Gammon India (NSE:GAMMONIND) Cyclically Adjusted PS Ratio: 0.22 (As of Jul. 22, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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.

What is Gammon India Cyclically Adjusted PS Ratio?

Gammon India NSE:GAMMONIND Cyclically Adjusted PS Ratio is 0.22 as of Jul. 22, 2026, which is 5% above its 10-year median of 0.21. The stock has 6 warning signs investors should review.

As of today (2026-07-22), Gammon India's current share price is ₹1.65. Gammon India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹7.60. Gammon India's Cyclically Adjusted PS Ratio for today is 0.22.

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

NSE:GAMMONIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.21   Max: 0.22
Current: 0.22

During the past years, Gammon India's highest Cyclically Adjusted PS Ratio was 0.22. The lowest was 0.21. And the median was 0.21.

NSE:GAMMONIND's Cyclically Adjusted PS Ratio is not ranked
in the Construction industry.
Industry Median: 0.7 vs NSE:GAMMONIND: 0.22

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.

Gammon India's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹2.179. 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 ₹7.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gammon India  (NSE:GAMMONIND) 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.


Gammon India Cyclically Adjusted PS Ratio Related Terms


Gammon India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gammon 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.

Gammon India Cyclically Adjusted PS Ratio Chart

Gammon India 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 0.21 0.22

Gammon India 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 0.21 0.21 0.21 0.22 0.22

NSE:GAMMONIND vs PWR, J: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Gammon 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.


Gammon India Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Gammon India's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Gammon 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.

Gammon India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.65/7.60
=0.22

* 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.

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

For example, Gammon India'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)
=2.179/164.2724*164.2724
=2.179

Current CPI (Mar. 2026) = 164.2724.

Gammon India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201003 0.000 65.030 0.000
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201312 0.000 91.425 0.000
201409 0.000 96.780 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 2.059 111.317 3.039
201809 11.887 115.142 16.959
201812 7.042 115.142 10.047
201903 5.408 118.202 7.516
201906 0.787 120.880 1.070
201909 0.573 123.175 0.764
201912 0.235 126.235 0.306
202003 0.721 124.705 0.950
202006 0.190 127.000 0.246
202009 0.274 130.118 0.346
202012 0.502 130.889 0.630
202103 0.486 131.771 0.606
202106 0.200 134.084 0.245
202109 0.315 135.847 0.381
202112 0.191 138.161 0.227
202203 0.042 138.822 0.050
202206 0.290 142.347 0.335
202209 0.317 144.661 0.360
202212 0.203 145.763 0.229
202303 2.310 146.865 2.584
202306 0.402 150.280 0.439
202309 0.461 151.492 0.500
202312 0.416 152.924 0.447
202403 0.666 153.035 0.715
202406 0.197 155.789 0.208
202409 0.191 157.882 0.199
202412 0.135 158.323 0.140
202503 1.285 157.552 1.340
202506 0.040 159.755 0.041
202509 0.295 162.289 0.299
202512 0.047 163.281 0.047
202603 2.179 164.272 2.179

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 0.22 mean?
Gammon India (NSE:GAMMONIND) has a Cyclically Adjusted PS Ratio of 0.22 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 Gammon India and its competitors. This is near median its historical median of 0.21. Over the past decade, Gammon India's Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.22.
Is Gammon India's Cyclically Adjusted PS Ratio too high?
Gammon India's current Cyclically Adjusted PS Ratio of 0.22 is near median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.22. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Gammon India's value of 0.22 is 68.6% below this industry median.
How does Gammon India's Cyclically Adjusted PS Ratio compare to PWR and J?
Gammon India's Cyclically Adjusted PS Ratio of 0.22 can be compared against companies in the Construction industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Gammon India's value of 0.22 is 68.6% below this benchmark. Historically, Gammon India's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.22 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.70, Gammon 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 a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. Gammon India's current Cyclically Adjusted PS Ratio of 0.22 is 68.6% 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 Gammon India and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gammon India's current Cyclically Adjusted PS Ratio is 0.22, which is near median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gammon India stock overvalued right now?
Gammon India (NSE:GAMMONIND) has a current Cyclically Adjusted PS Ratio of 0.22. The current Cyclically Adjusted PS Ratio is 0.22, which is near median its 10-year median of 0.21 and 68.6% below the Construction industry median of 0.70. 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 Gammon India (NSE:GAMMONIND), the current Cyclically Adjusted PS Ratio is 0.22 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.

Gammon India Business Description

Address J.N. Heredia Marg, Hamilton House, Floor 3rd, Plot No. - 3/8, Ballard Estate, Mumbai, MH, IND, 400038
Gammon India Ltd is engaged in the engineering, procurement, and construction of steam and power generation boilers, water and waste treatment, and flameless combustion technology for the oil and gas, power, and industrial sectors. It undertakes EPC projects including highways, water pipelines, and residential and commercial buildings. Its operations include construction, engineering, designing, material supply, installation, development, project management, and maintenance. The company's operating segments are Real Estate Development and Construction and Engineering, with maximum revenue from the Construction and Engineering segment, and a majority of revenue generated in India.