Apollo Micro Systems (NSE:APOLLO) Cyclically Adjusted PS Ratio: 22.56 (As of Aug. 04, 2026) — 41% Above Median

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:APOLLO Apollo Micro Systems Ltd NSE:APOLLO
72 GF Score
Price ₹397.35
GF Value ₹214.87
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Apollo Micro Systems Cyclically Adjusted PS Ratio?

Apollo Micro Systems NSE:APOLLO +1.91% 72 Cyclically Adjusted PS Ratio is 22.56 as of Aug. 04, 2026, which is 41% above its 10-year median of 16.01. GuruFocus rates NSE:APOLLO with a GF Score™ of 72/100 and a GF Value™ of ₹214.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 224 Aerospace & Defense companies, Apollo Micro Systems ranks worse than 95.54% on this metric.

As of today (2026-08-04), Apollo Micro Systems's current share price is ₹397.35. Apollo Micro Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹17.61. Apollo Micro Systems's Cyclically Adjusted PS Ratio for today is 22.56.

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

NSE:APOLLO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.1   Med: 16.01   Max: 25.55
Current: 22.38

During the past years, Apollo Micro Systems's highest Cyclically Adjusted PS Ratio was 25.55. The lowest was 11.10. And the median was 16.01.

NSE:APOLLO's Cyclically Adjusted PS Ratio is ranked worse than
95.54% of 224 companies
in the Aerospace & Defense industry
Industry Median: 2.84 vs NSE:APOLLO: 22.38

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.

Apollo Micro Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹8.419. 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 ₹17.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Micro Systems  (NSE:APOLLO) 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.


Apollo Micro Systems Cyclically Adjusted PS Ratio Related Terms


Apollo Micro Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Micro Systems'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.

Apollo Micro Systems Cyclically Adjusted PS Ratio Chart

Apollo Micro Systems 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 0.00 0.00 10.34

Apollo Micro Systems 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 0.00 0.00 0.00 15.95 10.34

NSE:APOLLO vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Apollo Micro Systems'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.


Apollo Micro Systems Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Apollo Micro Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:APOLLO
72GF Score
Apollo Micro Systems Ltd NSE:APOLLO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Micro Systems 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.

Apollo Micro Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=397.35/17.61
=22.56

* 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.

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

For example, Apollo Micro Systems'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)
=8.419/164.2724*164.2724
=8.419

Current CPI (Mar. 2026) = 164.2724.

Apollo Micro Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 3.450 105.196 5.387
201706 2.941 107.109 4.511
201709 3.894 109.021 5.867
201712 2.640 109.404 3.964
201803 4.895 109.786 7.324
201806 2.130 111.317 3.143
201809 3.713 115.142 5.297
201812 2.779 115.142 3.965
201903 4.037 118.202 5.610
201906 2.119 120.880 2.880
201909 2.734 123.175 3.646
201912 3.452 126.235 4.492
202003 3.525 124.705 4.643
202006 1.135 127.000 1.468
202009 3.186 130.118 4.022
202012 1.693 130.889 2.125
202103 3.751 131.771 4.676
202106 1.293 134.084 1.584
202109 2.203 135.847 2.664
202112 3.112 138.161 3.700
202203 5.117 138.822 6.055
202206 2.714 142.347 3.132
202209 2.710 144.661 3.077
202212 3.966 145.763 4.470
202303 5.146 146.865 5.756
202306 2.089 150.280 2.284
202309 2.924 151.492 3.171
202312 3.393 152.924 3.645
202403 4.956 153.035 5.320
202406 3.137 155.789 3.308
202409 5.322 157.882 5.537
202412 4.876 158.323 5.059
202503 5.314 157.552 5.541
202506 3.897 159.755 4.007
202509 6.372 162.289 6.450
202512 6.679 163.281 6.720
202603 8.419 164.272 8.419

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 22.56 mean?
Apollo Micro Systems (NSE:APOLLO) has a Cyclically Adjusted PS Ratio of 22.56 as of Aug. 04, 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 Apollo Micro Systems and its competitors. This is 41% above median its historical median of 16.01. Over the past decade, Apollo Micro Systems' Cyclically Adjusted PS Ratio has ranged from 11.10 to 25.55. According to the industry distribution chart, Apollo Micro Systems ranks #214 out of 224 companies in the Aerospace & Defense industry, placing it in the top 95.5%.
Is Apollo Micro Systems' Cyclically Adjusted PS Ratio too high?
Apollo Micro Systems' current Cyclically Adjusted PS Ratio of 22.56 is 41% above median its 10-year median of 16.01. Over the past 10 years, this metric has ranged from a low of 11.10 to a high of 25.55. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 2.84. Apollo Micro Systems' value of 22.56 is 694.4% above this industry median. Based on the distribution chart, Apollo Micro Systems ranks #214 out of 224 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Apollo Micro Systems has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Micro Systems' Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Apollo Micro Systems ranks #214 out of 224 companies for Cyclically Adjusted PS Ratio. This places Apollo Micro Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.84. Apollo Micro Systems' value of 22.56 is 694.4% above this benchmark. Historically, Apollo Micro Systems' own Cyclically Adjusted PS Ratio has ranged from 11.10 to 25.55 over the past decade. While the company's 10-year median is 16.01 vs. the industry median of 2.84, Apollo Micro Systems 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 2.84, based on 224 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. Apollo Micro Systems's current Cyclically Adjusted PS Ratio of 22.56 is 694.4% 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 Apollo Micro Systems and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Micro Systems's current Cyclically Adjusted PS Ratio is 22.56, which is 41% above median its own 10-year median of 16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Micro Systems stock overvalued right now?
Based on GuruFocus' analysis, Apollo Micro Systems (NSE:APOLLO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹214.87, compared to a current price of ₹397.35 — trading 84.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 22.56, which is 41% above median its 10-year median of 16.01 and 694.4% above the Aerospace & Defense industry median of 2.84. Apollo Micro Systems' overall GF Score™ is 72/100 with 4 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 Apollo Micro Systems (NSE:APOLLO), the current Cyclically Adjusted PS Ratio is 22.56 as of Aug. 04, 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 Apollo Micro Systems (NSE:APOLLO) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Micro Systems stock appears to be overvalued. The current stock price of ₹397.35 is trading 84.9% above its estimated GF Value™ of ₹214.87. GuruFocus considers Apollo Micro Systems to be Significantly Overvalued.

Key valuation signals for NSE:APOLLO:

  • Cyclically Adjusted PS Ratio: 22.56 (41% above median its 10-year median of 16.01)
  • GF Value™: ₹214.87 vs. price of ₹397.35 (84.9% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 694.4% above the Aerospace & Defense median (#214 of 224)

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


Apollo Micro Systems Business Description

Other Exchanges 540879:India
Address Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Hyderabad, TG, IND, 500076
Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.
72GF Score

Get the complete analysis for NSE:APOLLO

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

₹397.35
Price
₹214.87
GF Value