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HDFC Asset Management CoNSE:HDFCAMC -1.36%100 Cyclically Adjusted PS Ratio is 36.49 as of Jul. 23, 2026, which is 6% below its 10-year median of 38.81. GuruFocus rates NSE:HDFCAMC with a GF Score™ of 100/100 and a GF Value™ of ₹3,002.02 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 905 Asset Management companies, HDFC Asset Management Co ranks worse than 95.36% on this metric.
The historical rank and industry rank for HDFC Asset Management Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:HDFCAMC'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 37 Med: 38.81 Max: 40.13
Current: 37
During the past years, HDFC Asset Management Co's highest Cyclically Adjusted PS Ratio was 40.13. The lowest was 37.00. And the median was 38.81.
NSE:HDFCAMC's Cyclically Adjusted PS Ratio is ranked worse than 95.36% of 905
companies
in the Asset Management industry
Industry Median: 7.62
vs NSE:HDFCAMC: 37.00
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.
HDFC Asset Management Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹25.564. 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 ₹69.77 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
HDFC Asset Management Co (NSE:HDFCAMC) 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.
HDFC Asset Management Co Cyclically Adjusted PS Ratio Related Terms
HDFC Asset Management Co Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for HDFC Asset Management Co'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.
HDFC Asset Management Co Cyclically Adjusted PS Ratio Chart
NSE:HDFCAMC vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, HDFC Asset Management Co'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.
HDFC Asset Management Co Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, HDFC Asset Management Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where HDFC Asset Management Co's Cyclically Adjusted PS Ratio falls into.
HDFC Asset Management Co 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.
* 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 36.49 mean?
HDFC Asset Management Co (NSE:HDFCAMC) has a Cyclically Adjusted PS Ratio of 36.49 as of Jul. 23, 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 HDFC Asset Management Co and its competitors. This is near median its historical median of 38.81. Over the past decade, HDFC Asset Management Co's Cyclically Adjusted PS Ratio has ranged from 37.00 to 40.13. According to the industry distribution chart, HDFC Asset Management Co ranks #863 out of 905 companies in the Asset Management industry, placing it in the top 95.4%.
Is HDFC Asset Management Co's Cyclically Adjusted PS Ratio too high?
HDFC Asset Management Co's current Cyclically Adjusted PS Ratio of 36.49 is near median its 10-year median of 38.81. Over the past 10 years, this metric has ranged from a low of 37.00 to a high of 40.13. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.62. HDFC Asset Management Co's value of 36.49 is 378.9% above this industry median. Based on the distribution chart, HDFC Asset Management Co ranks #863 out of 905 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, HDFC Asset Management Co has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Asset Management Co's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, HDFC Asset Management Co ranks #863 out of 905 companies for Cyclically Adjusted PS Ratio. This places HDFC Asset Management Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.62. HDFC Asset Management Co's value of 36.49 is 378.9% above this benchmark. Historically, HDFC Asset Management Co's own Cyclically Adjusted PS Ratio has ranged from 37.00 to 40.13 over the past decade. While the company's 10-year median is 38.81 vs. the industry median of 7.62, HDFC Asset Management Co 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.62, based on 905 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. HDFC Asset Management Co's current Cyclically Adjusted PS Ratio of 36.49 is 378.9% 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 HDFC Asset Management Co and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Asset Management Co's current Cyclically Adjusted PS Ratio is 36.49, which is near median its own 10-year median of 38.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Asset Management Co stock overvalued right now?
Based on GuruFocus' analysis, HDFC Asset Management Co (NSE:HDFCAMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,002.02, compared to a current price of ₹2,546.00 — trading 15.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 36.49, which is near median its 10-year median of 38.81 and 378.9% above the Asset Management industry median of 7.62. HDFC Asset Management Co's overall GF Score™ is 100/100 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 HDFC Asset Management Co (NSE:HDFCAMC), the current Cyclically Adjusted PS Ratio is 36.49 as of Jul. 23, 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 HDFC Asset Management Co (NSE:HDFCAMC) Overvalued in 2026?
Based on GuruFocus' analysis, HDFC Asset Management Co stock appears to be undervalued.
The current stock price of ₹2,546.00 is trading 15.2% below its estimated GF Value™ of ₹3,002.02.
GuruFocus considers HDFC Asset Management Co to be Modestly Undervalued.
Key valuation signals for NSE:HDFCAMC:
Cyclically Adjusted PS Ratio: 36.49 (near median its 10-year median of 38.81)
GF Value™: ₹3,002.02 vs. price of ₹2,546.00 (15.2% below fair value)
Industry Position: 378.9% above the Asset Management median (#863 of 905)
No single metric tells the full story. See the NSE:HDFCAMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HDFC Asset Management Co Ltd is an asset management company engaged in providing asset management services to HDFC Mutual Fund, Portfolio Management Services, Advisory Services, and Investment Management Services to AIFs. The Group principally generates revenue from providing asset management services to Mutual Funds, Alternative Investment Funds (AIFs), and other clients. The majority of its revenue is derived from within India.
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