HB Portfolio (NSE:HBPOR) Cyclically Adjusted PS Ratio: (As of Aug. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:HBPOR HB Portfolio Ltd NSE:HBPOR
61 GF Score
Price ₹61.92
GF Value ₹84.42
Valuation Modestly Undervalued
! 2 Warning Signs
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What is HB Portfolio 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


HB Portfolio  (NSE:HBPOR) 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.


HB Portfolio Cyclically Adjusted PS Ratio Related Terms


HB Portfolio Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HB Portfolio'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.

HB Portfolio Cyclically Adjusted PS Ratio Chart

HB Portfolio 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 0.00 2.09

HB Portfolio 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 4.08 3.20 2.63 2.09 2.17

NSE:HBPOR vs : Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, HB Portfolio'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.


HB Portfolio Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HB Portfolio's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:HBPOR
61GF Score
HB Portfolio Ltd NSE:HBPOR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HB Portfolio 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.

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

For example, HB Portfolio'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)
=9.644/333.9520*333.9520
=9.644

Current CPI (Jun. 2026) = 333.9520.

HB Portfolio Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 229.392 0.000
201303 0.000 232.773 0.000
201403 0.000 236.293 0.000
201503 0.000 236.119 0.000
201603 0.000 238.132 0.000
201703 0.000 243.801 0.000
201803 0.000 249.554 0.000
201806 2.199 251.989 2.914
201809 3.493 252.439 4.621
201812 1.888 251.233 2.510
201903 3.885 254.202 5.104
201906 3.820 256.143 4.980
201909 3.362 256.759 4.373
201912 1.860 256.974 2.417
202003 1.869 258.115 2.418
202006 2.045 257.797 2.649
202009 2.443 260.280 3.134
202012 2.444 260.474 3.133
202103 5.648 264.877 7.121
202106 2.656 271.696 3.265
202109 3.326 274.310 4.049
202112 3.002 278.802 3.596
202203 4.874 287.504 5.661
202206 5.099 296.311 5.747
202209 3.423 296.808 3.851
202212 9.822 296.797 11.052
202303 0.377 301.836 0.417
202306 5.063 305.109 5.542
202309 5.462 307.789 5.926
202312 5.553 306.746 6.046
202403 36.345 312.332 38.861
202406 7.664 314.175 8.146
202409 4.702 315.301 4.980
202412 9.126 315.605 9.657
202503 4.898 319.799 5.115
202506 7.204 322.561 7.458
202509 3.446 324.800 3.543
202512 6.147 324.054 6.335
202603 10.940 330.213 11.064
202606 9.644 333.952 9.644

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 HB Portfolio (NSE:HBPOR) Overvalued in 2026?

Based on GuruFocus' analysis, HB Portfolio stock appears to be undervalued. The current stock price of ₹61.92 is trading 26.7% below its estimated GF Value™ of ₹84.42. GuruFocus considers HB Portfolio to be Modestly Undervalued.

Key valuation signals for NSE:HBPOR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹84.42 vs. price of ₹61.92 (26.7% below fair value)
  • GF Score™: 61/100 with 2 warning signs

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


HB Portfolio Business Description

Comparable Companies
Other Exchanges 532333:India
Address Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, HR, IND, 122001
HB Portfolio Ltd is engaged in the financial services sector. The company deals in securities and other financial assets. It is majorly engaged in investment in securities namely, Equity Shares, Preference Shares, Mutual Funds, and trading in commodities. which involves macroeconomic risks, investee company risks, market-wide liquidity risks, and execution risks. It generates revenue from Interest Income, Dividend Income, and Management fees.
61GF Score

Get the complete analysis for NSE:HBPOR

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

₹61.92
Price
₹84.42
GF Value