GlaxoSmithKline Pakistan (KAR:GLAXO) Cyclically Adjusted PS Ratio: 2.23 (As of Jul. 16, 2026) — 77% Above Median

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KAR:GLAXO GlaxoSmithKline Pakistan Ltd KAR:GLAXO
93 GF Score
Price ₨352.64
GF Value ₨323.79
Valuation Fairly Valued
! 1 Warning Sign
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What is GlaxoSmithKline Pakistan Cyclically Adjusted PS Ratio?

GlaxoSmithKline Pakistan KAR:GLAXO -0.10% 93 Cyclically Adjusted PS Ratio is 2.23 as of Jul. 16, 2026, which is 77% above its 10-year median of 1.26. GuruFocus rates KAR:GLAXO with a GF Score™ of 93/100 and a GF Value™ of ₨323.79 (Fairly Valued). The stock has 1 warning sign investors should review. Among 752 Drug Manufacturers companies, GlaxoSmithKline Pakistan ranks worse than 55.85% on this metric.

As of today (2026-07-16), GlaxoSmithKline Pakistan's current share price is ₨352.64. GlaxoSmithKline Pakistan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨158.19. GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio for today is 2.23.

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

KAR:GLAXO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.26   Max: 3.13
Current: 2.36

During the past years, GlaxoSmithKline Pakistan's highest Cyclically Adjusted PS Ratio was 3.13. The lowest was 0.58. And the median was 1.26.

KAR:GLAXO's Cyclically Adjusted PS Ratio is ranked worse than
55.85% of 752 companies
in the Drug Manufacturers industry
Industry Median: 2 vs KAR:GLAXO: 2.36

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.

GlaxoSmithKline Pakistan's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨53.470. 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 ₨158.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GlaxoSmithKline Pakistan  (KAR:GLAXO) 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.


GlaxoSmithKline Pakistan Cyclically Adjusted PS Ratio Related Terms


GlaxoSmithKline Pakistan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GlaxoSmithKline Pakistan'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.

GlaxoSmithKline Pakistan Cyclically Adjusted PS Ratio Chart

GlaxoSmithKline Pakistan 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 1.30 0.76 0.66 2.87 2.55

GlaxoSmithKline Pakistan 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 2.93 2.68 3.00 2.55 1.99

KAR:GLAXO vs ZTS, UTHR, VTRS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, GlaxoSmithKline Pakistan'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.


GlaxoSmithKline Pakistan Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:GLAXO
93GF Score
GlaxoSmithKline Pakistan Ltd KAR:GLAXO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GlaxoSmithKline Pakistan 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.

GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=352.64/158.19
=2.23

* 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.

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

For example, GlaxoSmithKline Pakistan'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)
=53.47/330.2130*330.2130
=53.470

Current CPI (Mar. 2026) = 330.2130.

GlaxoSmithKline Pakistan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 21.498 241.018 29.454
201609 21.766 241.428 29.770
201612 24.223 241.432 33.130
201703 26.342 243.801 35.679
201706 24.594 244.955 33.154
201709 24.077 246.819 32.212
201712 27.918 246.524 37.395
201803 28.645 249.554 37.903
201806 25.343 251.989 33.210
201809 25.293 252.439 33.086
201812 27.421 251.233 36.041
201903 26.276 254.202 34.133
201906 29.078 256.143 37.487
201909 25.653 256.759 32.992
201912 33.777 256.974 43.404
202003 25.227 258.115 32.274
202006 24.319 257.797 31.150
202009 33.990 260.280 43.123
202012 26.706 260.474 33.856
202103 24.158 264.877 30.117
202106 28.443 271.696 34.569
202109 30.827 274.310 37.109
202112 31.664 278.802 37.503
202203 27.086 287.504 31.110
202206 29.963 296.311 33.391
202209 37.703 296.808 41.946
202212 36.888 296.797 41.041
202303 35.794 301.836 39.159
202306 37.242 305.109 40.306
202309 43.409 307.789 46.572
202312 39.663 306.746 42.697
202403 49.035 312.332 51.842
202406 41.621 314.175 43.746
202409 46.246 315.301 48.433
202412 55.220 315.605 57.776
202503 48.922 319.799 50.515
202506 46.224 322.561 47.321
202509 44.571 324.800 45.314
202512 67.235 324.054 68.513
202603 53.470 330.213 53.470

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 2.23 mean?
GlaxoSmithKline Pakistan (KAR:GLAXO) has a Cyclically Adjusted PS Ratio of 2.23 as of Jul. 16, 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 GlaxoSmithKline Pakistan and its competitors. This is 77% above median its historical median of 1.26. Over the past decade, GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.13. According to the industry distribution chart, GlaxoSmithKline Pakistan ranks #420 out of 752 companies in the Drug Manufacturers industry, placing it in the top 55.9%.
Is GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio too high?
GlaxoSmithKline Pakistan's current Cyclically Adjusted PS Ratio of 2.23 is 77% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 3.13. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.00. GlaxoSmithKline Pakistan's value of 2.23 is 11.5% above this industry median. Based on the distribution chart, GlaxoSmithKline Pakistan ranks #420 out of 752 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, GlaxoSmithKline Pakistan has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GlaxoSmithKline Pakistan's Cyclically Adjusted PS Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, GlaxoSmithKline Pakistan ranks #420 out of 752 companies for Cyclically Adjusted PS Ratio. This places GlaxoSmithKline Pakistan in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.00. GlaxoSmithKline Pakistan's value of 2.23 is 11.5% above this benchmark. Historically, GlaxoSmithKline Pakistan's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.13 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 2.00, GlaxoSmithKline Pakistan 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.00, based on 752 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. GlaxoSmithKline Pakistan's current Cyclically Adjusted PS Ratio of 2.23 is 11.5% 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 GlaxoSmithKline Pakistan and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GlaxoSmithKline Pakistan's current Cyclically Adjusted PS Ratio is 2.23, which is 77% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GlaxoSmithKline Pakistan stock overvalued right now?
Based on GuruFocus' analysis, GlaxoSmithKline Pakistan (KAR:GLAXO) is currently considered Fairly Valued. The stock's GF Value™ is ₨323.79, compared to a current price of ₨352.64 — trading 8.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.23, which is 77% above median its 10-year median of 1.26 and 11.5% above the Drug Manufacturers industry median of 2.00. GlaxoSmithKline Pakistan's overall GF Score™ is 93/100 with 1 warning sign 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 GlaxoSmithKline Pakistan (KAR:GLAXO), the current Cyclically Adjusted PS Ratio is 2.23 as of Jul. 16, 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 GlaxoSmithKline Pakistan (KAR:GLAXO) Overvalued in 2026?

Based on GuruFocus' analysis, GlaxoSmithKline Pakistan stock appears to be overvalued. The current stock price of ₨352.64 is trading 8.9% above its estimated GF Value™ of ₨323.79. GuruFocus considers GlaxoSmithKline Pakistan to be Fairly Valued.

Key valuation signals for KAR:GLAXO:

  • Cyclically Adjusted PS Ratio: 2.23 (77% above median its 10-year median of 1.26)
  • GF Value™: ₨323.79 vs. price of ₨352.64 (8.9% above fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 11.5% above the Drug Manufacturers median (#420 of 752)

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


GlaxoSmithKline Pakistan Business Description

Address 35, Dockyard Road, West Wharf, Karachi, PAK, 74000
GlaxoSmithKline Pakistan Ltd is engaged in the research, development, and manufacturing of pharmaceutical medicines, vaccines, and consumer healthcare products. It is involved in Anti-infective, Respiratory, Vaccines, Dermatological, Gastrointestinal, Analgesics, Urology, Central Nervous System, Allergy, Cardiovascular, and Vitamins therapy areas. The operating business divisions are Pharmaceuticals and Consumer Healthcare. The pharmaceutical brands of the company include Augmentin, Seretide, Amoxicillin, Velosef, Zantac, and Calpol, and prominent vaccines include Synflorix, Infanrix Hexa, Rotarix, Engerix-B, Havrix, and Cervarix. The company operates in single segment which is the Pharmaceuticals segment.
93GF Score

Get the complete analysis for KAR:GLAXO

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

₨352.64
Price
₨323.79
GF Value