Max Healthcare Institute (BOM:543220) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:543220 Max Healthcare Institute Ltd BOM:543220
93 GF Score
Price ₹1,055.00
GF Value ₹1,480.57
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Max Healthcare Institute Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Max Healthcare Institute  (BOM:543220) 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.


Max Healthcare Institute Cyclically Adjusted PS Ratio Related Terms


Max Healthcare Institute Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Max Healthcare Institute'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.

Max Healthcare Institute Cyclically Adjusted PS Ratio Chart

Max Healthcare Institute 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 - - - 23.57 18.16

Max Healthcare Institute 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 27.03 23.28 21.67 18.16 20.94

BOM:543220 vs HCA, THC, EHC: Cyclically Adjusted PS Ratio Comparison

For the Medical Care Facilities subindustry, Max Healthcare Institute'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.


Max Healthcare Institute Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Max Healthcare Institute's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Max Healthcare Institute's Cyclically Adjusted PS Ratio falls into.


BOM:543220
93GF Score
Max Healthcare Institute Ltd BOM:543220
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Max Healthcare Institute 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.

Max Healthcare Institute's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Max Healthcare Institute'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)
=85.428/164.2724*164.2724
=85.428

Current CPI (Mar26) = 164.2724.

Max Healthcare Institute Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 29.722 105.196 46.413
201803 32.188 109.786 48.163
201903 0.000 118.202 0.000
202003 19.712 124.705 25.966
202103 29.054 131.771 36.220
202203 40.493 138.822 47.917
202303 46.806 146.865 52.354
202403 55.220 153.035 59.275
202503 71.690 157.552 74.748
202603 85.428 164.272 85.428

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.

Is Max Healthcare Institute (BOM:543220) Overvalued in 2026?

Based on GuruFocus' analysis, Max Healthcare Institute stock appears to be undervalued. The current stock price of ₹1,055.00 is trading 28.7% below its estimated GF Value™ of ₹1,480.57. GuruFocus considers Max Healthcare Institute to be Modestly Undervalued.

Key valuation signals for BOM:543220:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,480.57 vs. price of ₹1,055.00 (28.7% below fair value)
  • GF Score™: 93/100 with 1 warning sign

No single metric tells the full story. See the BOM:543220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Max Healthcare Institute Business Description

Other Exchanges MAXHEALTH:India
Address Capital Cyberscape, Sector-59, 2nd Floor, Gurugram, HR, IND, 122 102
Max Healthcare Institute Ltd is a health care service provider. The company's facilities include third-party healthcare providers with whom the company has entered long-term service contracts for providing clinical, radiology, and pathology services. Its hospitals provide the full range of services through its Outpatient, Day Care, Emergency Room, and In-Patient departments to accommodate medical specialties such as orthopedics, internal medicine, general surgery, cardiac sciences, oncology, neurosciences, and obstetrics, as well as diagnostics. The group derives revenue from India.
93GF Score

Get the complete analysis for BOM:543220

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

₹1,055.00
Price
₹1,480.57
GF Value