Jain Marmo Industries (BOM:539119) Cyclically Adjusted PS Ratio: 2.39 (As of Sep. 16, 2026) — 14% Above 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:539119 Jain Marmo Industries Ltd BOM:539119
69 GF Score
Price ₹23.00
GF Value ₹24.10
Valuation Fairly Valued
View Full Analysis

What is Jain Marmo Industries Cyclically Adjusted PS Ratio?

Jain Marmo Industries BOM:539119 69 Cyclically Adjusted PS Ratio is 2.39 as of Sep. 16, 2026, which is 14% above its 10-year median of 2.09. GuruFocus rates BOM:539119 with a GF Score™ of 69/100 and a GF Value™ of ₹24.10 (Fairly Valued). Among 323 Building Materials companies, Jain Marmo Industries ranks worse than 78.33% on this metric.

As of today (2026-09-16), Jain Marmo Industries's current share price is ₹23.00. Jain Marmo Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹9.63. Jain Marmo Industries's Cyclically Adjusted PS Ratio for today is 2.39.

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

BOM:539119' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.55   Med: 2.09   Max: 3.36
Current: 2.39

During the past years, Jain Marmo Industries's highest Cyclically Adjusted PS Ratio was 3.36. The lowest was 1.55. And the median was 2.09.

BOM:539119's Cyclically Adjusted PS Ratio is ranked worse than
78.33% of 323 companies
in the Building Materials industry
Industry Median: 1 vs BOM:539119: 2.39

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.

Jain Marmo Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹1.075. 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 ₹9.63 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jain Marmo Industries  (BOM:539119) 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.


Jain Marmo Industries Cyclically Adjusted PS Ratio Related Terms


Jain Marmo Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jain Marmo Industries'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.

Jain Marmo Industries Cyclically Adjusted PS Ratio Chart

Jain Marmo Industries 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 2.31 2.17

Jain Marmo Industries 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 2.54 2.40 1.66 2.17 2.28

BOM:539119 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Jain Marmo Industries'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.


Jain Marmo Industries Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Jain Marmo Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jain Marmo Industries's Cyclically Adjusted PS Ratio falls into.


BOM:539119
69GF Score
Jain Marmo Industries Ltd BOM:539119
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jain Marmo Industries 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.

Jain Marmo Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.00/9.63
=2.39

* 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.

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

For example, Jain Marmo Industries'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)
=1.075/167.3573*167.3573
=1.075

Current CPI (Jun. 2026) = 167.3573.

Jain Marmo Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.367 105.961 3.738
201612 2.239 105.196 3.562
201703 7.619 105.196 12.121
201706 2.367 107.109 3.698
201709 1.020 109.021 1.566
201712 2.755 109.404 4.214
201803 4.524 109.786 6.896
201806 1.045 111.317 1.571
201809 3.351 115.142 4.871
201812 2.162 115.142 3.142
201903 2.580 118.202 3.653
201906 4.089 120.880 5.661
201909 1.894 123.175 2.573
201912 2.347 126.235 3.112
202003 0.548 124.705 0.735
202006 0.219 127.000 0.289
202009 0.893 130.118 1.149
202012 2.519 130.889 3.221
202103 0.414 131.771 0.526
202106 0.859 134.084 1.072
202109 1.182 135.847 1.456
202112 0.719 138.161 0.871
202203 1.849 138.822 2.229
202206 0.765 142.347 0.899
202209 0.500 144.661 0.578
202212 0.827 145.763 0.950
202303 1.823 146.865 2.077
202306 0.458 150.280 0.510
202309 0.417 151.492 0.461
202312 0.863 152.924 0.944
202403 2.993 153.035 3.273
202406 3.405 155.789 3.658
202409 1.129 157.882 1.197
202412 1.760 158.323 1.860
202503 0.904 157.552 0.960
202506 1.234 159.755 1.293
202509 1.461 162.289 1.507
202512 1.465 163.281 1.502
202603 1.643 164.272 1.674
202606 1.075 167.357 1.075

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 2.39 mean?
Jain Marmo Industries (BOM:539119) has a Cyclically Adjusted PS Ratio of 2.39 as of Sep. 16, 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 Jain Marmo Industries and its competitors. This is 14% above median its historical median of 2.09. Over the past decade, Jain Marmo Industries' Cyclically Adjusted PS Ratio has ranged from 1.55 to 3.36. According to the industry distribution chart, Jain Marmo Industries ranks #253 out of 323 companies in the Building Materials industry, placing it in the top 78.3%.
Is Jain Marmo Industries' Cyclically Adjusted PS Ratio too high?
Jain Marmo Industries' current Cyclically Adjusted PS Ratio of 2.39 is 14% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 3.36. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Jain Marmo Industries' value of 2.39 is 139% above this industry median. Based on the distribution chart, Jain Marmo Industries ranks #253 out of 323 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Jain Marmo Industries has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jain Marmo Industries' Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Jain Marmo Industries ranks #253 out of 323 companies for Cyclically Adjusted PS Ratio. This places Jain Marmo Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Jain Marmo Industries' value of 2.39 is 139% above this benchmark. Historically, Jain Marmo Industries' own Cyclically Adjusted PS Ratio has ranged from 1.55 to 3.36 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.00, Jain Marmo Industries 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.00, based on 323 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. Jain Marmo Industries's current Cyclically Adjusted PS Ratio of 2.39 is 139% 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 Jain Marmo Industries and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jain Marmo Industries's current Cyclically Adjusted PS Ratio is 2.39, which is 14% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jain Marmo Industries stock overvalued right now?
Based on GuruFocus' analysis, Jain Marmo Industries (BOM:539119) is currently considered Fairly Valued. The stock's GF Value™ is ₹24.10, compared to a current price of ₹23.00 — trading 4.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.39, which is 14% above median its 10-year median of 2.09 and 139% above the Building Materials industry median of 1.00. Jain Marmo Industries' overall GF Score™ is 69/100. 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 Jain Marmo Industries (BOM:539119), the current Cyclically Adjusted PS Ratio is 2.39 as of Sep. 16, 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 Jain Marmo Industries (BOM:539119) Overvalued in 2026?

Based on GuruFocus' analysis, Jain Marmo Industries stock appears to be undervalued. The current stock price of ₹23.00 is trading 4.6% below its estimated GF Value™ of ₹24.10. GuruFocus considers Jain Marmo Industries to be Fairly Valued.

Key valuation signals for BOM:539119:

  • Cyclically Adjusted PS Ratio: 2.39 (14% above median its 10-year median of 2.09)
  • GF Value™: ₹24.10 vs. price of ₹23.00 (4.6% below fair value)
  • GF Score™: 69/100
  • Industry Position: 139% above the Building Materials median (#253 of 323)

No single metric tells the full story. See the BOM:539119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jain Marmo Industries Business Description

Address National Highway No. 8, Sukher, Udaipur, RJ, IND, 313001
Jain Marmo Industries Ltd is an India-based company engaged in producing, processing & trading Marble Blocks/Slabs/Other Stones in the domestic as well as international markets. The company's product categories include Imported Marble, Domestic Marble, Granite - North, Granite - South, and Blue Onyx. It generates maximum revenue from domestic sales.
69GF Score

Get the complete analysis for BOM:539119

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

₹23.00
Price
₹24.10
GF Value