India Capital Growth FundCHIX:IGCL 41 Cyclically Adjusted PS Ratio is 12.21 as of Jul. 12, 2026, which is 12% above its 10-year median of 10.93. GuruFocus rates CHIX:IGCL with a GF Score™ of 41/100 and a GF Value™ of £1.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 903 Asset Management companies, India Capital Growth Fund ranks worse than 70.43% on this metric.
The historical rank and industry rank for India Capital Growth Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:
CHIX:IGCL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.53 Med: 10.93 Max: 58.25
Current: 11.96
During the past 13 years, India Capital Growth Fund's highest Cyclically Adjusted PS Ratio was 58.25. The lowest was 6.53. And the median was 10.93.
CHIX:IGCL's Cyclically Adjusted PS Ratio is ranked worse than 70.43% of 903
companies
in the Asset Management industry
Industry Median: 7.61
vs CHIX:IGCL: 11.96
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.
India Capital Growth Fund's adjusted revenue per share data of for the fiscal year that ended in Dec25 was £-0.229. 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 £0.14 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
India Capital Growth Fund (CHIX:IGCL) 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.
India Capital Growth Fund Cyclically Adjusted PS Ratio Related Terms
India Capital Growth Fund Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for India Capital Growth Fund'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.
India Capital Growth Fund Cyclically Adjusted PS Ratio Chart
CHIX:IGCL vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, India Capital Growth Fund'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.
India Capital Growth Fund Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, India Capital Growth Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where India Capital Growth Fund's Cyclically Adjusted PS Ratio falls into.
India Capital Growth Fund 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.
* 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.
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 12.21 mean?
India Capital Growth Fund (CHIX:IGCL) has a Cyclically Adjusted PS Ratio of 12.21 as of Jul. 12, 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 India Capital Growth Fund and its competitors. This is 12% above median its historical median of 10.93. Over the past decade, India Capital Growth Fund's Cyclically Adjusted PS Ratio has ranged from 6.53 to 58.25. According to the industry distribution chart, India Capital Growth Fund ranks #636 out of 903 companies in the Asset Management industry, placing it in the top 70.4%.
Is India Capital Growth Fund's Cyclically Adjusted PS Ratio too high?
India Capital Growth Fund's current Cyclically Adjusted PS Ratio of 12.21 is 12% above median its 10-year median of 10.93. Over the past 10 years, this metric has ranged from a low of 6.53 to a high of 58.25. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.61. India Capital Growth Fund's value of 12.21 is 60.4% above this industry median. Based on the distribution chart, India Capital Growth Fund ranks #636 out of 903 companies in the Asset Management industry, which is below the industry midpoint. Overall, India Capital Growth Fund has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Capital Growth Fund's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, India Capital Growth Fund ranks #636 out of 903 companies for Cyclically Adjusted PS Ratio. This places India Capital Growth Fund in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.61. India Capital Growth Fund's value of 12.21 is 60.4% above this benchmark. Historically, India Capital Growth Fund's own Cyclically Adjusted PS Ratio has ranged from 6.53 to 58.25 over the past decade. While the company's 10-year median is 10.93 vs. the industry median of 7.61, India Capital Growth Fund 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.61, based on 903 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. India Capital Growth Fund's current Cyclically Adjusted PS Ratio of 12.21 is 60.4% 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 India Capital Growth Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Capital Growth Fund's current Cyclically Adjusted PS Ratio is 12.21, which is 12% above median its own 10-year median of 10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Capital Growth Fund stock overvalued right now?
Based on GuruFocus' analysis, India Capital Growth Fund (CHIX:IGCL) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.21, compared to a current price of £1.71 — trading 41.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 12.21, which is 12% above median its 10-year median of 10.93 and 60.4% above the Asset Management industry median of 7.61. India Capital Growth Fund's overall GF Score™ is 41/100 with 2 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 India Capital Growth Fund (CHIX:IGCL), the current Cyclically Adjusted PS Ratio is 12.21 as of Jul. 12, 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 India Capital Growth Fund (CHIX:IGCL) Overvalued in 2026?
Based on GuruFocus' analysis, India Capital Growth Fund stock appears to be overvalued.
The current stock price of £1.71 is trading 41.3% above its estimated GF Value™ of £1.21.
GuruFocus considers India Capital Growth Fund to be Significantly Overvalued.
Key valuation signals for CHIX:IGCL:
Cyclically Adjusted PS Ratio: 12.21 (12% above median its 10-year median of 10.93)
GF Value™: £1.21 vs. price of £1.71 (41.3% above fair value)
Industry Position: 60.4% above the Asset Management median (#636 of 903)
No single metric tells the full story. See the CHIX:IGCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Capital Growth Fund Ltd is a closed-ended investment company. The company's investment objective is to provide long-term capital appreciation by investing in companies based in India. Its investment policy permits the company to make investments in a range of Indian equity and equity-linked securities, and predominantly in listed mid and small-cap Indian companies, with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India that have key operations or markets in India. The company's activities are focused on two areas, namely Mauritius and India.
41GF Score
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