Hinduja Global Solutions (NSE:HGS) Cyclically Adjusted PS Ratio: 0.36 (As of Jul. 20, 2026) — 51% Below Median

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NSE:HGS Hinduja Global Solutions Ltd NSE:HGS
60 GF Score
Price ₹429.75
GF Value ₹739.42
Valuation Possible Value Trap
! 4 Warning Signs
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What is Hinduja Global Solutions Cyclically Adjusted PS Ratio?

Hinduja Global Solutions NSE:HGS -0.42% 60 Cyclically Adjusted PS Ratio is 0.36 as of Jul. 20, 2026, which is 51% below its 10-year median of 0.73. GuruFocus rates NSE:HGS with a GF Score™ of 60/100 and a GF Value™ of ₹739.42 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 717 Business Services companies, Hinduja Global Solutions ranks better than 73.92% on this metric.

As of today (2026-07-20), Hinduja Global Solutions's current share price is ₹429.75. Hinduja Global Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹1,199.83. Hinduja Global Solutions's Cyclically Adjusted PS Ratio for today is 0.36.

The historical rank and industry rank for Hinduja Global Solutions's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:HGS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.73   Max: 1.6
Current: 0.36

During the past years, Hinduja Global Solutions's highest Cyclically Adjusted PS Ratio was 1.60. The lowest was 0.25. And the median was 0.73.

NSE:HGS's Cyclically Adjusted PS Ratio is ranked better than
73.92% of 717 companies
in the Business Services industry
Industry Median: 0.9 vs NSE:HGS: 0.36

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.

Hinduja Global Solutions's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹232.897. 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 ₹1,199.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hinduja Global Solutions  (NSE:HGS) 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.


Hinduja Global Solutions Cyclically Adjusted PS Ratio Related Terms


Hinduja Global Solutions Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hinduja Global Solutions'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.

Hinduja Global Solutions Cyclically Adjusted PS Ratio Chart

Hinduja Global Solutions 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 0.95 0.91 0.63 0.39 0.29

Hinduja Global Solutions 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 0.39 0.47 0.41 0.37 0.29

NSE:HGS vs CTAS, CPRT, ULS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Hinduja Global Solutions'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.


Hinduja Global Solutions Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Hinduja Global Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hinduja Global Solutions's Cyclically Adjusted PS Ratio falls into.


NSE:HGS
60GF Score
Hinduja Global Solutions Ltd NSE:HGS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hinduja Global Solutions 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.

Hinduja Global Solutions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=429.75/1199.83
=0.36

* 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.

Hinduja Global Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hinduja Global Solutions'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)
=232.897/164.2724*164.2724
=232.897

Current CPI (Mar. 2026) = 164.2724.

Hinduja Global Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 219.193 105.961 339.817
201609 218.124 105.961 338.160
201612 229.662 105.196 358.637
201703 226.199 105.196 353.229
201706 223.001 107.109 342.016
201709 226.608 109.021 341.451
201712 234.303 109.404 351.811
201803 240.689 109.786 360.141
201806 263.780 111.317 389.266
201809 277.687 115.142 396.175
201812 278.643 115.142 397.539
201903 286.130 118.202 397.652
201906 292.021 120.880 396.849
201909 291.860 123.175 389.239
201912 303.321 126.235 394.717
202003 307.680 124.705 405.303
202006 296.092 127.000 382.989
202009 319.062 130.118 402.812
202012 157.325 130.889 197.451
202103 181.635 131.771 226.436
202106 191.236 134.084 234.292
202109 207.859 135.847 251.353
202112 205.882 138.161 244.793
202203 189.776 138.822 224.568
202206 216.427 142.347 249.762
202209 224.028 144.661 254.399
202212 216.310 145.763 243.778
202303 195.830 146.865 219.042
202306 247.736 150.280 270.802
202309 261.674 151.492 283.750
202312 216.258 152.924 232.306
202403 221.696 153.035 237.976
202406 229.005 155.789 241.475
202409 212.870 157.882 221.486
202412 229.737 158.323 238.370
202503 249.889 157.552 260.549
202506 227.244 159.755 233.669
202509 234.632 162.289 237.499
202512 231.094 163.281 232.497
202603 232.897 164.272 232.897

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 0.36 mean?
Hinduja Global Solutions (NSE:HGS) has a Cyclically Adjusted PS Ratio of 0.36 as of Jul. 20, 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 Hinduja Global Solutions and its competitors. This is 51% below median its historical median of 0.73. Over the past decade, Hinduja Global Solutions' Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.60. According to the industry distribution chart, Hinduja Global Solutions ranks #187 out of 717 companies in the Business Services industry, placing it in the top 26.1%.
Is Hinduja Global Solutions' Cyclically Adjusted PS Ratio too high?
Hinduja Global Solutions' current Cyclically Adjusted PS Ratio of 0.36 is 51% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.60. The Business Services industry median Cyclically Adjusted PS Ratio is 0.90. Hinduja Global Solutions' value of 0.36 is 60% below this industry median. Based on the distribution chart, Hinduja Global Solutions ranks #187 out of 717 companies in the Business Services industry, which is above the industry midpoint. Overall, Hinduja Global Solutions has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hinduja Global Solutions' Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Hinduja Global Solutions ranks #187 out of 717 companies for Cyclically Adjusted PS Ratio. This puts Hinduja Global Solutions in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Hinduja Global Solutions' value of 0.36 is 60% below this benchmark. Historically, Hinduja Global Solutions' own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.60 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.90, Hinduja Global Solutions has consistently been below 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.90, based on 717 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. Hinduja Global Solutions's current Cyclically Adjusted PS Ratio of 0.36 is 60% below 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 Hinduja Global Solutions and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hinduja Global Solutions's current Cyclically Adjusted PS Ratio is 0.36, which is 51% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hinduja Global Solutions stock overvalued right now?
Based on GuruFocus' analysis, Hinduja Global Solutions (NSE:HGS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹739.42, compared to a current price of ₹429.75 — trading 41.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is 51% below median its 10-year median of 0.73 and 60% below the Business Services industry median of 0.90. Hinduja Global Solutions' overall GF Score™ is 60/100 with 4 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 Hinduja Global Solutions (NSE:HGS), the current Cyclically Adjusted PS Ratio is 0.36 as of Jul. 20, 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 Hinduja Global Solutions (NSE:HGS) Overvalued in 2026?

Based on GuruFocus' analysis, Hinduja Global Solutions stock appears to be undervalued. The current stock price of ₹429.75 is trading 41.9% below its estimated GF Value™ of ₹739.42. GuruFocus considers Hinduja Global Solutions to be Possible Value Trap.

Key valuation signals for NSE:HGS:

  • Cyclically Adjusted PS Ratio: 0.36 (51% below median its 10-year median of 0.73)
  • GF Value™: ₹739.42 vs. price of ₹429.75 (41.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 60% below the Business Services median (#187 of 717)

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


Hinduja Global Solutions Business Description

Other Exchanges 532859:India
Address No. 690, Hosur Road, 1st Floor, Gold Hill Square Software Park, Bommanahalli, Bengaluru, KA, IND, 560 068
Hinduja Global Solutions Ltd is engaged in Business Process Management and Media and Communication business. Business Process Management segment offer voice and non-voice based services such as contact center solutions and back office transaction processing across America, Canada, Europe, Asia and Middle East. Its Digital, Media & Communications business, is India's integrated Digital Delivery Platforms Company delivering services via satellite, digital cable and broadband to over 5 million customers across 1,500 cities and towns.
60GF Score

Get the complete analysis for NSE:HGS

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

₹429.75
Price
₹739.42
GF Value