Aplab (NSE:APLAB) Cyclically Adjusted PS Ratio: (As of Aug. 07, 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.
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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:APLAB Aplab Ltd NSE:APLAB
54 GF Score
Price ₹32.50
GF Value ₹20.33
! 2 Warning Signs
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What is Aplab Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aplab  (NSE:APLAB) 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.


Aplab Cyclically Adjusted PS Ratio Related Terms


Aplab Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aplab'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.

Aplab Cyclically Adjusted PS Ratio Chart

Aplab 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 0.82 0.57 1.10

Aplab 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 0.88 1.46 1.40 1.10 1.79

NSE:APLAB vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Aplab'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.


Aplab Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aplab's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:APLAB
54GF Score
Aplab Ltd NSE:APLAB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aplab 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.

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

For example, Aplab'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)
=3.823/166.1454*166.1454
=3.823

Current CPI (Jun. 2026) = 166.1454.

Aplab Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.959 105.961 21.888
201612 14.227 105.196 22.470
201703 25.571 105.196 40.387
201706 17.655 107.109 27.386
201709 10.314 109.021 15.718
201712 12.096 109.404 18.369
201803 17.654 109.786 26.717
201806 11.838 111.317 17.669
201809 12.617 115.142 18.206
201812 8.522 115.142 12.297
201903 12.516 118.202 17.593
201906 9.732 120.880 13.376
201909 9.194 123.175 12.401
201912 11.406 126.235 15.012
202003 13.777 124.705 18.355
202006 8.504 127.000 11.125
202009 9.491 130.118 12.119
202012 12.930 130.889 16.413
202103 15.726 131.771 19.828
202106 7.777 134.084 9.637
202109 6.491 135.847 7.939
202112 11.080 138.161 13.324
202203 12.065 138.822 14.440
202206 6.692 142.347 7.811
202209 6.487 144.661 7.450
202212 5.535 145.763 6.309
202303 11.338 146.865 12.826
202306 5.046 150.280 5.579
202309 6.026 151.492 6.609
202312 6.606 152.924 7.177
202403 9.753 153.035 10.589
202406 5.499 155.789 5.865
202409 7.677 157.882 8.079
202412 7.789 158.323 8.174
202503 11.691 157.552 12.329
202506 6.144 159.755 6.390
202509 6.901 162.289 7.065
202512 6.096 163.281 6.203
202603 5.707 164.272 5.772
202606 3.823 166.145 3.823

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 Aplab (NSE:APLAB) Overvalued in 2026?

Based on GuruFocus' analysis, Aplab stock appears to be overvalued. The current stock price of ₹32.50 is trading 59.9% above its estimated GF Value™ of ₹20.33.

Key valuation signals for NSE:APLAB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹20.33 vs. price of ₹32.50 (59.9% above fair value)
  • GF Score™: 54/100 with 2 warning signs

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


Aplab Business Description

Other Exchanges 890217:India517096:India
Address Thane Belapur Road, Plot No. 12, TTC Industrial Area, Thane, MH, IND, 400708
Aplab Ltd is an India-based company engaged in the business/operations of manufacture, sale, and servicing of professional electronic equipment. The company's products include uninterruptible power supply (UPS) systems, high-power DC systems, solar energy systems, test & measurement instruments, power supplies, banking & retail automation products, fault locating instruments, laboratory instruments, and design & manufacturer services. It has independent product divisions including test and measurement equipment, power conversion and UPS systems, and self-service terminals for the banking sector.
54GF Score

Get the complete analysis for NSE:APLAB

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

₹32.50
Price
₹20.33
GF Value