GFL (NSE:GFLLIMITED) Cyclically Adjusted PS Ratio: 0.20 (As of Jul. 24, 2026) — 18% Above Median

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NSE:GFLLIMITED GFL Ltd NSE:GFLLIMITED
62 GF Score
Price ₹44.92
GF Value ₹77.33
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is GFL Cyclically Adjusted PS Ratio?

GFL NSE:GFLLIMITED -0.64% 62 Cyclically Adjusted PS Ratio is 0.20 as of Jul. 24, 2026, which is 18% above its 10-year median of 0.17. GuruFocus rates NSE:GFLLIMITED with a GF Score™ of 62/100 and a GF Value™ of ₹77.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 904 Asset Management companies, GFL ranks better than 96.46% on this metric.

As of today (2026-07-24), GFL's current share price is ₹44.92. GFL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹219.52. GFL's Cyclically Adjusted PS Ratio for today is 0.20.

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

NSE:GFLLIMITED' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.17   Max: 0.28
Current: 0.2

During the past years, GFL's highest Cyclically Adjusted PS Ratio was 0.28. The lowest was 0.12. And the median was 0.17.

NSE:GFLLIMITED's Cyclically Adjusted PS Ratio is ranked better than
96.46% of 904 companies
in the Asset Management industry
Industry Median: 7.61 vs NSE:GFLLIMITED: 0.20

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.

GFL's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹0.064. 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 ₹219.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GFL  (NSE:GFLLIMITED) 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.


GFL Cyclically Adjusted PS Ratio Related Terms


GFL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GFL'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.

GFL Cyclically Adjusted PS Ratio Chart

GFL 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 0.18 0.12 0.18 0.17 0.17

GFL 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 0.17 0.22 0.22 0.23 0.17

NSE:GFLLIMITED vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, GFL'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.


GFL Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, GFL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GFLLIMITED
62GF Score
GFL Ltd NSE:GFLLIMITED
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GFL 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.92/219.52
=0.20

* 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.

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

For example, GFL'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)
=0.064/164.2724*164.2724
=0.064

Current CPI (Mar. 2026) = 164.2724.

GFL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 134.314 105.961 208.228
201609 171.635 105.961 266.087
201612 164.948 105.196 257.580
201703 164.202 105.196 256.415
201706 96.173 107.109 147.500
201709 79.690 109.021 120.076
201712 88.208 109.404 132.446
201803 86.469 109.786 129.383
201806 61.472 111.317 90.716
201809 74.126 115.142 105.755
201812 75.264 115.142 107.379
201903 59.393 118.202 82.542
201906 72.523 120.880 98.557
201909 59.750 123.175 79.686
201912 46.442 126.235 60.436
202003 34.542 124.705 45.502
202006 0.012 127.000 0.016
202009 0.058 130.118 0.073
202012 1.214 130.889 1.524
202103 7.706 131.771 9.607
202106 1.878 134.084 2.301
202109 4.202 135.847 5.081
202112 26.877 138.161 31.957
202203 -32.821 138.822 -38.838
202206 0.062 142.347 0.072
202209 0.062 144.661 0.070
202212 0.058 145.763 0.065
202303 0.055 146.865 0.062
202306 0.055 150.280 0.060
202309 0.053 151.492 0.057
202312 0.053 152.924 0.057
202403 0.048 153.035 0.052
202406 0.051 155.789 0.054
202409 0.053 157.882 0.055
202412 0.051 158.323 0.053
202503 0.050 157.552 0.052
202506 0.051 159.755 0.052
202509 0.063 162.289 0.064
202512 0.064 163.281 0.064
202603 0.064 164.272 0.064

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 0.20 mean?
GFL (NSE:GFLLIMITED) has a Cyclically Adjusted PS Ratio of 0.20 as of Jul. 24, 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 GFL and its competitors. This is 18% above median its historical median of 0.17. Over the past decade, GFL's Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.28. According to the industry distribution chart, GFL ranks #32 out of 904 companies in the Asset Management industry, placing it in the top 3.5%.
Is GFL's Cyclically Adjusted PS Ratio too high?
GFL's current Cyclically Adjusted PS Ratio of 0.20 is 18% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.28. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.61. GFL's value of 0.20 is 97.4% below this industry median. Based on the distribution chart, GFL ranks #32 out of 904 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, GFL has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GFL's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, GFL ranks #32 out of 904 companies for Cyclically Adjusted PS Ratio. This places GFL in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.61. GFL's value of 0.20 is 97.4% below this benchmark. Historically, GFL's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.28 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 7.61, GFL 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.61, based on 904 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. GFL's current Cyclically Adjusted PS Ratio of 0.20 is 97.4% 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 GFL and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFL's current Cyclically Adjusted PS Ratio is 0.20, which is 18% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFL stock overvalued right now?
Based on GuruFocus' analysis, GFL (NSE:GFLLIMITED) is currently considered Possible Value Trap. The stock's GF Value™ is ₹77.33, compared to a current price of ₹44.92 — trading 41.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.20, which is 18% above median its 10-year median of 0.17 and 97.4% below the Asset Management industry median of 7.61. GFL's overall GF Score™ is 62/100 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 GFL (NSE:GFLLIMITED), the current Cyclically Adjusted PS Ratio is 0.20 as of Jul. 24, 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 GFL (NSE:GFLLIMITED) Overvalued in 2026?

Based on GuruFocus' analysis, GFL stock appears to be undervalued. The current stock price of ₹44.92 is trading 41.9% below its estimated GF Value™ of ₹77.33. GuruFocus considers GFL to be Possible Value Trap.

Key valuation signals for NSE:GFLLIMITED:

  • Cyclically Adjusted PS Ratio: 0.20 (18% above median its 10-year median of 0.17)
  • GF Value™: ₹77.33 vs. price of ₹44.92 (41.9% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 97.4% below the Asset Management median (#32 of 904)

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


GFL Business Description

Other Exchanges 500173:India
Address Dr. Annie Besant Road, Ceejay House, 7th Floor, Worli, Mumbai, MH, IND, 400018
GFL Ltd is an investment holding company. The group has a single operating segment i.e. Investments and allied activities. It includes operating and managing multiplex cinema theatres. It generates maximum revenue from the box office followed by food and beverages.
62GF Score

Get the complete analysis for NSE:GFLLIMITED

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

₹44.92
Price
₹77.33
GF Value