Industrial Investment Trust (NSE:IITL) Cyclically Adjusted PS Ratio: 7.95 (As of Aug. 13, 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:IITL Industrial Investment Trust Ltd NSE:IITL
72 GF Score
Price ₹146.68
GF Value ₹203.03
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Industrial Investment Trust Cyclically Adjusted PS Ratio?

Industrial Investment Trust NSE:IITL +0.87% 72 Cyclically Adjusted PS Ratio is 7.95 as of Aug. 13, 2026, which is 21% below its 10-year median of 10.10. GuruFocus rates NSE:IITL with a GF Score™ of 72/100 and a GF Value™ of ₹203.03 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 423 Credit Services companies, Industrial Investment Trust ranks worse than 77.3% on this metric.

As of today (2026-08-13), Industrial Investment Trust's current share price is ₹146.68. Industrial Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹18.46. Industrial Investment Trust's Cyclically Adjusted PS Ratio for today is 7.95.

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

NSE:IITL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.1   Med: 10.1   Max: 22.34
Current: 8.06

During the past years, Industrial Investment Trust's highest Cyclically Adjusted PS Ratio was 22.34. The lowest was 7.10. And the median was 10.10.

NSE:IITL's Cyclically Adjusted PS Ratio is ranked worse than
77.3% of 423 companies
in the Credit Services industry
Industry Median: 3.09 vs NSE:IITL: 8.06

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.

Industrial Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹2.671. 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 ₹18.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrial Investment Trust  (NSE:IITL) 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.


Industrial Investment Trust Cyclically Adjusted PS Ratio Related Terms


Industrial Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Industrial Investment Trust'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.

Industrial Investment Trust Cyclically Adjusted PS Ratio Chart

Industrial Investment Trust 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 12.23 6.82

Industrial Investment Trust 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 12.23 9.36 11.44 9.22 6.82

NSE:IITL vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Industrial Investment Trust'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.


Industrial Investment Trust Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Industrial Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:IITL
72GF Score
Industrial Investment Trust Ltd NSE:IITL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial Investment Trust 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.

Industrial Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=146.68/18.46
=7.95

* 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.

Industrial Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Industrial Investment Trust'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)
=2.671/164.2724*164.2724
=2.671

Current CPI (Mar. 2026) = 164.2724.

Industrial Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 1.740 82.244 3.475
201212 2.010 83.774 3.941
201303 54.087 85.687 103.691
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
201803 0.000 109.786 0.000
201806 1.553 111.317 2.292
201809 1.472 115.142 2.100
201812 1.682 115.142 2.400
201903 -3.042 118.202 -4.228
201906 1.526 120.880 2.074
201909 1.535 123.175 2.047
201912 1.815 126.235 2.362
202003 -3.208 124.705 -4.226
202006 1.061 127.000 1.372
202009 1.266 130.118 1.598
202012 1.362 130.889 1.709
202103 -2.214 131.771 -2.760
202106 1.199 134.084 1.469
202109 1.272 135.847 1.538
202112 1.347 138.161 1.602
202203 -2.448 138.822 -2.897
202206 2.194 142.347 2.532
202209 2.394 144.661 2.719
202212 2.916 145.763 3.286
202303 -4.342 146.865 -4.857
202306 2.343 150.280 2.561
202309 2.677 151.492 2.903
202312 2.286 152.924 2.456
202403 4.941 153.035 5.304
202406 2.533 155.789 2.671
202409 2.530 157.882 2.632
202412 3.202 158.323 3.322
202503 2.453 157.552 2.558
202506 2.092 159.755 2.151
202509 1.904 162.289 1.927
202512 2.163 163.281 2.176
202603 2.671 164.272 2.671

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 7.95 mean?
Industrial Investment Trust (NSE:IITL) has a Cyclically Adjusted PS Ratio of 7.95 as of Aug. 13, 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 Industrial Investment Trust and its competitors. This is 21% below median its historical median of 10.10. Over the past decade, Industrial Investment Trust's Cyclically Adjusted PS Ratio has ranged from 7.10 to 22.34. According to the industry distribution chart, Industrial Investment Trust ranks #327 out of 423 companies in the Credit Services industry, placing it in the top 77.3%.
Is Industrial Investment Trust's Cyclically Adjusted PS Ratio too high?
Industrial Investment Trust's current Cyclically Adjusted PS Ratio of 7.95 is 21% below median its 10-year median of 10.10. Over the past 10 years, this metric has ranged from a low of 7.10 to a high of 22.34. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.09. Industrial Investment Trust's value of 7.95 is 157.3% above this industry median. Based on the distribution chart, Industrial Investment Trust ranks #327 out of 423 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Industrial Investment Trust has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Investment Trust's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Industrial Investment Trust ranks #327 out of 423 companies for Cyclically Adjusted PS Ratio. This places Industrial Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.09. Industrial Investment Trust's value of 7.95 is 157.3% above this benchmark. Historically, Industrial Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 7.10 to 22.34 over the past decade. While the company's 10-year median is 10.10 vs. the industry median of 3.09, Industrial Investment Trust 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.09, based on 423 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. Industrial Investment Trust's current Cyclically Adjusted PS Ratio of 7.95 is 157.3% 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 Industrial Investment Trust and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Investment Trust's current Cyclically Adjusted PS Ratio is 7.95, which is 21% below median its own 10-year median of 10.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Industrial Investment Trust (NSE:IITL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹203.03, compared to a current price of ₹146.68 — trading 27.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.95, which is 21% below median its 10-year median of 10.10 and 157.3% above the Credit Services industry median of 3.09. Industrial Investment Trust's overall GF Score™ is 72/100 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 Industrial Investment Trust (NSE:IITL), the current Cyclically Adjusted PS Ratio is 7.95 as of Aug. 13, 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 Industrial Investment Trust (NSE:IITL) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial Investment Trust stock appears to be undervalued. The current stock price of ₹146.68 is trading 27.8% below its estimated GF Value™ of ₹203.03. GuruFocus considers Industrial Investment Trust to be Modestly Undervalued.

Key valuation signals for NSE:IITL:

  • Cyclically Adjusted PS Ratio: 7.95 (21% below median its 10-year median of 10.10)
  • GF Value™: ₹203.03 vs. price of ₹146.68 (27.8% below fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 157.3% above the Credit Services median (#327 of 423)

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


Industrial Investment Trust Business Description

Other Exchanges 501295:India
Address Bandra Kurla Complex, Office No.101A, The Capital, B wing, G Block, Plot No. C-70, Bandra East, Mumbai, MH, IND, 400051
Industrial Investment Trust Ltd is principally a non-banking financial company. Along with its subsidiaries, the company has four principal operating and reporting segments: Investment Activity, Lending Activity, Real Estate, and Others. The majority of its revenue is generated from the Lending Activity.
72GF Score

Get the complete analysis for NSE:IITL

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

₹146.68
Price
₹203.03
GF Value