Ceranitaryware (NSE:CERA) Cyclically Adjusted PS Ratio: 4.36 (As of Aug. 08, 2026) — 17% Below Median

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NSE:CERA Cera Sanitaryware Ltd NSE:CERA
89 GF Score
Price ₹6,062.00
GF Value ₹8,011.45
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ceranitaryware Cyclically Adjusted PS Ratio?

Ceranitaryware NSE:CERA -4.15% 89 Cyclically Adjusted PS Ratio is 4.36 as of Aug. 08, 2026, which is 17% below its 10-year median of 5.26. GuruFocus rates NSE:CERA with a GF Score™ of 89/100 and a GF Value™ of ₹8,011.45 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,367 Construction companies, Ceranitaryware ranks worse than 91.81% on this metric.

As of today (2026-08-08), Ceranitaryware's current share price is ₹6062.00. Ceranitaryware's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹1,390.91. Ceranitaryware's Cyclically Adjusted PS Ratio for today is 4.36.

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

NSE:CERA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.32   Med: 5.26   Max: 8.71
Current: 4.33

During the past years, Ceranitaryware's highest Cyclically Adjusted PS Ratio was 8.71. The lowest was 3.32. And the median was 5.26.

NSE:CERA's Cyclically Adjusted PS Ratio is ranked worse than
91.81% of 1367 companies
in the Construction industry
Industry Median: 0.7 vs NSE:CERA: 4.33

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.

Ceranitaryware's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹499.159. 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 ₹1,390.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceranitaryware  (NSE:CERA) 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.


Ceranitaryware Cyclically Adjusted PS Ratio Related Terms


Ceranitaryware Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ceranitaryware'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.

Ceranitaryware Cyclically Adjusted PS Ratio Chart

Ceranitaryware 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 5.16 6.01 5.75 4.40 3.28

Ceranitaryware 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 4.40 5.28 4.60 3.85 3.28

NSE:CERA vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Ceranitaryware'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.


Ceranitaryware Cyclically Adjusted PS Ratio vs Construction Industry

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

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


NSE:CERA
89GF Score
Cera Sanitaryware Ltd NSE:CERA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ceranitaryware 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6062.00/1390.91
=4.36

* 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.

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

For example, Ceranitaryware'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)
=499.159/164.2724*164.2724
=499.159

Current CPI (Mar. 2026) = 164.2724.

Ceranitaryware Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 196.302 97.163 331.886
201506 146.635 99.841 241.265
201509 173.228 101.753 279.662
201512 179.544 102.901 286.626
201603 203.047 102.518 325.357
201606 164.178 105.961 254.527
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 216.617 111.317 319.667
201809 255.568 115.142 364.618
201812 246.288 115.142 351.378
201903 315.094 118.202 437.905
201906 208.543 120.880 283.404
201909 253.281 123.175 337.788
201912 250.104 126.235 325.465
202003 219.877 124.705 289.641
202006 110.993 127.000 143.567
202009 249.225 130.118 314.644
202012 242.794 130.889 304.719
202103 332.328 131.771 414.298
202106 171.654 134.084 210.301
202109 302.911 135.847 366.294
202112 298.408 138.161 354.806
202203 335.884 138.822 397.463
202206 305.376 142.347 352.411
202209 319.807 144.661 363.162
202212 351.986 145.763 396.683
202303 407.232 146.865 455.501
202306 329.541 150.280 360.224
202309 356.006 151.492 386.040
202312 337.452 152.924 362.493
202403 412.020 153.035 442.276
202406 308.098 155.789 324.876
202409 379.445 157.882 394.803
202412 348.380 158.323 361.472
202503 448.146 157.552 467.263
202506 327.353 159.755 336.609
202509 378.286 162.289 382.909
202512 386.862 163.281 389.211
202603 499.159 164.272 499.159

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 4.36 mean?
Ceranitaryware (NSE:CERA) has a Cyclically Adjusted PS Ratio of 4.36 as of Aug. 08, 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 Ceranitaryware and its competitors. This is 17% below median its historical median of 5.26. Over the past decade, Ceranitaryware's Cyclically Adjusted PS Ratio has ranged from 3.32 to 8.71. According to the industry distribution chart, Ceranitaryware ranks #1255 out of 1367 companies in the Construction industry, placing it in the top 91.8%.
Is Ceranitaryware's Cyclically Adjusted PS Ratio too high?
Ceranitaryware's current Cyclically Adjusted PS Ratio of 4.36 is 17% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 3.32 to a high of 8.71. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Ceranitaryware's value of 4.36 is 522.9% above this industry median. Based on the distribution chart, Ceranitaryware ranks #1255 out of 1367 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ceranitaryware has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ceranitaryware's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Ceranitaryware ranks #1255 out of 1367 companies for Cyclically Adjusted PS Ratio. This places Ceranitaryware in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Ceranitaryware's value of 4.36 is 522.9% above this benchmark. Historically, Ceranitaryware's own Cyclically Adjusted PS Ratio has ranged from 3.32 to 8.71 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 0.70, Ceranitaryware 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 1,367 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. Ceranitaryware's current Cyclically Adjusted PS Ratio of 4.36 is 522.9% 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 Ceranitaryware 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. Ceranitaryware's current Cyclically Adjusted PS Ratio is 4.36, which is 17% below median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceranitaryware stock overvalued right now?
Based on GuruFocus' analysis, Ceranitaryware (NSE:CERA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹8,011.45, compared to a current price of ₹6,062.00 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.36, which is 17% below median its 10-year median of 5.26 and 522.9% above the Construction industry median of 0.70. Ceranitaryware's overall GF Score™ is 89/100 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 Ceranitaryware (NSE:CERA), the current Cyclically Adjusted PS Ratio is 4.36 as of Aug. 08, 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 Ceranitaryware (NSE:CERA) Overvalued in 2026?

Based on GuruFocus' analysis, Ceranitaryware stock appears to be undervalued. The current stock price of ₹6,062.00 is trading 24.3% below its estimated GF Value™ of ₹8,011.45. GuruFocus considers Ceranitaryware to be Modestly Undervalued.

Key valuation signals for NSE:CERA:

  • Cyclically Adjusted PS Ratio: 4.36 (17% below median its 10-year median of 5.26)
  • GF Value™: ₹8,011.45 vs. price of ₹6,062.00 (24.3% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 522.9% above the Construction median (#1255 of 1367)

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


Ceranitaryware Business Description

Other Exchanges 532443:India
Address Ambli BRTS Road, ISKCON Cross Roads, 7th and 8th Floor, B Wing, Privilon, Ahmedabad, GJ, IND, 380 059
Cera Sanitaryware Ltd manufactures, markets, and distributes building products. Some of its products include wash basins, flushing systems, bath accessories, quarter turn, overhead showers, health faucets, bathroom allied products, bathroom accessories, mirrors, and others. Geographically the company has operations only in India.
89GF Score

Get the complete analysis for NSE:CERA

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

₹6,062.00
Price
₹8,011.45
GF Value