BSL (NSE:BSL) Cyclically Adjusted PS Ratio: 0.22 (As of Aug. 05, 2026) — 21% Below Median

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NSE:BSL BSL Ltd NSE:BSL
76 GF Score
Price ₹124.87
GF Value ₹197.72
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is BSL Cyclically Adjusted PS Ratio?

BSL NSE:BSL +0.99% 76 Cyclically Adjusted PS Ratio is 0.22 as of Aug. 05, 2026, which is 21% below its 10-year median of 0.28. GuruFocus rates NSE:BSL with a GF Score™ of 76/100 and a GF Value™ of ₹197.72 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 886 Manufacturing - Apparel & Accessories companies, BSL ranks better than 80.47% on this metric.

As of today (2026-08-05), BSL's current share price is ₹124.87. BSL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹574.84. BSL's Cyclically Adjusted PS Ratio for today is 0.22.

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

NSE:BSL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.28   Max: 0.51
Current: 0.21

During the past years, BSL's highest Cyclically Adjusted PS Ratio was 0.51. The lowest was 0.05. And the median was 0.28.

NSE:BSL's Cyclically Adjusted PS Ratio is ranked better than
80.47% of 886 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs NSE:BSL: 0.21

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.

BSL's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹142.974. 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 ₹574.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BSL  (NSE:BSL) 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.


BSL Cyclically Adjusted PS Ratio Related Terms


BSL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BSL'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.

BSL Cyclically Adjusted PS Ratio Chart

BSL 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 0.23 0.31 0.31 0.31 0.18

BSL 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 0.31 0.25 0.28 0.27 0.18

BSL Cyclically Adjusted PS Ratio Competitor Comparison

For the Textile Manufacturing subindustry, BSL'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.


BSL Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


NSE:BSL
76GF Score
BSL Ltd NSE:BSL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BSL 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.

BSL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=124.87/574.84
=0.22

* 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.

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

For example, BSL'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)
=142.974/164.2724*164.2724
=142.974

Current CPI (Mar. 2026) = 164.2724.

BSL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 88.042 105.961 136.492
201609 112.786 105.961 174.853
201612 110.925 105.196 173.219
201703 116.702 105.196 182.240
201706 101.429 107.109 155.561
201709 99.327 109.021 149.665
201712 93.070 109.404 139.747
201803 98.270 109.786 147.041
201806 112.883 111.317 166.584
201809 114.811 115.142 163.800
201812 109.950 115.142 156.865
201903 82.279 118.202 114.348
201906 95.459 120.880 129.726
201909 114.349 123.175 152.502
201912 96.755 126.235 125.909
202003 68.245 124.705 89.898
202006 45.310 127.000 58.608
202009 91.751 130.118 115.835
202012 86.365 130.889 108.392
202103 85.826 131.771 106.995
202106 84.016 134.084 102.932
202109 113.086 135.847 136.749
202112 108.780 138.161 129.339
202203 115.620 138.822 136.817
202206 109.021 142.347 125.813
202209 129.082 144.661 146.581
202212 104.983 145.763 118.314
202303 113.435 146.865 126.880
202306 155.975 150.280 170.498
202309 173.806 151.492 188.469
202312 166.133 152.924 178.461
202403 142.204 153.035 152.647
202406 158.935 155.789 167.590
202409 172.991 157.882 179.993
202412 165.028 158.323 171.229
202503 153.687 157.552 160.243
202506 152.839 159.755 157.161
202509 178.955 162.289 181.142
202512 162.210 163.281 163.195
202603 142.974 164.272 142.974

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 0.22 mean?
BSL (NSE:BSL) has a Cyclically Adjusted PS Ratio of 0.22 as of Aug. 05, 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 BSL and its competitors. This is 21% below median its historical median of 0.28. Over the past decade, BSL's Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.51. According to the industry distribution chart, BSL ranks #173 out of 886 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.5%.
Is BSL's Cyclically Adjusted PS Ratio too high?
BSL's current Cyclically Adjusted PS Ratio of 0.22 is 21% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.51. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. BSL's value of 0.22 is 65.6% below this industry median. Based on the distribution chart, BSL ranks #173 out of 886 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, BSL has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BSL's Cyclically Adjusted PS Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, BSL ranks #173 out of 886 companies for Cyclically Adjusted PS Ratio. This places BSL in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.64. BSL's value of 0.22 is 65.6% below this benchmark. Historically, BSL's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.51 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.64, BSL 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. BSL's current Cyclically Adjusted PS Ratio of 0.22 is 65.6% 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 BSL 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. BSL's current Cyclically Adjusted PS Ratio is 0.22, which is 21% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSL stock overvalued right now?
Based on GuruFocus' analysis, BSL (NSE:BSL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹197.72, compared to a current price of ₹124.87 — trading 36.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.22, which is 21% below median its 10-year median of 0.28 and 65.6% below the Manufacturing - Apparel & Accessories industry median of 0.64. BSL's overall GF Score™ is 76/100 with 9 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 BSL (NSE:BSL), the current Cyclically Adjusted PS Ratio is 0.22 as of Aug. 05, 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 BSL (NSE:BSL) Overvalued in 2026?

Based on GuruFocus' analysis, BSL stock appears to be undervalued. The current stock price of ₹124.87 is trading 36.8% below its estimated GF Value™ of ₹197.72. GuruFocus considers BSL to be Possible Value Trap.

Key valuation signals for NSE:BSL:

  • Cyclically Adjusted PS Ratio: 0.22 (21% below median its 10-year median of 0.28)
  • GF Value™: ₹197.72 vs. price of ₹124.87 (36.8% below fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 65.6% below the Manufacturing - Apparel & Accessories median (#173 of 886)

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


BSL Business Description

Other Exchanges 514045:India
Address 151, Sharat Bose Road, Mandawa Shikhar, Kolkata, WB, IND, 700026
BSL Ltd is in the business of manufacturing of wool, wool-blended and premium lightweight fabrics, Trevira wool, Poly Viscose, Poly Viscose Lycra and other specialized fabrics blended with Cotton, Linen for the formal men's wear & women's wear segment. The company's operation predominantly relates to Textile business.
76GF Score

Get the complete analysis for NSE:BSL

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

₹124.87
Price
₹197.72
GF Value