Dolphin Offshore Enterprises India (NSE:DOLPHIN) Cyclically Adjusted PS Ratio: 0.44 (As of Aug. 20, 2026) — 63% Above Median

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NSE:DOLPHIN Dolphin Offshore Enterprises India Ltd NSE:DOLPHIN
54 GF Score
Price ₹621.60
GF Value ₹2,116.31
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Dolphin Offshore Enterprises India Cyclically Adjusted PS Ratio?

Dolphin Offshore Enterprises India NSE:DOLPHIN +0.38% 54 Cyclically Adjusted PS Ratio is 0.44 as of Aug. 20, 2026, which is 63% above its 10-year median of 0.27. GuruFocus rates NSE:DOLPHIN with a GF Score™ of 54/100 and a GF Value™ of ₹2,116.31 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 714 Oil & Gas companies, Dolphin Offshore Enterprises India ranks better than 75.49% on this metric.

As of today (2026-08-20), Dolphin Offshore Enterprises India's current share price is ₹621.60. Dolphin Offshore Enterprises India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹1,397.97. Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio for today is 0.44.

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

NSE:DOLPHIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.27   Max: 0.36
Current: 0.36

During the past years, Dolphin Offshore Enterprises India's highest Cyclically Adjusted PS Ratio was 0.36. The lowest was 0.19. And the median was 0.27.

NSE:DOLPHIN's Cyclically Adjusted PS Ratio is ranked better than
75.49% of 714 companies
in the Oil & Gas industry
Industry Median: 1.065 vs NSE:DOLPHIN: 0.36

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.

Dolphin Offshore Enterprises India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹10.701. 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 ₹1,397.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dolphin Offshore Enterprises India  (NSE:DOLPHIN) 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.


Dolphin Offshore Enterprises India Cyclically Adjusted PS Ratio Related Terms


Dolphin Offshore Enterprises India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dolphin Offshore Enterprises 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.

Dolphin Offshore Enterprises India Cyclically Adjusted PS Ratio Chart

Dolphin Offshore Enterprises India Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.18 0.28

Dolphin Offshore Enterprises India Quarterly Data
Mar17 Mar18 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.30 0.26 0.33 0.28 0.27

NSE:DOLPHIN vs SLB, BKR, FTI: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Dolphin Offshore Enterprises 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.


Dolphin Offshore Enterprises India Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:DOLPHIN
54GF Score
Dolphin Offshore Enterprises India Ltd NSE:DOLPHIN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dolphin Offshore Enterprises 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.

Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=621.60/1397.97
=0.44

* 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.

Dolphin Offshore Enterprises India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dolphin Offshore Enterprises India's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10.701/167.3573*167.3573
=10.701

Current CPI (Jun. 2026) = 167.3573.

Dolphin Offshore Enterprises India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201206 339.295 79.567 713.661
201209 285.762 82.244 581.492
201212 839.576 83.774 1,677.235
201303 494.108 85.687 965.054
201306 532.772 88.365 1,009.037
201309 212.389 91.042 390.421
201312 317.323 91.425 580.874
201403 643.637 91.425 1,178.206
201406 287.767 94.103 511.781
201409 205.921 96.780 356.088
201412 208.451 96.780 360.463
201503 234.888 97.163 404.581
201506 216.381 99.841 362.708
201509 166.634 101.753 274.069
201512 205.989 102.901 335.019
201603 166.031 102.518 271.039
201606 238.975 105.961 377.442
201609 263.025 105.961 415.427
201612 261.448 105.196 415.940
201703 226.600 105.196 360.500
201803 0.000 109.786 0.000
202203 0.000 138.822 0.000
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202306 0.218 150.280 0.243
202309 0.650 151.492 0.718
202312 0.435 152.924 0.476
202403 0.493 153.035 0.539
202406 2.088 155.789 2.243
202409 4.183 157.882 4.434
202412 7.126 158.323 7.533
202503 5.107 157.552 5.425
202506 4.106 159.755 4.301
202509 6.152 162.289 6.344
202512 7.506 163.281 7.693
202603 11.336 164.272 11.549
202606 10.701 167.357 10.701

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 0.44 mean?
Dolphin Offshore Enterprises India (NSE:DOLPHIN) has a Cyclically Adjusted PS Ratio of 0.44 as of Aug. 20, 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 Dolphin Offshore Enterprises India and its competitors. This is 63% above median its historical median of 0.27. Over the past decade, Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.36. According to the industry distribution chart, Dolphin Offshore Enterprises India ranks #175 out of 714 companies in the Oil & Gas industry, placing it in the top 24.5%.
Is Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio too high?
Dolphin Offshore Enterprises India's current Cyclically Adjusted PS Ratio of 0.44 is 63% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.36. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.07. Dolphin Offshore Enterprises India's value of 0.44 is 58.7% below this industry median. Based on the distribution chart, Dolphin Offshore Enterprises India ranks #175 out of 714 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dolphin Offshore Enterprises India has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dolphin Offshore Enterprises India's Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Dolphin Offshore Enterprises India ranks #175 out of 714 companies for Cyclically Adjusted PS Ratio. This places Dolphin Offshore Enterprises India in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.07. Dolphin Offshore Enterprises India's value of 0.44 is 58.7% below this benchmark. Historically, Dolphin Offshore Enterprises India's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.36 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.07, Dolphin Offshore Enterprises India 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.07, based on 714 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. Dolphin Offshore Enterprises India's current Cyclically Adjusted PS Ratio of 0.44 is 58.7% 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 Dolphin Offshore Enterprises India and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolphin Offshore Enterprises India's current Cyclically Adjusted PS Ratio is 0.44, which is 63% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolphin Offshore Enterprises India stock overvalued right now?
Based on GuruFocus' analysis, Dolphin Offshore Enterprises India (NSE:DOLPHIN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,116.31, compared to a current price of ₹621.60 — trading 70.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 63% above median its 10-year median of 0.27 and 58.7% below the Oil & Gas industry median of 1.07. Dolphin Offshore Enterprises India's overall GF Score™ is 54/100 with 4 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 Dolphin Offshore Enterprises India (NSE:DOLPHIN), the current Cyclically Adjusted PS Ratio is 0.44 as of Aug. 20, 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 Dolphin Offshore Enterprises India (NSE:DOLPHIN) Overvalued in 2026?

Based on GuruFocus' analysis, Dolphin Offshore Enterprises India stock appears to be undervalued. The current stock price of ₹621.60 is trading 70.6% below its estimated GF Value™ of ₹2,116.31. GuruFocus considers Dolphin Offshore Enterprises India to be Significantly Undervalued.

Key valuation signals for NSE:DOLPHIN:

  • Cyclically Adjusted PS Ratio: 0.44 (63% above median its 10-year median of 0.27)
  • GF Value™: ₹2,116.31 vs. price of ₹621.60 (70.6% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 58.7% below the Oil & Gas median (#175 of 714)

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


Dolphin Offshore Enterprises India Business Description

Industry EnergyOil & Gas
Other Exchanges 522261:India
Address S.V. Road, May Fair, A-11, Second Floor, New Fair Co-Operative Housing Society Ltd, Bandra West, Mumbai, MH, IND, 400050
Dolphin Offshore Enterprises India Ltd is a provider of underwater services to the Indian oil and gas industry including underwater diving and engineering, design and engineering, vessel operations and management, rig and ship repairs, marine logistics, and fabrication. It also provides equipments like air compressors, gas compressors, exploration and production equipment, and others. The company operates in the Gulf of Mexico, the Caribbean, Brazil, West Africa, Asia Pacific, Middle East, and domestically.
54GF Score

Get the complete analysis for NSE:DOLPHIN

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

₹621.60
Price
₹2,116.31
GF Value