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Balu Forge IndustriesNSE:BALUFORGE -1.88%74 Cyclically Adjusted PS Ratio is 9.31 as of Jul. 30, 2026, which is 21% below its 10-year median of 11.74. GuruFocus rates NSE:BALUFORGE with a GF Score™ of 74/100 and a GF Value™ of ₹635.54 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,299 Industrial Products companies, Balu Forge Industries ranks worse than 92.82% on this metric.
The historical rank and industry rank for Balu Forge Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:BALUFORGE'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.91 Med: 11.74 Max: 39.09
Current: 9.32
During the past years, Balu Forge Industries's highest Cyclically Adjusted PS Ratio was 39.09. The lowest was 3.91. And the median was 11.74.
NSE:BALUFORGE's Cyclically Adjusted PS Ratio is ranked worse than 92.82% of 2299
companies
in the Industrial Products industry
Industry Median: 1.71
vs NSE:BALUFORGE: 9.32
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.
Balu Forge Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹25.459. 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 ₹46.50 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Balu Forge Industries (NSE:BALUFORGE) 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.
Balu Forge Industries Cyclically Adjusted PS Ratio Related Terms
Balu Forge Industries Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Balu Forge Industries'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.
Balu Forge Industries Cyclically Adjusted PS Ratio Chart
NSE:BALUFORGE vs CRS, ATI, MLI: Cyclically Adjusted PS Ratio Comparison
For the Metal Fabrication subindustry, Balu Forge Industries'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.
Balu Forge Industries Cyclically Adjusted PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Balu Forge Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Balu Forge Industries's Cyclically Adjusted PS Ratio falls into.
Balu Forge Industries 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.
* 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.
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 9.31 mean?
Balu Forge Industries (NSE:BALUFORGE) has a Cyclically Adjusted PS Ratio of 9.31 as of Jul. 30, 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 Balu Forge Industries and its competitors. This is 21% below median its historical median of 11.74. Over the past decade, Balu Forge Industries' Cyclically Adjusted PS Ratio has ranged from 3.91 to 39.09. According to the industry distribution chart, Balu Forge Industries ranks #2134 out of 2299 companies in the Industrial Products industry, placing it in the top 92.8%.
Is Balu Forge Industries' Cyclically Adjusted PS Ratio too high?
Balu Forge Industries' current Cyclically Adjusted PS Ratio of 9.31 is 21% below median its 10-year median of 11.74. Over the past 10 years, this metric has ranged from a low of 3.91 to a high of 39.09. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Balu Forge Industries' value of 9.31 is 444.4% above this industry median. Based on the distribution chart, Balu Forge Industries ranks #2134 out of 2299 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Balu Forge Industries has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Balu Forge Industries' Cyclically Adjusted PS Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Balu Forge Industries ranks #2134 out of 2299 companies for Cyclically Adjusted PS Ratio. This places Balu Forge Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.71. Balu Forge Industries' value of 9.31 is 444.4% above this benchmark. Historically, Balu Forge Industries' own Cyclically Adjusted PS Ratio has ranged from 3.91 to 39.09 over the past decade. While the company's 10-year median is 11.74 vs. the industry median of 1.71, Balu Forge Industries 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 Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, based on 2,299 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. Balu Forge Industries's current Cyclically Adjusted PS Ratio of 9.31 is 444.4% 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 Balu Forge Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balu Forge Industries's current Cyclically Adjusted PS Ratio is 9.31, which is 21% below median its own 10-year median of 11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balu Forge Industries stock overvalued right now?
Based on GuruFocus' analysis, Balu Forge Industries (NSE:BALUFORGE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹635.54, compared to a current price of ₹433.00 — trading 31.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.31, which is 21% below median its 10-year median of 11.74 and 444.4% above the Industrial Products industry median of 1.71. Balu Forge Industries' overall GF Score™ is 74/100 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 Balu Forge Industries (NSE:BALUFORGE), the current Cyclically Adjusted PS Ratio is 9.31 as of Jul. 30, 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 Balu Forge Industries (NSE:BALUFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Balu Forge Industries stock appears to be undervalued.
The current stock price of ₹433.00 is trading 31.9% below its estimated GF Value™ of ₹635.54.
GuruFocus considers Balu Forge Industries to be Possible Value Trap.
Key valuation signals for NSE:BALUFORGE:
Cyclically Adjusted PS Ratio: 9.31 (21% below median its 10-year median of 11.74)
GF Value™: ₹635.54 vs. price of ₹433.00 (31.9% below fair value)
Industry Position: 444.4% above the Industrial Products median (#2134 of 2299)
No single metric tells the full story. See the NSE:BALUFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balu Forge Industries Ltd is engaged in the business of steel forging. The company is a supplier of crankshafts to Original Equipment Manufacturers (OEMs) in India and other countries. It serves railways; car manufacturers; industrial vehicles; defense; oil and gas; agriculture; pumps and other industries. It has a single operating segment: Manufacturing and selling Steel Forging Products. Geographically, the company derives a majority of its revenue from outside India.
74GF Score
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