Citizen Solar (BOM:538786) Cyclically Adjusted PS Ratio: 6.29 (As of Aug. 15, 2026) — Near Median

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BOM:538786 Citizen Solar Ltd BOM:538786
42 GF Score
Price ₹274.80
! 4 Warning Signs
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What is Citizen Solar Cyclically Adjusted PS Ratio?

Citizen Solar BOM:538786 -5.00% 42 Cyclically Adjusted PS Ratio is 6.29 as of Aug. 15, 2026, which is 6% above its 10-year median of 5.92. GuruFocus rates BOM:538786 with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 729 Semiconductors companies, Citizen Solar ranks worse than 71.33% on this metric.

As of today (2026-08-15), Citizen Solar's current share price is ₹274.80. Citizen Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹43.67. Citizen Solar's Cyclically Adjusted PS Ratio for today is 6.29.

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

BOM:538786' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 5.92   Max: 13.35
Current: 6.64

During the past years, Citizen Solar's highest Cyclically Adjusted PS Ratio was 13.35. The lowest was 1.45. And the median was 5.92.

BOM:538786's Cyclically Adjusted PS Ratio is ranked worse than
71.33% of 729 companies
in the Semiconductors industry
Industry Median: 3.02 vs BOM:538786: 6.64

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.

Citizen Solar's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹203.390. 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 ₹43.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Citizen Solar  (BOM:538786) 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.


Citizen Solar Cyclically Adjusted PS Ratio Related Terms


Citizen Solar Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Citizen 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.

Citizen Solar Cyclically Adjusted PS Ratio Chart

Citizen Solar 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 6.56 1.77 5.76

Citizen Solar 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 1.77 3.02 8.08 12.50 5.76

BOM:538786 vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Citizen 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.


Citizen Solar Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


BOM:538786
42GF Score
Citizen Solar Ltd BOM:538786
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citizen 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=274.80/43.67
=6.29

* 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.

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

For example, Citizen Solar'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)
=203.39/164.2724*164.2724
=203.390

Current CPI (Mar. 2026) = 164.2724.

Citizen Solar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.223 105.961 1.896
201609 1.531 105.961 2.374
201612 1.222 105.196 1.908
201703 2.285 105.196 3.568
201706 1.525 107.109 2.339
201709 1.730 109.021 2.607
201712 0.936 109.404 1.405
201803 1.230 109.786 1.840
201806 1.349 111.317 1.991
201809 1.348 115.142 1.923
201812 0.926 115.142 1.321
201903 0.761 118.202 1.058
201906 0.627 120.880 0.852
201909 1.091 123.175 1.455
201912 0.525 126.235 0.683
202003 0.570 124.705 0.751
202006 0.072 127.000 0.093
202009 0.187 130.118 0.236
202012 0.342 130.889 0.429
202103 0.412 131.771 0.514
202106 0.128 134.084 0.157
202109 0.112 135.847 0.135
202112 0.262 138.161 0.312
202203 0.553 138.822 0.654
202206 1.354 142.347 1.563
202209 0.758 144.661 0.861
202212 2.113 145.763 2.381
202303 0.000 146.865 0.000
202306 1.871 150.280 2.045
202309 0.795 151.492 0.862
202312 2.411 152.924 2.590
202403 2.057 153.035 2.208
202406 1.946 155.789 2.052
202409 3.063 157.882 3.187
202412 1.454 158.323 1.509
202503 157.184 157.552 163.889
202506 2.659 159.755 2.734
202509 5.814 162.289 5.885
202512 0.167 163.281 0.168
202603 203.390 164.272 203.390

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 6.29 mean?
Citizen Solar (BOM:538786) has a Cyclically Adjusted PS Ratio of 6.29 as of Aug. 15, 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 Citizen Solar and its competitors. This is near median its historical median of 5.92. Over the past decade, Citizen Solar's Cyclically Adjusted PS Ratio has ranged from 1.45 to 13.35. According to the industry distribution chart, Citizen Solar ranks #520 out of 729 companies in the Semiconductors industry, placing it in the top 71.3%.
Is Citizen Solar's Cyclically Adjusted PS Ratio too high?
Citizen Solar's current Cyclically Adjusted PS Ratio of 6.29 is near median its 10-year median of 5.92. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 13.35. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.02. Citizen Solar's value of 6.29 is 108.3% above this industry median. Based on the distribution chart, Citizen Solar ranks #520 out of 729 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Citizen Solar has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #520 out of 729 companies for Cyclically Adjusted PS Ratio. This places Citizen Solar in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.02. Citizen Solar's value of 6.29 is 108.3% above this benchmark. Historically, Citizen Solar's own Cyclically Adjusted PS Ratio has ranged from 1.45 to 13.35 over the past decade. While the company's 10-year median is 5.92 vs. the industry median of 3.02, Citizen Solar 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.02, based on 729 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. Citizen Solar's current Cyclically Adjusted PS Ratio of 6.29 is 108.3% 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 Citizen Solar and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current Cyclically Adjusted PS Ratio is 6.29, which is near median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Solar stock overvalued right now?
Citizen Solar (BOM:538786) has a current Cyclically Adjusted PS Ratio of 6.29. The current Cyclically Adjusted PS Ratio is 6.29, which is near median its 10-year median of 5.92 and 108.3% above the Semiconductors industry median of 3.02. Citizen Solar's overall GF Score™ is 42/100 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 Citizen Solar (BOM:538786), the current Cyclically Adjusted PS Ratio is 6.29 as of Aug. 15, 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.

Citizen Solar Business Description

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
42GF 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.

₹274.80
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