Bharat Forge (NSE:BHARATFORG) Cyclically Adjusted PS Ratio: (As of Aug. 11, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:BHARATFORG Bharat Forge Ltd NSE:BHARATFORG
69 GF Score
Price ₹2,093.10
GF Value ₹1,168.50
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bharat Forge 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


Bharat Forge  (NSE:BHARATFORG) 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.


Bharat Forge Cyclically Adjusted PS Ratio Related Terms


Bharat Forge Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bharat Forge'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.

Bharat Forge Cyclically Adjusted PS Ratio Chart

Bharat Forge 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 4.44 5.89

Bharat Forge 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 4.86 4.41 5.26 5.89 0.00

NSE:BHARATFORG vs ORLY, AZO: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Bharat Forge'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.


Bharat Forge Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bharat Forge's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:BHARATFORG
69GF Score
Bharat Forge Ltd NSE:BHARATFORG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bharat Forge 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.

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

For example, Bharat Forge'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)
=97.218/166.1454*166.1454
=97.218

Current CPI (Jun. 2026) = 166.1454.

Bharat Forge 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 51.965 111.317 77.560
201809 55.817 115.142 80.542
201812 52.949 115.142 76.403
201903 45.850 118.202 64.447
201906 50.039 120.880 68.777
201909 46.210 123.175 62.331
201912 39.428 126.235 51.893
202003 28.988 124.705 38.621
202006 24.770 127.000 32.405
202009 29.556 130.118 37.740
202012 36.981 130.889 46.942
202103 39.297 131.771 49.548
202106 45.268 134.084 56.092
202109 51.337 135.847 62.787
202112 51.454 138.161 61.876
202203 64.662 138.822 77.389
202206 61.208 142.347 71.441
202209 65.991 144.661 75.792
202212 72.351 145.763 82.468
202303 64.555 146.865 73.030
202306 83.306 150.280 92.101
202309 81.056 151.492 88.896
202312 83.015 152.924 90.192
202403 75.722 153.035 82.209
202406 88.275 155.789 94.143
202409 79.195 157.882 83.340
202412 74.162 158.323 77.826
202503 80.878 157.552 85.290
202506 81.707 159.755 84.975
202509 84.358 162.289 86.362
202512 90.898 163.281 92.493
202603 94.624 164.272 95.703
202606 97.218 166.145 97.218

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 Bharat Forge (NSE:BHARATFORG) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Forge stock appears to be overvalued. The current stock price of ₹2,093.10 is trading 79.1% above its estimated GF Value™ of ₹1,168.50. GuruFocus considers Bharat Forge to be Significantly Overvalued.

Key valuation signals for NSE:BHARATFORG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,168.50 vs. price of ₹2,093.10 (79.1% above fair value)
  • GF Score™: 69/100 with 6 warning signs

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


Bharat Forge Business Description

Other Exchanges 500493:India
Address Mundhwa, Pune Cantonment, Pune, MH, IND, 411036
Bharat Forge Ltd is an Indian multinational engaged in metal forging across different industries. The company has the following business units: automotive, power, oil and gas, construction and mining, rail, marine and aerospace. The automotive unit offers products including powertrain components, machines crankshafts, connecting rods, and piston. The Power business unit manufactures components for thermal, wind, hydro and nuclear applications. The Company divides its business into three reporting segments: "Forgings", "Defense", and "Others". The Forgings segment focuses on manufacturing forged components, while the Defense segment centers around defense-related activities. The "Others" segment encompasses all other businesses not covered by Forgings and Defense.
69GF Score

Get the complete analysis for NSE:BHARATFORG

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

₹2,093.10
Price
₹1,168.50
GF Value