Emami Realty (NSE:EMAMIREAL) Cyclically Adjusted PS Ratio: 0.87 (As of Jul. 22, 2026) — Near Median

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NSE:EMAMIREAL Emami Realty Ltd NSE:EMAMIREAL
58 GF Score
Price ₹78.44
GF Value ₹117.07
Valuation Possible Value Trap
! 5 Warning Signs
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What is Emami Realty Cyclically Adjusted PS Ratio?

Emami Realty NSE:EMAMIREAL +2.40% 58 Cyclically Adjusted PS Ratio is 0.87 as of Jul. 22, 2026, which is 8% below its 10-year median of 0.95. GuruFocus rates NSE:EMAMIREAL with a GF Score™ of 58/100 and a GF Value™ of ₹117.07 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,359 Real Estate companies, Emami Realty ranks better than 69.02% on this metric.

As of today (2026-07-22), Emami Realty's current share price is ₹78.44. Emami Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹90.16. Emami Realty's Cyclically Adjusted PS Ratio for today is 0.87.

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

NSE:EMAMIREAL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.95   Max: 1.29
Current: 0.86

During the past years, Emami Realty's highest Cyclically Adjusted PS Ratio was 1.29. The lowest was 0.61. And the median was 0.95.

NSE:EMAMIREAL's Cyclically Adjusted PS Ratio is ranked better than
69.02% of 1359 companies
in the Real Estate industry
Industry Median: 1.83 vs NSE:EMAMIREAL: 0.86

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 Realty's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹16.671. 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 ₹90.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emami Realty  (NSE:EMAMIREAL) 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 Realty Cyclically Adjusted PS Ratio Related Terms


Emami Realty Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Emami Realty'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 Realty Cyclically Adjusted PS Ratio Chart

Emami Realty 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 0.00 0.00 0.00 0.00 0.60

Emami Realty 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 0.00 1.19 1.18 0.90 0.60

Emami Realty Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Emami Realty'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 Realty Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emami Realty's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:EMAMIREAL
58GF Score
Emami Realty Ltd NSE:EMAMIREAL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=78.44/90.16
=0.87

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

For example, Emami Realty'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)
=16.671/164.2724*164.2724
=16.671

Current CPI (Mar. 2026) = 164.2724.

Emami Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201609 0.152 105.961 0.236
201703 0.000 105.196 0.000
201709 0.115 109.021 0.173
201803 0.000 109.786 0.000
201806 0.199 111.317 0.294
201809 1.546 115.142 2.206
201812 2.353 115.142 3.357
201903 19.904 118.202 27.662
201906 189.014 120.880 256.865
201909 24.441 123.175 32.596
201912 67.391 126.235 87.697
202003 89.834 124.705 118.337
202006 11.366 127.000 14.702
202009 2.237 130.118 2.824
202012 19.081 130.889 23.948
202103 32.546 131.771 40.574
202106 15.573 134.084 19.079
202109 19.444 135.847 23.513
202112 9.334 138.161 11.098
202203 10.198 138.822 12.068
202206 11.163 142.347 12.882
202209 3.792 144.661 4.306
202212 3.427 145.763 3.862
202303 6.259 146.865 7.001
202306 3.439 150.280 3.759
202309 1.787 151.492 1.938
202312 6.407 152.924 6.882
202403 4.248 153.035 4.560
202406 1.434 155.789 1.512
202409 1.588 157.882 1.652
202412 15.135 158.323 15.704
202503 3.609 157.552 3.763
202506 1.402 159.755 1.442
202509 2.092 162.289 2.118
202512 1.115 163.281 1.122
202603 16.671 164.272 16.671

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 0.87 mean?
Emami Realty (NSE:EMAMIREAL) has a Cyclically Adjusted PS Ratio of 0.87 as of Jul. 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 Emami Realty and its competitors. This is near median its historical median of 0.95. Over the past decade, Emami Realty's Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.29. According to the industry distribution chart, Emami Realty ranks #421 out of 1359 companies in the Real Estate industry, placing it in the top 31%.
Is Emami Realty's Cyclically Adjusted PS Ratio too high?
Emami Realty's current Cyclically Adjusted PS Ratio of 0.87 is near median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.29. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Emami Realty's value of 0.87 is 52.5% below this industry median. Based on the distribution chart, Emami Realty ranks #421 out of 1359 companies in the Real Estate industry, which is above the industry midpoint. Overall, Emami Realty has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Emami Realty's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Emami Realty ranks #421 out of 1359 companies for Cyclically Adjusted PS Ratio. This puts Emami Realty in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Emami Realty's value of 0.87 is 52.5% below this benchmark. Historically, Emami Realty's own Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.29 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 1.83, Emami Realty 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,359 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 Realty's current Cyclically Adjusted PS Ratio of 0.87 is 52.5% 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 Emami Realty and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emami Realty's current Cyclically Adjusted PS Ratio is 0.87, which is near median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emami Realty stock overvalued right now?
Based on GuruFocus' analysis, Emami Realty (NSE:EMAMIREAL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹117.07, compared to a current price of ₹78.44 — trading 33% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is near median its 10-year median of 0.95 and 52.5% below the Real Estate industry median of 1.83. Emami Realty's overall GF Score™ is 58/100 with 5 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 Emami Realty (NSE:EMAMIREAL), the current Cyclically Adjusted PS Ratio is 0.87 as of Jul. 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.

Is Emami Realty (NSE:EMAMIREAL) Overvalued in 2026?

Based on GuruFocus' analysis, Emami Realty stock appears to be undervalued. The current stock price of ₹78.44 is trading 33% below its estimated GF Value™ of ₹117.07. GuruFocus considers Emami Realty to be Possible Value Trap.

Key valuation signals for NSE:EMAMIREAL:

  • Cyclically Adjusted PS Ratio: 0.87 (near median its 10-year median of 0.95)
  • GF Value™: ₹117.07 vs. price of ₹78.44 (33% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 52.5% below the Real Estate median (#421 of 1359)

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


Emami Realty Business Description

Other Exchanges 533218:India
Address 1858/1, Rajdanga Main Road, Acropolis, 13th Floor, Kasba, Kolkata, WB, IND, 700107
Emami Realty Ltd is a real estate development company. It undertakes real estate projects in the residential, commercial, and retail sectors. Geographically, it operates only in India. Some of its projects include Emami City, Emami Tejomaya, Emami Aerocity, Emami Nature, Emami Aastha, and other. The company generates revenue from the sale of trade goods and from the sale of plots and flats. The majority of the revenue is generated from the sale of plots and flats.
58GF Score

Get the complete analysis for NSE:EMAMIREAL

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

₹78.44
Price
₹117.07
GF Value