GHCL (NSE:GHCL) Cyclically Adjusted PS Ratio: 1.08 (As of Aug. 05, 2026) — 23% Below Median

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NSE:GHCL GHCL Ltd NSE:GHCL
72 GF Score
Price ₹445.10
GF Value ₹540.34
Valuation Modestly Undervalued
! 1 Warning Sign
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What is GHCL Cyclically Adjusted PS Ratio?

GHCL NSE:GHCL +0.23% 72 Cyclically Adjusted PS Ratio is 1.08 as of Aug. 05, 2026, which is 23% below its 10-year median of 1.41. GuruFocus rates NSE:GHCL with a GF Score™ of 72/100 and a GF Value™ of ₹540.34 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,276 Chemicals companies, GHCL ranks better than 56.66% on this metric.

As of today (2026-08-05), GHCL's current share price is ₹445.10. GHCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹411.56. GHCL's Cyclically Adjusted PS Ratio for today is 1.08.

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

NSE:GHCL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.41   Max: 1.85
Current: 1.06

During the past years, GHCL's highest Cyclically Adjusted PS Ratio was 1.85. The lowest was 1.04. And the median was 1.41.

NSE:GHCL's Cyclically Adjusted PS Ratio is ranked better than
56.66% of 1276 companies
in the Chemicals industry
Industry Median: 1.285 vs NSE:GHCL: 1.06

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.

GHCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹83.877. 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 ₹411.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GHCL  (NSE:GHCL) 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.


GHCL Cyclically Adjusted PS Ratio Related Terms


GHCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GHCL'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.

GHCL Cyclically Adjusted PS Ratio Chart

GHCL 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 1.10 1.51 1.03

GHCL 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 1.51 1.50 1.47 1.37 1.03

NSE:GHCL vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, GHCL'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.


GHCL Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, GHCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GHCL
72GF Score
GHCL Ltd NSE:GHCL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GHCL 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=445.10/411.56
=1.08

* 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.

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

For example, GHCL'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)
=83.877/164.2724*164.2724
=83.877

Current CPI (Mar. 2026) = 164.2724.

GHCL 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
201606 68.262 105.961 105.827
201703 0.000 105.196 0.000
201706 75.533 107.109 115.845
201803 0.000 109.786 0.000
201806 77.483 111.317 114.344
201809 83.835 115.142 119.607
201812 85.780 115.142 122.382
201903 91.821 118.202 127.609
201906 89.946 120.880 122.234
201909 84.596 123.175 112.821
201912 85.326 126.235 111.036
202003 76.050 124.705 100.180
202006 47.481 127.000 61.416
202009 84.890 130.118 107.173
202012 74.344 130.889 93.305
202103 75.544 131.771 94.177
202106 73.412 134.084 89.940
202109 84.043 135.847 101.629
202112 105.238 138.161 125.127
202203 57.139 138.822 67.614
202206 120.184 142.347 138.695
202209 122.974 144.661 139.645
202212 115.220 145.763 129.851
202303 118.777 146.865 132.856
202306 106.849 150.280 116.798
202309 84.480 151.492 91.607
202312 83.723 152.924 89.936
202403 85.364 153.035 91.633
202406 87.002 155.789 91.740
202409 83.053 157.882 86.415
202412 81.563 158.323 84.628
202503 81.647 157.552 85.130
202506 83.226 159.755 85.579
202509 75.374 162.289 76.295
202512 80.357 163.281 80.845
202603 83.877 164.272 83.877

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 1.08 mean?
GHCL (NSE:GHCL) has a Cyclically Adjusted PS Ratio of 1.08 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 GHCL and its competitors. This is 23% below median its historical median of 1.41. Over the past decade, GHCL's Cyclically Adjusted PS Ratio has ranged from 1.04 to 1.85. According to the industry distribution chart, GHCL ranks #553 out of 1276 companies in the Chemicals industry, placing it in the top 43.3%.
Is GHCL's Cyclically Adjusted PS Ratio too high?
GHCL's current Cyclically Adjusted PS Ratio of 1.08 is 23% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 1.85. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.29. GHCL's value of 1.08 is 16% below this industry median. Based on the distribution chart, GHCL ranks #553 out of 1276 companies in the Chemicals industry, which is above the industry midpoint. Overall, GHCL has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GHCL's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, GHCL ranks #553 out of 1276 companies for Cyclically Adjusted PS Ratio. This puts GHCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. GHCL's value of 1.08 is 16% below this benchmark. Historically, GHCL's own Cyclically Adjusted PS Ratio has ranged from 1.04 to 1.85 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.29, GHCL 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.29, based on 1,276 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. GHCL's current Cyclically Adjusted PS Ratio of 1.08 is 16% 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 GHCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GHCL's current Cyclically Adjusted PS Ratio is 1.08, which is 23% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GHCL stock overvalued right now?
Based on GuruFocus' analysis, GHCL (NSE:GHCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹540.34, compared to a current price of ₹445.10 — trading 17.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.08, which is 23% below median its 10-year median of 1.41 and 16% below the Chemicals industry median of 1.29. GHCL's overall GF Score™ is 72/100 with 1 warning sign 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 GHCL (NSE:GHCL), the current Cyclically Adjusted PS Ratio is 1.08 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 GHCL (NSE:GHCL) Overvalued in 2026?

Based on GuruFocus' analysis, GHCL stock appears to be undervalued. The current stock price of ₹445.10 is trading 17.6% below its estimated GF Value™ of ₹540.34. GuruFocus considers GHCL to be Modestly Undervalued.

Key valuation signals for NSE:GHCL:

  • Cyclically Adjusted PS Ratio: 1.08 (23% below median its 10-year median of 1.41)
  • GF Value™: ₹540.34 vs. price of ₹445.10 (17.6% below fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 16% below the Chemicals median (#553 of 1276)

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


GHCL Business Description

Other Exchanges 500171:India
Address Institutional Area, Sector - 1, B-38, GHCL House, Noida, IND, 201301
GHCL Ltd is engaged in the business of Manufacturing & trading of Inorganic Chemicals (mainly manufacture and sale of Soda Ash). The Company's operations pertain to one segment i.e. Inorganic Chemicals. The company has presence in India, and Outside India. The company has presence in India. The company predominantly utilises seawater for its operations, thereby minimising dependence on freshwater resources and avoiding any impact on local community water availability.
72GF Score

Get the complete analysis for NSE:GHCL

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

₹445.10
Price
₹540.34
GF Value