Darshan Orna (BOM:539884) Cyclically Adjusted PS Ratio: 0.48 (As of Sep. 10, 2026) — 16% Below Median

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BOM:539884 Darshan Orna Ltd BOM:539884
31 GF Score
Price ₹2.23
! 4 Warning Signs
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What is Darshan Orna Cyclically Adjusted PS Ratio?

Darshan Orna BOM:539884 -5.91% 31 Cyclically Adjusted PS Ratio is 0.48 as of Sep. 10, 2026, which is 16% below its 10-year median of 0.57. GuruFocus rates BOM:539884 with a GF Score™ of 31/100. The stock has 4 warning signs investors should review. Among 800 Retail - Cyclical companies, Darshan Orna ranks better than 53.62% on this metric.

As of today (2026-09-10), Darshan Orna's current share price is ₹2.23. Darshan Orna's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹4.66. Darshan Orna's Cyclically Adjusted PS Ratio for today is 0.48.

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

BOM:539884' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.57   Max: 0.76
Current: 0.47

During the past years, Darshan Orna's highest Cyclically Adjusted PS Ratio was 0.76. The lowest was 0.46. And the median was 0.57.

BOM:539884's Cyclically Adjusted PS Ratio is ranked better than
53.62% of 800 companies
in the Retail - Cyclical industry
Industry Median: 0.52 vs BOM:539884: 0.47

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.

Darshan Orna's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹1.246. 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 ₹4.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Darshan Orna  (BOM:539884) 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.


Darshan Orna Cyclically Adjusted PS Ratio Related Terms


Darshan Orna Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Darshan Orna'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.

Darshan Orna Cyclically Adjusted PS Ratio Chart

Darshan Orna 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 0.00

Darshan Orna 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 0.58 0.65 0.00 0.49

BOM:539884 vs TPR: Cyclically Adjusted PS Ratio Comparison

For the Luxury Goods subindustry, Darshan Orna'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.


Darshan Orna Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Darshan Orna's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:539884
31GF Score
Darshan Orna Ltd BOM:539884
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Darshan Orna 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.

Darshan Orna's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.23/4.66
=0.48

* 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.

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

For example, Darshan Orna'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)
=1.246/167.3573*167.3573
=1.246

Current CPI (Jun. 2026) = 167.3573.

Darshan Orna Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.000 97.163 0.000
201512 0.000 102.901 0.000
201603 0.877 102.518 1.432
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 1.853 111.317 2.786
201809 -1.084 115.142 -1.576
201812 0.505 115.142 0.734
201903 0.828 118.202 1.172
201906 0.951 120.880 1.317
201909 0.298 123.175 0.405
201912 0.699 126.235 0.927
202003 1.558 124.705 2.091
202006 0.010 127.000 0.013
202009 0.105 130.118 0.135
202012 0.088 130.889 0.113
202103 1.102 131.771 1.400
202106 0.670 134.084 0.836
202109 0.692 135.847 0.853
202112 0.538 138.161 0.652
202203 0.648 138.822 0.781
202206 0.785 142.347 0.923
202209 0.606 144.661 0.701
202212 4.255 145.763 4.885
202303 0.456 146.865 0.520
202306 0.342 150.280 0.381
202309 0.650 151.492 0.718
202312 2.276 152.924 2.491
202403 0.971 153.035 1.062
202406 1.619 155.789 1.739
202409 0.448 157.882 0.475
202412 0.450 158.323 0.476
202503 1.307 157.552 1.388
202506 2.753 159.755 2.884
202509 1.320 162.289 1.361
202512 2.905 163.281 2.978
202603 3.285 164.272 3.347
202606 1.246 167.357 1.246

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 0.48 mean?
Darshan Orna (BOM:539884) has a Cyclically Adjusted PS Ratio of 0.48 as of Sep. 10, 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 Darshan Orna and its competitors. This is 16% below median its historical median of 0.57. Over the past decade, Darshan Orna's Cyclically Adjusted PS Ratio has ranged from 0.46 to 0.76. According to the industry distribution chart, Darshan Orna ranks #371 out of 800 companies in the Retail - Cyclical industry, placing it in the top 46.4%.
Is Darshan Orna's Cyclically Adjusted PS Ratio too high?
Darshan Orna's current Cyclically Adjusted PS Ratio of 0.48 is 16% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.76. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.52. Darshan Orna's value of 0.48 is 7.7% below this industry median. Based on the distribution chart, Darshan Orna ranks #371 out of 800 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Darshan Orna has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Darshan Orna's Cyclically Adjusted PS Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Darshan Orna ranks #371 out of 800 companies for Cyclically Adjusted PS Ratio. This puts Darshan Orna in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.52. Darshan Orna's value of 0.48 is 7.7% below this benchmark. Historically, Darshan Orna's own Cyclically Adjusted PS Ratio has ranged from 0.46 to 0.76 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.52, Darshan Orna 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.52, based on 800 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. Darshan Orna's current Cyclically Adjusted PS Ratio of 0.48 is 7.7% 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 Darshan Orna and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Darshan Orna's current Cyclically Adjusted PS Ratio is 0.48, which is 16% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Darshan Orna stock overvalued right now?
Darshan Orna (BOM:539884) has a current Cyclically Adjusted PS Ratio of 0.48. The current Cyclically Adjusted PS Ratio is 0.48, which is 16% below median its 10-year median of 0.57 and 7.7% below the Retail - Cyclical industry median of 0.52. Darshan Orna's overall GF Score™ is 31/100 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 Darshan Orna (BOM:539884), the current Cyclically Adjusted PS Ratio is 0.48 as of Sep. 10, 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.

Darshan Orna Business Description

Address Madan Gopal Haveli Road, Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers, Manek Chowk, Ahmedabad, GJ, IND, 380001
Darshan Orna Ltd is engaged in the trading of precious metals and jewellery. It operates in the wholesale segment, trading in gold and silver jewellery, both plain and studded with or without precious and semi-precious stones. The company's product portfolio is broadly classified into three categories: Gold jewellery, Diamond jewellery and Signature and Limited collection, offering engagement rings, earrings, necklaces, earrings, bracelets, bridal sets, etc. Geographically, the company mainly caters to the Indian market.
31GF 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.

₹2.23
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