Andhra Paper (NSE:ANDHRAPAP) Cyclically Adjusted PS Ratio: 0.67 (As of Jul. 18, 2026) — 23% Below Median

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NSE:ANDHRAPAP Andhra Paper Ltd NSE:ANDHRAPAP
75 GF Score
Price ₹60.77
GF Value ₹86.33
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Andhra Paper Cyclically Adjusted PS Ratio?

Andhra Paper NSE:ANDHRAPAP -2.17% 75 Cyclically Adjusted PS Ratio is 0.67 as of Jul. 18, 2026, which is 23% below its 10-year median of 0.87. GuruFocus rates NSE:ANDHRAPAP with a GF Score™ of 75/100 and a GF Value™ of ₹86.33 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 247 Forest Products companies, Andhra Paper ranks worse than 62.75% on this metric.

As of today (2026-07-18), Andhra Paper's current share price is ₹60.77. Andhra Paper's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹90.18. Andhra Paper's Cyclically Adjusted PS Ratio for today is 0.67.

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

NSE:ANDHRAPAP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.87   Max: 1.5
Current: 0.7

During the past years, Andhra Paper's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.39. And the median was 0.87.

NSE:ANDHRAPAP's Cyclically Adjusted PS Ratio is ranked worse than
62.75% of 247 companies
in the Forest Products industry
Industry Median: 0.45 vs NSE:ANDHRAPAP: 0.70

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.

Andhra Paper's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹26.609. 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 ₹90.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Andhra Paper  (NSE:ANDHRAPAP) 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.


Andhra Paper Cyclically Adjusted PS Ratio Related Terms


Andhra Paper Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Andhra Paper'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.

Andhra Paper Cyclically Adjusted PS Ratio Chart

Andhra Paper 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 0.79 1.00 1.13 0.80 0.65

Andhra Paper 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 0.80 0.93 0.87 0.76 0.65

Andhra Paper Cyclically Adjusted PS Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Andhra Paper'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.


Andhra Paper Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Andhra Paper's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:ANDHRAPAP
75GF Score
Andhra Paper Ltd NSE:ANDHRAPAP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Andhra Paper 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.

Andhra Paper's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60.77/90.18
=0.67

* 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.

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

For example, Andhra Paper'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)
=26.609/164.2724*164.2724
=26.609

Current CPI (Mar. 2026) = 164.2724.

Andhra Paper Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.620 105.961 22.666
201609 12.066 105.961 18.706
201612 16.016 105.196 25.010
201703 16.264 105.196 25.398
201706 15.645 107.109 23.995
201709 14.354 109.021 21.628
201712 16.505 109.404 24.783
201803 17.085 109.786 25.564
201806 17.092 111.317 25.223
201809 16.884 115.142 24.088
201812 18.916 115.142 26.987
201903 18.048 118.202 25.082
201906 18.521 120.880 25.170
201909 13.636 123.175 18.186
201912 17.600 126.235 22.903
202003 13.485 124.705 17.764
202006 6.090 127.000 7.877
202009 7.781 130.118 9.823
202012 12.496 130.889 15.683
202103 17.862 131.771 22.268
202106 12.989 134.084 15.913
202109 17.587 135.847 21.267
202112 17.422 138.161 20.715
202203 20.751 138.822 24.555
202206 22.731 142.347 26.232
202209 24.370 144.661 27.674
202212 28.707 145.763 32.352
202303 28.947 146.865 32.378
202306 24.019 150.280 26.255
202309 24.219 151.492 26.262
202312 23.982 152.924 25.762
202403 17.465 153.035 18.748
202406 15.861 155.789 16.725
202409 21.757 157.882 22.638
202412 19.536 158.323 20.270
202503 20.228 157.552 21.091
202506 19.758 159.755 20.317
202509 18.227 162.289 18.450
202512 21.255 163.281 21.384
202603 26.609 164.272 26.609

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 0.67 mean?
Andhra Paper (NSE:ANDHRAPAP) has a Cyclically Adjusted PS Ratio of 0.67 as of Jul. 18, 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 Andhra Paper and its competitors. This is 23% below median its historical median of 0.87. Over the past decade, Andhra Paper's Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.50. According to the industry distribution chart, Andhra Paper ranks #155 out of 247 companies in the Forest Products industry, placing it in the top 62.8%.
Is Andhra Paper's Cyclically Adjusted PS Ratio too high?
Andhra Paper's current Cyclically Adjusted PS Ratio of 0.67 is 23% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.50. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. Andhra Paper's value of 0.67 is 48.9% above this industry median. Based on the distribution chart, Andhra Paper ranks #155 out of 247 companies in the Forest Products industry, which is below the industry midpoint. Overall, Andhra Paper has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Andhra Paper's Cyclically Adjusted PS Ratio compare to competitors?
According to the Forest Products industry distribution chart, Andhra Paper ranks #155 out of 247 companies for Cyclically Adjusted PS Ratio. This places Andhra Paper in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Andhra Paper's value of 0.67 is 48.9% above this benchmark. Historically, Andhra Paper's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.50 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 0.45, Andhra Paper 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.45, based on 247 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. Andhra Paper's current Cyclically Adjusted PS Ratio of 0.67 is 48.9% 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 Andhra Paper and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andhra Paper's current Cyclically Adjusted PS Ratio is 0.67, which is 23% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andhra Paper stock overvalued right now?
Based on GuruFocus' analysis, Andhra Paper (NSE:ANDHRAPAP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹86.33, compared to a current price of ₹60.77 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.67, which is 23% below median its 10-year median of 0.87 and 48.9% above the Forest Products industry median of 0.45. Andhra Paper's overall GF Score™ is 75/100 with 5 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 Andhra Paper (NSE:ANDHRAPAP), the current Cyclically Adjusted PS Ratio is 0.67 as of Jul. 18, 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 Andhra Paper (NSE:ANDHRAPAP) Overvalued in 2026?

Based on GuruFocus' analysis, Andhra Paper stock appears to be undervalued. The current stock price of ₹60.77 is trading 29.6% below its estimated GF Value™ of ₹86.33. GuruFocus considers Andhra Paper to be Significantly Undervalued.

Key valuation signals for NSE:ANDHRAPAP:

  • Cyclically Adjusted PS Ratio: 0.67 (23% below median its 10-year median of 0.87)
  • GF Value™: ₹86.33 vs. price of ₹60.77 (29.6% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 48.9% above the Forest Products median (#155 of 247)

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


Andhra Paper Business Description

Other Exchanges 502330:India
Address No. 31, Chowringee Road, Park Street, 1st Floor, Kolkata, WB, IND, 700016
Andhra Paper Ltd is an integrated paper and pulp manufacturer in India. The company is engaged in the business of manufacturing pulp, paper, and paperboard and produces writing, printing, copier, and industrial papers for Indian and international markets. In addition, the company also provides a range of office documentation and multipurpose papers, from economy to premium grades for both home and commercial use. The company generates maximum revenue from its business in India and the rest from the sale of its products outside India.
75GF Score

Get the complete analysis for NSE:ANDHRAPAP

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

₹60.77
Price
₹86.33
GF Value