Alpa Laboratories (NSE:ALPA) Cyclically Adjusted PS Ratio: 1.23 (As of Jul. 27, 2026) — 29% Below Median

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NSE:ALPA Alpa Laboratories Ltd NSE:ALPA
73 GF Score
Price ₹66.58
GF Value ₹93.10
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Alpa Laboratories Cyclically Adjusted PS Ratio?

Alpa Laboratories NSE:ALPA -0.88% 73 Cyclically Adjusted PS Ratio is 1.23 as of Jul. 27, 2026, which is 29% below its 10-year median of 1.74. GuruFocus rates NSE:ALPA with a GF Score™ of 73/100 and a GF Value™ of ₹93.10 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 749 Drug Manufacturers companies, Alpa Laboratories ranks better than 65.82% on this metric.

As of today (2026-07-27), Alpa Laboratories's current share price is ₹66.58. Alpa Laboratories's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹53.92. Alpa Laboratories's Cyclically Adjusted PS Ratio for today is 1.23.

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

NSE:ALPA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.74   Max: 2.62
Current: 1.25

During the past years, Alpa Laboratories's highest Cyclically Adjusted PS Ratio was 2.62. The lowest was 0.96. And the median was 1.74.

NSE:ALPA's Cyclically Adjusted PS Ratio is ranked better than
65.82% of 749 companies
in the Drug Manufacturers industry
Industry Median: 1.95 vs NSE:ALPA: 1.25

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.

Alpa Laboratories's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹14.921. 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 ₹53.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpa Laboratories  (NSE:ALPA) 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.


Alpa Laboratories Cyclically Adjusted PS Ratio Related Terms


Alpa Laboratories Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alpa 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.

Alpa Laboratories Cyclically Adjusted PS Ratio Chart

Alpa 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 1.11 1.68 2.03 0.86

Alpa Laboratories 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 2.03 2.00 1.67 1.45 0.86

NSE:ALPA vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Alpa 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.


Alpa Laboratories Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

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

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


NSE:ALPA
73GF Score
Alpa Laboratories Ltd NSE:ALPA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpa 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=66.58/53.92
=1.23

* 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.

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

For example, Alpa Laboratories'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)
=14.921/164.2724*164.2724
=14.921

Current CPI (Mar. 2026) = 164.2724.

Alpa Laboratories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.786 94.103 8.355
201409 9.075 96.780 15.404
201412 6.543 96.780 11.106
201503 6.716 97.163 11.355
201506 3.927 99.841 6.461
201509 5.957 101.753 9.617
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201809 7.173 115.142 10.234
201812 12.340 115.142 17.605
201903 6.538 118.202 9.086
201906 9.648 120.880 13.111
201909 11.175 123.175 14.904
201912 11.504 126.235 14.970
202003 18.836 124.705 24.812
202006 7.760 127.000 10.037
202009 11.559 130.118 14.593
202012 15.739 130.889 19.753
202103 11.298 131.771 14.085
202106 14.933 134.084 18.295
202109 12.492 135.847 15.106
202112 13.937 138.161 16.571
202203 11.113 138.822 13.150
202206 10.699 142.347 12.347
202209 6.705 144.661 7.614
202212 12.965 145.763 14.611
202303 13.767 146.865 15.399
202306 10.191 150.280 11.140
202309 15.388 151.492 16.686
202312 13.142 152.924 14.117
202403 10.743 153.035 11.532
202406 10.183 155.789 10.738
202409 11.875 157.882 12.356
202412 12.426 158.323 12.893
202503 17.851 157.552 18.612
202506 9.078 159.755 9.335
202509 11.670 162.289 11.813
202512 13.738 163.281 13.821
202603 14.921 164.272 14.921

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 1.23 mean?
Alpa Laboratories (NSE:ALPA) has a Cyclically Adjusted PS Ratio of 1.23 as of Jul. 27, 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 Alpa Laboratories and its competitors. This is 29% below median its historical median of 1.74. Over the past decade, Alpa Laboratories' Cyclically Adjusted PS Ratio has ranged from 0.96 to 2.62. According to the industry distribution chart, Alpa Laboratories ranks #256 out of 749 companies in the Drug Manufacturers industry, placing it in the top 34.2%.
Is Alpa Laboratories' Cyclically Adjusted PS Ratio too high?
Alpa Laboratories' current Cyclically Adjusted PS Ratio of 1.23 is 29% below median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.62. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.95. Alpa Laboratories' value of 1.23 is 36.9% below this industry median. Based on the distribution chart, Alpa Laboratories ranks #256 out of 749 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Alpa Laboratories has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alpa Laboratories' Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Alpa Laboratories ranks #256 out of 749 companies for Cyclically Adjusted PS Ratio. This puts Alpa Laboratories in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.95. Alpa Laboratories' value of 1.23 is 36.9% below this benchmark. Historically, Alpa Laboratories' own Cyclically Adjusted PS Ratio has ranged from 0.96 to 2.62 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.95, Alpa Laboratories 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 a Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.95, based on 749 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. Alpa Laboratories's current Cyclically Adjusted PS Ratio of 1.23 is 36.9% 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 Alpa Laboratories and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpa Laboratories's current Cyclically Adjusted PS Ratio is 1.23, which is 29% below median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpa Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Alpa Laboratories (NSE:ALPA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹93.10, compared to a current price of ₹66.58 — trading 28.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.23, which is 29% below median its 10-year median of 1.74 and 36.9% below the Drug Manufacturers industry median of 1.95. Alpa Laboratories' overall GF Score™ is 73/100 with 6 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 Alpa Laboratories (NSE:ALPA), the current Cyclically Adjusted PS Ratio is 1.23 as of Jul. 27, 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 Alpa Laboratories (NSE:ALPA) Overvalued in 2026?

Based on GuruFocus' analysis, Alpa Laboratories stock appears to be undervalued. The current stock price of ₹66.58 is trading 28.5% below its estimated GF Value™ of ₹93.10. GuruFocus considers Alpa Laboratories to be Modestly Undervalued.

Key valuation signals for NSE:ALPA:

  • Cyclically Adjusted PS Ratio: 1.23 (29% below median its 10-year median of 1.74)
  • GF Value™: ₹93.10 vs. price of ₹66.58 (28.5% below fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 36.9% below the Drug Manufacturers median (#256 of 749)

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


Alpa Laboratories Business Description

Other Exchanges 532878:India
Address 33/2, A.B. Road, Pigdamber, Rau, Indore, MP, IND, 453446
Alpa Laboratories Ltd is an India-based pharmaceutical company. It operates in the drug and chemical business segment. The company manufactures and markets pharmaceuticals and related products. It sells products like liquid injection, dry powder injection, tablets, capsules, and ointments.
73GF Score

Get the complete analysis for NSE:ALPA

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

₹66.58
Price
₹93.10
GF Value