Bajaj Healthcare (BOM:539872) Cyclically Adjusted PS Ratio: 1.38 (As of Aug. 30, 2026) — Near Median

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BOM:539872 Bajaj Healthcare Ltd BOM:539872
63 GF Score
Price ₹322.10
GF Value ₹407.53
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Bajaj Healthcare Cyclically Adjusted PS Ratio?

Bajaj Healthcare BOM:539872 +0.19% 63 Cyclically Adjusted PS Ratio is 1.38 as of Aug. 30, 2026, which is 7% below its 10-year median of 1.49. GuruFocus rates BOM:539872 with a GF Score™ of 63/100 and a GF Value™ of ₹407.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 749 Drug Manufacturers companies, Bajaj Healthcare ranks better than 63.15% on this metric.

As of today (2026-08-30), Bajaj Healthcare's current share price is ₹322.10. Bajaj Healthcare's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹232.89. Bajaj Healthcare's Cyclically Adjusted PS Ratio for today is 1.38.

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

BOM:539872' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.49   Max: 2.11
Current: 1.38

During the past years, Bajaj Healthcare's highest Cyclically Adjusted PS Ratio was 2.11. The lowest was 1.24. And the median was 1.49.

BOM:539872's Cyclically Adjusted PS Ratio is ranked better than
63.15% of 749 companies
in the Drug Manufacturers industry
Industry Median: 2.05 vs BOM:539872: 1.38

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.

Bajaj Healthcare's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹49.092. 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 ₹232.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bajaj Healthcare  (BOM:539872) 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.


Bajaj Healthcare Cyclically Adjusted PS Ratio Related Terms


Bajaj Healthcare Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bajaj Healthcare'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.

Bajaj Healthcare Cyclically Adjusted PS Ratio Chart

Bajaj Healthcare 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 0.00 1.26

Bajaj Healthcare 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 0.00 2.13 1.81 1.26 1.51

BOM:539872 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Bajaj Healthcare'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.


Bajaj Healthcare Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bajaj Healthcare's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:539872
63GF Score
Bajaj Healthcare Ltd BOM:539872
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bajaj Healthcare 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.

Bajaj Healthcare's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=322.10/232.89
=1.38

* 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.

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

For example, Bajaj Healthcare'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)
=49.092/167.3573*167.3573
=49.092

Current CPI (Jun. 2026) = 167.3573.

Bajaj Healthcare Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201512 15.927 102.901 25.904
201603 18.315 102.518 29.899
201609 0.000 105.961 0.000
201703 0.000 105.196 0.000
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201806 68.485 111.317 102.963
201809 0.000 115.142 0.000
201903 0.000 118.202 0.000
201906 33.257 120.880 46.044
201909 36.492 123.175 49.582
201912 35.972 126.235 47.690
202003 42.168 124.705 56.590
202006 50.661 127.000 66.760
202009 74.881 130.118 96.312
202012 64.591 130.889 82.587
202103 47.460 131.771 60.277
202106 67.252 134.084 83.941
202109 54.674 135.847 67.356
202112 60.709 138.161 73.538
202203 63.621 138.822 76.699
202206 59.283 142.347 69.699
202209 70.774 144.661 81.878
202212 48.091 145.763 55.216
202303 55.815 146.865 63.603
202306 47.011 150.280 52.353
202309 36.555 151.492 40.383
202312 39.547 152.924 43.279
202403 48.331 153.035 52.854
202406 48.027 155.789 51.593
202409 47.248 157.882 50.084
202412 38.134 158.323 40.310
202503 47.815 157.552 50.791
202506 45.782 159.755 47.961
202509 46.202 162.289 47.645
202512 50.094 163.281 51.345
202603 47.959 164.272 48.860
202606 49.092 167.357 49.092

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 1.38 mean?
Bajaj Healthcare (BOM:539872) has a Cyclically Adjusted PS Ratio of 1.38 as of Aug. 30, 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 Bajaj Healthcare and its competitors. This is near median its historical median of 1.49. Over the past decade, Bajaj Healthcare's Cyclically Adjusted PS Ratio has ranged from 1.24 to 2.11. According to the industry distribution chart, Bajaj Healthcare ranks #276 out of 749 companies in the Drug Manufacturers industry, placing it in the top 36.8%.
Is Bajaj Healthcare's Cyclically Adjusted PS Ratio too high?
Bajaj Healthcare's current Cyclically Adjusted PS Ratio of 1.38 is near median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 2.11. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. Bajaj Healthcare's value of 1.38 is 32.7% below this industry median. Based on the distribution chart, Bajaj Healthcare ranks #276 out of 749 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Bajaj Healthcare has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Healthcare's Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Bajaj Healthcare ranks #276 out of 749 companies for Cyclically Adjusted PS Ratio. This puts Bajaj Healthcare in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.05. Bajaj Healthcare's value of 1.38 is 32.7% below this benchmark. Historically, Bajaj Healthcare's own Cyclically Adjusted PS Ratio has ranged from 1.24 to 2.11 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 2.05, Bajaj Healthcare 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 a Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.05, based on 749 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. Bajaj Healthcare's current Cyclically Adjusted PS Ratio of 1.38 is 32.7% 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 Bajaj Healthcare and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Healthcare's current Cyclically Adjusted PS Ratio is 1.38, which is near median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Healthcare (BOM:539872) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹407.53, compared to a current price of ₹322.10 — trading 21% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.38, which is near median its 10-year median of 1.49 and 32.7% below the Drug Manufacturers industry median of 2.05. Bajaj Healthcare's overall GF Score™ is 63/100 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 Bajaj Healthcare (BOM:539872), the current Cyclically Adjusted PS Ratio is 1.38 as of Aug. 30, 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 Bajaj Healthcare (BOM:539872) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Healthcare stock appears to be undervalued. The current stock price of ₹322.10 is trading 21% below its estimated GF Value™ of ₹407.53. GuruFocus considers Bajaj Healthcare to be Modestly Undervalued.

Key valuation signals for BOM:539872:

  • Cyclically Adjusted PS Ratio: 1.38 (near median its 10-year median of 1.49)
  • GF Value™: ₹407.53 vs. price of ₹322.10 (21% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 32.7% below the Drug Manufacturers median (#276 of 749)

No single metric tells the full story. See the BOM:539872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Healthcare Business Description

Other Exchanges BAJAJHCARE:India
Address Road No. 23, Wagle Industrial Estate, 602-606, Bhoomi Velocity Infotech Park, Plot No. B-39, B-39A, B-39A/1, Thane (West), Thane, MH, IND, 400 604
Bajaj Healthcare Ltd is an India-based pharmaceutical company that manufactures Active Pharmaceutical Ingredients (APIs), Intermediates, Finished Dosage Forms, and Nutraceuticals. Its products include Intermediates, API, Formulation, and Impurities. The company derives a majority of its revenue from India.
63GF Score

Get the complete analysis for BOM:539872

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

₹322.10
Price
₹407.53
GF Value