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BSENSE:BSE -2.16%86 Cyclically Adjusted PS Ratio is 92.33 as of Aug. 13, 2026, which is 1% above its 10-year median of 91.14. GuruFocus rates NSE:BSE with a GF Score™ of 86/100 and a GF Value™ of ₹4,270.70 (Modestly Undervalued). Among 605 Capital Markets companies, BSE ranks worse than 98.51% on this metric.
As of today (2026-08-13), BSE's current share price is ₹3527.00. BSE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹38.20. BSE's Cyclically Adjusted PS Ratio for today is 92.33.
The historical rank and industry rank for BSE's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:BSE'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 59.79 Med: 91.14 Max: 125.51
Current: 94.38
During the past years, BSE's highest Cyclically Adjusted PS Ratio was 125.51. The lowest was 59.79. And the median was 91.14.
NSE:BSE's Cyclically Adjusted PS Ratio is ranked worse than 98.51% of 605
companies
in the Capital Markets industry
Industry Median: 3.47
vs NSE:BSE: 94.38
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.
BSE's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹38.021. 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 ₹38.20 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
BSE (NSE:BSE) 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.
BSE Cyclically Adjusted PS Ratio Related Terms
BSE Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for BSE'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.
NSE:BSE vs SPGI, CME, ICE: Cyclically Adjusted PS Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, BSE'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.
BSE Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BSE's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where BSE's Cyclically Adjusted PS Ratio falls into.
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.
BSE's Cyclically Adjusted PS Ratio for today is calculated as
* 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 92.33 mean?
BSE (NSE:BSE) has a Cyclically Adjusted PS Ratio of 92.33 as of Aug. 13, 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 BSE and its competitors. This is near median its historical median of 91.14. Over the past decade, BSE's Cyclically Adjusted PS Ratio has ranged from 59.79 to 125.51. According to the industry distribution chart, BSE ranks #596 out of 605 companies in the Capital Markets industry, placing it in the top 98.5%.
Is BSE's Cyclically Adjusted PS Ratio too high?
BSE's current Cyclically Adjusted PS Ratio of 92.33 is near median its 10-year median of 91.14. Over the past 10 years, this metric has ranged from a low of 59.79 to a high of 125.51. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.47. BSE's value of 92.33 is 2560.8% above this industry median. Based on the distribution chart, BSE ranks #596 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, BSE has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BSE's Cyclically Adjusted PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #596 out of 605 companies for Cyclically Adjusted PS Ratio. This places BSE in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.47. BSE's value of 92.33 is 2560.8% above this benchmark. Historically, BSE's own Cyclically Adjusted PS Ratio has ranged from 59.79 to 125.51 over the past decade. While the company's 10-year median is 91.14 vs. the industry median of 3.47, BSE 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.47, based on 605 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. BSE's current Cyclically Adjusted PS Ratio of 92.33 is 2560.8% 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 BSE and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current Cyclically Adjusted PS Ratio is 92.33, which is near median its own 10-year median of 91.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹4,270.70, compared to a current price of ₹3,527.00 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 92.33, which is near median its 10-year median of 91.14 and 2560.8% above the Capital Markets industry median of 3.47. BSE's overall GF Score™ is 86/100. 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 BSE (NSE:BSE), the current Cyclically Adjusted PS Ratio is 92.33 as of Aug. 13, 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 BSE (NSE:BSE) Overvalued in 2026?
Based on GuruFocus' analysis, BSE stock appears to be undervalued.
The current stock price of ₹3,527.00 is trading 17.4% below its estimated GF Value™ of ₹4,270.70.
GuruFocus considers BSE to be Modestly Undervalued.
Key valuation signals for NSE:BSE:
Cyclically Adjusted PS Ratio: 92.33 (near median its 10-year median of 91.14)
GF Value™: ₹4,270.70 vs. price of ₹3,527.00 (17.4% below fair value)
Industry Position: 2560.8% above the Capital Markets median (#596 of 605)
No single metric tells the full story. See the NSE:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
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