Emami (NSE:EMAMILTD) Cyclically Adjusted PS Ratio: 4.69 (As of Aug. 03, 2026) — 29% Below Median

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NSE:EMAMILTD Emami Ltd NSE:EMAMILTD
91 GF Score
Price ₹398.05
GF Value ₹588.37
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Emami Cyclically Adjusted PS Ratio?

Emami NSE:EMAMILTD -1.31% 91 Cyclically Adjusted PS Ratio is 4.69 as of Aug. 03, 2026, which is 29% below its 10-year median of 6.59. GuruFocus rates NSE:EMAMILTD with a GF Score™ of 91/100 and a GF Value™ of ₹588.37 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,451 Consumer Packaged Goods companies, Emami ranks worse than 92.9% on this metric.

As of today (2026-08-03), Emami's current share price is ₹398.05. Emami's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹84.89. Emami's Cyclically Adjusted PS Ratio for today is 4.69.

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

NSE:EMAMILTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.54   Med: 6.59   Max: 10.38
Current: 4.68

During the past years, Emami's highest Cyclically Adjusted PS Ratio was 10.38. The lowest was 2.54. And the median was 6.59.

NSE:EMAMILTD's Cyclically Adjusted PS Ratio is ranked worse than
92.9% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs NSE:EMAMILTD: 4.68

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.

Emami's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹21.192. 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 ₹84.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emami  (NSE:EMAMILTD) 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.


Emami Cyclically Adjusted PS Ratio Related Terms


Emami Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Emami'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.

Emami Cyclically Adjusted PS Ratio Chart

Emami 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 6.50 4.84 5.47 7.11 4.63

Emami 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 7.11 6.90 6.41 6.24 4.63

NSE:EMAMILTD vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Emami'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.


Emami Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emami's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:EMAMILTD
91GF Score
Emami Ltd NSE:EMAMILTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emami 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=398.05/84.89
=4.69

* 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.

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

For example, Emami'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)
=21.192/164.2724*164.2724
=21.192

Current CPI (Mar. 2026) = 164.2724.

Emami Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.242 105.961 22.079
201609 12.607 105.961 19.545
201612 15.739 105.196 24.578
201703 12.555 105.196 19.606
201706 10.170 107.109 15.598
201709 13.808 109.021 20.806
201712 16.659 109.404 25.014
201803 13.573 109.786 20.309
201806 13.597 111.317 20.065
201809 13.830 115.142 19.731
201812 17.841 115.142 25.454
201903 14.131 118.202 19.639
201906 14.209 120.880 19.310
201909 14.576 123.175 19.439
201912 17.891 126.235 23.282
202003 11.726 124.705 15.447
202006 10.696 127.000 13.835
202009 16.506 130.118 20.839
202012 20.999 130.889 26.355
202103 16.063 131.771 20.025
202106 14.869 134.084 18.217
202109 17.716 135.847 21.423
202112 21.808 138.161 25.930
202203 16.555 138.822 19.590
202206 17.492 142.347 20.186
202209 18.424 144.661 20.922
202212 22.254 145.763 25.080
202303 17.977 146.865 20.108
202306 18.765 150.280 20.512
202309 19.817 151.492 21.489
202312 22.825 152.924 24.519
202403 19.295 153.035 20.712
202406 20.776 155.789 21.907
202409 20.395 157.882 21.220
202412 24.037 158.323 24.940
202503 22.091 157.552 23.033
202506 20.695 159.755 21.280
202509 18.301 162.289 18.525
202512 26.391 163.281 26.551
202603 21.192 164.272 21.192

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 4.69 mean?
Emami (NSE:EMAMILTD) has a Cyclically Adjusted PS Ratio of 4.69 as of Aug. 03, 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 Emami and its competitors. This is 29% below median its historical median of 6.59. Over the past decade, Emami's Cyclically Adjusted PS Ratio has ranged from 2.54 to 10.38. According to the industry distribution chart, Emami ranks #1348 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 92.9%.
Is Emami's Cyclically Adjusted PS Ratio too high?
Emami's current Cyclically Adjusted PS Ratio of 4.69 is 29% below median its 10-year median of 6.59. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 10.38. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Emami's value of 4.69 is 517.1% above this industry median. Based on the distribution chart, Emami ranks #1348 out of 1451 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Emami has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emami's Cyclically Adjusted PS Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Emami ranks #1348 out of 1451 companies for Cyclically Adjusted PS Ratio. This places Emami in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Emami's value of 4.69 is 517.1% above this benchmark. Historically, Emami's own Cyclically Adjusted PS Ratio has ranged from 2.54 to 10.38 over the past decade. While the company's 10-year median is 6.59 vs. the industry median of 0.76, Emami 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,451 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. Emami's current Cyclically Adjusted PS Ratio of 4.69 is 517.1% 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 Emami and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emami's current Cyclically Adjusted PS Ratio is 4.69, which is 29% below median its own 10-year median of 6.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emami stock overvalued right now?
Based on GuruFocus' analysis, Emami (NSE:EMAMILTD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹588.37, compared to a current price of ₹398.05 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.69, which is 29% below median its 10-year median of 6.59 and 517.1% above the Consumer Packaged Goods industry median of 0.76. Emami's overall GF Score™ is 91/100 with 1 warning sign 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 Emami (NSE:EMAMILTD), the current Cyclically Adjusted PS Ratio is 4.69 as of Aug. 03, 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 Emami (NSE:EMAMILTD) Overvalued in 2026?

Based on GuruFocus' analysis, Emami stock appears to be undervalued. The current stock price of ₹398.05 is trading 32.3% below its estimated GF Value™ of ₹588.37. GuruFocus considers Emami to be Significantly Undervalued.

Key valuation signals for NSE:EMAMILTD:

  • Cyclically Adjusted PS Ratio: 4.69 (29% below median its 10-year median of 6.59)
  • GF Value™: ₹588.37 vs. price of ₹398.05 (32.3% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 517.1% above the Consumer Packaged Goods median (#1348 of 1451)

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


Emami Business Description

Other Exchanges 531162:India
Address Emami Tower, 687, EM Bypass, Anandapur, Kolkata, WB, IND, 700107
Emami Ltd is a fast-moving consumer goods company engaged in the manufacturing and marketing of personal care & healthcare products.. The company's portfolio includes trusted power brands like Navratna, BoroPlus, Fair & Handsome, Zandu Balm, Mentho Plus, and Kesh King. Geographically, the company generates the majority of its revenue from India.
91GF Score

Get the complete analysis for NSE:EMAMILTD

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

₹398.05
Price
₹588.37
GF Value