Alkem Laboratories (NSE:ALKEM) Cyclically Adjusted PS Ratio: 5.28 (As of Aug. 24, 2026) — Near 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.

NSE:ALKEM Alkem Laboratories Ltd NSE:ALKEM
97 GF Score
Price ₹5,400.00
GF Value ₹6,170.63
Valuation Modestly Undervalued
View Full Analysis

What is Alkem Laboratories Cyclically Adjusted PS Ratio?

Alkem Laboratories NSE:ALKEM 97 Cyclically Adjusted PS Ratio is 5.28 as of Aug. 24, 2026, which is 9% below its 10-year median of 5.78. GuruFocus rates NSE:ALKEM with a GF Score™ of 97/100 and a GF Value™ of ₹6,170.63 (Modestly Undervalued). Among 748 Drug Manufacturers companies, Alkem Laboratories ranks worse than 79.28% on this metric.

As of today (2026-08-24), Alkem Laboratories's current share price is ₹5400.00. Alkem Laboratories's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹1,021.83. Alkem Laboratories's Cyclically Adjusted PS Ratio for today is 5.28.

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

NSE:ALKEM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.33   Med: 5.78   Max: 7.48
Current: 5.28

During the past years, Alkem Laboratories's highest Cyclically Adjusted PS Ratio was 7.48. The lowest was 4.33. And the median was 5.78.

NSE:ALKEM's Cyclically Adjusted PS Ratio is ranked worse than
79.28% of 748 companies
in the Drug Manufacturers industry
Industry Median: 2.045 vs NSE:ALKEM: 5.28

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.

Alkem Laboratories's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹312.829. 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 ₹1,021.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alkem Laboratories  (NSE:ALKEM) 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.


Alkem Laboratories Cyclically Adjusted PS Ratio Related Terms


Alkem Laboratories Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alkem Laboratories'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.

Alkem Laboratories Cyclically Adjusted PS Ratio Chart

Alkem Laboratories 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 5.94 5.45 5.34

Alkem Laboratories 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 5.36 5.71 5.67 5.34 5.45

NSE:ALKEM vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Alkem Laboratories'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.


Alkem Laboratories Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

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

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


NSE:ALKEM
97GF Score
Alkem Laboratories Ltd NSE:ALKEM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alkem Laboratories 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.

Alkem Laboratories's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5400.00/1021.83
=5.28

* 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.

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

For example, Alkem Laboratories'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)
=312.829/167.3573*167.3573
=312.829

Current CPI (Jun. 2026) = 167.3573.

Alkem Laboratories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 136.996 105.961 216.375
201612 123.937 105.196 197.173
201703 104.671 105.196 166.522
201706 109.867 107.109 171.667
201709 155.485 109.021 238.683
201712 145.675 109.404 222.842
201803 126.554 109.786 192.918
201806 138.783 111.317 208.651
201809 160.467 115.142 233.237
201812 161.121 115.142 234.187
201903 147.333 118.202 208.602
201906 154.665 120.880 214.133
201909 189.376 123.175 257.304
201912 182.495 126.235 241.944
202003 158.600 124.705 212.845
202006 166.625 127.000 219.574
202009 197.610 130.118 254.165
202012 193.890 130.889 247.911
202103 171.936 131.771 218.370
202106 228.430 134.084 285.115
202109 234.181 135.847 288.500
202112 219.020 138.161 265.304
202203 197.508 138.822 238.107
202206 215.573 142.347 253.448
202209 257.546 144.661 297.953
202212 254.329 145.763 292.007
202303 229.436 146.865 261.450
202306 248.199 150.280 276.403
202309 287.733 151.492 317.866
202312 277.995 152.924 304.232
202403 226.442 153.035 247.635
202406 253.596 155.789 272.427
202409 285.613 157.882 302.754
202412 282.206 158.323 298.310
202503 262.818 157.552 279.175
202506 281.969 159.755 295.387
202509 334.646 162.289 345.097
202512 312.508 163.281 320.310
202603 301.268 164.272 306.926
202606 312.829 167.357 312.829

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 5.28 mean?
Alkem Laboratories (NSE:ALKEM) has a Cyclically Adjusted PS Ratio of 5.28 as of Aug. 24, 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 Alkem Laboratories and its competitors. This is near median its historical median of 5.78. Over the past decade, Alkem Laboratories' Cyclically Adjusted PS Ratio has ranged from 4.33 to 7.48. According to the industry distribution chart, Alkem Laboratories ranks #593 out of 748 companies in the Drug Manufacturers industry, placing it in the top 79.3%.
Is Alkem Laboratories' Cyclically Adjusted PS Ratio too high?
Alkem Laboratories' current Cyclically Adjusted PS Ratio of 5.28 is near median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 7.48. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. Alkem Laboratories' value of 5.28 is 158.2% above this industry median. Based on the distribution chart, Alkem Laboratories ranks #593 out of 748 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Alkem Laboratories has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alkem Laboratories' Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Alkem Laboratories ranks #593 out of 748 companies for Cyclically Adjusted PS Ratio. This places Alkem Laboratories in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.05. Alkem Laboratories' value of 5.28 is 158.2% above this benchmark. Historically, Alkem Laboratories' own Cyclically Adjusted PS Ratio has ranged from 4.33 to 7.48 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 2.05, Alkem Laboratories 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 2.05, based on 748 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. Alkem Laboratories's current Cyclically Adjusted PS Ratio of 5.28 is 158.2% 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 Alkem Laboratories and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkem Laboratories's current Cyclically Adjusted PS Ratio is 5.28, which is near median its own 10-year median of 5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkem Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Alkem Laboratories (NSE:ALKEM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,170.63, compared to a current price of ₹5,400.00 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.28, which is near median its 10-year median of 5.78 and 158.2% above the Drug Manufacturers industry median of 2.05. Alkem Laboratories' overall GF Score™ is 97/100. 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 Alkem Laboratories (NSE:ALKEM), the current Cyclically Adjusted PS Ratio is 5.28 as of Aug. 24, 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 Alkem Laboratories (NSE:ALKEM) Overvalued in 2026?

Based on GuruFocus' analysis, Alkem Laboratories stock appears to be undervalued. The current stock price of ₹5,400.00 is trading 12.5% below its estimated GF Value™ of ₹6,170.63. GuruFocus considers Alkem Laboratories to be Modestly Undervalued.

Key valuation signals for NSE:ALKEM:

  • Cyclically Adjusted PS Ratio: 5.28 (near median its 10-year median of 5.78)
  • GF Value™: ₹6,170.63 vs. price of ₹5,400.00 (12.5% below fair value)
  • GF Score™: 97/100
  • Industry Position: 158.2% above the Drug Manufacturers median (#593 of 748)

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


Alkem Laboratories Business Description

Other Exchanges 539523:India
Address Senapati Bapat Marg, Alkem House, Devashish Building, Lower Parel, Mumbai, MH, IND, 400 013
Alkem Laboratories Ltd is an Indian pharmaceutical company engaged in the development, manufacture, and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical ingredients (APIs) and nutraceuticals in acute and chronic therapeutic areas, such as anti-infective, pain and analgesics, vitamins/minerals/nutrients, cardiac and Diabetology, Gynecology, neuro/central nervous system, dermatology, anti-diabetes, anti-osteoporosis, cardiovascular, and muscle relaxants, which are marketed in Indian and International markets. It operates through the pharmaceutical business segment.
97GF Score

Get the complete analysis for NSE:ALKEM

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

₹5,400.00
Price
₹6,170.63
GF Value