Hindustan Petroleum (NSE:HINDPETRO) Cyclically Adjusted PS Ratio: 0.19 (As of Aug. 15, 2026) — 14% Below Median

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NSE:HINDPETRO Hindustan Petroleum Corp Ltd NSE:HINDPETRO
72 GF Score
Price ₹373.50
GF Value ₹417.93
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Hindustan Petroleum Cyclically Adjusted PS Ratio?

Hindustan Petroleum NSE:HINDPETRO -4.94% 72 Cyclically Adjusted PS Ratio is 0.19 as of Aug. 15, 2026, which is 14% below its 10-year median of 0.22. GuruFocus rates NSE:HINDPETRO with a GF Score™ of 72/100 and a GF Value™ of ₹417.93 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 716 Oil & Gas companies, Hindustan Petroleum ranks better than 85.75% on this metric.

As of today (2026-08-15), Hindustan Petroleum's current share price is ₹373.50. Hindustan Petroleum's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹1,947.81. Hindustan Petroleum's Cyclically Adjusted PS Ratio for today is 0.19.

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

NSE:HINDPETRO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.22   Max: 0.26
Current: 0.2

During the past years, Hindustan Petroleum's highest Cyclically Adjusted PS Ratio was 0.26. The lowest was 0.16. And the median was 0.22.

NSE:HINDPETRO's Cyclically Adjusted PS Ratio is ranked better than
85.75% of 716 companies
in the Oil & Gas industry
Industry Median: 1.06 vs NSE:HINDPETRO: 0.20

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.

Hindustan Petroleum's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹657.849. 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 ₹1,947.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Petroleum  (NSE:HINDPETRO) 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.


Hindustan Petroleum Cyclically Adjusted PS Ratio Related Terms


Hindustan Petroleum Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hindustan Petroleum'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.

Hindustan Petroleum Cyclically Adjusted PS Ratio Chart

Hindustan Petroleum 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 0.20 0.18

Hindustan Petroleum 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 0.24 0.24 0.26 0.18 0.20

NSE:HINDPETRO vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Hindustan Petroleum'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.


Hindustan Petroleum Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


NSE:HINDPETRO
72GF Score
Hindustan Petroleum Corp Ltd NSE:HINDPETRO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Petroleum 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.

Hindustan Petroleum's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=373.50/1947.81
=0.19

* 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.

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

For example, Hindustan Petroleum'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)
=657.849/166.1454*166.1454
=657.849

Current CPI (Jun. 2026) = 166.1454.

Hindustan Petroleum Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201801 0.000 110.169 0.000
201806 294.835 111.317 440.056
201809 294.136 115.142 424.427
201812 314.887 115.142 454.370
201903 291.693 118.202 410.005
201906 309.730 120.880 425.714
201909 265.484 123.175 358.100
201912 308.462 126.235 405.984
202003 286.859 124.705 382.184
202006 164.286 127.000 214.924
202009 225.632 130.118 288.106
202012 300.389 130.889 381.302
202103 336.334 131.771 424.073
202106 337.786 134.084 418.555
202109 389.346 135.847 476.183
202112 452.787 138.161 544.500
202203 457.084 138.822 547.050
202206 536.329 142.347 625.994
202209 508.262 144.661 583.746
202212 515.047 145.763 587.068
202303 479.260 146.865 542.179
202306 524.960 150.280 580.381
202309 448.135 151.492 491.482
202312 521.132 152.924 566.187
202403 535.981 153.035 581.900
202406 533.006 155.789 568.439
202409 467.100 157.882 491.547
202412 517.164 158.323 542.716
202503 512.889 157.552 540.865
202506 518.221 159.755 538.950
202509 471.606 162.289 482.812
202512 538.628 163.281 548.078
202603 537.590 164.272 543.719
202606 657.849 166.145 657.849

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 0.19 mean?
Hindustan Petroleum (NSE:HINDPETRO) has a Cyclically Adjusted PS Ratio of 0.19 as of Aug. 15, 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 Hindustan Petroleum and its competitors. This is 14% below median its historical median of 0.22. Over the past decade, Hindustan Petroleum's Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.26. According to the industry distribution chart, Hindustan Petroleum ranks #102 out of 716 companies in the Oil & Gas industry, placing it in the top 14.2%.
Is Hindustan Petroleum's Cyclically Adjusted PS Ratio too high?
Hindustan Petroleum's current Cyclically Adjusted PS Ratio of 0.19 is 14% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.26. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Hindustan Petroleum's value of 0.19 is 82.1% below this industry median. Based on the distribution chart, Hindustan Petroleum ranks #102 out of 716 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hindustan Petroleum has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Petroleum's Cyclically Adjusted PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Hindustan Petroleum ranks #102 out of 716 companies for Cyclically Adjusted PS Ratio. This places Hindustan Petroleum in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.06. Hindustan Petroleum's value of 0.19 is 82.1% below this benchmark. Historically, Hindustan Petroleum's own Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.26 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.06, Hindustan Petroleum 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 716 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. Hindustan Petroleum's current Cyclically Adjusted PS Ratio of 0.19 is 82.1% 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 Hindustan Petroleum and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Petroleum's current Cyclically Adjusted PS Ratio is 0.19, which is 14% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Petroleum (NSE:HINDPETRO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹417.93, compared to a current price of ₹373.50 — trading 10.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.19, which is 14% below median its 10-year median of 0.22 and 82.1% below the Oil & Gas industry median of 1.06. Hindustan Petroleum's overall GF Score™ is 72/100 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 Hindustan Petroleum (NSE:HINDPETRO), the current Cyclically Adjusted PS Ratio is 0.19 as of Aug. 15, 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 Hindustan Petroleum (NSE:HINDPETRO) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Petroleum stock appears to be undervalued. The current stock price of ₹373.50 is trading 10.6% below its estimated GF Value™ of ₹417.93. GuruFocus considers Hindustan Petroleum to be Modestly Undervalued.

Key valuation signals for NSE:HINDPETRO:

  • Cyclically Adjusted PS Ratio: 0.19 (14% below median its 10-year median of 0.22)
  • GF Value™: ₹417.93 vs. price of ₹373.50 (10.6% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 82.1% below the Oil & Gas median (#102 of 716)

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


Hindustan Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges 500104:India
Address 17, Jamshedji Tata Road, Post Box No. 11041, Petroleum House, Churchgate, Mumbai, MH, IND, 400 020
Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan's products are sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the maximum revenue.
72GF Score

Get the complete analysis for NSE:HINDPETRO

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

₹373.50
Price
₹417.93
GF Value