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Waaree TechnologiesBOM:539337 -1.66%49 Cyclically Adjusted PS Ratio is 13.01 as of Aug. 21, 2026, which is 23% below its 10-year median of 16.89. GuruFocus rates BOM:539337 with a GF Score™ of 49/100 and a GF Value™ of ₹181.66 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 727 Semiconductors companies, Waaree Technologies ranks worse than 83.49% on this metric.
The historical rank and industry rank for Waaree Technologies's Cyclically Adjusted PS Ratio or its related term are showing as below:
BOM:539337'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.05 Med: 16.89 Max: 99.95
Current: 13.62
During the past 12 years, Waaree Technologies's highest Cyclically Adjusted PS Ratio was 99.95. The lowest was 8.05. And the median was 16.89.
BOM:539337's Cyclically Adjusted PS Ratio is ranked worse than 83.49% of 727
companies
in the Semiconductors industry
Industry Median: 3.12
vs BOM:539337: 13.62
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.
Waaree Technologies's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹6.623. 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 ₹16.12 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Waaree Technologies (BOM:539337) 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.
Waaree Technologies Cyclically Adjusted PS Ratio Related Terms
Waaree Technologies Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Waaree Technologies'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.
Waaree Technologies Cyclically Adjusted PS Ratio Chart
BOM:539337 vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison
For the Solar subindustry, Waaree Technologies'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.
Waaree Technologies Cyclically Adjusted PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Waaree Technologies's Cyclically Adjusted PS Ratio falls into.
Waaree Technologies 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.
Waaree Technologies's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 13.01 mean?
Waaree Technologies (BOM:539337) has a Cyclically Adjusted PS Ratio of 13.01 as of Aug. 21, 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 Waaree Technologies and its competitors. This is 23% below median its historical median of 16.89. Over the past decade, Waaree Technologies' Cyclically Adjusted PS Ratio has ranged from 8.05 to 99.95. According to the industry distribution chart, Waaree Technologies ranks #607 out of 727 companies in the Semiconductors industry, placing it in the top 83.5%.
Is Waaree Technologies' Cyclically Adjusted PS Ratio too high?
Waaree Technologies' current Cyclically Adjusted PS Ratio of 13.01 is 23% below median its 10-year median of 16.89. Over the past 10 years, this metric has ranged from a low of 8.05 to a high of 99.95. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.12. Waaree Technologies' value of 13.01 is 317% above this industry median. Based on the distribution chart, Waaree Technologies ranks #607 out of 727 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Waaree Technologies has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waaree Technologies' Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Technologies ranks #607 out of 727 companies for Cyclically Adjusted PS Ratio. This places Waaree Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.12. Waaree Technologies' value of 13.01 is 317% above this benchmark. Historically, Waaree Technologies' own Cyclically Adjusted PS Ratio has ranged from 8.05 to 99.95 over the past decade. While the company's 10-year median is 16.89 vs. the industry median of 3.12, Waaree Technologies 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 3.12, based on 727 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. Waaree Technologies's current Cyclically Adjusted PS Ratio of 13.01 is 317% 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 Waaree Technologies and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Technologies's current Cyclically Adjusted PS Ratio is 13.01, which is 23% below median its own 10-year median of 16.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Technologies (BOM:539337) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹181.66, compared to a current price of ₹209.80 — trading 15.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 13.01, which is 23% below median its 10-year median of 16.89 and 317% above the Semiconductors industry median of 3.12. Waaree Technologies' overall GF Score™ is 49/100 with 5 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 Waaree Technologies (BOM:539337), the current Cyclically Adjusted PS Ratio is 13.01 as of Aug. 21, 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 Waaree Technologies (BOM:539337) Overvalued in 2026?
Based on GuruFocus' analysis, Waaree Technologies stock appears to be overvalued.
The current stock price of ₹209.80 is trading 15.5% above its estimated GF Value™ of ₹181.66.
GuruFocus considers Waaree Technologies to be Modestly Overvalued.
Key valuation signals for BOM:539337:
Cyclically Adjusted PS Ratio: 13.01 (23% below median its 10-year median of 16.89)
GF Value™: ₹181.66 vs. price of ₹209.80 (15.5% above fair value)
Industry Position: 317% above the Semiconductors median (#607 of 727)
No single metric tells the full story. See the BOM:539337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waaree Technologies Ltd is engaged in the business of manufacturing batteries, catering to both industrial and consumer segments, with a particular focus on energy storage systems, electric vehicles (EVs). The Products of the company include PV modules and Solar inverters. Its Solutions are Ground Mounted, Roof Top, Floating Solar, Asset Management, and Green Hydrogen. The company operates in a single segment is assembling and dealing in lithium batteries.
49GF Score
Get the complete analysis for BOM:539337
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