Bhandari Hosiery Exports (NSE:BHANDARI) Cyclically Adjusted PS Ratio: 0.18 (As of Aug. 09, 2026) — 33% Below Median

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NSE:BHANDARI Bhandari Hosiery Exports Ltd NSE:BHANDARI
62 GF Score
Price ₹2.86
GF Value ₹2.69
Valuation Fairly Valued
! 3 Warning Signs
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What is Bhandari Hosiery Exports Cyclically Adjusted PS Ratio?

Bhandari Hosiery Exports NSE:BHANDARI 62 Cyclically Adjusted PS Ratio is 0.18 as of Aug. 09, 2026, which is 33% below its 10-year median of 0.27. GuruFocus rates NSE:BHANDARI with a GF Score™ of 62/100 and a GF Value™ of ₹2.69 (Fairly Valued). The stock has 3 warning signs investors should review. Among 886 Manufacturing - Apparel & Accessories companies, Bhandari Hosiery Exports ranks better than 84.2% on this metric.

As of today (2026-08-09), Bhandari Hosiery Exports's current share price is ₹2.86. Bhandari Hosiery Exports's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹15.65. Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio for today is 0.18.

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

NSE:BHANDARI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.27   Max: 0.76
Current: 0.18

During the past years, Bhandari Hosiery Exports's highest Cyclically Adjusted PS Ratio was 0.76. The lowest was 0.07. And the median was 0.27.

NSE:BHANDARI's Cyclically Adjusted PS Ratio is ranked better than
84.2% of 886 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs NSE:BHANDARI: 0.18

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.

Bhandari Hosiery Exports's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹2.865. 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 ₹15.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bhandari Hosiery Exports  (NSE:BHANDARI) 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.


Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Related Terms


Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bhandari Hosiery Exports'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.

Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Chart

Bhandari Hosiery Exports 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 0.43 0.23 0.37 0.26 0.13

Bhandari Hosiery Exports 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 0.26 0.29 0.25 0.21 0.13

NSE:BHANDARI vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports'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.


Bhandari Hosiery Exports Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:BHANDARI
62GF Score
Bhandari Hosiery Exports Ltd NSE:BHANDARI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhandari Hosiery Exports 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.

Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.86/15.65
=0.18

* 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.

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

For example, Bhandari Hosiery Exports'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)
=2.865/164.2724*164.2724
=2.865

Current CPI (Mar. 2026) = 164.2724.

Bhandari Hosiery Exports Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.740 105.961 4.248
201609 3.157 105.961 4.894
201612 2.615 105.196 4.084
201703 2.785 105.196 4.349
201706 3.139 107.109 4.814
201709 2.632 109.021 3.966
201712 3.149 109.404 4.728
201803 3.532 109.786 5.285
201806 3.153 111.317 4.653
201809 2.688 115.142 3.835
201812 3.145 115.142 4.487
201903 4.818 118.202 6.696
201906 2.425 120.880 3.296
201909 3.731 123.175 4.976
201912 3.623 126.235 4.715
202003 4.686 124.705 6.173
202006 0.884 127.000 1.143
202009 3.280 130.118 4.141
202012 3.555 130.889 4.462
202103 4.054 131.771 5.054
202106 2.148 134.084 2.632
202109 4.067 135.847 4.918
202112 3.564 138.161 4.238
202203 4.894 138.822 5.791
202206 2.348 142.347 2.710
202209 3.677 144.661 4.175
202212 2.914 145.763 3.284
202303 5.757 146.865 6.439
202306 3.275 150.280 3.580
202309 3.613 151.492 3.918
202312 3.256 152.924 3.498
202403 4.304 153.035 4.620
202406 3.188 155.789 3.362
202409 2.492 157.882 2.593
202412 2.174 158.323 2.256
202503 3.699 157.552 3.857
202506 2.368 159.755 2.435
202509 2.588 162.289 2.620
202512 2.109 163.281 2.122
202603 2.865 164.272 2.865

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 0.18 mean?
Bhandari Hosiery Exports (NSE:BHANDARI) has a Cyclically Adjusted PS Ratio of 0.18 as of Aug. 09, 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 Bhandari Hosiery Exports and its competitors. This is 33% below median its historical median of 0.27. Over the past decade, Bhandari Hosiery Exports' Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.76. According to the industry distribution chart, Bhandari Hosiery Exports ranks #140 out of 886 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.8%.
Is Bhandari Hosiery Exports' Cyclically Adjusted PS Ratio too high?
Bhandari Hosiery Exports' current Cyclically Adjusted PS Ratio of 0.18 is 33% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.76. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Bhandari Hosiery Exports' value of 0.18 is 71.9% below this industry median. Based on the distribution chart, Bhandari Hosiery Exports ranks #140 out of 886 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Bhandari Hosiery Exports has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bhandari Hosiery Exports' Cyclically Adjusted PS Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bhandari Hosiery Exports ranks #140 out of 886 companies for Cyclically Adjusted PS Ratio. This places Bhandari Hosiery Exports in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.64. Bhandari Hosiery Exports' value of 0.18 is 71.9% below this benchmark. Historically, Bhandari Hosiery Exports' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.76 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.64, Bhandari Hosiery Exports has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 886 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. Bhandari Hosiery Exports's current Cyclically Adjusted PS Ratio of 0.18 is 71.9% below 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 Bhandari Hosiery Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhandari Hosiery Exports's current Cyclically Adjusted PS Ratio is 0.18, which is 33% below median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhandari Hosiery Exports stock overvalued right now?
Based on GuruFocus' analysis, Bhandari Hosiery Exports (NSE:BHANDARI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2.69, compared to a current price of ₹2.86 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.18, which is 33% below median its 10-year median of 0.27 and 71.9% below the Manufacturing - Apparel & Accessories industry median of 0.64. Bhandari Hosiery Exports' overall GF Score™ is 62/100 with 3 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 Bhandari Hosiery Exports (NSE:BHANDARI), the current Cyclically Adjusted PS Ratio is 0.18 as of Aug. 09, 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 Bhandari Hosiery Exports (NSE:BHANDARI) Overvalued in 2026?

Based on GuruFocus' analysis, Bhandari Hosiery Exports stock appears to be overvalued. The current stock price of ₹2.86 is trading 6.3% above its estimated GF Value™ of ₹2.69. GuruFocus considers Bhandari Hosiery Exports to be Fairly Valued.

Key valuation signals for NSE:BHANDARI:

  • Cyclically Adjusted PS Ratio: 0.18 (33% below median its 10-year median of 0.27)
  • GF Value™: ₹2.69 vs. price of ₹2.86 (6.3% above fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 71.9% below the Manufacturing - Apparel & Accessories median (#140 of 886)

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


Bhandari Hosiery Exports Business Description

Other Exchanges 512608:India
Address Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007
Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, and knitted tops with embroidery and prints. The majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.
62GF Score

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

₹2.86
Price
₹2.69
GF Value