Cemindia Projects (NSE:CEMPRO) Cyclically Adjusted PS Ratio: 4.21 (As of Jul. 27, 2026) — 276% Above Median

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NSE:CEMPRO Cemindia Projects Ltd NSE:CEMPRO
80 GF Score
Price ₹1,441.00
GF Value ₹658.42
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cemindia Projects Cyclically Adjusted PS Ratio?

Cemindia Projects NSE:CEMPRO -5.00% 80 Cyclically Adjusted PS Ratio is 4.21 as of Jul. 27, 2026, which is 276% above its 10-year median of 1.12. GuruFocus rates NSE:CEMPRO with a GF Score™ of 80/100 and a GF Value™ of ₹658.42 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,357 Construction companies, Cemindia Projects ranks worse than 91.3% on this metric.

As of today (2026-07-27), Cemindia Projects's current share price is ₹1441.00. Cemindia Projects's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹342.58. Cemindia Projects's Cyclically Adjusted PS Ratio for today is 4.21.

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

NSE:CEMPRO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.12   Max: 4.69
Current: 4.21

During the past years, Cemindia Projects's highest Cyclically Adjusted PS Ratio was 4.69. The lowest was 0.27. And the median was 1.12.

NSE:CEMPRO's Cyclically Adjusted PS Ratio is ranked worse than
91.3% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs NSE:CEMPRO: 4.21

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.

Cemindia Projects's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹173.127. 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 ₹342.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cemindia Projects  (NSE:CEMPRO) 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.


Cemindia Projects Cyclically Adjusted PS Ratio Related Terms


Cemindia Projects Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cemindia Projects'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.

Cemindia Projects Cyclically Adjusted PS Ratio Chart

Cemindia Projects Annual Data
Trend Dec15 Dec16 Dec17 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.46 1.29 1.87 1.49

Cemindia Projects 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 1.87 3.00 2.51 2.39 1.49

NSE:CEMPRO vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Cemindia Projects'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.


Cemindia Projects Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Cemindia Projects's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:CEMPRO
80GF Score
Cemindia Projects Ltd NSE:CEMPRO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cemindia Projects 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.

Cemindia Projects's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1441.00/342.58
=4.21

* 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.

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

For example, Cemindia Projects'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)
=173.127/164.2724*164.2724
=173.127

Current CPI (Mar. 2026) = 164.2724.

Cemindia Projects Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 68.477 102.901 109.318
201603 62.148 102.518 99.584
201606 53.006 105.961 82.176
201609 28.946 105.961 44.875
201612 43.912 105.196 68.572
201703 33.612 105.196 52.488
201706 31.640 107.109 48.526
201709 30.159 109.021 45.443
201712 37.444 109.404 56.223
201803 37.149 109.786 55.586
201806 37.710 111.317 55.650
201809 36.053 115.142 51.437
201906 40.994 120.880 55.710
201909 41.204 123.175 54.952
201912 41.336 126.235 53.791
202003 42.367 124.705 55.809
202006 23.291 127.000 30.126
202009 32.215 130.118 40.671
202012 46.213 130.889 58.000
202103 56.679 131.771 70.659
202106 47.984 134.084 58.787
202109 47.457 135.847 57.387
202112 57.897 138.161 68.839
202203 68.419 138.822 80.962
202206 63.908 142.347 73.751
202209 60.258 144.661 68.427
202212 77.396 145.763 87.224
202303 95.075 146.865 106.344
202306 106.710 150.280 116.646
202309 93.697 151.492 101.602
202312 117.342 152.924 126.050
202403 131.531 153.035 141.190
202406 138.580 155.789 146.126
202409 115.793 157.882 120.480
202412 132.251 158.323 137.221
202503 147.437 157.552 153.726
202506 148.040 159.755 152.226
202509 126.695 162.289 128.243
202512 134.682 163.281 135.500
202603 173.127 164.272 173.127

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 4.21 mean?
Cemindia Projects (NSE:CEMPRO) has a Cyclically Adjusted PS Ratio of 4.21 as of Jul. 27, 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 Cemindia Projects and its competitors. This is 276% above median its historical median of 1.12. Over the past decade, Cemindia Projects' Cyclically Adjusted PS Ratio has ranged from 0.27 to 4.69. According to the industry distribution chart, Cemindia Projects ranks #1239 out of 1357 companies in the Construction industry, placing it in the top 91.3%.
Is Cemindia Projects' Cyclically Adjusted PS Ratio too high?
Cemindia Projects' current Cyclically Adjusted PS Ratio of 4.21 is 276% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 4.69. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Cemindia Projects' value of 4.21 is 501.4% above this industry median. Based on the distribution chart, Cemindia Projects ranks #1239 out of 1357 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Cemindia Projects has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cemindia Projects' Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Cemindia Projects ranks #1239 out of 1357 companies for Cyclically Adjusted PS Ratio. This places Cemindia Projects in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Cemindia Projects' value of 4.21 is 501.4% above this benchmark. Historically, Cemindia Projects' own Cyclically Adjusted PS Ratio has ranged from 0.27 to 4.69 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.70, Cemindia Projects 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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. Cemindia Projects's current Cyclically Adjusted PS Ratio of 4.21 is 501.4% 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 Cemindia Projects and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cemindia Projects's current Cyclically Adjusted PS Ratio is 4.21, which is 276% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemindia Projects stock overvalued right now?
Based on GuruFocus' analysis, Cemindia Projects (NSE:CEMPRO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹658.42, compared to a current price of ₹1,441.00 — trading 118.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.21, which is 276% above median its 10-year median of 1.12 and 501.4% above the Construction industry median of 0.70. Cemindia Projects' overall GF Score™ is 80/100 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 Cemindia Projects (NSE:CEMPRO), the current Cyclically Adjusted PS Ratio is 4.21 as of Jul. 27, 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 Cemindia Projects (NSE:CEMPRO) Overvalued in 2026?

Based on GuruFocus' analysis, Cemindia Projects stock appears to be overvalued. The current stock price of ₹1,441.00 is trading 118.9% above its estimated GF Value™ of ₹658.42. GuruFocus considers Cemindia Projects to be Significantly Overvalued.

Key valuation signals for NSE:CEMPRO:

  • Cyclically Adjusted PS Ratio: 4.21 (276% above median its 10-year median of 1.12)
  • GF Value™: ₹658.42 vs. price of ₹1,441.00 (118.9% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 501.4% above the Construction median (#1239 of 1357)

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


Cemindia Projects Business Description

Other Exchanges 509496:India
Address Gate No. 5, Saki Vihar Road, 9th Floor, Prima Bay, Tower - B, Powai, Mumbai, MH, IND, 400072
Cemindia Projects Ltd engaged in Engineering, Procurement and Construction of a wide variety of structures like maritime structures, Mass Rapid Transport Systems (MRTS), dams & tunnels, airports, highways, bridges & flyovers and other foundations and specialised engineering work. The company's business activities are Maritime Structures; Urban Infrastructure, MRTS and Airports; Industrial Structures and Buildings; Highways, Bridges and Flyovers; Data Centre; Hydro, Dams, Tunnels & Irrigation; Foundation & Specialist Engineering; Water and Wastewater. The company has one segment of Engineering and Construction. The company has presence in India and Outside India. The company generates majority of revenue from India.
80GF Score

Get the complete analysis for NSE:CEMPRO

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

₹1,441.00
Price
₹658.42
GF Value