Atul (NSE:ATUL) Cyclically Adjusted PS Ratio: 3.46 (As of Aug. 05, 2026) — Near Median

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NSE:ATUL Atul Ltd NSE:ATUL
91 GF Score
Price ₹6,794.00
GF Value ₹8,541.33
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Atul Cyclically Adjusted PS Ratio?

Atul NSE:ATUL +0.01% 91 Cyclically Adjusted PS Ratio is 3.46 as of Aug. 05, 2026, which is 1% above its 10-year median of 3.44. GuruFocus rates NSE:ATUL with a GF Score™ of 91/100 and a GF Value™ of ₹8,541.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,276 Chemicals companies, Atul ranks worse than 79.31% on this metric.

As of today (2026-08-05), Atul's current share price is ₹6794.00. Atul's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹1,962.36. Atul's Cyclically Adjusted PS Ratio for today is 3.46.

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

NSE:ATUL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.92   Med: 3.44   Max: 4.37
Current: 3.46

During the past years, Atul's highest Cyclically Adjusted PS Ratio was 4.37. The lowest was 2.92. And the median was 3.44.

NSE:ATUL's Cyclically Adjusted PS Ratio is ranked worse than
79.31% of 1276 companies
in the Chemicals industry
Industry Median: 1.285 vs NSE:ATUL: 3.46

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.

Atul's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹627.679. 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 ₹1,962.36 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atul  (NSE:ATUL) 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.


Atul Cyclically Adjusted PS Ratio Related Terms


Atul Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Atul'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.

Atul Cyclically Adjusted PS Ratio Chart

Atul 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 3.38 3.31

Atul 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 4.05 3.22 3.23 3.31 3.29

NSE:ATUL vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Atul'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.


Atul Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Atul's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:ATUL
91GF Score
Atul Ltd NSE:ATUL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atul 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.

Atul's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6794.00/1962.36
=3.46

* 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.

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

For example, Atul'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)
=627.679/166.1454*166.1454
=627.679

Current CPI (Jun. 2026) = 166.1454.

Atul Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 421.783 111.317 629.532
201809 349.085 115.142 503.716
201812 347.775 115.142 501.826
201903 332.643 118.202 467.564
201906 350.802 120.880 482.166
201909 352.515 123.175 475.492
201912 351.187 126.235 462.217
202003 297.401 124.705 396.229
202006 222.711 127.000 291.357
202009 337.848 130.118 431.393
202012 321.271 130.889 407.809
202103 358.951 131.771 452.590
202106 365.117 134.084 452.421
202109 422.484 135.847 516.712
202112 466.494 138.161 560.983
202203 444.006 138.822 531.397
202206 500.000 142.347 583.591
202209 503.698 144.661 578.505
202212 429.595 145.763 489.667
202303 384.211 146.865 434.651
202306 400.522 150.280 442.806
202309 404.428 151.492 443.547
202312 385.577 152.924 418.912
202403 392.084 153.035 425.675
202406 449.035 155.789 478.886
202409 473.108 157.882 497.869
202412 481.178 158.323 504.952
202503 493.101 157.552 519.997
202506 502.038 159.755 522.119
202509 527.087 162.289 539.611
202512 534.518 163.281 543.896
202603 567.236 164.272 573.704
202606 627.679 166.145 627.679

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 3.46 mean?
Atul (NSE:ATUL) has a Cyclically Adjusted PS Ratio of 3.46 as of Aug. 05, 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 Atul and its competitors. This is near median its historical median of 3.44. Over the past decade, Atul's Cyclically Adjusted PS Ratio has ranged from 2.92 to 4.37. According to the industry distribution chart, Atul ranks #1012 out of 1276 companies in the Chemicals industry, placing it in the top 79.3%.
Is Atul's Cyclically Adjusted PS Ratio too high?
Atul's current Cyclically Adjusted PS Ratio of 3.46 is near median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 4.37. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.29. Atul's value of 3.46 is 169.3% above this industry median. Based on the distribution chart, Atul ranks #1012 out of 1276 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Atul has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atul's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Atul ranks #1012 out of 1276 companies for Cyclically Adjusted PS Ratio. This places Atul in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. Atul's value of 3.46 is 169.3% above this benchmark. Historically, Atul's own Cyclically Adjusted PS Ratio has ranged from 2.92 to 4.37 over the past decade. While the company's 10-year median is 3.44 vs. the industry median of 1.29, Atul 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.29, based on 1,276 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. Atul's current Cyclically Adjusted PS Ratio of 3.46 is 169.3% 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 Atul and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atul's current Cyclically Adjusted PS Ratio is 3.46, which is near median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atul stock overvalued right now?
Based on GuruFocus' analysis, Atul (NSE:ATUL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹8,541.33, compared to a current price of ₹6,794.00 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.46, which is near median its 10-year median of 3.44 and 169.3% above the Chemicals industry median of 1.29. Atul's overall GF Score™ is 91/100 with 2 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 Atul (NSE:ATUL), the current Cyclically Adjusted PS Ratio is 3.46 as of Aug. 05, 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 Atul (NSE:ATUL) Overvalued in 2026?

Based on GuruFocus' analysis, Atul stock appears to be undervalued. The current stock price of ₹6,794.00 is trading 20.5% below its estimated GF Value™ of ₹8,541.33. GuruFocus considers Atul to be Modestly Undervalued.

Key valuation signals for NSE:ATUL:

  • Cyclically Adjusted PS Ratio: 3.46 (near median its 10-year median of 3.44)
  • GF Value™: ₹8,541.33 vs. price of ₹6,794.00 (20.5% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 169.3% above the Chemicals median (#1012 of 1276)

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


Atul Business Description

Other Exchanges 500027:India
Address Atul, Ahmedabad, GJ, IND, 396020
Atul Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm's segments are based on its product types. The Performance and other chemicals segment, which generates the majority of its revenue, sells Adhesion promoters, Bulk chemicals, Epoxy resins, Hardeners, Intermediates, and Textile dyes. The Life science chemicals segment sells crop protection products including herbicides, insecticides, and fungicides. The segment also sells pharmaceuticals used to treat depression, diabetes, infections, and cardiovascular diseases. The Others segment includes Agribiotech, Food products, Services, and others. Geographically, the company generates almost half of its revenue in India and the rest from regions outside India.
91GF Score

Get the complete analysis for NSE:ATUL

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

₹6,794.00
Price
₹8,541.33
GF Value