Veto Switchgears And Cables (BOM:539331) Cyclically Adjusted PS Ratio: 0.72 (As of Aug. 01, 2026) — Near Median

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BOM:539331 Veto Switchgears And Cables Ltd BOM:539331
79 GF Score
Price ₹121.05
GF Value ₹163.13
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Veto Switchgears And Cables Cyclically Adjusted PS Ratio?

Veto Switchgears And Cables BOM:539331 -1.94% 79 Cyclically Adjusted PS Ratio is 0.72 as of Aug. 01, 2026, which is 1% above its 10-year median of 0.71. GuruFocus rates BOM:539331 with a GF Score™ of 79/100 and a GF Value™ of ₹163.13 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,300 Industrial Products companies, Veto Switchgears And Cables ranks better than 73.57% on this metric.

As of today (2026-08-01), Veto Switchgears And Cables's current share price is ₹121.05. Veto Switchgears And Cables's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹167.41. Veto Switchgears And Cables's Cyclically Adjusted PS Ratio for today is 0.72.

The historical rank and industry rank for Veto Switchgears And Cables's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:539331' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.71   Max: 0.89
Current: 0.73

During the past years, Veto Switchgears And Cables's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.55. And the median was 0.71.

BOM:539331's Cyclically Adjusted PS Ratio is ranked better than
73.57% of 2300 companies
in the Industrial Products industry
Industry Median: 1.695 vs BOM:539331: 0.73

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.

Veto Switchgears And Cables's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹72.643. 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 ₹167.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veto Switchgears And Cables  (BOM:539331) 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.


Veto Switchgears And Cables Cyclically Adjusted PS Ratio Related Terms


Veto Switchgears And Cables Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Veto Switchgears And Cables'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.

Veto Switchgears And Cables Cyclically Adjusted PS Ratio Chart

Veto Switchgears And Cables 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 0.65 0.51

Veto Switchgears And Cables 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 0.65 0.83 0.73 0.71 0.51

BOM:539331 vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Veto Switchgears And Cables'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.


Veto Switchgears And Cables Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Veto Switchgears And Cables's Cyclically Adjusted PS Ratio falls into.


BOM:539331
79GF Score
Veto Switchgears And Cables Ltd BOM:539331
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veto Switchgears And Cables 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.

Veto Switchgears And Cables's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=121.05/167.41
=0.72

* 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.

Veto Switchgears And Cables's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Veto Switchgears And Cables'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)
=72.643/164.2724*164.2724
=72.643

Current CPI (Mar. 2026) = 164.2724.

Veto Switchgears And Cables Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 30.819 105.961 47.779
201609 31.187 105.961 48.349
201612 30.168 105.196 47.110
201703 36.590 105.196 57.138
201706 26.299 107.109 40.335
201709 33.645 109.021 50.696
201712 37.081 109.404 55.678
201803 37.352 109.786 55.889
201806 30.201 111.317 44.568
201809 30.442 115.142 43.431
201812 29.690 115.142 42.359
201903 24.337 118.202 33.823
201906 18.735 120.880 25.460
201909 19.389 123.175 25.858
201912 20.271 126.235 26.379
202003 20.114 124.705 26.496
202006 12.047 127.000 15.583
202009 22.059 130.118 27.849
202012 26.753 130.889 33.576
202103 33.666 131.771 41.970
202106 22.108 134.084 27.085
202109 39.952 135.847 48.312
202112 37.652 138.161 44.768
202203 39.792 138.822 47.087
202206 31.308 142.347 36.130
202209 39.471 144.661 44.822
202212 37.495 145.763 42.256
202303 43.474 146.865 48.627
202306 35.361 150.280 38.653
202309 37.887 151.492 41.083
202312 43.959 152.924 47.221
202403 40.766 153.035 43.760
202406 32.165 155.789 33.917
202409 38.859 157.882 40.432
202412 39.626 158.323 41.115
202503 46.654 157.552 48.644
202506 31.655 159.755 32.550
202509 46.528 162.289 47.097
202512 49.330 163.281 49.630
202603 72.643 164.272 72.643

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 0.72 mean?
Veto Switchgears And Cables (BOM:539331) has a Cyclically Adjusted PS Ratio of 0.72 as of Aug. 01, 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 Veto Switchgears And Cables and its competitors. This is near median its historical median of 0.71. Over the past decade, Veto Switchgears And Cables' Cyclically Adjusted PS Ratio has ranged from 0.55 to 0.89. According to the industry distribution chart, Veto Switchgears And Cables ranks #608 out of 2300 companies in the Industrial Products industry, placing it in the top 26.4%.
Is Veto Switchgears And Cables' Cyclically Adjusted PS Ratio too high?
Veto Switchgears And Cables' current Cyclically Adjusted PS Ratio of 0.72 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.89. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.70. Veto Switchgears And Cables' value of 0.72 is 57.5% below this industry median. Based on the distribution chart, Veto Switchgears And Cables ranks #608 out of 2300 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Veto Switchgears And Cables has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veto Switchgears And Cables' Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Veto Switchgears And Cables ranks #608 out of 2300 companies for Cyclically Adjusted PS Ratio. This puts Veto Switchgears And Cables in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.70. Veto Switchgears And Cables' value of 0.72 is 57.5% below this benchmark. Historically, Veto Switchgears And Cables' own Cyclically Adjusted PS Ratio has ranged from 0.55 to 0.89 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.70, Veto Switchgears And Cables has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.70, based on 2,300 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. Veto Switchgears And Cables's current Cyclically Adjusted PS Ratio of 0.72 is 57.5% below 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 Veto Switchgears And Cables and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veto Switchgears And Cables's current Cyclically Adjusted PS Ratio is 0.72, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veto Switchgears And Cables stock overvalued right now?
Based on GuruFocus' analysis, Veto Switchgears And Cables (BOM:539331) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹163.13, compared to a current price of ₹121.05 — trading 25.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.72, which is near median its 10-year median of 0.71 and 57.5% below the Industrial Products industry median of 1.70. Veto Switchgears And Cables' overall GF Score™ is 79/100 with 2 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 Veto Switchgears And Cables (BOM:539331), the current Cyclically Adjusted PS Ratio is 0.72 as of Aug. 01, 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 Veto Switchgears And Cables (BOM:539331) Overvalued in 2026?

Based on GuruFocus' analysis, Veto Switchgears And Cables stock appears to be undervalued. The current stock price of ₹121.05 is trading 25.8% below its estimated GF Value™ of ₹163.13. GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.

Key valuation signals for BOM:539331:

  • Cyclically Adjusted PS Ratio: 0.72 (near median its 10-year median of 0.71)
  • GF Value™: ₹163.13 vs. price of ₹121.05 (25.8% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 57.5% below the Industrial Products median (#608 of 2300)

No single metric tells the full story. See the BOM:539331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veto Switchgears And Cables Business Description

Other Exchanges VETO:India
Address Tonk Road, Airport Plaza Scheme, 4th Floor, Plot No. 10, Days Hotel, Behind Hotel Radisson Blu, Durgapur, Jaipur, RJ, IND, 302018
Veto Switchgears And Cables Ltd manufactures electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, Distribution boards, and others. The company's segments include Wire and Cables, Lighting and Fittings, and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.
79GF Score

Get the complete analysis for BOM:539331

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

₹121.05
Price
₹163.13
GF Value