Marg Techno Projects (BOM:540254) Cyclically Adjusted PS Ratio: 6.20 (As of Aug. 18, 2026) — 17% Above Median

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BOM:540254 Marg Techno Projects Ltd BOM:540254
68 GF Score
Price ₹15.68
GF Value ₹10.55
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Marg Techno Projects Cyclically Adjusted PS Ratio?

Marg Techno Projects BOM:540254 -2.00% 68 Cyclically Adjusted PS Ratio is 6.20 as of Aug. 18, 2026, which is 17% above its 10-year median of 5.28. GuruFocus rates BOM:540254 with a GF Score™ of 68/100 and a GF Value™ of ₹10.55 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 423 Credit Services companies, Marg Techno Projects ranks worse than 72.81% on this metric.

As of today (2026-08-18), Marg Techno Projects's current share price is ₹15.68. Marg Techno Projects's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹2.53. Marg Techno Projects's Cyclically Adjusted PS Ratio for today is 6.20.

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

BOM:540254' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.03   Med: 5.28   Max: 9.73
Current: 6.32

During the past years, Marg Techno Projects's highest Cyclically Adjusted PS Ratio was 9.73. The lowest was 2.03. And the median was 5.28.

BOM:540254's Cyclically Adjusted PS Ratio is ranked worse than
72.81% of 423 companies
in the Credit Services industry
Industry Median: 2.99 vs BOM:540254: 6.32

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.

Marg Techno Projects's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹2.049. 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 ₹2.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marg Techno Projects  (BOM:540254) 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.


Marg Techno Projects Cyclically Adjusted PS Ratio Related Terms


Marg Techno Projects Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marg Techno Projects'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.

Marg Techno Projects Cyclically Adjusted PS Ratio Chart

Marg Techno Projects 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 3.64 2.04 6.64 6.74 3.28

Marg Techno Projects 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 6.74 7.05 9.17 7.62 3.28

BOM:540254 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Marg Techno Projects'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.


Marg Techno Projects Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Marg Techno Projects's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Marg Techno Projects's Cyclically Adjusted PS Ratio falls into.


BOM:540254
68GF Score
Marg Techno Projects Ltd BOM:540254
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marg Techno Projects 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.

Marg Techno Projects's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.68/2.53
=6.20

* 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.

Marg Techno Projects's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Marg Techno Projects'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)
=2.049/164.2724*164.2724
=2.049

Current CPI (Mar. 2026) = 164.2724.

Marg Techno Projects Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.017 105.961 0.026
201609 0.026 105.961 0.040
201612 0.064 105.196 0.100
201703 0.171 105.196 0.267
201706 0.107 107.109 0.164
201709 0.101 109.021 0.152
201712 0.106 109.404 0.159
201803 0.113 109.786 0.169
201806 0.110 111.317 0.162
201809 0.069 115.142 0.098
201812 0.147 115.142 0.210
201903 0.186 118.202 0.258
201906 0.230 120.880 0.313
201909 0.103 123.175 0.137
201912 0.343 126.235 0.446
202003 0.190 124.705 0.250
202006 0.329 127.000 0.426
202009 0.551 130.118 0.696
202012 0.622 130.889 0.781
202103 0.993 131.771 1.238
202106 0.943 134.084 1.155
202109 1.170 135.847 1.415
202112 0.909 138.161 1.081
202203 0.689 138.822 0.815
202206 0.821 142.347 0.947
202209 0.913 144.661 1.037
202212 0.895 145.763 1.009
202303 0.923 146.865 1.032
202306 0.847 150.280 0.926
202309 0.937 151.492 1.016
202312 0.974 152.924 1.046
202403 0.804 153.035 0.863
202406 0.694 155.789 0.732
202409 0.674 157.882 0.701
202412 0.582 158.323 0.604
202503 1.038 157.552 1.082
202506 0.548 159.755 0.563
202509 0.629 162.289 0.637
202512 0.513 163.281 0.516
202603 2.049 164.272 2.049

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 6.20 mean?
Marg Techno Projects (BOM:540254) has a Cyclically Adjusted PS Ratio of 6.20 as of Aug. 18, 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 Marg Techno Projects and its competitors. This is 17% above median its historical median of 5.28. Over the past decade, Marg Techno Projects' Cyclically Adjusted PS Ratio has ranged from 2.03 to 9.73. According to the industry distribution chart, Marg Techno Projects ranks #308 out of 423 companies in the Credit Services industry, placing it in the top 72.8%.
Is Marg Techno Projects' Cyclically Adjusted PS Ratio too high?
Marg Techno Projects' current Cyclically Adjusted PS Ratio of 6.20 is 17% above median its 10-year median of 5.28. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 9.73. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.99. Marg Techno Projects' value of 6.20 is 107.4% above this industry median. Based on the distribution chart, Marg Techno Projects ranks #308 out of 423 companies in the Credit Services industry, which is below the industry midpoint. Overall, Marg Techno Projects has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marg Techno Projects' Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Marg Techno Projects ranks #308 out of 423 companies for Cyclically Adjusted PS Ratio. This places Marg Techno Projects in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.99. Marg Techno Projects' value of 6.20 is 107.4% above this benchmark. Historically, Marg Techno Projects' own Cyclically Adjusted PS Ratio has ranged from 2.03 to 9.73 over the past decade. While the company's 10-year median is 5.28 vs. the industry median of 2.99, Marg Techno Projects 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 2.99, based on 423 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. Marg Techno Projects's current Cyclically Adjusted PS Ratio of 6.20 is 107.4% 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 Marg Techno Projects and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marg Techno Projects's current Cyclically Adjusted PS Ratio is 6.20, which is 17% above median its own 10-year median of 5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marg Techno Projects stock overvalued right now?
Based on GuruFocus' analysis, Marg Techno Projects (BOM:540254) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10.55, compared to a current price of ₹15.68 — trading 48.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.20, which is 17% above median its 10-year median of 5.28 and 107.4% above the Credit Services industry median of 2.99. Marg Techno Projects' overall GF Score™ is 68/100 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 Marg Techno Projects (BOM:540254), the current Cyclically Adjusted PS Ratio is 6.20 as of Aug. 18, 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 Marg Techno Projects (BOM:540254) Overvalued in 2026?

Based on GuruFocus' analysis, Marg Techno Projects stock appears to be overvalued. The current stock price of ₹15.68 is trading 48.6% above its estimated GF Value™ of ₹10.55. GuruFocus considers Marg Techno Projects to be Significantly Overvalued.

Key valuation signals for BOM:540254:

  • Cyclically Adjusted PS Ratio: 6.20 (17% above median its 10-year median of 5.28)
  • GF Value™: ₹10.55 vs. price of ₹15.68 (48.6% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 107.4% above the Credit Services median (#308 of 423)

No single metric tells the full story. See the BOM:540254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marg Techno Projects Business Description

Address 1206, Royal Trade Center, Opposite Star Bazar, Adajan, Surat, GJ, IND, 395009
Marg Techno Projects Ltd operates as a non-banking financial company, focusing on providing a range of financial services including personal loans, gold loans, asset leasing, and venture finance. The company serves individuals and businesses prominently in India, offering tailored financial solutions to meet liquidity needs. It also developed digital platforms for online and doorstep gold loan processing. Revenue is generated from interest income and fees associated with its lending and financial services.
68GF Score

Get the complete analysis for BOM:540254

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

₹15.68
Price
₹10.55
GF Value