KPI Green Energy (BOM:542323) Cyclically Adjusted PS Ratio: 8.22 (As of Sep. 05, 2026) — 41% 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:542323 KPI Green Energy Ltd BOM:542323
85 GF Score
Price ₹307.00
GF Value ₹746.08
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is KPI Green Energy Cyclically Adjusted PS Ratio?

KPI Green Energy BOM:542323 +1.15% 85 Cyclically Adjusted PS Ratio is 8.22 as of Sep. 05, 2026, which is 41% below its 10-year median of 13.95. GuruFocus rates BOM:542323 with a GF Score™ of 85/100 and a GF Value™ of ₹746.08 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 272 Utilities - Independent Power Producers companies, KPI Green Energy ranks worse than 90.07% on this metric.

As of today (2026-09-05), KPI Green Energy's current share price is ₹307.00. KPI Green Energy's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹37.35. KPI Green Energy's Cyclically Adjusted PS Ratio for today is 8.22.

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

BOM:542323' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.42   Med: 13.95   Max: 22.55
Current: 8.42

During the past 11 years, KPI Green Energy's highest Cyclically Adjusted PS Ratio was 22.55. The lowest was 8.42. And the median was 13.95.

BOM:542323's Cyclically Adjusted PS Ratio is ranked worse than
90.07% of 272 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.635 vs BOM:542323: 8.42

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.

KPI Green Energy's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹136.117. 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 ₹37.35 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


KPI Green Energy  (BOM:542323) 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.


KPI Green Energy Cyclically Adjusted PS Ratio Related Terms


KPI Green Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KPI Green Energy'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.

KPI Green Energy Cyclically Adjusted PS Ratio Chart

KPI Green Energy 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 17.76 9.41

KPI Green Energy 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 0.00 0.00 9.41 0.00

KPI Green Energy Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, KPI Green Energy'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.


KPI Green Energy Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, KPI Green Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where KPI Green Energy's Cyclically Adjusted PS Ratio falls into.


BOM:542323
85GF Score
KPI Green Energy Ltd BOM:542323
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KPI Green Energy 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.

KPI Green Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=307.00/37.35
=8.22

* 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.

KPI Green Energy's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, KPI Green Energy'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)
=136.117/164.2724*164.2724
=136.117

Current CPI (Mar26) = 164.2724.

KPI Green Energy Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 1.584 105.196 2.474
201803 2.708 109.786 4.052
201903 2.737 118.202 3.804
202003 3.646 124.705 4.803
202103 6.365 131.771 7.935
202203 14.141 138.822 16.734
202303 38.165 146.865 42.689
202403 59.449 153.035 63.815
202503 87.376 157.552 91.103
202603 136.117 164.272 136.117

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 8.22 mean?
KPI Green Energy (BOM:542323) has a Cyclically Adjusted PS Ratio of 8.22 as of Sep. 05, 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 KPI Green Energy and its competitors. This is 41% below median its historical median of 13.95. Over the past decade, KPI Green Energy's Cyclically Adjusted PS Ratio has ranged from 8.42 to 22.55. According to the industry distribution chart, KPI Green Energy ranks #245 out of 272 companies in the Utilities - Independent Power Producers industry, placing it in the top 90.1%.
Is KPI Green Energy's Cyclically Adjusted PS Ratio too high?
KPI Green Energy's current Cyclically Adjusted PS Ratio of 8.22 is 41% below median its 10-year median of 13.95. Over the past 10 years, this metric has ranged from a low of 8.42 to a high of 22.55. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.64. KPI Green Energy's value of 8.22 is 402.8% above this industry median. Based on the distribution chart, KPI Green Energy ranks #245 out of 272 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, KPI Green Energy has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KPI Green Energy's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, KPI Green Energy ranks #245 out of 272 companies for Cyclically Adjusted PS Ratio. This places KPI Green Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.64. KPI Green Energy's value of 8.22 is 402.8% above this benchmark. Historically, KPI Green Energy's own Cyclically Adjusted PS Ratio has ranged from 8.42 to 22.55 over the past decade. While the company's 10-year median is 13.95 vs. the industry median of 1.64, KPI Green Energy 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.64, based on 272 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. KPI Green Energy's current Cyclically Adjusted PS Ratio of 8.22 is 402.8% 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 KPI Green Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KPI Green Energy's current Cyclically Adjusted PS Ratio is 8.22, which is 41% below median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KPI Green Energy stock overvalued right now?
Based on GuruFocus' analysis, KPI Green Energy (BOM:542323) is currently considered Possible Value Trap. The stock's GF Value™ is ₹746.08, compared to a current price of ₹307.00 — trading 58.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.22, which is 41% below median its 10-year median of 13.95 and 402.8% above the Utilities - Independent Power Producers industry median of 1.64. KPI Green Energy's overall GF Score™ is 85/100 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 KPI Green Energy (BOM:542323), the current Cyclically Adjusted PS Ratio is 8.22 as of Sep. 05, 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 KPI Green Energy (BOM:542323) Overvalued in 2026?

Based on GuruFocus' analysis, KPI Green Energy stock appears to be undervalued. The current stock price of ₹307.00 is trading 58.9% below its estimated GF Value™ of ₹746.08. GuruFocus considers KPI Green Energy to be Possible Value Trap.

Key valuation signals for BOM:542323:

  • Cyclically Adjusted PS Ratio: 8.22 (41% below median its 10-year median of 13.95)
  • GF Value™: ₹746.08 vs. price of ₹307.00 (58.9% below fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 402.8% above the Utilities - Independent Power Producers median (#245 of 272)

No single metric tells the full story. See the BOM:542323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KPI Green Energy Business Description

Other Exchanges KPIGREEN:India
Address Canal Road, Bhatar Road, KP House, Near KP Circle, Opposite Ishwar Farm Junction BRT, Surat, GJ, IND, 395017
KPI Green Energy Ltd Ltd is a solar power generating company. The company develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name Solarism. Its operating segment includes the Sale of Power and Power Plants; and the Sale of Plots. The company generates maximum revenue from the Sale of Power and Solar Power Plants segment. Geographically, it operates only in India.
85GF Score

Get the complete analysis for BOM:542323

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

₹307.00
Price
₹746.08
GF Value