MAHDY (Mahindra & Mahindra) Cyclically Adjusted PS Ratio: (As of Jul. 17, 2026)

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What is Mahindra & Mahindra 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


Mahindra & Mahindra  (OTCPK:MAHDY) 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.


Mahindra & Mahindra Cyclically Adjusted PS Ratio Related Terms


Mahindra & Mahindra Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mahindra & Mahindra'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.

Mahindra & Mahindra Cyclically Adjusted PS Ratio Chart

Mahindra & Mahindra 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 0.92 1.19 1.84 2.38 2.39

Mahindra & Mahindra 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 2.38 2.76 2.90 3.07 2.39

MAHDY vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Mahindra & Mahindra'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.


Mahindra & Mahindra Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mahindra & Mahindra's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Mahindra & Mahindra 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.

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

For example, Mahindra & Mahindra'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)
=5.256/164.2724*164.2724
=5.256

Current CPI (Mar. 2026) = 164.2724.

Mahindra & Mahindra Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.000 102.518 0.000
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201703 0.000 105.196 0.000
201706 0.000 107.109 0.000
201709 3.231 109.021 4.868
201712 3.229 109.404 4.848
201803 3.129 109.786 4.682
201806 3.523 111.317 5.199
201809 3.225 115.142 4.601
201812 3.388 115.142 4.834
201903 3.354 118.202 4.661
201906 3.377 120.880 4.589
201909 3.018 123.175 4.025
201912 2.445 126.235 3.182
202003 1.855 124.705 2.444
202006 1.425 127.000 1.843
202009 2.276 130.118 2.873
202012 2.627 130.889 3.297
202103 2.460 131.771 3.067
202106 2.324 134.084 2.847
202109 2.609 135.847 3.155
202112 2.801 138.161 3.330
202203 2.859 138.822 3.383
202206 3.256 142.347 3.758
202209 3.329 144.661 3.780
202212 3.321 145.763 3.743
202303 3.285 146.865 3.674
202306 3.633 150.280 3.971
202309 3.690 151.492 4.001
202312 3.781 152.924 4.062
202403 3.543 153.035 3.803
202406 3.961 155.789 4.177
202409 4.016 157.882 4.179
202412 4.357 158.323 4.521
202503 4.338 157.552 4.523
202506 4.720 159.755 4.853
202509 4.598 162.289 4.654
202512 5.109 163.281 5.140
202603 5.256 164.272 5.256

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.


Mahindra & Mahindra Business Description

Address Dr. G. M. Bhosale Marg, Mahindra Towers, 2nd Floor, Worli, Mumbai, MH, IND, 400018
Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and Services. It generates maximum revenue from the Automotive segment. The Automotive segment comprises the sale of automobiles, spares, mobility solutions, construction equipment, and related services. Geographically, it derives a majority of its revenue from India.