Adani Enterprises (NSE:ADANIENT) Cyclically Adjusted PS Ratio: 4.17 (As of Aug. 12, 2026) — 21% Above Median

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NSE:ADANIENT Adani Enterprises Ltd NSE:ADANIENT
72 GF Score
Price ₹2,985.70
GF Value ₹2,615.35
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Adani Enterprises Cyclically Adjusted PS Ratio?

Adani Enterprises NSE:ADANIENT -0.33% 72 Cyclically Adjusted PS Ratio is 4.17 as of Aug. 12, 2026, which is 21% above its 10-year median of 3.45. GuruFocus rates NSE:ADANIENT with a GF Score™ of 72/100 and a GF Value™ of ₹2,615.35 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 111 Other Energy Sources companies, Adani Enterprises ranks worse than 81.08% on this metric.

As of today (2026-08-12), Adani Enterprises's current share price is ₹2985.70. Adani Enterprises's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹716.06. Adani Enterprises's Cyclically Adjusted PS Ratio for today is 4.17.

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

NSE:ADANIENT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 3.45   Max: 6.6
Current: 4.2

During the past years, Adani Enterprises's highest Cyclically Adjusted PS Ratio was 6.60. The lowest was 0.25. And the median was 3.45.

NSE:ADANIENT's Cyclically Adjusted PS Ratio is ranked worse than
81.08% of 111 companies
in the Other Energy Sources industry
Industry Median: 1.26 vs NSE:ADANIENT: 4.20

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.

Adani Enterprises's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹252.840. 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 ₹716.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adani Enterprises  (NSE:ADANIENT) 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.


Adani Enterprises Cyclically Adjusted PS Ratio Related Terms


Adani Enterprises Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Adani Enterprises'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.

Adani Enterprises Cyclically Adjusted PS Ratio Chart

Adani Enterprises 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 3.67 2.82 4.93 3.55 2.53

Adani Enterprises 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 3.91 3.66 3.31 2.53 4.24

Adani Enterprises Cyclically Adjusted PS Ratio Competitor Comparison

For the Thermal Coal subindustry, Adani Enterprises'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.


Adani Enterprises Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Adani Enterprises's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:ADANIENT
72GF Score
Adani Enterprises Ltd NSE:ADANIENT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adani Enterprises 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.

Adani Enterprises's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2985.70/716.06
=4.17

* 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.

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

For example, Adani Enterprises'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)
=252.84/166.1454*166.1454
=252.840

Current CPI (Jun. 2026) = 166.1454.

Adani Enterprises Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 66.516 105.961 104.296
201612 75.836 105.196 119.775
201703 100.603 105.196 158.891
201706 75.416 107.109 116.984
201709 75.731 109.021 115.412
201712 82.749 109.404 125.666
201803 84.750 109.786 128.257
201806 66.618 111.317 99.431
201809 80.482 115.142 116.132
201812 92.071 115.142 132.855
201903 115.466 118.202 162.300
201906 93.160 120.880 128.045
201909 74.599 123.175 100.623
201912 96.614 126.235 127.159
202003 117.526 124.705 156.581
202006 46.264 127.000 60.524
202009 80.575 130.118 102.885
202012 102.482 130.889 130.087
202103 118.646 131.771 149.597
202106 110.961 134.084 137.493
202109 116.436 135.847 142.405
202112 172.003 138.161 206.843
202203 218.755 138.822 261.811
202206 352.573 142.347 411.517
202209 325.187 144.661 373.482
202212 226.836 145.763 258.555
202303 184.906 146.865 209.181
202306 192.520 150.280 212.845
202309 166.357 151.492 182.448
202312 207.049 152.924 224.949
202403 247.123 153.035 268.295
202406 208.834 155.789 222.717
202409 186.495 157.882 196.256
202412 191.921 158.323 201.404
202503 224.569 157.552 236.818
202506 176.636 159.755 183.701
202509 176.328 162.289 180.518
202512 203.426 163.281 206.995
202603 251.331 164.272 254.197
202606 252.840 166.145 252.840

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 4.17 mean?
Adani Enterprises (NSE:ADANIENT) has a Cyclically Adjusted PS Ratio of 4.17 as of Aug. 12, 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 Adani Enterprises and its competitors. This is 21% above median its historical median of 3.45. Over the past decade, Adani Enterprises' Cyclically Adjusted PS Ratio has ranged from 0.25 to 6.60. According to the industry distribution chart, Adani Enterprises ranks #90 out of 111 companies in the Other Energy Sources industry, placing it in the top 81.1%.
Is Adani Enterprises' Cyclically Adjusted PS Ratio too high?
Adani Enterprises' current Cyclically Adjusted PS Ratio of 4.17 is 21% above median its 10-year median of 3.45. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 6.60. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.26. Adani Enterprises' value of 4.17 is 231% above this industry median. Based on the distribution chart, Adani Enterprises ranks #90 out of 111 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Adani Enterprises has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Enterprises' Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Adani Enterprises ranks #90 out of 111 companies for Cyclically Adjusted PS Ratio. This places Adani Enterprises in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.26. Adani Enterprises' value of 4.17 is 231% above this benchmark. Historically, Adani Enterprises' own Cyclically Adjusted PS Ratio has ranged from 0.25 to 6.60 over the past decade. While the company's 10-year median is 3.45 vs. the industry median of 1.26, Adani Enterprises 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 an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.26, based on 111 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. Adani Enterprises's current Cyclically Adjusted PS Ratio of 4.17 is 231% 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 Adani Enterprises and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Enterprises's current Cyclically Adjusted PS Ratio is 4.17, which is 21% above median its own 10-year median of 3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Adani Enterprises (NSE:ADANIENT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹2,615.35, compared to a current price of ₹2,985.70 — trading 14.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.17, which is 21% above median its 10-year median of 3.45 and 231% above the Other Energy Sources industry median of 1.26. Adani Enterprises' overall GF Score™ is 72/100 with 11 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 Adani Enterprises (NSE:ADANIENT), the current Cyclically Adjusted PS Ratio is 4.17 as of Aug. 12, 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 Adani Enterprises (NSE:ADANIENT) Overvalued in 2026?

Based on GuruFocus' analysis, Adani Enterprises stock appears to be overvalued. The current stock price of ₹2,985.70 is trading 14.2% above its estimated GF Value™ of ₹2,615.35. GuruFocus considers Adani Enterprises to be Modestly Overvalued.

Key valuation signals for NSE:ADANIENT:

  • Cyclically Adjusted PS Ratio: 4.17 (21% above median its 10-year median of 3.45)
  • GF Value™: ₹2,615.35 vs. price of ₹2,985.70 (14.2% above fair value)
  • GF Score™: 72/100 with 11 warning signs
  • Industry Position: 231% above the Other Energy Sources median (#90 of 111)

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


Adani Enterprises Business Description

Other Exchanges 512599:India
Address S. G. Highway, Adani Corporate House, Near Vaishnodevi Circle, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Enterprises Ltd is in the business of integrated resources management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports, roads, copper, PVC and others. It is engaged inter-alia in the business of integrated resources management and provides end-toend procurement and logistics services. It purchases, handles and sells different products like coal, copper and its related products, and other materials as part of its business activities. It has eight segments Integrated Resources Management, Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, Copper, and Others. It generates majority of revenue from Integrated Resources Management segment.
72GF Score

Get the complete analysis for NSE:ADANIENT

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

₹2,985.70
Price
₹2,615.35
GF Value