Parag Milk Food (BOM:539889) Cyclically Adjusted PS Ratio: 0.82 (As of Sep. 01, 2026) — 19% 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:539889 Parag Milk Food Ltd BOM:539889
79 GF Score
Price ₹259.05
GF Value ₹247.55
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Parag Milk Food Cyclically Adjusted PS Ratio?

Parag Milk Food BOM:539889 +1.59% 79 Cyclically Adjusted PS Ratio is 0.82 as of Sep. 01, 2026, which is 19% above its 10-year median of 0.69. GuruFocus rates BOM:539889 with a GF Score™ of 79/100 and a GF Value™ of ₹247.55 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,444 Consumer Packaged Goods companies, Parag Milk Food ranks better than 50.76% on this metric.

As of today (2026-09-01), Parag Milk Food's current share price is ₹259.05. Parag Milk Food's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹317.73. Parag Milk Food's Cyclically Adjusted PS Ratio for today is 0.82.

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

BOM:539889' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.69   Max: 1.14
Current: 0.75

During the past years, Parag Milk Food's highest Cyclically Adjusted PS Ratio was 1.14. The lowest was 0.47. And the median was 0.69.

BOM:539889's Cyclically Adjusted PS Ratio is ranked better than
50.76% of 1444 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs BOM:539889: 0.75

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.

Parag Milk Food's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹74.109. 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 ₹317.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Parag Milk Food  (BOM:539889) 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.


Parag Milk Food Cyclically Adjusted PS Ratio Related Terms


Parag Milk Food Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Parag Milk Food'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.

Parag Milk Food Cyclically Adjusted PS Ratio Chart

Parag Milk Food 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 0.69 0.49 0.58

Parag Milk Food 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 0.72 0.84 0.93 0.58 0.74

BOM:539889 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Parag Milk Food'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.


Parag Milk Food Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parag Milk Food's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Parag Milk Food's Cyclically Adjusted PS Ratio falls into.


BOM:539889
79GF Score
Parag Milk Food Ltd BOM:539889
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Parag Milk Food 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.

Parag Milk Food's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=259.05/317.73
=0.82

* 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.

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

For example, Parag Milk Food'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)
=74.109/167.3573*167.3573
=74.109

Current CPI (Jun. 2026) = 167.3573.

Parag Milk Food Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 56.515 105.961 89.261
201612 53.209 105.196 84.651
201703 50.954 105.196 81.063
201706 49.030 107.109 76.609
201709 60.177 109.021 92.377
201712 61.955 109.404 94.774
201803 61.586 109.786 93.881
201806 65.303 111.317 98.179
201809 68.227 115.142 99.167
201812 71.519 115.142 103.952
201903 60.887 118.202 86.207
201906 75.086 120.880 103.956
201909 76.148 123.175 103.462
201912 75.272 126.235 99.792
202003 59.218 124.705 79.472
202006 51.152 127.000 67.407
202009 59.242 130.118 76.197
202012 56.159 130.889 71.806
202103 45.897 131.771 58.292
202106 45.340 134.084 56.591
202109 54.462 135.847 67.095
202112 56.662 138.161 68.636
202203 51.639 138.822 62.254
202206 72.155 142.347 84.832
202209 67.698 144.661 78.319
202212 68.314 145.763 78.435
202303 56.317 146.865 64.175
202306 62.524 150.280 69.629
202309 65.589 151.492 72.458
202312 64.839 152.924 70.959
202403 57.764 153.035 63.170
202406 63.300 155.789 68.000
202409 69.800 157.882 73.989
202412 70.885 158.323 74.930
202503 73.572 157.552 78.151
202506 67.615 159.755 70.833
202509 78.826 162.289 81.288
202512 78.426 163.281 80.384
202603 73.891 164.272 75.279
202606 74.109 167.357 74.109

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 0.82 mean?
Parag Milk Food (BOM:539889) has a Cyclically Adjusted PS Ratio of 0.82 as of Sep. 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 Parag Milk Food and its competitors. This is 19% above median its historical median of 0.69. Over the past decade, Parag Milk Food's Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.14. According to the industry distribution chart, Parag Milk Food ranks #711 out of 1444 companies in the Consumer Packaged Goods industry, placing it in the top 49.2%.
Is Parag Milk Food's Cyclically Adjusted PS Ratio too high?
Parag Milk Food's current Cyclically Adjusted PS Ratio of 0.82 is 19% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.14. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Parag Milk Food's value of 0.82 is 6.5% above this industry median. Based on the distribution chart, Parag Milk Food ranks #711 out of 1444 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Parag Milk Food has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Parag Milk Food's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Parag Milk Food ranks #711 out of 1444 companies for Cyclically Adjusted PS Ratio. This puts Parag Milk Food in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Parag Milk Food's value of 0.82 is 6.5% above this benchmark. Historically, Parag Milk Food's own Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.14 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.77, Parag Milk Food 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,444 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. Parag Milk Food's current Cyclically Adjusted PS Ratio of 0.82 is 6.5% 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 Parag Milk Food and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parag Milk Food's current Cyclically Adjusted PS Ratio is 0.82, which is 19% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parag Milk Food stock overvalued right now?
Based on GuruFocus' analysis, Parag Milk Food (BOM:539889) is currently considered Fairly Valued. The stock's GF Value™ is ₹247.55, compared to a current price of ₹259.05 — trading 4.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 19% above median its 10-year median of 0.69 and 6.5% above the Consumer Packaged Goods industry median of 0.77. Parag Milk Food's 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 Parag Milk Food (BOM:539889), the current Cyclically Adjusted PS Ratio is 0.82 as of Sep. 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 Parag Milk Food (BOM:539889) Overvalued in 2026?

Based on GuruFocus' analysis, Parag Milk Food stock appears to be overvalued. The current stock price of ₹259.05 is trading 4.6% above its estimated GF Value™ of ₹247.55. GuruFocus considers Parag Milk Food to be Fairly Valued.

Key valuation signals for BOM:539889:

  • Cyclically Adjusted PS Ratio: 0.82 (19% above median its 10-year median of 0.69)
  • GF Value™: ₹247.55 vs. price of ₹259.05 (4.6% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 6.5% above the Consumer Packaged Goods median (#711 of 1444)

No single metric tells the full story. See the BOM:539889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Parag Milk Food Business Description

Other Exchanges PARAGMILK:India
Address Nariman Point, 10th Floor Nirmal Building, Mumbai, MH, IND, 400021
Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.
79GF Score

Get the complete analysis for BOM:539889

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

₹259.05
Price
₹247.55
GF Value