Aryaman Financial Services (NSE:ARYAMAN) Cyclically Adjusted PS Ratio: (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:ARYAMAN Aryaman Financial Services Ltd NSE:ARYAMAN
59 GF Score
Price ₹587.00
GF Value ₹491.62
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Aryaman Financial Services 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


Aryaman Financial Services  (NSE:ARYAMAN) 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.


Aryaman Financial Services Cyclically Adjusted PS Ratio Related Terms


Aryaman Financial Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aryaman Financial Services'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.

Aryaman Financial Services Cyclically Adjusted PS Ratio Chart

Aryaman Financial Services 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 6.23

Aryaman Financial Services 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 7.79 6.73 6.23

NSE:ARYAMAN vs : Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Aryaman Financial Services'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.


Aryaman Financial Services Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Aryaman Financial Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:ARYAMAN
59GF Score
Aryaman Financial Services Ltd NSE:ARYAMAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aryaman Financial Services 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.

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

For example, Aryaman Financial Services'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)
=10.736/330.2130*330.2130
=10.736

Current CPI (Mar. 2026) = 330.2130.

Aryaman Financial Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201103 0.000 223.467 0.000
201203 0.000 229.392 0.000
201303 0.000 232.773 0.000
201403 0.000 236.293 0.000
201503 0.000 236.119 0.000
201603 0.000 238.132 0.000
201703 0.000 243.801 0.000
201803 0.000 249.554 0.000
201806 19.453 251.989 25.492
201809 16.480 252.439 21.557
201812 20.853 251.233 27.409
201903 17.106 254.202 22.221
201906 15.243 256.143 19.651
201909 22.320 256.759 28.705
201912 25.705 256.974 33.031
202003 13.718 258.115 17.550
202006 8.176 257.797 10.473
202009 42.798 260.280 54.297
202012 39.620 260.474 50.228
202103 26.978 264.877 33.633
202106 33.039 271.696 40.155
202109 10.976 274.310 13.213
202112 6.863 278.802 8.129
202203 20.910 287.504 24.016
202206 7.882 296.311 8.784
202209 6.003 296.808 6.679
202212 29.435 296.797 32.749
202303 10.716 301.836 11.723
202306 9.844 305.109 10.654
202309 27.089 307.789 29.063
202312 19.294 306.746 20.770
202403 5.369 312.332 5.676
202406 9.393 314.175 9.872
202409 27.772 315.301 29.085
202412 32.168 315.605 33.657
202503 42.459 319.799 43.842
202506 30.963 322.561 31.698
202509 19.791 324.800 20.121
202512 20.968 324.054 21.367
202603 10.736 330.213 10.736

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 Aryaman Financial Services (NSE:ARYAMAN) Overvalued in 2026?

Based on GuruFocus' analysis, Aryaman Financial Services stock appears to be overvalued. The current stock price of ₹587.00 is trading 19.4% above its estimated GF Value™ of ₹491.62. GuruFocus considers Aryaman Financial Services to be Modestly Overvalued.

Key valuation signals for NSE:ARYAMAN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹491.62 vs. price of ₹587.00 (19.4% above fair value)
  • GF Score™: 59/100 with 2 warning signs

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


Aryaman Financial Services Business Description

Comparable Companies
Other Exchanges 530245:India
Address Alkesh Dinesh Modi Marg, 60, Khatau Building, Ground Floor, Opp. P. J. Tower (BSE Building), Fort, Mumbai, MH, IND, 400001
Aryaman Financial Services Ltd is engaged in the merchant banking business. The company is engaged in the business of management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. The company generates its revenue from Fees & Commission income, Investment and Dividend income, and Sale of stock-in-trade.
59GF Score

Get the complete analysis for NSE:ARYAMAN

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

₹587.00
Price
₹491.62
GF Value