201806 0.025 111.317 0.037
201903 0.000 118.202 0.000
201906 0.030 120.880 0.041
201909 0.010 123.175 0.013
201912 0.138 126.235 0.180
202003 -0.147 124.705 -0.194
202006 0.368 127.000 0.476
202009 0.165 130.118 0.208
202012 0.624 130.889 0.783
202103 -0.883 131.771 -1.101
202106 0.519 134.084 0.636
202109 0.447 135.847 0.541
202112 0.115 138.161 0.137
202203 -1.079 138.822 -1.277
202206 -0.536 142.347 -0.619
202209 0.587 144.661 0.667
202212 0.045 145.763 0.051
202303 -0.181 146.865 -0.202
202306 0.391 150.280 0.427
202309 0.204 151.492 0.221
202312 0.074 152.924 0.079
202403 -0.697 153.035 -0.748
202406 0.084 155.789 0.089
202409 0.059 157.882 0.061
202412 -0.043 158.323 -0.045
202503 -0.010 157.552 -0.010
202506 0.096 159.755 0.099
202509 -0.012 162.289 -0.012
202512 0.082 163.281 0.082
202603 -0.113 164.272 -0.113

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 69.86 mean?
Gajanan Securities Services (BOM:538609) has a Cyclically Adjusted PS Ratio of 69.86 as of Aug. 20, 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 Gajanan Securities Services and its competitors. This is 28% below median its historical median of 96.85. Over the past decade, Gajanan Securities Services' Cyclically Adjusted PS Ratio has ranged from 66.80 to 198.73. According to the industry distribution chart, Gajanan Securities Services ranks #583 out of 593 companies in the Capital Markets industry, placing it in the top 98.3%.
Is Gajanan Securities Services' Cyclically Adjusted PS Ratio too high?
Gajanan Securities Services' current Cyclically Adjusted PS Ratio of 69.86 is 28% below median its 10-year median of 96.85. Over the past 10 years, this metric has ranged from a low of 66.80 to a high of 198.73. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.44. Gajanan Securities Services' value of 69.86 is 1930.8% above this industry median. Based on the distribution chart, Gajanan Securities Services ranks #583 out of 593 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Gajanan Securities Services has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Gajanan Securities Services' Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Gajanan Securities Services ranks #583 out of 593 companies for Cyclically Adjusted PS Ratio. This places Gajanan Securities Services in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.44. Gajanan Securities Services' value of 69.86 is 1930.8% above this benchmark. Historically, Gajanan Securities Services' own Cyclically Adjusted PS Ratio has ranged from 66.80 to 198.73 over the past decade. While the company's 10-year median is 96.85 vs. the industry median of 3.44, Gajanan Securities Services 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 a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.44, based on 593 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. Gajanan Securities Services's current Cyclically Adjusted PS Ratio of 69.86 is 1930.8% 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 Gajanan Securities Services and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gajanan Securities Services's current Cyclically Adjusted PS Ratio is 69.86, which is 28% below median its own 10-year median of 96.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gajanan Securities Services stock overvalued right now?
Gajanan Securities Services (BOM:538609) has a current Cyclically Adjusted PS Ratio of 69.86. The current Cyclically Adjusted PS Ratio is 69.86, which is 28% below median its 10-year median of 96.85 and 1930.8% above the Capital Markets industry median of 3.44. Gajanan Securities Services' overall GF Score™ is 30/100 with 3 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 Gajanan Securities Services (BOM:538609), the current Cyclically Adjusted PS Ratio is 69.86 as of Aug. 20, 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.

Gajanan Securities Services Business Description

Address 113/1B, C.R.Avenue, 7th Floor, Room no. 7C, Kolkata, WB, IND, 700073
Gajanan Securities Services Ltd, based in Kolkata, India, is a financial services company engaged in trading shares, securities, and derivatives. Incorporated in 1994, the company operates as a stockbroker and dealer, facilitating trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It offers services in equity trading, securities brokerage, and related financial activities. The Company has one reportable segment i.e. trading in shares, securities and derivatives. Revenue is generated predominantly from brokerage and trading commissions.
30GF Score

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