IndiaMART InterMESH (NSE:INDIAMART) Cyclically Adjusted PS Ratio: 11.42 (As of Jul. 17, 2026) — 27% Below Median

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NSE:INDIAMART IndiaMART InterMESH Ltd NSE:INDIAMART
90 GF Score
Price ₹1,947.00
GF Value ₹3,083.06
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is IndiaMART InterMESH Cyclically Adjusted PS Ratio?

IndiaMART InterMESH NSE:INDIAMART +0.11% 90 Cyclically Adjusted PS Ratio is 11.42 as of Jul. 17, 2026, which is 27% below its 10-year median of 15.58. GuruFocus rates NSE:INDIAMART with a GF Score™ of 90/100 and a GF Value™ of ₹3,083.06 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 325 Interactive Media companies, IndiaMART InterMESH ranks worse than 94.46% on this metric.

As of today (2026-07-17), IndiaMART InterMESH's current share price is ₹1947.00. IndiaMART InterMESH's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹170.49. IndiaMART InterMESH's Cyclically Adjusted PS Ratio for today is 11.42.

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

NSE:INDIAMART' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.02   Med: 15.58   Max: 22.69
Current: 11.28

During the past 12 years, IndiaMART InterMESH's highest Cyclically Adjusted PS Ratio was 22.69. The lowest was 11.02. And the median was 15.58.

NSE:INDIAMART's Cyclically Adjusted PS Ratio is ranked worse than
94.46% of 325 companies
in the Interactive Media industry
Industry Median: 1.36 vs NSE:INDIAMART: 11.28

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.

IndiaMART InterMESH's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹260.379. 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 ₹170.49 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


IndiaMART InterMESH  (NSE:INDIAMART) 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.


IndiaMART InterMESH Cyclically Adjusted PS Ratio Related Terms


IndiaMART InterMESH Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IndiaMART InterMESH'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.

IndiaMART InterMESH Cyclically Adjusted PS Ratio Chart

IndiaMART InterMESH 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 21.44 14.24 11.65

IndiaMART InterMESH 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 14.24 0.00 0.00 0.00 11.65

NSE:INDIAMART vs GOOGL, META, SPOT: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, IndiaMART InterMESH'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.


IndiaMART InterMESH Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IndiaMART InterMESH's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:INDIAMART
90GF Score
IndiaMART InterMESH Ltd NSE:INDIAMART
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IndiaMART InterMESH 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.

IndiaMART InterMESH's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1947.00/170.49
=11.42

* 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.

IndiaMART InterMESH's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, IndiaMART InterMESH's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=260.379/164.2724*164.2724
=260.379

Current CPI (Mar26) = 164.2724.

IndiaMART InterMESH Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 86.641 105.196 135.297
201803 75.787 109.786 113.399
201903 96.372 118.202 133.934
202003 108.884 124.705 143.431
202103 113.172 131.771 141.086
202203 122.582 138.822 145.055
202303 160.805 146.865 179.865
202403 197.247 153.035 211.732
202503 230.894 157.552 240.743
202603 260.379 164.272 260.379

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 11.42 mean?
IndiaMART InterMESH (NSE:INDIAMART) has a Cyclically Adjusted PS Ratio of 11.42 as of Jul. 17, 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 IndiaMART InterMESH and its competitors. This is 27% below median its historical median of 15.58. Over the past decade, IndiaMART InterMESH's Cyclically Adjusted PS Ratio has ranged from 11.02 to 22.69. According to the industry distribution chart, IndiaMART InterMESH ranks #307 out of 325 companies in the Interactive Media industry, placing it in the top 94.5%.
Is IndiaMART InterMESH's Cyclically Adjusted PS Ratio too high?
IndiaMART InterMESH's current Cyclically Adjusted PS Ratio of 11.42 is 27% below median its 10-year median of 15.58. Over the past 10 years, this metric has ranged from a low of 11.02 to a high of 22.69. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.36. IndiaMART InterMESH's value of 11.42 is 739.7% above this industry median. Based on the distribution chart, IndiaMART InterMESH ranks #307 out of 325 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, IndiaMART InterMESH has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IndiaMART InterMESH's Cyclically Adjusted PS Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, IndiaMART InterMESH ranks #307 out of 325 companies for Cyclically Adjusted PS Ratio. This places IndiaMART InterMESH in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. IndiaMART InterMESH's value of 11.42 is 739.7% above this benchmark. Historically, IndiaMART InterMESH's own Cyclically Adjusted PS Ratio has ranged from 11.02 to 22.69 over the past decade. While the company's 10-year median is 15.58 vs. the industry median of 1.36, IndiaMART InterMESH 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 an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.36, based on 325 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. IndiaMART InterMESH's current Cyclically Adjusted PS Ratio of 11.42 is 739.7% 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 IndiaMART InterMESH and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IndiaMART InterMESH's current Cyclically Adjusted PS Ratio is 11.42, which is 27% below median its own 10-year median of 15.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IndiaMART InterMESH stock overvalued right now?
Based on GuruFocus' analysis, IndiaMART InterMESH (NSE:INDIAMART) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3,083.06, compared to a current price of ₹1,947.00 — trading 36.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.42, which is 27% below median its 10-year median of 15.58 and 739.7% above the Interactive Media industry median of 1.36. IndiaMART InterMESH's overall GF Score™ is 90/100 with 2 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 IndiaMART InterMESH (NSE:INDIAMART), the current Cyclically Adjusted PS Ratio is 11.42 as of Jul. 17, 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 IndiaMART InterMESH (NSE:INDIAMART) Overvalued in 2026?

Based on GuruFocus' analysis, IndiaMART InterMESH stock appears to be undervalued. The current stock price of ₹1,947.00 is trading 36.8% below its estimated GF Value™ of ₹3,083.06. GuruFocus considers IndiaMART InterMESH to be Significantly Undervalued.

Key valuation signals for NSE:INDIAMART:

  • Cyclically Adjusted PS Ratio: 11.42 (27% below median its 10-year median of 15.58)
  • GF Value™: ₹3,083.06 vs. price of ₹1,947.00 (36.8% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 739.7% above the Interactive Media median (#307 of 325)

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


IndiaMART InterMESH Business Description

Other Exchanges 542726:India
Address Assotech Business Cresterra, 6th Floor, Tower 2, Plot No. 22, Sector 135, Noida, UP, IND, 201305
IndiaMART InterMESH Ltd operates as an online B2B marketplace for business products and services. It serves as a platform for Small and Medium Enterprises (SMEs), Large Enterprises, as well as individuals. Geographically, it derives a majority of its revenue from India. It earns revenue mainly through the sale of subscription packages.
90GF Score

Get the complete analysis for NSE:INDIAMART

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

₹1,947.00
Price
₹3,083.06
GF Value