ITC (ITCTY) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

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ITCTY ITC Ltd ITCTY
81 GF Score
Price $3.81
GF Value $6.30
! 1 Warning Sign
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What is ITC 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


ITC  (OTCPK:ITCTY) 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.


ITC Cyclically Adjusted PS Ratio Related Terms


ITC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ITC'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.

ITC Cyclically Adjusted PS Ratio Chart

ITC 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 0.00 0.00 7.95 7.53 4.97

ITC 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 7.53 7.49 7.09 7.05 4.97

ITCTY vs PM, MO, TPB: Cyclically Adjusted PS Ratio Comparison

For the Tobacco subindustry, ITC'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.


ITC Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, ITC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ITCTY
81GF Score
ITC Ltd ITCTY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ITC 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.

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

For example, ITC'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)
=0.152/164.2724*164.2724
=0.152

Current CPI (Mar. 2026) = 164.2724.

ITC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201206 0.100 79.567 0.206
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 0.157 111.317 0.232
201809 0.135 115.142 0.193
201812 0.143 115.142 0.204
201903 0.136 118.202 0.189
201906 0.142 120.880 0.193
201909 0.111 123.175 0.148
201912 0.146 126.235 0.190
202003 0.127 124.705 0.167
202006 0.104 127.000 0.135
202009 0.133 130.118 0.168
202012 0.144 130.889 0.181
202103 0.158 131.771 0.197
202106 0.145 134.084 0.178
202109 0.150 135.847 0.181
202112 0.181 138.161 0.215
202203 0.174 138.822 0.206
202206 0.191 142.347 0.220
202209 0.170 144.661 0.193
202212 0.172 145.763 0.194
202303 0.169 146.865 0.189
202306 0.166 150.280 0.181
202309 0.170 151.492 0.184
202312 0.164 152.924 0.176
202403 0.163 153.035 0.175
202406 0.169 155.789 0.178
202409 0.189 157.882 0.197
202412 0.175 158.323 0.182
202503 0.184 157.552 0.192
202506 0.198 159.755 0.204
202509 0.174 162.289 0.176
202512 0.177 163.281 0.178
202603 0.152 164.272 0.152

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 ITC (ITCTY) Overvalued in 2026?

Based on GuruFocus' analysis, ITC stock appears to be undervalued. The current stock price of $3.81 is trading 39.5% below its estimated GF Value™ of $6.30.

Key valuation signals for ITCTY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $6.30 vs. price of $3.81 (39.5% below fair value)
  • GF Score™: 81/100 with 1 warning sign

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


ITC Business Description

Other Exchanges ITC:India500875:India
Address 37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700071
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
81GF Score

Get the complete analysis for ITCTY

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

$3.81
Price
$6.30
GF Value