Ratnabhumi Developers (BOM:540796) Cyclically Adjusted PS Ratio: 7.86 (As of Aug. 15, 2026) — 75% Below 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:540796 Ratnabhumi Developers Ltd BOM:540796
61 GF Score
Price ₹174.00
! 8 Warning Signs
View Full Analysis

What is Ratnabhumi Developers Cyclically Adjusted PS Ratio?

Ratnabhumi Developers BOM:540796 61 Cyclically Adjusted PS Ratio is 7.86 as of Aug. 15, 2026, which is 75% below its 10-year median of 31.54. GuruFocus rates BOM:540796 with a GF Score™ of 61/100. The stock has 8 warning signs investors should review. Among 1,368 Real Estate companies, Ratnabhumi Developers ranks worse than 86.55% on this metric.

As of today (2026-08-15), Ratnabhumi Developers's current share price is ₹174.00. Ratnabhumi Developers's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹22.15. Ratnabhumi Developers's Cyclically Adjusted PS Ratio for today is 7.86.

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

BOM:540796' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.04   Med: 31.54   Max: 59.88
Current: 7.86

During the past 13 years, Ratnabhumi Developers's highest Cyclically Adjusted PS Ratio was 59.88. The lowest was 5.04. And the median was 31.54.

BOM:540796's Cyclically Adjusted PS Ratio is ranked worse than
86.55% of 1368 companies
in the Real Estate industry
Industry Median: 1.79 vs BOM:540796: 7.86

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.

Ratnabhumi Developers's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹43.275. 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 ₹22.15 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ratnabhumi Developers  (BOM:540796) 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.


Ratnabhumi Developers Cyclically Adjusted PS Ratio Related Terms


Ratnabhumi Developers Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ratnabhumi Developers'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.

Ratnabhumi Developers Cyclically Adjusted PS Ratio Chart

Ratnabhumi Developers 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 30.97 40.01 43.48 6.39 10.84

Ratnabhumi Developers 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 6.39 0.00 0.00 0.00 10.84

Ratnabhumi Developers Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ratnabhumi Developers'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.


Ratnabhumi Developers Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ratnabhumi Developers's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:540796
61GF Score
Ratnabhumi Developers Ltd BOM:540796
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ratnabhumi Developers 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.

Ratnabhumi Developers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=174.00/22.15
=7.86

* 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.

Ratnabhumi Developers's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Ratnabhumi Developers's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=43.275/164.2724*164.2724
=43.275

Current CPI (Mar26) = 164.2724.

Ratnabhumi Developers Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 6.717 105.196 10.489
201803 0.268 109.786 0.401
201903 0.835 118.202 1.160
202003 0.700 124.705 0.922
202103 2.943 131.771 3.669
202203 0.116 138.822 0.137
202303 0.145 146.865 0.162
202403 0.161 153.035 0.173
202503 154.518 157.552 161.109
202603 43.275 164.272 43.275

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 7.86 mean?
Ratnabhumi Developers (BOM:540796) has a Cyclically Adjusted PS Ratio of 7.86 as of Aug. 15, 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 Ratnabhumi Developers and its competitors. This is 75% below median its historical median of 31.54. Over the past decade, Ratnabhumi Developers' Cyclically Adjusted PS Ratio has ranged from 5.04 to 59.88. According to the industry distribution chart, Ratnabhumi Developers ranks #1184 out of 1368 companies in the Real Estate industry, placing it in the top 86.5%.
Is Ratnabhumi Developers' Cyclically Adjusted PS Ratio too high?
Ratnabhumi Developers' current Cyclically Adjusted PS Ratio of 7.86 is 75% below median its 10-year median of 31.54. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 59.88. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.79. Ratnabhumi Developers' value of 7.86 is 339.1% above this industry median. Based on the distribution chart, Ratnabhumi Developers ranks #1184 out of 1368 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Ratnabhumi Developers has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Ratnabhumi Developers' Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ratnabhumi Developers ranks #1184 out of 1368 companies for Cyclically Adjusted PS Ratio. This places Ratnabhumi Developers in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.79. Ratnabhumi Developers' value of 7.86 is 339.1% above this benchmark. Historically, Ratnabhumi Developers' own Cyclically Adjusted PS Ratio has ranged from 5.04 to 59.88 over the past decade. While the company's 10-year median is 31.54 vs. the industry median of 1.79, Ratnabhumi Developers 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.79, based on 1,368 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. Ratnabhumi Developers's current Cyclically Adjusted PS Ratio of 7.86 is 339.1% 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 Ratnabhumi Developers and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnabhumi Developers's current Cyclically Adjusted PS Ratio is 7.86, which is 75% below median its own 10-year median of 31.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnabhumi Developers stock overvalued right now?
Ratnabhumi Developers (BOM:540796) has a current Cyclically Adjusted PS Ratio of 7.86. The current Cyclically Adjusted PS Ratio is 7.86, which is 75% below median its 10-year median of 31.54 and 339.1% above the Real Estate industry median of 1.79. Ratnabhumi Developers' overall GF Score™ is 61/100 with 8 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 Ratnabhumi Developers (BOM:540796), the current Cyclically Adjusted PS Ratio is 7.86 as of Aug. 15, 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.

Ratnabhumi Developers Business Description

Address Ambli - Bopal Road, Ratna Corporate House, Near Santoor Bungalows, Ambli Daskroi, Opposite Lane of Parswa Laxuria, Ahmedabad, GJ, IND, 380058
Ratnabhumi Developers Ltd is involved in the business of construction of buildings and other construction-related services, and renting services. It deals with various activities related to real estate development, such as land acquisition, authority liaison, planned development, identification of project types and locations, as well as construction development and maintenance of projects commissioned under residential, commercial, retail, plotting, or industrial segments.
61GF Score

Get the complete analysis for BOM:540796

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

₹174.00
Price