Ambuja Cements (FRA:GJA) Cyclically Adjusted PS Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:GJA Ambuja Cements Ltd FRA:GJA
65 GF Score
Price €1.82
GF Value €2.72
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Ambuja Cements Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambuja Cements  (FRA:GJA) 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.


Ambuja Cements Cyclically Adjusted PS Ratio Related Terms


Ambuja Cements Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ambuja Cements'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.

Ambuja Cements Cyclically Adjusted PS Ratio Chart

Ambuja Cements Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 3.92 3.39 2.37

Ambuja Cements Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 3.59 3.49 3.35 2.37 2.47

FRA:GJA vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Ambuja Cements'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.


Ambuja Cements Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ambuja Cements's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:GJA
65GF Score
Ambuja Cements Ltd FRA:GJA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambuja Cements 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.

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

For example, Ambuja Cements'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)
=0.348/167.3573*167.3573
=0.348

Current CPI (Jun. 2026) = 167.3573.

Ambuja Cements Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.356 105.961 0.562
201609 0.299 105.961 0.472
201612 0.344 105.196 0.547
201703 0.409 105.196 0.651
201706 0.441 107.109 0.689
201709 0.352 109.021 0.540
201712 0.409 109.404 0.626
201803 0.405 109.786 0.617
201806 0.435 111.317 0.654
201809 0.360 115.142 0.523
201812 0.421 115.142 0.612
201903 0.437 118.202 0.619
201906 0.455 120.880 0.630
201909 0.390 123.175 0.530
201912 0.418 126.235 0.554
202003 0.382 124.705 0.513
202006 0.274 127.000 0.361
202009 0.359 130.118 0.462
202012 0.395 130.889 0.505
202103 0.448 131.771 0.569
202106 0.396 134.084 0.494
202109 0.386 135.847 0.476
202112 0.426 138.161 0.516
202203 0.474 138.822 0.571
202206 0.490 142.347 0.576
202209 0.453 144.661 0.524
202212 0.421 145.763 0.483
202306 0.465 150.280 0.518
202309 0.395 151.492 0.436
202312 0.420 152.924 0.460
202403 0.411 153.035 0.449
202406 0.378 155.789 0.406
202409 0.319 157.882 0.338
202412 0.392 158.323 0.414
202503 0.429 157.552 0.456
202506 0.420 159.755 0.440
202509 0.357 162.289 0.368
202512 0.389 163.281 0.399
202603 0.409 164.272 0.417
202606 0.348 167.357 0.348

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 Ambuja Cements (FRA:GJA) Overvalued in 2026?

Based on GuruFocus' analysis, Ambuja Cements stock appears to be undervalued. The current stock price of €1.82 is trading 33.1% below its estimated GF Value™ of €2.72. GuruFocus considers Ambuja Cements to be Significantly Undervalued.

Key valuation signals for FRA:GJA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.72 vs. price of €1.82 (33.1% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Ambuja Cements Business Description

Other Exchanges AMBUJACEM:India500425:India
Address Shantigram, S.G. Highway, Adani Corporate House, Near Vaishno Devi Circle, Khodiyar, Ahemdabad, GJ, IND, 382421
Ambuja Cements Ltd is engaged in the manufacture and sale of cement, intermediary products, and cement-related products. The Company operates multiple cement manufacturing plants located at various locations and markets cement and cement-related products. Its product portfolio includes Ambuja Kawach, Ambuja Plus, Ambuja Compocem, Ambuja Cement, Ambuja Cool Walls, Purasand for Concrete & Plaster, and others. The Company generates revenue from within India.
65GF Score

Get the complete analysis for FRA:GJA

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

€1.82
Price
€2.72
GF Value