Indiabulls (NSE:IBULLSLTD) Cyclically Adjusted PS Ratio: 1.00 (As of Aug. 24, 2026) — 89% Above Median

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NSE:IBULLSLTD Indiabulls Ltd NSE:IBULLSLTD
39 GF Score
Price ₹25.58
! 4 Warning Signs
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What is Indiabulls Cyclically Adjusted PS Ratio?

Indiabulls NSE:IBULLSLTD -0.66% 39 Cyclically Adjusted PS Ratio is 1.00 as of Aug. 24, 2026, which is 89% above its 10-year median of 0.53. GuruFocus rates NSE:IBULLSLTD with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 1,367 Real Estate companies, Indiabulls ranks better than 66.06% on this metric.

As of today (2026-08-24), Indiabulls's current share price is ₹25.58. Indiabulls's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹25.57. Indiabulls's Cyclically Adjusted PS Ratio for today is 1.00.

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

NSE:IBULLSLTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.53   Max: 2.58
Current: 1

During the past years, Indiabulls's highest Cyclically Adjusted PS Ratio was 2.58. The lowest was 0.18. And the median was 0.53.

NSE:IBULLSLTD's Cyclically Adjusted PS Ratio is ranked better than
66.06% of 1367 companies
in the Real Estate industry
Industry Median: 1.78 vs NSE:IBULLSLTD: 1.00

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.

Indiabulls's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.632. 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 ₹25.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indiabulls  (NSE:IBULLSLTD) 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.


Indiabulls Cyclically Adjusted PS Ratio Related Terms


Indiabulls Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Indiabulls'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.

Indiabulls Cyclically Adjusted PS Ratio Chart

Indiabulls 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 0.87 0.00 0.00 0.39 0.32

Indiabulls 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 0.48 0.50 0.53 0.32 1.09

Indiabulls Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Indiabulls'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.


Indiabulls Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Indiabulls's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:IBULLSLTD
39GF Score
Indiabulls Ltd NSE:IBULLSLTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indiabulls 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.

Indiabulls's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.58/25.57
=1.00

* 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.

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

For example, Indiabulls'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)
=0.632/167.3573*167.3573
=0.632

Current CPI (Jun. 2026) = 167.3573.

Indiabulls Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.568 105.961 15.112
201612 8.847 105.196 14.075
201703 8.131 105.196 12.936
201706 8.404 107.109 13.131
201709 8.436 109.021 12.950
201712 8.881 109.404 13.585
201803 15.712 109.786 23.951
201806 5.344 111.317 8.034
201809 4.883 115.142 7.097
201812 4.578 115.142 6.654
201903 5.420 118.202 7.674
201906 6.564 120.880 9.088
201909 6.775 123.175 9.205
201912 6.632 126.235 8.792
202003 4.895 124.705 6.569
202006 4.852 127.000 6.394
202009 4.015 130.118 5.164
202012 5.025 130.889 6.425
202103 3.561 131.771 4.523
202106 0.000 134.084 0.000
202109 0.005 135.847 0.006
202112 0.041 138.161 0.050
202203 0.081 138.822 0.098
202206 0.014 142.347 0.016
202209 -0.003 144.661 -0.003
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202306 0.024 150.280 0.027
202309 0.000 151.492 0.000
202312 -0.022 152.924 -0.024
202403 0.000 153.035 0.000
202406 0.000 155.789 0.000
202409 5.958 157.882 6.316
202412 5.812 158.323 6.144
202503 3.827 157.552 4.065
202506 3.502 159.755 3.669
202509 3.403 162.289 3.509
202512 0.167 163.281 0.171
202603 1.316 164.272 1.341
202606 0.632 167.357 0.632

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 1.00 mean?
Indiabulls (NSE:IBULLSLTD) has a Cyclically Adjusted PS Ratio of 1.00 as of Aug. 24, 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 Indiabulls and its competitors. This is 89% above median its historical median of 0.53. Over the past decade, Indiabulls' Cyclically Adjusted PS Ratio has ranged from 0.18 to 2.58. According to the industry distribution chart, Indiabulls ranks #464 out of 1367 companies in the Real Estate industry, placing it in the top 33.9%.
Is Indiabulls' Cyclically Adjusted PS Ratio too high?
Indiabulls' current Cyclically Adjusted PS Ratio of 1.00 is 89% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.58. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Indiabulls' value of 1.00 is 43.8% below this industry median. Based on the distribution chart, Indiabulls ranks #464 out of 1367 companies in the Real Estate industry, which is above the industry midpoint. Overall, Indiabulls has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Indiabulls' Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Indiabulls ranks #464 out of 1367 companies for Cyclically Adjusted PS Ratio. This puts Indiabulls in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Indiabulls' value of 1.00 is 43.8% below this benchmark. Historically, Indiabulls' own Cyclically Adjusted PS Ratio has ranged from 0.18 to 2.58 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.78, Indiabulls 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,367 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. Indiabulls's current Cyclically Adjusted PS Ratio of 1.00 is 43.8% 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 Indiabulls and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indiabulls's current Cyclically Adjusted PS Ratio is 1.00, which is 89% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indiabulls stock overvalued right now?
Indiabulls (NSE:IBULLSLTD) has a current Cyclically Adjusted PS Ratio of 1.00. The current Cyclically Adjusted PS Ratio is 1.00, which is 89% above median its 10-year median of 0.53 and 43.8% below the Real Estate industry median of 1.78. Indiabulls' overall GF Score™ is 39/100 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 Indiabulls (NSE:IBULLSLTD), the current Cyclically Adjusted PS Ratio is 1.00 as of Aug. 24, 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.

Indiabulls Business Description

Other Exchanges 533520:India
Address Senapati Bapat Marg, Tower - 1, 4th Floor, One International Center, Elphinstone West, Mumbai, MH, IND, 400013
Indiabulls Ltd is a real estate developer delivering premium residential and commercial spaces with timely execution and exceptional quality. It combines superior design and strategic locations to create iconic urban living and working environments.
39GF Score

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

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