Indus Holding AG (CHIX:INHD) Cyclically Adjusted PS Ratio: 0.32 (As of Jul. 21, 2026) — 22% Below Median

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CHIX:INHD Indus Holding AG CHIX:INHD
69 GF Score
Price €26.13
GF Value €23.74
Valuation Fairly Valued
! 3 Warning Signs
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What is Indus Holding AG Cyclically Adjusted PS Ratio?

Indus Holding AG CHIX:INHD 69 Cyclically Adjusted PS Ratio is 0.32 as of Jul. 21, 2026, which is 22% below its 10-year median of 0.41. GuruFocus rates CHIX:INHD with a GF Score™ of 69/100 and a GF Value™ of €23.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 471 Conglomerates companies, Indus Holding AG ranks better than 70.7% on this metric.

As of today (2026-07-21), Indus Holding AG's current share price is €26.125. Indus Holding AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €81.52. Indus Holding AG's Cyclically Adjusted PS Ratio for today is 0.32.

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

CHIX:INHd' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.41   Max: 1.13
Current: 0.36

During the past years, Indus Holding AG's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.25. And the median was 0.41.

CHIX:INHd's Cyclically Adjusted PS Ratio is ranked better than
70.7% of 471 companies
in the Conglomerates industry
Industry Median: 0.75 vs CHIX:INHd: 0.36

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.

Indus Holding AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €17.739. 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 €81.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indus Holding AG  (CHIX:INHd) 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.


Indus Holding AG Cyclically Adjusted PS Ratio Related Terms


Indus Holding AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Indus Holding AG'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.

Indus Holding AG Cyclically Adjusted PS Ratio Chart

Indus Holding AG 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 0.50 0.31 0.30 0.27 0.37

Indus Holding AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.32 0.30 0.28 0.37 0.34

CHIX:INHD vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Indus Holding AG'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.


Indus Holding AG Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Indus Holding AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Indus Holding AG's Cyclically Adjusted PS Ratio falls into.


CHIX:INHD
69GF Score
Indus Holding AG CHIX:INHD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indus Holding AG 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.

Indus Holding AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.125/81.52
=0.32

* 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.

Indus Holding AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Indus Holding AG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.739/131.2583*131.2583
=17.739

Current CPI (Mar. 2026) = 131.2583.

Indus Holding AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.718 100.717 20.484
201609 14.605 101.017 18.977
201612 15.085 101.217 19.562
201703 15.581 101.417 20.166
201706 17.295 102.117 22.231
201709 17.078 102.717 21.823
201712 17.161 102.617 21.951
201803 16.693 102.917 21.290
201806 17.811 104.017 22.476
201809 17.539 104.718 21.984
201812 17.827 104.217 22.453
201903 17.899 104.217 22.543
201906 18.061 105.718 22.424
201909 17.686 106.018 21.897
201912 17.588 105.818 21.817
202003 16.410 105.718 20.375
202006 15.270 106.618 18.799
202009 16.104 105.818 19.976
202012 12.334 105.518 15.343
202103 16.268 107.518 19.860
202106 16.649 108.486 20.144
202109 16.571 109.435 19.876
202112 12.531 110.384 14.901
202203 15.484 113.968 17.833
202206 17.426 115.760 19.759
202209 17.089 118.818 18.878
202212 17.066 119.345 18.770
202303 16.761 122.402 17.974
202306 16.723 123.140 17.825
202309 16.953 124.195 17.917
202312 16.309 123.773 17.295
202403 15.380 125.038 16.145
202406 16.573 125.882 17.281
202409 17.183 126.198 17.872
202412 17.191 127.041 17.762
202503 16.134 127.779 16.573
202506 17.707 128.412 18.100
202509 17.520 129.255 17.792
202512 18.532 129.361 18.804
202603 17.739 131.258 17.739

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 0.32 mean?
Indus Holding AG (CHIX:INHD) has a Cyclically Adjusted PS Ratio of 0.32 as of Jul. 21, 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 Indus Holding AG and its competitors. This is 22% below median its historical median of 0.41. Over the past decade, Indus Holding AG's Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.13. According to the industry distribution chart, Indus Holding AG ranks #138 out of 471 companies in the Conglomerates industry, placing it in the top 29.3%.
Is Indus Holding AG's Cyclically Adjusted PS Ratio too high?
Indus Holding AG's current Cyclically Adjusted PS Ratio of 0.32 is 22% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.13. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.75. Indus Holding AG's value of 0.32 is 57.3% below this industry median. Based on the distribution chart, Indus Holding AG ranks #138 out of 471 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Indus Holding AG has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Holding AG's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Indus Holding AG ranks #138 out of 471 companies for Cyclically Adjusted PS Ratio. This puts Indus Holding AG in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Indus Holding AG's value of 0.32 is 57.3% below this benchmark. Historically, Indus Holding AG's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.13 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.75, Indus Holding AG has consistently been below 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.75, based on 471 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. Indus Holding AG's current Cyclically Adjusted PS Ratio of 0.32 is 57.3% below 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 Indus Holding AG and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Holding AG's current Cyclically Adjusted PS Ratio is 0.32, which is 22% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Indus Holding AG (CHIX:INHD) is currently considered Fairly Valued. The stock's GF Value™ is €23.74, compared to a current price of €26.13 — trading 10% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.32, which is 22% below median its 10-year median of 0.41 and 57.3% below the Conglomerates industry median of 0.75. Indus Holding AG's overall GF Score™ is 69/100 with 3 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 Indus Holding AG (CHIX:INHD), the current Cyclically Adjusted PS Ratio is 0.32 as of Jul. 21, 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 Indus Holding AG (CHIX:INHD) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Holding AG stock appears to be overvalued. The current stock price of €26.13 is trading 10% above its estimated GF Value™ of €23.74. GuruFocus considers Indus Holding AG to be Fairly Valued.

Key valuation signals for CHIX:INHD:

  • Cyclically Adjusted PS Ratio: 0.32 (22% below median its 10-year median of 0.41)
  • GF Value™: €23.74 vs. price of €26.13 (10% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 57.3% below the Conglomerates median (#138 of 471)

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


Indus Holding AG Business Description

Address Kolner Strasse 32, Bergisch Gladbach, NW, DEU, 51429
Indus Holding AG is a holding company investing in small and midsize enterprises in German-speaking regions. The company has three segments namely: Engineering, Infrastructure and Materials Solutions. It derives maximum revenue from Materials Solutions Segment.
69GF Score

Get the complete analysis for CHIX:INHD

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

€26.13
Price
€23.74
GF Value