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Cummins India (NSE:CUMMINSIND) Cyclically Adjusted PS Ratio : 12.18 (As of Jun. 06, 2025)


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What is Cummins India Cyclically Adjusted PS Ratio?

As of today (2025-06-06), Cummins India's current share price is ₹3349.20. Cummins India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹275.02. Cummins India's Cyclically Adjusted PS Ratio for today is 12.18.

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

NSE:CUMMINSIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.9   Med: 6.79   Max: 15.73
Current: 12.07

During the past years, Cummins India's highest Cyclically Adjusted PS Ratio was 15.73. The lowest was 3.90. And the median was 6.79.

NSE:CUMMINSIND's Cyclically Adjusted PS Ratio is ranked worse than
96.67% of 2043 companies
in the Industrial Products industry
Industry Median: 1.73 vs NSE:CUMMINSIND: 12.07

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.

Cummins India's adjusted revenue per share data for the three months ended in Mar. 2025 was ₹87.586. 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 ₹275.02 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cummins India Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cummins India'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.

* Premium members only.

Cummins India Cyclically Adjusted PS Ratio Chart

Cummins India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.95 6.67 11.71 11.10

Cummins India Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11.71 15.10 14.23 12.01 11.10

Competitive Comparison of Cummins India's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Cummins India'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.


Cummins India's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins India's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Cummins India 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.

Cummins India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3349.20/275.02
=12.18

* 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.

Cummins India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Cummins India's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=87.586/157.5517*157.5517
=87.586

Current CPI (Mar. 2025) = 157.5517.

Cummins India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 36.087 91.425 62.188
201403 34.492 91.425 59.440
201406 37.267 94.103 62.394
201409 40.292 96.780 65.593
201412 38.127 96.780 62.068
201503 58.582 97.163 94.992
201506 46.253 99.841 72.989
201509 42.123 101.753 65.222
201512 40.220 102.901 61.581
201603 37.316 102.518 57.348
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 47.076 111.317 66.629
201809 52.709 115.142 72.123
201812 53.135 115.142 72.706
201903 47.748 118.202 63.643
201906 47.772 120.880 62.265
201909 46.806 123.175 59.869
201912 51.638 126.235 64.448
202003 37.608 124.705 47.514
202006 17.606 127.000 21.841
202009 41.553 130.118 50.314
202012 50.754 130.889 61.093
202103 44.746 131.771 53.501
202106 42.494 134.084 49.931
202109 61.024 135.847 70.774
202112 61.670 138.161 70.325
202203 53.310 138.822 60.503
202206 60.126 142.347 66.548
202209 69.560 144.661 75.758
202212 77.536 145.763 83.807
202303 68.442 146.865 73.422
202306 78.810 150.280 82.623
202309 68.302 151.492 71.034
202312 90.550 152.924 93.290
202403 81.962 153.035 84.381
202406 82.036 155.789 82.964
202409 88.922 157.882 88.736
202412 110.126 158.323 109.590
202503 87.586 157.552 87.586

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.


Cummins India  (NSE:CUMMINSIND) 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.


Cummins India Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Cummins India's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Cummins India Business Description

Traded in Other Exchanges
Address
Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi, Pune, MH, IND, 411045
Cummins India Ltd designs and manufactures service engines and engages in allied activities. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. The company's business units are; Engines, Power Systems, Components, and Distribution. Its operating segments are; Engines and Lubes. Maximum revenue is generated from its Engines segment which manufactures engines from 60 HP for low, medium, and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.

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