GRSXY (Grasim Industries) Cyclically Adjusted PS Ratio: 1.45 (As of Aug. 01, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

GRSXY Grasim Industries Ltd GRSXY
83 GF Score
Price $19.61
GF Value $17.66
! 8 Warning Signs
View Full Analysis

What is Grasim Industries Cyclically Adjusted PS Ratio?

Grasim Industries GRSXY 83 Cyclically Adjusted PS Ratio is 1.45 as of Aug. 01, 2026, which is 3% below its 10-year median of 1.49. GuruFocus rates GRSXY with a GF Score™ of 83/100 and a GF Value™ of $17.66. The stock has 8 warning signs investors should review. Among 323 Building Materials companies, Grasim Industries ranks worse than 67.49% on this metric.

As of today (2026-08-01), Grasim Industries's current share price is $19.61. Grasim Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $13.51. Grasim Industries's Cyclically Adjusted PS Ratio for today is 1.45.

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

GRSXY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.49   Max: 1.98
Current: 1.75

During the past years, Grasim Industries's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.48. And the median was 1.49.

GRSXY's Cyclically Adjusted PS Ratio is ranked worse than
67.49% of 323 companies
in the Building Materials industry
Industry Median: 1 vs GRSXY: 1.75

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.

Grasim Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was $8.110. 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 $13.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grasim Industries  (OTCPK:GRSXY) 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.


Grasim Industries Cyclically Adjusted PS Ratio Related Terms


Grasim Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Grasim Industries'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.

Grasim Industries Cyclically Adjusted PS Ratio Chart

Grasim Industries 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 1.50 1.31 1.65 1.70 1.45

Grasim Industries 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 1.70 1.80 1.66 1.66 1.45

GRSXY vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Grasim Industries'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.


Grasim Industries Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


GRSXY
83GF Score
Grasim Industries Ltd GRSXY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grasim Industries 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.

Grasim Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.61/13.51
=1.45

* 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.

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

For example, Grasim Industries'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)
=8.11/164.2724*164.2724
=8.110

Current CPI (Mar. 2026) = 164.2724.

Grasim Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.880 105.961 4.465
201609 2.679 105.961 4.153
201612 2.703 105.196 4.221
201703 3.237 105.196 5.055
201706 0.033 107.109 0.051
201709 3.267 109.021 4.923
201712 3.569 109.404 5.359
201803 4.057 109.786 6.070
201806 3.742 111.317 5.522
201809 3.749 115.142 5.349
201812 4.162 115.142 5.938
201903 4.692 118.202 6.521
201906 4.394 120.880 5.971
201909 3.913 123.175 5.219
201912 3.969 126.235 5.165
202003 3.765 124.705 4.960
202006 2.616 127.000 3.384
202009 3.702 130.118 4.674
202012 4.325 130.889 5.428
202103 4.936 131.771 6.153
202106 4.100 134.084 5.023
202109 4.642 135.847 5.613
202112 4.904 138.161 5.831
202203 5.503 138.822 6.512
202206 5.439 142.347 6.277
202209 5.189 144.661 5.892
202212 5.261 145.763 5.929
202303 5.958 146.865 6.664
202306 5.728 150.280 6.261
202309 5.514 151.492 5.979
202312 5.821 152.924 6.253
202403 6.596 153.035 7.080
202406 6.226 155.789 6.565
202409 6.114 157.882 6.361
202412 6.199 158.323 6.432
202503 7.590 157.552 7.914
202506 6.876 159.755 7.070
202509 6.652 162.289 6.733
202512 7.245 163.281 7.289
202603 8.110 164.272 8.110

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 1.45 mean?
Grasim Industries (GRSXY) has a Cyclically Adjusted PS Ratio of 1.45 as of Aug. 01, 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 Grasim Industries and its competitors. This is near median its historical median of 1.49. Over the past decade, Grasim Industries' Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.98. According to the industry distribution chart, Grasim Industries ranks #218 out of 323 companies in the Building Materials industry, placing it in the top 67.5%.
Is Grasim Industries' Cyclically Adjusted PS Ratio too high?
Grasim Industries' current Cyclically Adjusted PS Ratio of 1.45 is near median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.98. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Grasim Industries' value of 1.45 is 45% above this industry median. Based on the distribution chart, Grasim Industries ranks #218 out of 323 companies in the Building Materials industry, which is below the industry midpoint. Overall, Grasim Industries has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Grasim Industries' Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Grasim Industries ranks #218 out of 323 companies for Cyclically Adjusted PS Ratio. This places Grasim Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Grasim Industries' value of 1.45 is 45% above this benchmark. Historically, Grasim Industries' own Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.98 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.00, Grasim Industries 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.00, based on 323 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. Grasim Industries's current Cyclically Adjusted PS Ratio of 1.45 is 45% 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 Grasim Industries and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grasim Industries's current Cyclically Adjusted PS Ratio is 1.45, which is near median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grasim Industries stock overvalued right now?
Grasim Industries (GRSXY) has a current Cyclically Adjusted PS Ratio of 1.45. The stock's GF Value™ is $17.66, compared to a current price of $19.61 — trading 11% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.45, which is near median its 10-year median of 1.49 and 45% above the Building Materials industry median of 1.00. Grasim Industries' overall GF Score™ is 83/100 with 8 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 Grasim Industries (GRSXY), the current Cyclically Adjusted PS Ratio is 1.45 as of Aug. 01, 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 Grasim Industries (GRSXY) Overvalued in 2026?

Based on GuruFocus' analysis, Grasim Industries stock appears to be overvalued. The current stock price of $19.61 is trading 11% above its estimated GF Value™ of $17.66.

Key valuation signals for GRSXY:

  • Cyclically Adjusted PS Ratio: 1.45 (near median its 10-year median of 1.49)
  • GF Value™: $17.66 vs. price of $19.61 (11% above fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 45% above the Building Materials median (#218 of 323)

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


Grasim Industries Business Description

Other Exchanges GRASIM:India500300:India
Address Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030
Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports.
83GF Score

Get the complete analysis for GRSXY

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

$19.61
Price
$17.66
GF Value