Balaji Amines (NSE:BALAMINES) Cyclically Adjusted PS Ratio: 4.39 (As of Jul. 16, 2026) — 59% 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:BALAMINES Balaji Amines Ltd NSE:BALAMINES
78 GF Score
Price ₹2,314.20
GF Value ₹1,662.89
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Balaji Amines Cyclically Adjusted PS Ratio?

Balaji Amines NSE:BALAMINES +0.12% 78 Cyclically Adjusted PS Ratio is 4.39 as of Jul. 16, 2026, which is 59% above its 10-year median of 2.76. GuruFocus rates NSE:BALAMINES with a GF Score™ of 78/100 and a GF Value™ of ₹1,662.89 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,279 Chemicals companies, Balaji Amines ranks worse than 82.88% on this metric.

As of today (2026-07-16), Balaji Amines's current share price is ₹2314.20. Balaji Amines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹526.72. Balaji Amines's Cyclically Adjusted PS Ratio for today is 4.39.

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

NSE:BALAMINES' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.91   Med: 2.76   Max: 4.59
Current: 4.59

During the past years, Balaji Amines's highest Cyclically Adjusted PS Ratio was 4.59. The lowest was 1.91. And the median was 2.76.

NSE:BALAMINES's Cyclically Adjusted PS Ratio is ranked worse than
82.88% of 1279 companies
in the Chemicals industry
Industry Median: 1.32 vs NSE:BALAMINES: 4.59

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.

Balaji Amines's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹124.853. 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 ₹526.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Balaji Amines  (NSE:BALAMINES) 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.


Balaji Amines Cyclically Adjusted PS Ratio Related Terms


Balaji Amines Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Balaji Amines'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.

Balaji Amines Cyclically Adjusted PS Ratio Chart

Balaji Amines 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 2.34 1.86

Balaji Amines 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 2.34 3.55 2.65 2.13 1.86

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

For the Specialty Chemicals subindustry, Balaji Amines'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.


Balaji Amines Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


NSE:BALAMINES
78GF Score
Balaji Amines Ltd NSE:BALAMINES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Balaji Amines 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.

Balaji Amines's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2314.20/526.72
=4.39

* 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.

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

For example, Balaji Amines'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)
=124.853/164.2724*164.2724
=124.853

Current CPI (Mar. 2026) = 164.2724.

Balaji Amines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201206 42.146 79.567 87.014
201209 38.891 82.244 77.680
201212 33.254 83.774 65.208
201303 43.671 85.687 83.723
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
201809 66.757 115.142 95.242
201812 73.715 115.142 105.169
201903 70.369 118.202 97.796
201906 68.818 120.880 93.522
201909 70.142 123.175 93.545
201912 70.173 126.235 91.317
202003 79.633 124.705 104.900
202006 68.774 127.000 88.958
202009 87.137 130.118 110.009
202012 121.031 130.889 151.900
202103 127.717 131.771 159.219
202106 139.116 134.084 170.437
202109 162.233 135.847 196.180
202112 174.340 138.161 207.289
202203 235.708 138.822 278.921
202206 206.824 142.347 238.680
202209 193.685 144.661 219.942
202212 180.826 145.763 203.788
202303 138.168 146.865 154.545
202306 143.149 150.280 156.477
202309 117.409 151.492 127.314
202312 118.331 152.924 127.112
202403 117.492 153.035 126.120
202406 118.734 155.789 125.200
202409 107.079 157.882 111.413
202412 96.497 158.323 100.123
202503 108.823 157.552 113.465
202506 110.616 159.755 113.744
202509 105.144 162.289 106.429
202512 100.024 163.281 100.631
202603 124.853 164.272 124.853

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 4.39 mean?
Balaji Amines (NSE:BALAMINES) has a Cyclically Adjusted PS Ratio of 4.39 as of Jul. 16, 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 Balaji Amines and its competitors. This is 59% above median its historical median of 2.76. Over the past decade, Balaji Amines' Cyclically Adjusted PS Ratio has ranged from 1.91 to 4.59. According to the industry distribution chart, Balaji Amines ranks #1060 out of 1279 companies in the Chemicals industry, placing it in the top 82.9%.
Is Balaji Amines' Cyclically Adjusted PS Ratio too high?
Balaji Amines' current Cyclically Adjusted PS Ratio of 4.39 is 59% above median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 4.59. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Balaji Amines' value of 4.39 is 232.6% above this industry median. Based on the distribution chart, Balaji Amines ranks #1060 out of 1279 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Balaji Amines has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Balaji Amines' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Balaji Amines ranks #1060 out of 1279 companies for Cyclically Adjusted PS Ratio. This places Balaji Amines in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Balaji Amines' value of 4.39 is 232.6% above this benchmark. Historically, Balaji Amines' own Cyclically Adjusted PS Ratio has ranged from 1.91 to 4.59 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 1.32, Balaji Amines 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 1.32, based on 1,279 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. Balaji Amines's current Cyclically Adjusted PS Ratio of 4.39 is 232.6% 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 Balaji Amines and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balaji Amines's current Cyclically Adjusted PS Ratio is 4.39, which is 59% above median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balaji Amines stock overvalued right now?
Based on GuruFocus' analysis, Balaji Amines (NSE:BALAMINES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,662.89, compared to a current price of ₹2,314.20 — trading 39.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.39, which is 59% above median its 10-year median of 2.76 and 232.6% above the Chemicals industry median of 1.32. Balaji Amines' overall GF Score™ is 78/100 with 9 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 Balaji Amines (NSE:BALAMINES), the current Cyclically Adjusted PS Ratio is 4.39 as of Jul. 16, 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 Balaji Amines (NSE:BALAMINES) Overvalued in 2026?

Based on GuruFocus' analysis, Balaji Amines stock appears to be overvalued. The current stock price of ₹2,314.20 is trading 39.2% above its estimated GF Value™ of ₹1,662.89. GuruFocus considers Balaji Amines to be Significantly Overvalued.

Key valuation signals for NSE:BALAMINES:

  • Cyclically Adjusted PS Ratio: 4.39 (59% above median its 10-year median of 2.76)
  • GF Value™: ₹1,662.89 vs. price of ₹2,314.20 (39.2% above fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 232.6% above the Chemicals median (#1060 of 1279)

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


Balaji Amines Business Description

Other Exchanges 530999:India
Address Plot No. 47, Kavuri Hills, Balaji Bhawan, Behind Jubilee Ridge Hotel, Madhapur, Hyderabad, TG, IND, 500 003
Balaji Amines Ltd is engaged in the manufacture and sale of aliphatic amines, speciality chemicals, and their derivatives. The Company's manufacturing facilities operate through Distributed Control Systems (DCS), indigenous process technologies, and a Zero Liquid Discharge (ZLD) framework. The business operates through the Chemicals and Hotel segments, with the Chemicals segment generating maximum revenue. Its products include amines such as Mono Methyl Amine (MMA), Di-Methyl Amine (DMA) and others; speciality chemicals such as Morpholine, Acetonitrile (ACN), and others; and amine derivatives such as Mono-Methyl Amine Hydrochloride (MMA HCL), Di-Methyl Amine Hydrochloride (DMA HCL) and others. Geographically, the Company generates maximum revenue from India.
78GF Score

Get the complete analysis for NSE:BALAMINES

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

₹2,314.20
Price
₹1,662.89
GF Value