Apex Capital & Finance (BOM:541133) Cyclically Adjusted PS Ratio: 4.62 (As of Sep. 15, 2026) — 20% 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.

What is Apex Capital & Finance Cyclically Adjusted PS Ratio?

Apex Capital & Finance BOM:541133 Cyclically Adjusted PS Ratio is 4.62 as of Sep. 15, 2026, which is 20% below its 10-year median of 5.74. The stock has 2 warning signs investors should review.

As of today (2026-09-15), Apex Capital & Finance's current share price is ₹45.60. Apex Capital & Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹9.86. Apex Capital & Finance's Cyclically Adjusted PS Ratio for today is 4.62.

The historical rank and industry rank for Apex Capital & Finance's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:541133' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.62   Med: 5.74   Max: 6.36
Current: 4.63

During the past years, Apex Capital & Finance's highest Cyclically Adjusted PS Ratio was 6.36. The lowest was 4.62. And the median was 5.74.

BOM:541133's Cyclically Adjusted PS Ratio is not ranked
in the Credit Services industry.
Industry Median: 2.965 vs BOM:541133: 4.63

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.

Apex Capital & Finance's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹1.818. 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 ₹9.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apex Capital & Finance  (BOM:541133) 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.


Apex Capital & Finance Cyclically Adjusted PS Ratio Related Terms


Apex Capital & Finance Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apex Capital & Finance'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.

Apex Capital & Finance Cyclically Adjusted PS Ratio Chart

Apex Capital & Finance 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 6.25 5.73 4.80

Apex Capital & Finance 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 5.49 5.24 5.01 4.80 4.63

BOM:541133 vs : Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Apex Capital & Finance'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.


Apex Capital & Finance Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Apex Capital & Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Apex Capital & Finance's Cyclically Adjusted PS Ratio falls into.



Apex Capital & Finance 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.

Apex Capital & Finance's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.60/9.86
=4.62

* 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.

Apex Capital & Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Apex Capital & Finance'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)
=1.818/167.3573*167.3573
=1.818

Current CPI (Jun. 2026) = 167.3573.

Apex Capital & Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.017 105.961 0.027
201612 0.017 105.196 0.027
201703 2.006 105.196 3.191
201706 0.017 107.109 0.027
201709 0.017 109.021 0.026
201712 0.018 109.404 0.028
201803 2.838 109.786 4.326
201806 0.709 111.317 1.066
201809 0.738 115.142 1.073
201812 1.216 115.142 1.767
201903 1.486 118.202 2.104
201906 2.914 120.880 4.034
201909 2.982 123.175 4.052
201912 2.900 126.235 3.845
202003 2.644 124.705 3.548
202006 2.088 127.000 2.752
202009 2.072 130.118 2.665
202012 2.154 130.889 2.754
202103 2.213 131.771 2.811
202106 2.132 134.084 2.661
202109 2.118 135.847 2.609
202112 2.069 138.161 2.506
202203 2.099 138.822 2.530
202206 2.083 142.347 2.449
202209 2.032 144.661 2.351
202212 1.967 145.763 2.258
202303 2.526 146.865 2.878
202306 1.999 150.280 2.226
202309 2.022 151.492 2.234
202312 10.368 152.924 11.347
202403 2.996 153.035 3.276
202406 0.806 155.789 0.866
202409 0.928 157.882 0.984
202412 0.875 158.323 0.925
202503 1.990 157.552 2.114
202506 2.513 159.755 2.633
202509 2.589 162.289 2.670
202512 3.496 163.281 3.583
202603 3.457 164.272 3.522
202606 1.818 167.357 1.818

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 4.62 mean?
Apex Capital & Finance (BOM:541133) has a Cyclically Adjusted PS Ratio of 4.62 as of Sep. 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 Apex Capital & Finance and its competitors. This is 20% below median its historical median of 5.74. Over the past decade, Apex Capital & Finance's Cyclically Adjusted PS Ratio has ranged from 4.62 to 6.36.
Is Apex Capital & Finance's Cyclically Adjusted PS Ratio too high?
Apex Capital & Finance's current Cyclically Adjusted PS Ratio of 4.62 is 20% below median its 10-year median of 5.74. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 6.36. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.97. Apex Capital & Finance's value of 4.62 is 55.8% above this industry median.
How does Apex Capital & Finance's Cyclically Adjusted PS Ratio compare to ?
Apex Capital & Finance's Cyclically Adjusted PS Ratio of 4.62 can be compared against companies in the Credit Services industry. The industry median Cyclically Adjusted PS Ratio is 2.97. Apex Capital & Finance's value of 4.62 is 55.8% above this benchmark. Historically, Apex Capital & Finance's own Cyclically Adjusted PS Ratio has ranged from 4.62 to 6.36 over the past decade. While the company's 10-year median is 5.74 vs. the industry median of 2.97, Apex Capital & Finance 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 2.97, based on 420 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. Apex Capital & Finance's current Cyclically Adjusted PS Ratio of 4.62 is 55.8% 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 Apex Capital & Finance and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex Capital & Finance's current Cyclically Adjusted PS Ratio is 4.62, which is 20% below median its own 10-year median of 5.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Capital & Finance stock overvalued right now?
Apex Capital & Finance (BOM:541133) has a current Cyclically Adjusted PS Ratio of 4.62. The stock's GF Value™ is ₹54.11, compared to a current price of ₹45.60 — trading 15.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.62, which is 20% below median its 10-year median of 5.74 and 55.8% above the Credit Services industry median of 2.97. 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 Apex Capital & Finance (BOM:541133), the current Cyclically Adjusted PS Ratio is 4.62 as of Sep. 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.

Apex Capital & Finance Business Description

Comparable Companies
Address L-3, Green Park Extension, New Delhi, IND, 110016
Apex Capital & Finance Ltd is a Non-Deposit Accepting Non-Banking Finance Company. The main business of the Company is lending/advancing of short-term and / long-term finance to any individual, firm, company, bodies corporate, corporation, society, etc., whether at interest or without interest and with or without security. It operates in India, which is considered a single geographical segment. The Company is engaged in a single segment of finance/lending.