Garware Technical Fibres (NSE:GARFIBRES) Cyclically Adjusted PS Ratio: 5.75 (As of Aug. 05, 2026) — Near 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:GARFIBRES Garware Technical Fibres Ltd NSE:GARFIBRES
92 GF Score
Price ₹774.60
GF Value ₹833.60
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Garware Technical Fibres Cyclically Adjusted PS Ratio?

Garware Technical Fibres NSE:GARFIBRES +1.71% 92 Cyclically Adjusted PS Ratio is 5.75 as of Aug. 05, 2026, which is 7% below its 10-year median of 6.16. GuruFocus rates NSE:GARFIBRES with a GF Score™ of 92/100 and a GF Value™ of ₹833.60 (Fairly Valued). The stock has 3 warning signs investors should review. Among 886 Manufacturing - Apparel & Accessories companies, Garware Technical Fibres ranks worse than 94.36% on this metric.

As of today (2026-08-05), Garware Technical Fibres's current share price is ₹774.60. Garware Technical Fibres's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹134.72. Garware Technical Fibres's Cyclically Adjusted PS Ratio for today is 5.75.

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

NSE:GARFIBRES' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.46   Med: 6.16   Max: 7.73
Current: 5.59

During the past years, Garware Technical Fibres's highest Cyclically Adjusted PS Ratio was 7.73. The lowest was 4.46. And the median was 6.16.

NSE:GARFIBRES's Cyclically Adjusted PS Ratio is ranked worse than
94.36% of 886 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs NSE:GARFIBRES: 5.59

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.

Garware Technical Fibres's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹42.973. 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 ₹134.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Garware Technical Fibres  (NSE:GARFIBRES) 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.


Garware Technical Fibres Cyclically Adjusted PS Ratio Related Terms


Garware Technical Fibres Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Garware Technical Fibres'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.

Garware Technical Fibres Cyclically Adjusted PS Ratio Chart

Garware Technical Fibres 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 6.86 4.50

Garware Technical Fibres 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 6.86 7.22 5.71 5.28 4.50

Garware Technical Fibres Cyclically Adjusted PS Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Garware Technical Fibres'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.


Garware Technical Fibres Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GARFIBRES
92GF Score
Garware Technical Fibres Ltd NSE:GARFIBRES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garware Technical Fibres 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.

Garware Technical Fibres's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=774.60/134.72
=5.75

* 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.

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

For example, Garware Technical Fibres'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)
=42.973/164.2724*164.2724
=42.973

Current CPI (Mar. 2026) = 164.2724.

Garware Technical Fibres Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 12.951 82.244 25.868
201212 11.545 83.774 22.639
201303 12.232 85.687 23.450
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 17.015 102.518 27.264
201703 19.194 105.196 29.973
201803 21.465 109.786 32.118
201806 22.327 111.317 32.948
201809 23.931 115.142 34.142
201812 20.299 115.142 28.960
201903 26.095 118.202 36.266
201906 21.230 120.880 28.851
201909 21.240 123.175 28.327
201912 21.549 126.235 28.042
202003 22.370 124.705 29.468
202006 13.929 127.000 18.017
202009 24.856 130.118 31.380
202012 26.055 130.889 32.700
202103 35.269 131.771 43.968
202106 23.586 134.084 28.896
202109 27.334 135.847 33.054
202112 29.888 138.161 35.537
202203 33.352 138.822 39.467
202206 29.533 142.347 34.082
202209 34.532 144.661 39.213
202212 26.638 145.763 30.021
202303 35.191 146.865 39.362
202306 31.957 150.280 34.932
202309 32.216 151.492 34.934
202312 28.395 152.924 30.502
202403 40.020 153.035 42.959
202406 33.869 155.789 35.713
202409 42.339 157.882 44.053
202412 35.316 158.323 36.643
202503 43.571 157.552 45.430
202506 37.006 159.755 38.052
202509 35.023 162.289 35.451
202512 38.989 163.281 39.226
202603 42.973 164.272 42.973

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 5.75 mean?
Garware Technical Fibres (NSE:GARFIBRES) has a Cyclically Adjusted PS Ratio of 5.75 as of Aug. 05, 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 Garware Technical Fibres and its competitors. This is near median its historical median of 6.16. Over the past decade, Garware Technical Fibres' Cyclically Adjusted PS Ratio has ranged from 4.46 to 7.73. According to the industry distribution chart, Garware Technical Fibres ranks #836 out of 886 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 94.4%.
Is Garware Technical Fibres' Cyclically Adjusted PS Ratio too high?
Garware Technical Fibres' current Cyclically Adjusted PS Ratio of 5.75 is near median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 7.73. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Garware Technical Fibres' value of 5.75 is 798.4% above this industry median. Based on the distribution chart, Garware Technical Fibres ranks #836 out of 886 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Garware Technical Fibres has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garware Technical Fibres' Cyclically Adjusted PS Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Garware Technical Fibres ranks #836 out of 886 companies for Cyclically Adjusted PS Ratio. This places Garware Technical Fibres in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Garware Technical Fibres' value of 5.75 is 798.4% above this benchmark. Historically, Garware Technical Fibres' own Cyclically Adjusted PS Ratio has ranged from 4.46 to 7.73 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 0.64, Garware Technical Fibres 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 886 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. Garware Technical Fibres's current Cyclically Adjusted PS Ratio of 5.75 is 798.4% 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 Garware Technical Fibres and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Technical Fibres's current Cyclically Adjusted PS Ratio is 5.75, which is near median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Technical Fibres stock overvalued right now?
Based on GuruFocus' analysis, Garware Technical Fibres (NSE:GARFIBRES) is currently considered Fairly Valued. The stock's GF Value™ is ₹833.60, compared to a current price of ₹774.60 — trading 7.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.75, which is near median its 10-year median of 6.16 and 798.4% above the Manufacturing - Apparel & Accessories industry median of 0.64. Garware Technical Fibres' overall GF Score™ is 92/100 with 3 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 Garware Technical Fibres (NSE:GARFIBRES), the current Cyclically Adjusted PS Ratio is 5.75 as of Aug. 05, 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 Garware Technical Fibres (NSE:GARFIBRES) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Technical Fibres stock appears to be undervalued. The current stock price of ₹774.60 is trading 7.1% below its estimated GF Value™ of ₹833.60. GuruFocus considers Garware Technical Fibres to be Fairly Valued.

Key valuation signals for NSE:GARFIBRES:

  • Cyclically Adjusted PS Ratio: 5.75 (near median its 10-year median of 6.16)
  • GF Value™: ₹833.60 vs. price of ₹774.60 (7.1% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 798.4% above the Manufacturing - Apparel & Accessories median (#836 of 886)

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


Garware Technical Fibres Business Description

Other Exchanges 509557:India
Address Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019
Garware Technical Fibres Ltd is involved in the textile business. It provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. The company and its subsidiaries manufacture and sell various products such as ropes, twine, yarn, fishnet, other nets, and technical textiles. Its operating segments are; Synthetic Cordage, and Fibre and Industrial Products and Projects. The maximum revenue is derived from its Synthetic Cordage segment. Geographically, the company caters to both domestic and international markets of which, maximum revenue is generated from international markets through its customers located outside India.
92GF Score

Get the complete analysis for NSE:GARFIBRES

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

₹774.60
Price
₹833.60
GF Value