Empire Industries (NSE:EMPIND) Cyclically Adjusted PS Ratio: (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:EMPIND Empire Industries Ltd NSE:EMPIND
63 GF Score
Price ₹1,173.30
GF Value ₹1,411.37
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Empire Industries Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empire Industries  (NSE:EMPIND) 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.


Empire Industries Cyclically Adjusted PS Ratio Related Terms


Empire Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Empire Industries'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.

Empire Industries Cyclically Adjusted PS Ratio Chart

Empire Industries 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 0.79 0.74 1.03 1.16 0.84

Empire Industries 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 1.16 1.18 1.14 0.99 0.84

NSE:EMPIND vs : Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Empire Industries'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.


Empire Industries Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:EMPIND
63GF Score
Empire Industries Ltd NSE:EMPIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire Industries 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.

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

For example, Empire Industries'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)
=325.675/330.2130*330.2130
=325.675

Current CPI (Mar. 2026) = 330.2130.

Empire Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 96.265 241.018 131.890
201609 158.314 241.428 216.534
201612 168.173 241.432 230.015
201703 201.367 243.801 272.739
201706 171.455 244.955 231.131
201709 150.667 246.819 201.574
201712 172.812 246.524 231.478
201803 293.851 249.554 388.827
201806 181.553 251.989 237.912
201809 208.950 252.439 273.325
201812 215.012 251.233 282.605
201903 17.317 254.202 22.495
201906 214.348 256.143 276.332
201909 235.920 256.759 303.412
201912 266.288 256.974 342.182
202003 -31.798 258.115 -40.680
202006 154.900 257.797 198.412
202009 228.832 260.280 290.315
202012 217.044 260.474 275.155
202103 3.468 264.877 4.323
202106 161.338 271.696 196.086
202109 186.491 274.310 224.497
202112 238.576 278.802 282.569
202203 125.341 287.504 143.961
202206 246.433 296.311 274.628
202209 306.724 296.808 341.245
202212 286.603 296.797 318.871
202303 92.043 301.836 100.696
202306 246.103 305.109 266.352
202309 255.922 307.789 274.567
202312 254.743 306.746 274.232
202403 60.110 312.332 63.551
202406 252.691 314.175 265.590
202409 272.402 315.301 285.285
202412 292.554 315.605 306.095
202503 310.696 319.799 320.814
202506 278.003 322.561 284.598
202509 300.689 324.800 305.700
202512 314.407 324.054 320.383
202603 325.675 330.213 325.675

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.

Is Empire Industries (NSE:EMPIND) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Industries stock appears to be undervalued. The current stock price of ₹1,173.30 is trading 16.9% below its estimated GF Value™ of ₹1,411.37. GuruFocus considers Empire Industries to be Modestly Undervalued.

Key valuation signals for NSE:EMPIND:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,411.37 vs. price of ₹1,173.30 (16.9% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Empire Industries Business Description

Comparable Companies
Other Exchanges 509525:India
Address 414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013
Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.
63GF Score

Get the complete analysis for NSE:EMPIND

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

₹1,173.30
Price
₹1,411.37
GF Value