Bharat Rasayan (NSE:BHARATRAS) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:BHARATRAS Bharat Rasayan Ltd NSE:BHARATRAS
66 GF Score
Price ₹1,168.80
GF Value ₹2,505.96
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Bharat Rasayan Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bharat Rasayan  (NSE:BHARATRAS) 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 Rasayan Cyclically Adjusted PS Ratio Related Terms


Bharat Rasayan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bharat Rasayan'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 Rasayan Cyclically Adjusted PS Ratio Chart

Bharat Rasayan 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 5.88 3.76 3.23 3.76 1.58

Bharat Rasayan 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 3.72 3.26 2.90 1.55 1.69

NSE:BHARATRAS vs CTVA, CF, MOS: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, Bharat Rasayan'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 Rasayan Cyclically Adjusted PS Ratio vs Agriculture Industry

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

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


NSE:BHARATRAS
66GF Score
Bharat Rasayan Ltd NSE:BHARATRAS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Rasayan 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 Rasayan's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bharat Rasayan'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)
=203.453/167.3573*167.3573
=203.453

Current CPI (Jun. 2026) = 167.3573.

Bharat Rasayan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 114.063 105.961 180.154
201612 76.582 105.196 121.835
201703 77.970 105.196 124.043
201706 99.530 107.109 155.516
201709 143.607 109.021 220.449
201712 111.009 109.404 169.813
201803 113.822 109.786 173.509
201806 144.231 111.317 216.842
201809 167.856 115.142 243.977
201812 111.539 115.142 162.121
201903 160.183 118.202 226.796
201906 208.544 120.880 288.728
201909 215.158 123.175 292.334
201912 131.798 126.235 174.732
202003 159.448 124.705 213.983
202006 165.749 127.000 218.419
202009 187.385 130.118 241.014
202012 130.650 130.889 167.052
202103 158.759 131.771 201.634
202106 151.491 134.084 189.084
202109 161.921 135.847 199.479
202112 201.816 138.161 244.464
202203 267.600 138.822 322.606
202206 196.979 142.347 231.587
202209 175.542 144.661 203.083
202212 186.083 145.763 213.651
202303 184.031 146.865 209.710
202306 143.914 150.280 160.268
202309 158.155 151.492 174.718
202312 140.147 152.924 153.374
202403 186.282 153.035 203.716
202406 169.784 155.789 182.392
202409 197.262 157.882 209.100
202412 154.262 158.323 163.065
202503 184.423 157.552 195.901
202506 227.061 159.755 237.866
202509 172.047 162.289 177.420
202512 162.721 163.281 166.784
202603 185.319 164.272 188.799
202606 203.453 167.357 203.453

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 Rasayan (NSE:BHARATRAS) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Rasayan stock appears to be undervalued. The current stock price of ₹1,168.80 is trading 53.4% below its estimated GF Value™ of ₹2,505.96. GuruFocus considers Bharat Rasayan to be Significantly Undervalued.

Key valuation signals for NSE:BHARATRAS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹2,505.96 vs. price of ₹1,168.80 (53.4% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Bharat Rasayan Business Description

Other Exchanges 590021:India
Address 1501, Vikram Tower, Rajendra Place, New Delhi, IND, 110008
Bharat Rasayan Ltd is engaged in the business of agrochemicals. The company is the manufacturer and exporter of pesticides, technical formulation, and intermediaries. The Company operates only in one business segment which is pesticides. Its product categories include Insecticides; Herbicides; Fungicides and Plant Growth Regulator.
66GF Score

Get the complete analysis for NSE:BHARATRAS

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

₹1,168.80
Price
₹2,505.96
GF Value