Aarti Industries (NSE:AARTIIND) Cyclically Adjusted PS Ratio: 2.57 (As of Aug. 01, 2026) — Near Median

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NSE:AARTIIND Aarti Industries Ltd NSE:AARTIIND
88 GF Score
Price ₹489.10
GF Value ₹585.67
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Aarti Industries Cyclically Adjusted PS Ratio?

Aarti Industries NSE:AARTIIND +1.85% 88 Cyclically Adjusted PS Ratio is 2.57 as of Aug. 01, 2026, which is 9% above its 10-year median of 2.35. GuruFocus rates NSE:AARTIIND with a GF Score™ of 88/100 and a GF Value™ of ₹585.67 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,276 Chemicals companies, Aarti Industries ranks worse than 72.49% on this metric.

As of today (2026-08-01), Aarti Industries's current share price is ₹489.10. Aarti Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹190.29. Aarti Industries's Cyclically Adjusted PS Ratio for today is 2.57.

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

NSE:AARTIIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.93   Med: 2.35   Max: 2.78
Current: 2.57

During the past years, Aarti Industries's highest Cyclically Adjusted PS Ratio was 2.78. The lowest was 1.93. And the median was 2.35.

NSE:AARTIIND's Cyclically Adjusted PS Ratio is ranked worse than
72.49% of 1276 companies
in the Chemicals industry
Industry Median: 1.275 vs NSE:AARTIIND: 2.57

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.

Aarti Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹65.604. 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 ₹190.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aarti Industries  (NSE:AARTIIND) 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.


Aarti Industries Cyclically Adjusted PS Ratio Related Terms


Aarti Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aarti 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.

Aarti Industries Cyclically Adjusted PS Ratio Chart

Aarti 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 0.00 0.00 0.00 2.27 2.14

Aarti Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.74 2.09 2.04 2.14 2.41

NSE:AARTIIND vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Aarti 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.


Aarti Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


NSE:AARTIIND
88GF Score
Aarti Industries Ltd NSE:AARTIIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aarti 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=489.10/190.29
=2.57

* 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.

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

For example, Aarti Industries's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=65.604/166.1454*166.1454
=65.604

Current CPI (Jun. 2026) = 166.1454.

Aarti Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
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
201809 40.789 115.142 58.857
201812 39.238 115.142 56.619
201903 11.148 118.202 15.670
201906 29.807 120.880 40.969
201909 28.359 123.175 38.252
201912 31.113 126.235 40.950
202003 28.567 124.705 38.060
202006 26.908 127.000 35.202
202009 33.656 130.118 42.975
202012 34.073 130.889 43.251
202103 28.950 131.771 36.502
202106 36.341 134.084 45.031
202109 34.659 135.847 42.389
202112 57.279 138.161 68.881
202203 14.969 138.822 17.915
202206 44.275 142.347 51.677
202209 46.609 144.661 53.531
202212 45.900 145.763 52.318
202303 42.346 146.865 47.905
202306 38.986 150.280 43.102
202309 39.945 151.492 43.809
202312 47.770 152.924 51.900
202403 44.138 153.035 47.919
202406 50.936 155.789 54.322
202409 45.083 157.882 47.443
202412 50.883 158.323 53.397
202503 53.598 157.552 56.522
202506 46.355 159.755 48.209
202509 57.651 162.289 59.021
202512 63.789 163.281 64.908
202603 60.839 164.272 61.533
202606 65.604 166.145 65.604

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 2.57 mean?
Aarti Industries (NSE:AARTIIND) has a Cyclically Adjusted PS Ratio of 2.57 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 Aarti Industries and its competitors. This is near median its historical median of 2.35. Over the past decade, Aarti Industries' Cyclically Adjusted PS Ratio has ranged from 1.93 to 2.78. According to the industry distribution chart, Aarti Industries ranks #925 out of 1276 companies in the Chemicals industry, placing it in the top 72.5%.
Is Aarti Industries' Cyclically Adjusted PS Ratio too high?
Aarti Industries' current Cyclically Adjusted PS Ratio of 2.57 is near median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 2.78. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.28. Aarti Industries' value of 2.57 is 101.6% above this industry median. Based on the distribution chart, Aarti Industries ranks #925 out of 1276 companies in the Chemicals industry, which is below the industry midpoint. Overall, Aarti Industries has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aarti Industries' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Aarti Industries ranks #925 out of 1276 companies for Cyclically Adjusted PS Ratio. This places Aarti Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Aarti Industries' value of 2.57 is 101.6% above this benchmark. Historically, Aarti Industries' own Cyclically Adjusted PS Ratio has ranged from 1.93 to 2.78 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 1.28, Aarti 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.28, based on 1,276 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. Aarti Industries's current Cyclically Adjusted PS Ratio of 2.57 is 101.6% 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 Aarti Industries and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aarti Industries's current Cyclically Adjusted PS Ratio is 2.57, which is near median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aarti Industries stock overvalued right now?
Based on GuruFocus' analysis, Aarti Industries (NSE:AARTIIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹585.67, compared to a current price of ₹489.10 — trading 16.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.57, which is near median its 10-year median of 2.35 and 101.6% above the Chemicals industry median of 1.28. Aarti Industries' overall GF Score™ is 88/100 with 7 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 Aarti Industries (NSE:AARTIIND), the current Cyclically Adjusted PS Ratio is 2.57 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 Aarti Industries (NSE:AARTIIND) Overvalued in 2026?

Based on GuruFocus' analysis, Aarti Industries stock appears to be undervalued. The current stock price of ₹489.10 is trading 16.5% below its estimated GF Value™ of ₹585.67. GuruFocus considers Aarti Industries to be Modestly Undervalued.

Key valuation signals for NSE:AARTIIND:

  • Cyclically Adjusted PS Ratio: 2.57 (near median its 10-year median of 2.35)
  • GF Value™: ₹585.67 vs. price of ₹489.10 (16.5% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 101.6% above the Chemicals median (#925 of 1276)

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


Aarti Industries Business Description

Other Exchanges 524208:India
Address Mulund Goregaon Link Road, L.B.S. Marg, 71, Udyog Kshetra, 2nd Floor, Mulund (West), Mumbai, MH, IND, 400080
Aarti Industries Ltd manufactures and sells chemicals and chemical-based products. It sells benzene-based chemicals, which are used in agricultural products, dyes and pigments, and flavors and fragrances. The company provides applications for industries spanning agrochemicals, pharmaceuticals, polymers and additives, fertilizers, dyes and pigments, home and personal care (FMCG), energy, and more. The company generates maximum revenue by exporting its products to other countries and the rest through its domestic operations.
88GF Score

Get the complete analysis for NSE:AARTIIND

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

₹489.10
Price
₹585.67
GF Value