G.M. Breweries (NSE:GMBREW) Cyclically Adjusted PS Ratio: 3.08 (As of Aug. 14, 2026) — 38% Above Median

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NSE:GMBREW G.M. Breweries Ltd NSE:GMBREW
84 GF Score
Price ₹896.55
GF Value ₹896.97
Valuation Fairly Valued
! 3 Warning Signs
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What is G.M. Breweries Cyclically Adjusted PS Ratio?

G.M. Breweries NSE:GMBREW +0.06% 84 Cyclically Adjusted PS Ratio is 3.08 as of Aug. 14, 2026, which is 38% above its 10-year median of 2.24. GuruFocus rates NSE:GMBREW with a GF Score™ of 84/100 and a GF Value™ of ₹896.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 174 Beverages - Alcoholic companies, G.M. Breweries ranks worse than 74.71% on this metric.

As of today (2026-08-14), G.M. Breweries's current share price is ₹896.55. G.M. Breweries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹291.45. G.M. Breweries's Cyclically Adjusted PS Ratio for today is 3.08.

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

NSE:GMBREW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.24   Max: 4.5
Current: 3.11

During the past years, G.M. Breweries's highest Cyclically Adjusted PS Ratio was 4.50. The lowest was 1.41. And the median was 2.24.

NSE:GMBREW's Cyclically Adjusted PS Ratio is ranked worse than
74.71% of 174 companies
in the Beverages - Alcoholic industry
Industry Median: 1.495 vs NSE:GMBREW: 3.11

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.

G.M. Breweries's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹87.363. 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 ₹291.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


G.M. Breweries  (NSE:GMBREW) 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.


G.M. Breweries Cyclically Adjusted PS Ratio Related Terms


G.M. Breweries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for G.M. Breweries'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.

G.M. Breweries Cyclically Adjusted PS Ratio Chart

G.M. Breweries 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 2.53 1.76 1.96 2.29 3.44

G.M. Breweries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.68 2.50 4.26 3.44 3.28

NSE:GMBREW vs BF.B: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, G.M. Breweries'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.


G.M. Breweries Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, G.M. Breweries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GMBREW
84GF Score
G.M. Breweries Ltd NSE:GMBREW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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G.M. Breweries 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.

G.M. Breweries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=896.55/291.45
=3.08

* 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.

G.M. Breweries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, G.M. Breweries's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=87.363/166.1454*166.1454
=87.363

Current CPI (Jun. 2026) = 166.1454.

G.M. Breweries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 38.383 105.961 60.184
201612 42.693 105.196 67.429
201703 44.212 105.196 69.828
201706 51.735 107.109 80.251
201709 55.418 109.021 84.455
201712 64.500 109.404 97.952
201803 60.874 109.786 92.124
201806 48.315 111.317 72.113
201809 48.927 115.142 70.600
201812 54.514 115.142 78.662
201903 50.867 118.202 71.499
201906 51.915 120.880 71.355
201909 53.134 123.175 71.670
201912 52.419 126.235 68.992
202003 47.245 124.705 62.945
202006 12.112 127.000 15.845
202009 31.764 130.118 40.559
202012 48.998 130.889 62.196
202103 55.763 131.771 70.310
202106 30.515 134.084 37.812
202109 50.731 135.847 62.046
202112 57.298 138.161 68.904
202203 61.843 138.822 74.015
202206 62.150 142.347 72.540
202209 62.070 144.661 71.288
202212 67.250 145.763 76.654
202303 67.987 146.865 76.913
202306 80.401 150.280 88.889
202309 82.866 151.492 90.881
202312 85.906 152.924 93.333
202403 69.687 153.035 75.657
202406 66.728 155.789 71.164
202409 65.182 157.882 68.593
202412 72.540 158.323 76.124
202503 74.134 157.552 78.178
202506 71.289 159.755 74.141
202509 79.006 162.289 80.883
202512 88.487 163.281 90.039
202603 88.535 164.272 89.544
202606 87.363 166.145 87.363

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 3.08 mean?
G.M. Breweries (NSE:GMBREW) has a Cyclically Adjusted PS Ratio of 3.08 as of Aug. 14, 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 G.M. Breweries and its competitors. This is 38% above median its historical median of 2.24. Over the past decade, G.M. Breweries' Cyclically Adjusted PS Ratio has ranged from 1.41 to 4.50. According to the industry distribution chart, G.M. Breweries ranks #130 out of 174 companies in the Beverages - Alcoholic industry, placing it in the top 74.7%.
Is G.M. Breweries' Cyclically Adjusted PS Ratio too high?
G.M. Breweries' current Cyclically Adjusted PS Ratio of 3.08 is 38% above median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.50. The Beverages - Alcoholic industry median Cyclically Adjusted PS Ratio is 1.50. G.M. Breweries' value of 3.08 is 106% above this industry median. Based on the distribution chart, G.M. Breweries ranks #130 out of 174 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, G.M. Breweries has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does G.M. Breweries' Cyclically Adjusted PS Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, G.M. Breweries ranks #130 out of 174 companies for Cyclically Adjusted PS Ratio. This places G.M. Breweries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.50. G.M. Breweries' value of 3.08 is 106% above this benchmark. Historically, G.M. Breweries' own Cyclically Adjusted PS Ratio has ranged from 1.41 to 4.50 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 1.50, G.M. Breweries 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Alcoholic companies is 1.50, based on 174 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. G.M. Breweries's current Cyclically Adjusted PS Ratio of 3.08 is 106% 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 G.M. Breweries and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G.M. Breweries's current Cyclically Adjusted PS Ratio is 3.08, which is 38% above median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G.M. Breweries stock overvalued right now?
Based on GuruFocus' analysis, G.M. Breweries (NSE:GMBREW) is currently considered Fairly Valued. The stock's GF Value™ is ₹896.97, compared to a current price of ₹896.55 — trading 0% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.08, which is 38% above median its 10-year median of 2.24 and 106% above the Beverages - Alcoholic industry median of 1.50. G.M. Breweries' overall GF Score™ is 84/100 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 G.M. Breweries (NSE:GMBREW), the current Cyclically Adjusted PS Ratio is 3.08 as of Aug. 14, 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 G.M. Breweries (NSE:GMBREW) Overvalued in 2026?

Based on GuruFocus' analysis, G.M. Breweries stock appears to be undervalued. The current stock price of ₹896.55 is trading 0% below its estimated GF Value™ of ₹896.97. GuruFocus considers G.M. Breweries to be Fairly Valued.

Key valuation signals for NSE:GMBREW:

  • Cyclically Adjusted PS Ratio: 3.08 (38% above median its 10-year median of 2.24)
  • GF Value™: ₹896.97 vs. price of ₹896.55 (0% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 106% above the Beverages - Alcoholic median (#130 of 174)

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


G.M. Breweries Business Description

Other Exchanges 507488:India
Address S. Veer Savarkar Marg, Ganesh Niwas, Prabhadevi, Mumbai, MH, IND, 400 025
G.M. Breweries Ltd is engaged in the manufacturing of alcoholic liquor. The firm engages in manufacturing, marketing, and sale of alcoholic beverages such as country liquor and Indian made foreign liquor. It offers products under G.M.Santra, G.M.Limbu Punch, G.M.Doctor, and G.M.Dilbahar Sounf brand names.
84GF Score

Get the complete analysis for NSE:GMBREW

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

₹896.55
Price
₹896.97
GF Value