Hexaware Technologies (BOM:544362) Cyclically Adjusted PS Ratio: 2.43 (As of Sep. 08, 2026) — 31% Below Median

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BOM:544362 Hexaware Technologies Ltd BOM:544362
40 GF Score
Price ₹522.40
! 1 Warning Sign
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What is Hexaware Technologies Cyclically Adjusted PS Ratio?

Hexaware Technologies BOM:544362 -0.99% 40 Cyclically Adjusted PS Ratio is 2.43 as of Sep. 08, 2026, which is 31% below its 10-year median of 3.52. GuruFocus rates BOM:544362 with a GF Score™ of 40/100. The stock has 1 warning sign investors should review. Among 1,580 Software companies, Hexaware Technologies ranks worse than 60.13% on this metric.

As of today (2026-09-08), Hexaware Technologies's current share price is ₹522.40. Hexaware Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹214.66. Hexaware Technologies's Cyclically Adjusted PS Ratio for today is 2.43.

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

BOM:544362' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.01   Med: 3.52   Max: 4.57
Current: 2.46

During the past years, Hexaware Technologies's highest Cyclically Adjusted PS Ratio was 4.57. The lowest was 2.01. And the median was 3.52.

BOM:544362's Cyclically Adjusted PS Ratio is ranked worse than
60.13% of 1580 companies
in the Software industry
Industry Median: 1.675 vs BOM:544362: 2.46

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.

Hexaware Technologies's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹62.707. 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 ₹214.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexaware Technologies  (BOM:544362) 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.


Hexaware Technologies Cyclically Adjusted PS Ratio Related Terms


Hexaware Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hexaware Technologies'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.

Hexaware Technologies Cyclically Adjusted PS Ratio Chart

Hexaware Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 3.74

Hexaware Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Dec21 Dec22 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 4.36 3.34 3.74 2.04 2.40

BOM:544362 vs IBM, ACN, CTSH: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Hexaware Technologies'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.


Hexaware Technologies Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Hexaware Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:544362
40GF Score
Hexaware Technologies Ltd BOM:544362
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hexaware Technologies 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.

Hexaware Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=522.40/214.66
=2.43

* 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.

Hexaware Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hexaware Technologies'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)
=62.707/167.3573*167.3573
=62.707

Current CPI (Jun. 2026) = 167.3573.

Hexaware Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 20.248 94.103 36.010
201409 22.219 96.780 38.422
201412 23.575 96.780 40.767
201503 23.624 97.163 40.691
201506 25.379 99.841 42.541
201509 26.910 101.753 44.260
201512 26.970 102.901 43.864
201603 27.008 102.518 44.090
201606 28.578 105.961 45.137
201609 29.732 105.961 46.959
201612 30.901 105.196 49.161
201703 31.800 105.196 50.591
201706 32.780 107.109 51.219
201709 33.089 109.021 50.794
201712 33.392 109.404 51.080
201803 34.834 109.786 53.101
201806 37.601 111.317 56.531
201809 40.055 115.142 58.219
201812 41.394 115.142 60.166
201903 41.806 118.202 59.191
201906 43.308 120.880 59.960
201909 48.956 123.175 66.516
201912 50.819 126.235 67.374
202003 51.021 124.705 68.471
202006 51.875 127.000 68.359
202009 52.368 130.118 67.356
202012 51.318 130.889 65.616
202112 0.000 138.161 0.000
202212 0.000 145.763 0.000
202312 0.000 152.924 0.000
202403 45.223 153.035 49.456
202406 48.303 155.789 51.890
202409 51.398 157.882 54.483
202412 51.733 158.323 54.685
202503 51.864 157.552 55.092
202506 52.786 159.755 55.298
202509 56.366 162.289 58.126
202512 56.242 163.281 57.646
202603 58.675 164.272 59.777
202606 62.707 167.357 62.707

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 2.43 mean?
Hexaware Technologies (BOM:544362) has a Cyclically Adjusted PS Ratio of 2.43 as of Sep. 08, 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 Hexaware Technologies and its competitors. This is 31% below median its historical median of 3.52. Over the past decade, Hexaware Technologies' Cyclically Adjusted PS Ratio has ranged from 2.01 to 4.57. According to the industry distribution chart, Hexaware Technologies ranks #950 out of 1580 companies in the Software industry, placing it in the top 60.1%.
Is Hexaware Technologies' Cyclically Adjusted PS Ratio too high?
Hexaware Technologies' current Cyclically Adjusted PS Ratio of 2.43 is 31% below median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 4.57. The Software industry median Cyclically Adjusted PS Ratio is 1.68. Hexaware Technologies' value of 2.43 is 45.1% above this industry median. Based on the distribution chart, Hexaware Technologies ranks #950 out of 1580 companies in the Software industry, which is below the industry midpoint. Overall, Hexaware Technologies has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Hexaware Technologies' Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Hexaware Technologies ranks #950 out of 1580 companies for Cyclically Adjusted PS Ratio. This places Hexaware Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.68. Hexaware Technologies' value of 2.43 is 45.1% above this benchmark. Historically, Hexaware Technologies' own Cyclically Adjusted PS Ratio has ranged from 2.01 to 4.57 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 1.68, Hexaware Technologies 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.68, based on 1,580 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. Hexaware Technologies's current Cyclically Adjusted PS Ratio of 2.43 is 45.1% 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 Hexaware Technologies and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexaware Technologies's current Cyclically Adjusted PS Ratio is 2.43, which is 31% below median its own 10-year median of 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexaware Technologies stock overvalued right now?
Hexaware Technologies (BOM:544362) has a current Cyclically Adjusted PS Ratio of 2.43. The current Cyclically Adjusted PS Ratio is 2.43, which is 31% below median its 10-year median of 3.52 and 45.1% above the Software industry median of 1.68. Hexaware Technologies' overall GF Score™ is 40/100 with 1 warning sign 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 Hexaware Technologies (BOM:544362), the current Cyclically Adjusted PS Ratio is 2.43 as of Sep. 08, 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.

Hexaware Technologies Business Description

Other Exchanges HEXT:India
Address Q1, Loma Co-Developers1 Private Limited, 8th floor, 13th Level, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai, IND, 400710
Hexaware Technologies Ltd is a digital and technology services company with artificial intelligence. The segments of the company are based on the industries served: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. The firm generates key revenue from the Travel and Transportation segment. Geographically, the firm generates the majority of its revenue from the Americas.
40GF Score

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

₹522.40
Price