Apex Frozen Foods (NSE:APEX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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:APEX Apex Frozen Foods Ltd NSE:APEX
72 GF Score
Price ₹345.35
GF Value ₹263.66
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Apex Frozen Foods Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Apex Frozen Foods  (NSE:APEX) 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.


Apex Frozen Foods Cyclically Adjusted PS Ratio Related Terms


Apex Frozen Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apex Frozen Foods'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.

Apex Frozen Foods Cyclically Adjusted PS Ratio Chart

Apex Frozen Foods 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 1.00 0.61 0.61 0.64 1.06

Apex Frozen Foods 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 0.73 0.67 0.82 1.06 1.16

NSE:APEX vs ADM, BG, TSN: Cyclically Adjusted PS Ratio Comparison

For the Farm Products subindustry, Apex Frozen Foods'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.


Apex Frozen Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Apex Frozen Foods's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:APEX
72GF Score
Apex Frozen Foods Ltd NSE:APEX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apex Frozen Foods 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.

Apex Frozen Foods's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Apex Frozen Foods's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=282.197/164.2724*164.2724
=282.197

Current CPI (Mar26) = 164.2724.

Apex Frozen Foods Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 274.747 105.196 429.041
201803 327.363 109.786 489.830
201903 254.876 118.202 354.216
202003 248.173 124.705 326.915
202103 255.217 131.771 318.168
202203 287.048 138.822 339.673
202303 324.717 146.865 363.206
202403 243.444 153.035 261.321
202503 245.807 157.552 256.292
202603 282.197 164.272 282.197

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 Apex Frozen Foods (NSE:APEX) Overvalued in 2026?

Based on GuruFocus' analysis, Apex Frozen Foods stock appears to be overvalued. The current stock price of ₹345.35 is trading 31% above its estimated GF Value™ of ₹263.66. GuruFocus considers Apex Frozen Foods to be Significantly Overvalued.

Key valuation signals for NSE:APEX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹263.66 vs. price of ₹345.35 (31% above fair value)
  • GF Score™: 72/100 with 4 warning signs

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


Apex Frozen Foods Business Description

Other Exchanges 540692:India
Address 3-160, Panasapadu, East Godavari District, Kakinada, AP, IND, 533005
Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. The company supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimps, namely the Whiteleg Shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon), which are sold under the brands owned by the company and its customers, namely Bay Fresh, Bay Harvest, and Bay Premium.
72GF Score

Get the complete analysis for NSE:APEX

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

₹345.35
Price
₹263.66
GF Value