Gujarat Industries Power Co (NSE:GIPCL) Cyclically Adjusted PS Ratio: 1.49 (As of Jul. 17, 2026) — Near Median

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NSE:GIPCL Gujarat Industries Power Co Ltd NSE:GIPCL
73 GF Score
Price ₹163.52
GF Value ₹214.33
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Gujarat Industries Power Co Cyclically Adjusted PS Ratio?

Gujarat Industries Power Co NSE:GIPCL -0.75% 73 Cyclically Adjusted PS Ratio is 1.49 as of Jul. 17, 2026, which is 4% below its 10-year median of 1.56. GuruFocus rates NSE:GIPCL with a GF Score™ of 73/100 and a GF Value™ of ₹214.33 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 441 Utilities - Regulated companies, Gujarat Industries Power Co ranks worse than 52.15% on this metric.

As of today (2026-07-17), Gujarat Industries Power Co's current share price is ₹163.52. Gujarat Industries Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹109.50. Gujarat Industries Power Co's Cyclically Adjusted PS Ratio for today is 1.49.

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

NSE:GIPCL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.56   Max: 2.22
Current: 1.49

During the past years, Gujarat Industries Power Co's highest Cyclically Adjusted PS Ratio was 2.22. The lowest was 0.87. And the median was 1.56.

NSE:GIPCL's Cyclically Adjusted PS Ratio is ranked worse than
52.15% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.42 vs NSE:GIPCL: 1.49

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.

Gujarat Industries Power Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹27.595. 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 ₹109.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gujarat Industries Power Co  (NSE:GIPCL) 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.


Gujarat Industries Power Co Cyclically Adjusted PS Ratio Related Terms


Gujarat Industries Power Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gujarat Industries Power Co'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.

Gujarat Industries Power Co Cyclically Adjusted PS Ratio Chart

Gujarat Industries Power Co 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 1.41 1.57 1.10

Gujarat Industries Power Co 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 1.57 1.93 1.60 1.41 1.10

NSE:GIPCL vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Gujarat Industries Power Co'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.


Gujarat Industries Power Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat Industries Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GIPCL
73GF Score
Gujarat Industries Power Co Ltd NSE:GIPCL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gujarat Industries Power Co 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.

Gujarat Industries Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=163.52/109.50
=1.49

* 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.

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

For example, Gujarat Industries Power Co'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)
=27.595/164.2724*164.2724
=27.595

Current CPI (Mar. 2026) = 164.2724.

Gujarat Industries Power Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 21.876 85.687 41.939
201306 20.716 88.365 38.512
201403 0.000 91.425 0.000
201406 22.919 94.103 40.009
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 21.797 111.317 32.166
201809 23.880 115.142 34.069
201812 23.313 115.142 33.261
201903 23.388 118.202 32.504
201906 23.380 120.880 31.773
201909 21.956 123.175 29.282
201912 23.175 126.235 30.158
202003 22.311 124.705 29.390
202006 22.202 127.000 28.718
202009 22.215 130.118 28.046
202012 21.832 130.889 27.400
202103 21.816 131.771 27.197
202106 19.579 134.084 23.987
202109 21.307 135.847 25.765
202112 17.346 138.161 20.624
202203 18.998 138.822 22.481
202206 20.032 142.347 23.117
202209 16.674 144.661 18.934
202212 24.841 145.763 27.995
202303 27.587 146.865 30.857
202306 22.606 150.280 24.711
202309 18.485 151.492 20.044
202312 23.360 152.924 25.093
202403 24.099 153.035 25.869
202406 21.148 155.789 22.300
202409 18.286 157.882 19.026
202412 21.274 158.323 22.073
202503 22.314 157.552 23.266
202506 23.921 159.755 24.597
202509 20.676 162.289 20.929
202512 24.262 163.281 24.409
202603 27.595 164.272 27.595

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 1.49 mean?
Gujarat Industries Power Co (NSE:GIPCL) has a Cyclically Adjusted PS Ratio of 1.49 as of Jul. 17, 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 Gujarat Industries Power Co and its competitors. This is near median its historical median of 1.56. Over the past decade, Gujarat Industries Power Co's Cyclically Adjusted PS Ratio has ranged from 0.87 to 2.22. According to the industry distribution chart, Gujarat Industries Power Co ranks #230 out of 441 companies in the Utilities - Regulated industry, placing it in the top 52.2%.
Is Gujarat Industries Power Co's Cyclically Adjusted PS Ratio too high?
Gujarat Industries Power Co's current Cyclically Adjusted PS Ratio of 1.49 is near median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 2.22. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.42. Gujarat Industries Power Co's value of 1.49 is 4.9% above this industry median. Based on the distribution chart, Gujarat Industries Power Co ranks #230 out of 441 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Gujarat Industries Power Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Industries Power Co's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Gujarat Industries Power Co ranks #230 out of 441 companies for Cyclically Adjusted PS Ratio. This places Gujarat Industries Power Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.42. Gujarat Industries Power Co's value of 1.49 is 4.9% above this benchmark. Historically, Gujarat Industries Power Co's own Cyclically Adjusted PS Ratio has ranged from 0.87 to 2.22 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.42, Gujarat Industries Power Co 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.42, based on 441 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. Gujarat Industries Power Co's current Cyclically Adjusted PS Ratio of 1.49 is 4.9% 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 Gujarat Industries Power Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Industries Power Co's current Cyclically Adjusted PS Ratio is 1.49, which is near median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Industries Power Co stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Industries Power Co (NSE:GIPCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹214.33, compared to a current price of ₹163.52 — trading 23.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.49, which is near median its 10-year median of 1.56 and 4.9% above the Utilities - Regulated industry median of 1.42. Gujarat Industries Power Co's overall GF Score™ is 73/100 with 7 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 Gujarat Industries Power Co (NSE:GIPCL), the current Cyclically Adjusted PS Ratio is 1.49 as of Jul. 17, 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 Gujarat Industries Power Co (NSE:GIPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Industries Power Co stock appears to be undervalued. The current stock price of ₹163.52 is trading 23.7% below its estimated GF Value™ of ₹214.33. GuruFocus considers Gujarat Industries Power Co to be Modestly Undervalued.

Key valuation signals for NSE:GIPCL:

  • Cyclically Adjusted PS Ratio: 1.49 (near median its 10-year median of 1.56)
  • GF Value™: ₹214.33 vs. price of ₹163.52 (23.7% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 4.9% above the Utilities - Regulated median (#230 of 441)

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


Gujarat Industries Power Co Business Description

Other Exchanges 517300:India
Address P.O. Ranoli, Vadodara, GJ, IND, 391350
Gujarat Industries Power Co Ltd is involved in the business of electrical power generation. The company generates power from gas, lignite, wind, and solar energy sources. In addition, it is involved in the development of a hybrid renewable energy park. The company generates a majority of its revenue from the sale of electrical energy to its customers in India.
73GF Score

Get the complete analysis for NSE:GIPCL

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

₹163.52
Price
₹214.33
GF Value