GlaxoSmithKline Pharmaceuticals (NSE:GLAXO) Cyclically Adjusted PS Ratio: 10.56 (As of Jul. 18, 2026) — Near Median

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NSE:GLAXO GlaxoSmithKline Pharmaceuticals Ltd NSE:GLAXO
73 GF Score
Price ₹2,454.80
GF Value ₹2,630.30
Valuation Fairly Valued
! 1 Warning Sign
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What is GlaxoSmithKline Pharmaceuticals Cyclically Adjusted PS Ratio?

GlaxoSmithKline Pharmaceuticals NSE:GLAXO -2.05% 73 Cyclically Adjusted PS Ratio is 10.56 as of Jul. 18, 2026, which is 8% below its 10-year median of 11.42. GuruFocus rates NSE:GLAXO with a GF Score™ of 73/100 and a GF Value™ of ₹2,630.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 752 Drug Manufacturers companies, GlaxoSmithKline Pharmaceuticals ranks worse than 91.62% on this metric.

As of today (2026-07-18), GlaxoSmithKline Pharmaceuticals's current share price is ₹2454.80. GlaxoSmithKline Pharmaceuticals's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹232.37. GlaxoSmithKline Pharmaceuticals's Cyclically Adjusted PS Ratio for today is 10.56.

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

NSE:GLAXO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.72   Med: 11.42   Max: 15.47
Current: 10.56

During the past years, GlaxoSmithKline Pharmaceuticals's highest Cyclically Adjusted PS Ratio was 15.47. The lowest was 8.72. And the median was 11.42.

NSE:GLAXO's Cyclically Adjusted PS Ratio is ranked worse than
91.62% of 752 companies
in the Drug Manufacturers industry
Industry Median: 1.995 vs NSE:GLAXO: 10.56

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.

GlaxoSmithKline Pharmaceuticals's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹58.745. 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 ₹232.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GlaxoSmithKline Pharmaceuticals  (NSE:GLAXO) 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.


GlaxoSmithKline Pharmaceuticals Cyclically Adjusted PS Ratio Related Terms


GlaxoSmithKline Pharmaceuticals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GlaxoSmithKline Pharmaceuticals'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.

GlaxoSmithKline Pharmaceuticals Cyclically Adjusted PS Ratio Chart

GlaxoSmithKline Pharmaceuticals 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 12.87 9.82

GlaxoSmithKline Pharmaceuticals 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 12.87 15.03 11.60 10.70 9.82

NSE:GLAXO vs LLY, JNJ, ABBV: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - General subindustry, GlaxoSmithKline Pharmaceuticals'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.


GlaxoSmithKline Pharmaceuticals Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, GlaxoSmithKline Pharmaceuticals's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GLAXO
73GF Score
GlaxoSmithKline Pharmaceuticals Ltd NSE:GLAXO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GlaxoSmithKline Pharmaceuticals 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.

GlaxoSmithKline Pharmaceuticals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2454.80/232.37
=10.56

* 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.

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

For example, GlaxoSmithKline Pharmaceuticals'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)
=58.745/164.2724*164.2724
=58.745

Current CPI (Mar. 2026) = 164.2724.

GlaxoSmithKline Pharmaceuticals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201112 0.000 75.359 0.000
201212 0.000 83.774 0.000
201312 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201706 34.418 107.109 52.787
201803 0.000 109.786 0.000
201806 43.397 111.317 64.042
201809 48.171 115.142 68.725
201812 48.721 115.142 69.510
201903 42.549 118.202 59.133
201906 46.498 120.880 63.190
201909 52.070 123.175 69.443
201912 45.962 126.235 59.811
202003 44.235 124.705 58.270
202006 38.273 127.000 49.505
202009 51.860 130.118 65.473
202012 46.750 130.889 58.674
202103 42.370 131.771 52.821
202106 42.421 134.084 51.972
202109 55.158 135.847 66.700
202112 48.190 138.161 57.298
202203 46.962 138.822 55.572
202206 43.976 142.347 50.749
202209 54.134 144.661 61.473
202212 47.340 145.763 53.351
202303 44.999 146.865 50.333
202306 44.980 150.280 49.168
202309 56.493 151.492 61.259
202312 47.555 152.924 51.084
202403 54.147 153.035 58.123
202406 48.076 155.789 50.694
202409 59.686 157.882 62.102
202412 56.045 158.323 58.151
202503 57.527 157.552 59.981
202506 47.522 159.755 48.866
202509 57.847 162.289 58.554
202512 61.464 163.281 61.837
202603 58.745 164.272 58.745

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 10.56 mean?
GlaxoSmithKline Pharmaceuticals (NSE:GLAXO) has a Cyclically Adjusted PS Ratio of 10.56 as of Jul. 18, 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 GlaxoSmithKline Pharmaceuticals and its competitors. This is near median its historical median of 11.42. Over the past decade, GlaxoSmithKline Pharmaceuticals' Cyclically Adjusted PS Ratio has ranged from 8.72 to 15.47. According to the industry distribution chart, GlaxoSmithKline Pharmaceuticals ranks #689 out of 752 companies in the Drug Manufacturers industry, placing it in the top 91.6%.
Is GlaxoSmithKline Pharmaceuticals' Cyclically Adjusted PS Ratio too high?
GlaxoSmithKline Pharmaceuticals' current Cyclically Adjusted PS Ratio of 10.56 is near median its 10-year median of 11.42. Over the past 10 years, this metric has ranged from a low of 8.72 to a high of 15.47. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.00. GlaxoSmithKline Pharmaceuticals' value of 10.56 is 429.3% above this industry median. Based on the distribution chart, GlaxoSmithKline Pharmaceuticals ranks #689 out of 752 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, GlaxoSmithKline Pharmaceuticals has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GlaxoSmithKline Pharmaceuticals' Cyclically Adjusted PS Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, GlaxoSmithKline Pharmaceuticals ranks #689 out of 752 companies for Cyclically Adjusted PS Ratio. This places GlaxoSmithKline Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.00. GlaxoSmithKline Pharmaceuticals' value of 10.56 is 429.3% above this benchmark. Historically, GlaxoSmithKline Pharmaceuticals' own Cyclically Adjusted PS Ratio has ranged from 8.72 to 15.47 over the past decade. While the company's 10-year median is 11.42 vs. the industry median of 2.00, GlaxoSmithKline Pharmaceuticals 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.00, based on 752 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. GlaxoSmithKline Pharmaceuticals's current Cyclically Adjusted PS Ratio of 10.56 is 429.3% 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 GlaxoSmithKline Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GlaxoSmithKline Pharmaceuticals's current Cyclically Adjusted PS Ratio is 10.56, which is near median its own 10-year median of 11.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GlaxoSmithKline Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, GlaxoSmithKline Pharmaceuticals (NSE:GLAXO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,630.30, compared to a current price of ₹2,454.80 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.56, which is near median its 10-year median of 11.42 and 429.3% above the Drug Manufacturers industry median of 2.00. GlaxoSmithKline Pharmaceuticals' overall GF Score™ is 73/100 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 GlaxoSmithKline Pharmaceuticals (NSE:GLAXO), the current Cyclically Adjusted PS Ratio is 10.56 as of Jul. 18, 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 GlaxoSmithKline Pharmaceuticals (NSE:GLAXO) Overvalued in 2026?

Based on GuruFocus' analysis, GlaxoSmithKline Pharmaceuticals stock appears to be undervalued. The current stock price of ₹2,454.80 is trading 6.7% below its estimated GF Value™ of ₹2,630.30. GuruFocus considers GlaxoSmithKline Pharmaceuticals to be Fairly Valued.

Key valuation signals for NSE:GLAXO:

  • Cyclically Adjusted PS Ratio: 10.56 (near median its 10-year median of 11.42)
  • GF Value™: ₹2,630.30 vs. price of ₹2,454.80 (6.7% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 429.3% above the Drug Manufacturers median (#689 of 752)

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


GlaxoSmithKline Pharmaceuticals Business Description

Other Exchanges 500660:India
Address Dr. Annie Besant Road, No. 252, GSK House, Worli, Mumbai, MH, IND, 400030
GlaxoSmithKline Pharmaceuticals Ltd is engaged interalia, in the business of manufacturing, distributing and trading in pharmaceuticals. It is healthcare organisation focused on uniting science, technology and talent to get ahead of disease. The company's product portfolio comprises a broad range of General Medicines which includes anti-infectives, pain management, vitamins, minerals, nutritionals, hormones, dermatologicals, vaccines for both children and adults, and specialty medicines for respiratory and oncology. Its focused brands are Augmentin, Ceftum, Flutivate, T-bat, Betnovate, Neosporin, Tenovate, Physiogel, Calpol and Calpol T. The company has single reportable segment. The company has presence in India, and also Outside India. It generates majority of revenue from India.
73GF Score

Get the complete analysis for NSE:GLAXO

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

₹2,454.80
Price
₹2,630.30
GF Value