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HB StockholdingsNSE:HBSL -1.35%66 Cyclically Adjusted PS Ratio is 23.68 as of Aug. 19, 2026, which is 13% below its 10-year median of 27.26. GuruFocus rates NSE:HBSL with a GF Score™ of 66/100 and a GF Value™ of ₹116.02 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 603 Capital Markets companies, HB Stockholdings ranks worse than 93.86% on this metric.
The historical rank and industry rank for HB Stockholdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:HBSL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 19.82 Med: 27.26 Max: 43.04
Current: 24.15
During the past years, HB Stockholdings's highest Cyclically Adjusted PS Ratio was 43.04. The lowest was 19.82. And the median was 27.26.
NSE:HBSL's Cyclically Adjusted PS Ratio is ranked worse than 93.86% of 603
companies
in the Capital Markets industry
Industry Median: 3.49
vs NSE:HBSL: 24.15
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.
HB Stockholdings's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.641. 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 ₹2.37 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
HB Stockholdings (NSE:HBSL) 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 Stockholdings Cyclically Adjusted PS Ratio Related Terms
HB Stockholdings Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for HB Stockholdings'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 Stockholdings Cyclically Adjusted PS Ratio Chart
NSE:HBSL vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison
For the Capital Markets subindustry, HB Stockholdings'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 Stockholdings Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HB Stockholdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where HB Stockholdings's Cyclically Adjusted PS Ratio falls into.
HB Stockholdings 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 Stockholdings's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 23.68 mean?
HB Stockholdings (NSE:HBSL) has a Cyclically Adjusted PS Ratio of 23.68 as of Aug. 19, 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 HB Stockholdings and its competitors. This is 13% below median its historical median of 27.26. Over the past decade, HB Stockholdings' Cyclically Adjusted PS Ratio has ranged from 19.82 to 43.04. According to the industry distribution chart, HB Stockholdings ranks #566 out of 603 companies in the Capital Markets industry, placing it in the top 93.9%.
Is HB Stockholdings' Cyclically Adjusted PS Ratio too high?
HB Stockholdings' current Cyclically Adjusted PS Ratio of 23.68 is 13% below median its 10-year median of 27.26. Over the past 10 years, this metric has ranged from a low of 19.82 to a high of 43.04. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.49. HB Stockholdings' value of 23.68 is 578.5% above this industry median. Based on the distribution chart, HB Stockholdings ranks #566 out of 603 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HB Stockholdings has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HB Stockholdings' Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, HB Stockholdings ranks #566 out of 603 companies for Cyclically Adjusted PS Ratio. This places HB Stockholdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.49. HB Stockholdings' value of 23.68 is 578.5% above this benchmark. Historically, HB Stockholdings' own Cyclically Adjusted PS Ratio has ranged from 19.82 to 43.04 over the past decade. While the company's 10-year median is 27.26 vs. the industry median of 3.49, HB Stockholdings 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.49, based on 603 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. HB Stockholdings's current Cyclically Adjusted PS Ratio of 23.68 is 578.5% 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 HB Stockholdings and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HB Stockholdings's current Cyclically Adjusted PS Ratio is 23.68, which is 13% below median its own 10-year median of 27.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HB Stockholdings stock overvalued right now?
Based on GuruFocus' analysis, HB Stockholdings (NSE:HBSL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹116.02, compared to a current price of ₹56.13 — trading 51.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 23.68, which is 13% below median its 10-year median of 27.26 and 578.5% above the Capital Markets industry median of 3.49. HB Stockholdings' overall GF Score™ is 66/100 with 2 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 HB Stockholdings (NSE:HBSL), the current Cyclically Adjusted PS Ratio is 23.68 as of Aug. 19, 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 HB Stockholdings (NSE:HBSL) Overvalued in 2026?
Based on GuruFocus' analysis, HB Stockholdings stock appears to be undervalued.
The current stock price of ₹56.13 is trading 51.6% below its estimated GF Value™ of ₹116.02.
GuruFocus considers HB Stockholdings to be Significantly Undervalued.
Key valuation signals for NSE:HBSL:
Cyclically Adjusted PS Ratio: 23.68 (13% below median its 10-year median of 27.26)
GF Value™: ₹116.02 vs. price of ₹56.13 (51.6% below fair value)
Industry Position: 578.5% above the Capital Markets median (#566 of 603)
No single metric tells the full story. See the NSE:HBSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HB Stockholdings Ltd is a Non-banking financial company Non-Systemically Important Non-Deposit taking Company registered with the Reserve Bank of India. Its objective is to provide all fund and non-fund-based financial services. The company presently carries on the activities of investment in securities (Sale and Purchase of Securities), viz. Equity Shares, Preference Shares, Mutual Funds, etc. The principal business activity of the company is to undertake financial services, investing, and dealing in various kinds of securities. Details of Loans, Guarantees, and Investments. There are no separate reportable segments.
66GF Score
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