Hindustan Zinc (NSE:HINDZINC) Cyclically Adjusted PS Ratio: 7.75 (As of Aug. 27, 2026) — 33% Above Median

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NSE:HINDZINC Hindustan Zinc Ltd NSE:HINDZINC
96 GF Score
Price ₹610.10
GF Value ₹661.81
Valuation Fairly Valued
! 1 Warning Sign
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What is Hindustan Zinc Cyclically Adjusted PS Ratio?

Hindustan Zinc NSE:HINDZINC -2.62% 96 Cyclically Adjusted PS Ratio is 7.75 as of Aug. 27, 2026, which is 33% above its 10-year median of 5.81. GuruFocus rates NSE:HINDZINC with a GF Score™ of 96/100 and a GF Value™ of ₹661.81 (Fairly Valued). The stock has 1 warning sign investors should review. Among 575 Metals & Mining companies, Hindustan Zinc ranks worse than 80% on this metric.

As of today (2026-08-27), Hindustan Zinc's current share price is ₹610.10. Hindustan Zinc's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹78.75. Hindustan Zinc's Cyclically Adjusted PS Ratio for today is 7.75.

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

NSE:HINDZINC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.81   Med: 5.81   Max: 11.46
Current: 7.55

During the past years, Hindustan Zinc's highest Cyclically Adjusted PS Ratio was 11.46. The lowest was 2.81. And the median was 5.81.

NSE:HINDZINC's Cyclically Adjusted PS Ratio is ranked worse than
80% of 575 companies
in the Metals & Mining industry
Industry Median: 2.35 vs NSE:HINDZINC: 7.55

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 Zinc's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹30.837. 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 ₹78.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Zinc  (NSE:HINDZINC) 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 Zinc Cyclically Adjusted PS Ratio Related Terms


Hindustan Zinc Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hindustan Zinc'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 Zinc Cyclically Adjusted PS Ratio Chart

Hindustan Zinc 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 5.61 4.80 4.52 6.72 6.67

Hindustan Zinc 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 6.43 6.72 8.34 6.67 6.77

Hindustan Zinc Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Hindustan Zinc'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 Zinc Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:HINDZINC
96GF Score
Hindustan Zinc Ltd NSE:HINDZINC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=610.10/78.75
=7.75

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

For example, Hindustan Zinc'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)
=30.837/167.3573*167.3573
=30.837

Current CPI (Jun. 2026) = 167.3573.

Hindustan Zinc Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.281 105.961 13.079
201612 11.801 105.196 18.774
201703 14.191 105.196 22.577
201706 10.828 107.109 16.919
201709 12.553 109.021 19.270
201712 14.019 109.404 21.445
201803 14.051 109.786 21.419
201806 12.446 111.317 18.712
201809 11.152 115.142 16.209
201812 12.974 115.142 18.858
201903 12.679 118.202 17.952
201906 11.661 120.880 16.145
201909 10.568 123.175 14.359
201912 10.937 126.235 14.500
202003 10.173 124.705 13.652
202006 9.236 127.000 12.171
202009 13.091 130.118 16.838
202012 14.008 130.889 17.911
202103 15.862 131.771 20.146
202106 15.085 134.084 18.828
202109 14.090 135.847 17.358
202112 18.550 138.161 22.470
202203 20.291 138.822 24.462
202206 21.865 142.347 25.707
202209 19.226 144.661 22.242
202212 18.044 145.763 20.717
202303 19.522 146.865 22.246
202306 16.836 150.280 18.749
202309 15.657 151.492 17.297
202312 16.727 152.924 18.306
202403 17.164 153.035 18.770
202406 18.681 155.789 20.068
202409 18.952 157.882 20.089
202412 19.679 158.323 20.802
202503 20.904 157.552 22.205
202506 17.975 159.755 18.830
202509 19.603 162.289 20.215
202512 25.151 163.281 25.779
202603 30.034 164.272 30.598
202606 30.837 167.357 30.837

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 7.75 mean?
Hindustan Zinc (NSE:HINDZINC) has a Cyclically Adjusted PS Ratio of 7.75 as of Aug. 27, 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 Zinc and its competitors. This is 33% above median its historical median of 5.81. Over the past decade, Hindustan Zinc's Cyclically Adjusted PS Ratio has ranged from 2.81 to 11.46. According to the industry distribution chart, Hindustan Zinc ranks #460 out of 575 companies in the Metals & Mining industry, placing it in the top 80%.
Is Hindustan Zinc's Cyclically Adjusted PS Ratio too high?
Hindustan Zinc's current Cyclically Adjusted PS Ratio of 7.75 is 33% above median its 10-year median of 5.81. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 11.46. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.35. Hindustan Zinc's value of 7.75 is 229.8% above this industry median. Based on the distribution chart, Hindustan Zinc ranks #460 out of 575 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Hindustan Zinc has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Zinc's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Hindustan Zinc ranks #460 out of 575 companies for Cyclically Adjusted PS Ratio. This places Hindustan Zinc in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.35. Hindustan Zinc's value of 7.75 is 229.8% above this benchmark. Historically, Hindustan Zinc's own Cyclically Adjusted PS Ratio has ranged from 2.81 to 11.46 over the past decade. While the company's 10-year median is 5.81 vs. the industry median of 2.35, Hindustan Zinc 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.35, based on 575 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 Zinc's current Cyclically Adjusted PS Ratio of 7.75 is 229.8% 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 Hindustan Zinc and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Zinc's current Cyclically Adjusted PS Ratio is 7.75, which is 33% above median its own 10-year median of 5.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Zinc stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Zinc (NSE:HINDZINC) is currently considered Fairly Valued. The stock's GF Value™ is ₹661.81, compared to a current price of ₹610.10 — trading 7.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.75, which is 33% above median its 10-year median of 5.81 and 229.8% above the Metals & Mining industry median of 2.35. Hindustan Zinc's overall GF Score™ is 96/100 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 Hindustan Zinc (NSE:HINDZINC), the current Cyclically Adjusted PS Ratio is 7.75 as of Aug. 27, 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 Zinc (NSE:HINDZINC) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Zinc stock appears to be undervalued. The current stock price of ₹610.10 is trading 7.8% below its estimated GF Value™ of ₹661.81. GuruFocus considers Hindustan Zinc to be Fairly Valued.

Key valuation signals for NSE:HINDZINC:

  • Cyclically Adjusted PS Ratio: 7.75 (33% above median its 10-year median of 5.81)
  • GF Value™: ₹661.81 vs. price of ₹610.10 (7.8% below fair value)
  • GF Score™: 96/100 with 1 warning sign
  • Industry Position: 229.8% above the Metals & Mining median (#460 of 575)

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


Hindustan Zinc Business Description

Other Exchanges 500188:India
Address Yashad Bhavan, Udaipur, RJ, IND, 313004
Hindustan Zinc Ltd is engaged in exploring, extracting, and processing minerals. Its operations include five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery plant, six captive thermal power plants, and four captive solar plants in Rajasthan. The Company also has a rock-phosphate mine in Matoon near Udaipur, Rajasthan, and zinc, lead, and silver processing and refining facilities in Uttarakhand. The Group produces zinc, lead, silver, commercial power, and alloys. The Group operates through two reportable segments: Zinc, Lead, Silver & Others, which generates the maximum revenue, and Wind Energy. The company generates the maximum revenue from India.
96GF Score

Get the complete analysis for NSE:HINDZINC

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

₹610.10
Price
₹661.81
GF Value