Amal (NSE:AMAL) Cyclically Adjusted PS Ratio: (As of Aug. 22, 2026)

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:AMAL Amal Ltd NSE:AMAL
66 GF Score
Price ₹772.95
GF Value ₹1,319.84
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Amal 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


Amal  (NSE:AMAL) 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.


Amal Cyclically Adjusted PS Ratio Related Terms


Amal Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Amal'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.

Amal Cyclically Adjusted PS Ratio Chart

Amal 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 11.25 4.91 8.34 13.26 6.11

Amal 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 13.39 15.13 10.82 6.11 7.43

NSE:AMAL vs : Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Amal'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.


Amal Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


NSE:AMAL
66GF Score
Amal Ltd NSE:AMAL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amal 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.

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

For example, Amal'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)
=78.094/333.9520*333.9520
=78.094

Current CPI (Jun. 2026) = 333.9520.

Amal Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.557 241.428 10.453
201612 7.883 241.432 10.904
201703 -18.614 243.801 -25.497
201706 5.525 244.955 7.532
201709 7.686 246.819 10.399
201712 8.755 246.524 11.860
201803 8.393 249.554 11.231
201806 8.917 251.989 11.817
201809 8.850 252.439 11.708
201812 3.403 251.233 4.523
201903 10.496 254.202 13.789
201906 9.198 256.143 11.992
201909 8.518 256.759 11.079
201912 6.715 256.974 8.727
202003 6.962 258.115 9.008
202006 4.745 257.797 6.147
202009 6.467 260.280 8.297
202012 8.803 260.474 11.286
202103 9.194 264.877 11.592
202106 2.691 271.696 3.308
202109 10.431 274.310 12.699
202112 15.483 278.802 18.546
202203 10.923 287.504 12.688
202206 11.017 296.311 12.417
202209 15.095 296.808 16.984
202212 18.391 296.797 20.693
202303 11.971 301.836 13.245
202306 13.576 305.109 14.859
202309 17.998 307.789 19.528
202312 20.897 306.746 22.750
202403 16.926 312.332 18.098
202406 16.526 314.175 17.566
202409 24.310 315.301 25.748
202412 37.044 315.605 39.197
202503 31.497 319.799 32.891
202506 38.285 322.561 39.637
202509 43.679 324.800 44.910
202512 50.624 324.054 52.170
202603 61.290 330.213 61.984
202606 78.094 333.952 78.094

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.

Is Amal (NSE:AMAL) Overvalued in 2026?

Based on GuruFocus' analysis, Amal stock appears to be undervalued. The current stock price of ₹772.95 is trading 41.4% below its estimated GF Value™ of ₹1,319.84. GuruFocus considers Amal to be Possible Value Trap.

Key valuation signals for NSE:AMAL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,319.84 vs. price of ₹772.95 (41.4% below fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Amal Business Description

Comparable Companies
Other Exchanges 506597:India
Address Atul, Valsad, GJ, IND, 396 020
Amal Ltd is engaged in manufacturing and marketing bulk chemicals. The company produces Sulphuric Acid and Oleum and their downstream products such as Sulphur Dioxide and Sulphur Trioxide. Its product is used in Dyestuff, Textile, Electroplating, Breweries and Food Industries. The Company operates in a single business segment which is the manufacturing of bulk chemicals.
66GF Score

Get the complete analysis for NSE:AMAL

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

₹772.95
Price
₹1,319.84
GF Value