Gujarat Natural Resources (NSE:GNRL) Cyclically Adjusted PS Ratio: (As of Aug. 21, 2026)

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NSE:GNRL Gujarat Natural Resources Ltd NSE:GNRL
43 GF Score
Price ₹104.02
GF Value ₹17.55
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Gujarat Natural Resources Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gujarat Natural Resources  (NSE:GNRL) 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 Natural Resources Cyclically Adjusted PS Ratio Related Terms


Gujarat Natural Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gujarat Natural Resources'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 Natural Resources Cyclically Adjusted PS Ratio Chart

Gujarat Natural Resources 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 7.20 4.26 5.02 12.78 40.26

Gujarat Natural Resources 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 12.78 32.23 35.22 42.64 40.26

NSE:GNRL vs : Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Gujarat Natural Resources'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 Natural Resources Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gujarat Natural Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:GNRL
43GF Score
Gujarat Natural Resources Ltd NSE:GNRL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Gujarat Natural Resources'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)
=0.746/330.2130*330.2130
=0.746

Current CPI (Mar. 2026) = 330.2130.

Gujarat Natural Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.415 241.018 0.569
201609 0.413 241.428 0.565
201612 0.420 241.432 0.574
201703 0.425 243.801 0.576
201706 0.344 244.955 0.464
201709 0.357 246.819 0.478
201712 0.450 246.524 0.603
201803 0.357 249.554 0.472
201806 0.439 251.989 0.575
201809 0.408 252.439 0.534
201812 0.407 251.233 0.535
201903 0.328 254.202 0.426
201906 0.329 256.143 0.424
201909 0.375 256.759 0.482
201912 0.444 256.974 0.571
202003 0.528 258.115 0.675
202006 0.231 257.797 0.296
202009 0.411 260.280 0.521
202012 0.230 260.474 0.292
202103 0.240 264.877 0.299
202106 0.246 271.696 0.299
202109 0.212 274.310 0.255
202112 0.147 278.802 0.174
202203 0.382 287.504 0.439
202206 0.365 296.311 0.407
202209 0.292 296.808 0.325
202212 0.322 296.797 0.358
202303 0.332 301.836 0.363
202306 0.601 305.109 0.650
202309 0.674 307.789 0.723
202312 0.827 306.746 0.890
202403 0.763 312.332 0.807
202406 0.803 314.175 0.844
202409 0.647 315.301 0.678
202412 0.338 315.605 0.354
202503 0.328 319.799 0.339
202506 0.261 322.561 0.267
202509 0.675 324.800 0.686
202512 0.572 324.054 0.583
202603 0.746 330.213 0.746

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.

Is Gujarat Natural Resources (NSE:GNRL) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Natural Resources stock appears to be overvalued. The current stock price of ₹104.02 is trading 492.7% above its estimated GF Value™ of ₹17.55. GuruFocus considers Gujarat Natural Resources to be Significantly Overvalued.

Key valuation signals for NSE:GNRL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹17.55 vs. price of ₹104.02 (492.7% above fair value)
  • GF Score™: 43/100 with 4 warning signs

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


Gujarat Natural Resources Business Description

Industry EnergyOil & Gas
Comparable Companies
Other Exchanges 513536:India
Address ANAM-1, Near Parimal Garden, 906-910, 9th Floor, Ellisbridge, Ahmedabad, GJ, IND, 380006
Gujarat Natural Resources Ltd is an Indian company engaged in the business of oil and gas exploration and trading of goods and others. Ongoing projects of the company are Kanawara Field, Allora Field, Dholasan Field, North Kathana Field, Unawa Field, and North Balol. The company earns key revenue from the sale of oil and natural gas exploration.
43GF Score

Get the complete analysis for NSE:GNRL

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

₹104.02
Price
₹17.55
GF Value