Ellenbarrie Industrial Gases (NSE:ELLEN) Cyclically Adjusted PS Ratio: 1.28 (As of Sep. 22, 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ELLEN Ellenbarrie Industrial Gases Ltd NSE:ELLEN
41 GF Score
Price ₹373.45
! 4 Warning Signs
View Full Analysis

What is Ellenbarrie Industrial Gases Cyclically Adjusted PS Ratio?

Ellenbarrie Industrial Gases NSE:ELLEN +0.57% 41 Cyclically Adjusted PS Ratio is 1.28 as of Sep. 22, 2026, which is 24% below its 10-year median of 1.69. GuruFocus rates NSE:ELLEN with a GF Score™ of 41/100. The stock has 4 warning signs investors should review. Among 1,281 Chemicals companies, Ellenbarrie Industrial Gases ranks worse than 69.56% on this metric.

As of today (2026-09-22), Ellenbarrie Industrial Gases's current share price is ₹373.45. Ellenbarrie Industrial Gases's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹291.11. Ellenbarrie Industrial Gases's Cyclically Adjusted PS Ratio for today is 1.28.

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

NSE:ELLEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.69   Max: 2.39
Current: 2.39

During the past years, Ellenbarrie Industrial Gases's highest Cyclically Adjusted PS Ratio was 2.39. The lowest was 1.24. And the median was 1.69.

NSE:ELLEN's Cyclically Adjusted PS Ratio is ranked worse than
69.56% of 1281 companies
in the Chemicals industry
Industry Median: 1.32 vs NSE:ELLEN: 2.39

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.

Ellenbarrie Industrial Gases's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹7.004. 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 ₹291.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ellenbarrie Industrial Gases  (NSE:ELLEN) 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.


Ellenbarrie Industrial Gases Cyclically Adjusted PS Ratio Related Terms


Ellenbarrie Industrial Gases Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ellenbarrie Industrial Gases'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.

Ellenbarrie Industrial Gases Cyclically Adjusted PS Ratio Chart

Ellenbarrie Industrial Gases 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 - - - - 0.69

Ellenbarrie Industrial Gases Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 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 - 1.56 1.12 0.69 0.91

NSE:ELLEN vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Ellenbarrie Industrial Gases'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.


Ellenbarrie Industrial Gases Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ellenbarrie Industrial Gases's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:ELLEN
41GF Score
Ellenbarrie Industrial Gases Ltd NSE:ELLEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ellenbarrie Industrial Gases 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.

Ellenbarrie Industrial Gases's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=373.45/291.106
=1.28

* 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.

Ellenbarrie Industrial Gases's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ellenbarrie Industrial Gases'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)
=7.004/167.3573*167.3573
=7.004

Current CPI (Jun. 2026) = 167.3573.

Ellenbarrie Industrial Gases Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200809 15.622 55.850 46.813
200812 20.636 56.232 61.417
200903 15.814 56.615 46.747
200906 16.204 58.527 46.335
200909 17.310 62.353 46.461
200912 20.793 64.648 53.828
201003 19.418 65.030 49.973
201006 21.722 66.560 54.617
201009 29.322 68.473 71.667
201012 22.149 70.768 52.379
201103 17.963 70.768 42.480
201106 20.731 72.298 47.988
201109 28.307 75.359 62.865
201112 27.395 75.359 60.839
201203 25.983 76.889 56.555
201206 27.464 79.567 57.767
201209 26.852 82.244 54.641
201212 30.207 83.774 60.345
201303 28.766 85.687 56.184
201306 27.751 88.365 52.559
201309 24.466 91.042 44.974
201312 23.469 91.425 42.961
201403 20.257 91.425 37.081
201406 28.506 94.103 50.697
201409 31.646 96.780 54.724
201412 33.661 96.780 58.208
201503 33.997 97.163 58.558
201506 37.329 99.841 62.573
201509 38.041 101.753 62.567
201512 35.768 102.901 58.173
201603 33.697 102.518 55.009
201606 36.745 105.961 58.036
201609 44.029 105.961 69.540
201612 35.424 105.196 56.356
201703 40.392 105.196 64.260
202506 6.346 159.755 6.648
202509 6.327 162.289 6.525
202512 5.772 163.281 5.916
202603 6.204 164.272 6.321
202606 7.004 167.357 7.004

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 1.28 mean?
Ellenbarrie Industrial Gases (NSE:ELLEN) has a Cyclically Adjusted PS Ratio of 1.28 as of Sep. 22, 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 Ellenbarrie Industrial Gases and its competitors. This is 24% below median its historical median of 1.69. Over the past decade, Ellenbarrie Industrial Gases' Cyclically Adjusted PS Ratio has ranged from 1.24 to 2.39. According to the industry distribution chart, Ellenbarrie Industrial Gases ranks #891 out of 1281 companies in the Chemicals industry, placing it in the top 69.6%.
Is Ellenbarrie Industrial Gases' Cyclically Adjusted PS Ratio too high?
Ellenbarrie Industrial Gases' current Cyclically Adjusted PS Ratio of 1.28 is 24% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 2.39. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Ellenbarrie Industrial Gases' value of 1.28 is 3% below this industry median. Based on the distribution chart, Ellenbarrie Industrial Gases ranks #891 out of 1281 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ellenbarrie Industrial Gases has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Ellenbarrie Industrial Gases' Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Ellenbarrie Industrial Gases ranks #891 out of 1281 companies for Cyclically Adjusted PS Ratio. This places Ellenbarrie Industrial Gases in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Ellenbarrie Industrial Gases' value of 1.28 is 3% below this benchmark. Historically, Ellenbarrie Industrial Gases' own Cyclically Adjusted PS Ratio has ranged from 1.24 to 2.39 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.32, Ellenbarrie Industrial Gases 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.32, based on 1,281 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. Ellenbarrie Industrial Gases's current Cyclically Adjusted PS Ratio of 1.28 is 3% 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 Ellenbarrie Industrial Gases and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellenbarrie Industrial Gases's current Cyclically Adjusted PS Ratio is 1.28, which is 24% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellenbarrie Industrial Gases stock overvalued right now?
Ellenbarrie Industrial Gases (NSE:ELLEN) has a current Cyclically Adjusted PS Ratio of 1.28. The current Cyclically Adjusted PS Ratio is 1.28, which is 24% below median its 10-year median of 1.69 and 3% below the Chemicals industry median of 1.32. Ellenbarrie Industrial Gases' overall GF Score™ is 41/100 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 Ellenbarrie Industrial Gases (NSE:ELLEN), the current Cyclically Adjusted PS Ratio is 1.28 as of Sep. 22, 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.

Ellenbarrie Industrial Gases Business Description

Other Exchanges 544421:India
Address 3A, Ripon Street, Kolkata, WB, IND, 700016
Ellenbarrie Industrial Gases Ltd is an Indian industrial and medical gases company. It manufactures and supplies atmospheric and process gases, including oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, and specialty gas mixtures, along with associated equipment and services. The company operates cryogenic and non-cryogenic air separation plants and provides on-site gas generation, cylinder filling, and bulk gas delivery. Its customers span steel, metal fabrication, chemicals, pharmaceuticals, healthcare, food processing, glass, and engineering industries, with hospitals and medical institutions forming a significant medical gases segment. It also offers cryogenic storage tanks, vaporizers, and related engineering services. Revenue is generated primarily through long-term supply contracts, on-site plant arrangements, and the sale of packaged and bulk gases across India, supported by a network of production facilities and distribution depots serving industrial clusters and healthcare providers nationwide.
41GF Score

Get the complete analysis for NSE:ELLEN

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

₹373.45
Price