Indus Gas (LSE:INDI) Cyclically Adjusted PS Ratio: 0.05 (As of Jul. 25, 2026) — 17% Below 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.

What is Indus Gas Cyclically Adjusted PS Ratio?

Indus Gas LSE:INDI -32.00% Cyclically Adjusted PS Ratio is 0.05 as of Jul. 25, 2026, which is 17% below its 10-year median of 0.06. The stock has 6 warning signs investors should review.

As of today (2026-07-25), Indus Gas's current share price is £0.0136. Indus Gas's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 was £0.26. Indus Gas's Cyclically Adjusted PS Ratio for today is 0.05.

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

LSE:INDI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.06   Max: 0.56
Current: 0.05

During the past 13 years, Indus Gas's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.05. And the median was 0.06.

LSE:INDI's Cyclically Adjusted PS Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.06 vs LSE:INDI: 0.05

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 Gas's adjusted revenue per share data of for the fiscal year that ended in Mar25 was £0.125. 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 £0.26 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indus Gas  (LSE:INDI) 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 Gas Cyclically Adjusted PS Ratio Related Terms


Indus Gas Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Indus Gas'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 Gas Cyclically Adjusted PS Ratio Chart

Indus Gas Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Indus Gas Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 0.00 0.00 0.00 0.00

LSE:INDI vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Indus Gas'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 Gas Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indus Gas's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.0136/0.26
=0.05

* 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 Gas's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 is calculated as:

For example, Indus Gas's adjusted Revenue per Share data for the fiscal year that ended in Mar25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=0.125/319.7990*319.7990
=0.125

Current CPI (Mar25) = 319.7990.

Indus Gas Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.175 238.132 0.235
201703 0.242 243.801 0.317
201803 0.237 249.554 0.304
201903 0.251 254.202 0.316
202003 0.256 258.115 0.317
202103 0.191 264.877 0.231
202203 0.223 287.504 0.248
202303 0.284 301.836 0.301
202403 0.185 312.332 0.189
202503 0.125 319.799 0.125

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 0.05 mean?
Indus Gas (LSE:INDI) has a Cyclically Adjusted PS Ratio of 0.05 as of Jul. 25, 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 Gas and its competitors. This is 17% below median its historical median of 0.06. Over the past decade, Indus Gas' Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.56.
Is Indus Gas' Cyclically Adjusted PS Ratio too high?
Indus Gas' current Cyclically Adjusted PS Ratio of 0.05 is 17% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.56. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Indus Gas' value of 0.05 is 95.3% below this industry median.
How does Indus Gas' Cyclically Adjusted PS Ratio compare to COP and EOG?
Indus Gas' Cyclically Adjusted PS Ratio of 0.05 can be compared against companies in the Oil & Gas industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Indus Gas' value of 0.05 is 95.3% below this benchmark. Historically, Indus Gas' own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.56 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 1.06, Indus Gas 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 706 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 Gas's current Cyclically Adjusted PS Ratio of 0.05 is 95.3% 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 Gas and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Gas's current Cyclically Adjusted PS Ratio is 0.05, which is 17% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Gas stock overvalued right now?
Indus Gas (LSE:INDI) has a current Cyclically Adjusted PS Ratio of 0.05. The stock's GF Value™ is £0.14, compared to a current price of £0.01 — trading 90.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.05, which is 17% below median its 10-year median of 0.06 and 95.3% below the Oil & Gas industry median of 1.06. 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 Gas (LSE:INDI), the current Cyclically Adjusted PS Ratio is 0.05 as of Jul. 25, 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.

Indus Gas Business Description

Industry EnergyOil & Gas
Address Saint Martins House, PO Box 112, Le Bordage, Saint Peter Port, GGY, GY1 4EA
Indus Gas Ltd is an oil and gas exploration and development company. It predominantly operates in India, focusing on exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. The company holds a participating interest in Block RJ-ON/6, an onshore petroleum concession in Rajasthan, India, covering a large area in the Indus Basin. Its operations involve partnerships with entities like Oil and Natural Gas Corporation Ltd. (ONGC) and Focus Energy Ltd., with ONGC having back-in rights for participating interests in discovered fields. Indus Gas sells natural gas prominently to GAIL (India) Ltd and continues to evaluate other opportunities in the oil and gas sector.