Jio Financial Services (NSE:JIOFIN) Cyclically Adjusted PS Ratio: 279.42 (As of Jul. 27, 2026) — 61% Below Median

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NSE:JIOFIN Jio Financial Services Ltd NSE:JIOFIN
61 GF Score
Price ₹234.71
GF Value ₹1,048.99
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Jio Financial Services Cyclically Adjusted PS Ratio?

Jio Financial Services NSE:JIOFIN +0.66% 61 Cyclically Adjusted PS Ratio is 279.42 as of Jul. 27, 2026, which is 61% below its 10-year median of 709.49. GuruFocus rates NSE:JIOFIN with a GF Score™ of 61/100 and a GF Value™ of ₹1,048.99 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 906 Asset Management companies, Jio Financial Services ranks worse than 99.78% on this metric.

As of today (2026-07-27), Jio Financial Services's current share price is ₹234.71. Jio Financial Services's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹0.84. Jio Financial Services's Cyclically Adjusted PS Ratio for today is 279.42.

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

NSE:JIOFIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 273.27   Med: 709.49   Max: 1817.86
Current: 280.68

During the past 12 years, Jio Financial Services's highest Cyclically Adjusted PS Ratio was 1817.86. The lowest was 273.27. And the median was 709.49.

NSE:JIOFIN's Cyclically Adjusted PS Ratio is ranked worse than
99.78% of 906 companies
in the Asset Management industry
Industry Median: 7.675 vs NSE:JIOFIN: 280.68

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.

Jio Financial Services's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹4.274. 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 ₹0.84 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jio Financial Services  (NSE:JIOFIN) 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.


Jio Financial Services Cyclically Adjusted PS Ratio Related Terms


Jio Financial Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jio Financial Services'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.

Jio Financial Services Cyclically Adjusted PS Ratio Chart

Jio Financial Services 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 1,675.23 579.53 268.01

Jio Financial Services Quarterly Data
Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 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 0.00 0.00 0.00 268.01 0.00

NSE:JIOFIN vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Jio Financial Services'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.


Jio Financial Services Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Jio Financial Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:JIOFIN
61GF Score
Jio Financial Services Ltd NSE:JIOFIN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jio Financial Services 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.

Jio Financial Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=234.71/0.84
=279.42

* 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.

Jio Financial Services's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Jio Financial Services'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)
=4.274/164.2724*164.2724
=4.274

Current CPI (Mar26) = 164.2724.

Jio Financial Services Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 0.008 105.196 0.012
201803 0.006 109.786 0.009
201903 -0.003 118.202 -0.004
202003 0.001 124.705 0.001
202103 0.002 131.771 0.002
202203 0.002 138.822 0.002
202303 0.033 146.865 0.037
202403 1.843 153.035 1.978
202503 1.967 157.552 2.051
202603 4.274 164.272 4.274

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 279.42 mean?
Jio Financial Services (NSE:JIOFIN) has a Cyclically Adjusted PS Ratio of 279.42 as of Jul. 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 Jio Financial Services and its competitors. This is 61% below median its historical median of 709.49. Over the past decade, Jio Financial Services' Cyclically Adjusted PS Ratio has ranged from 273.27 to 1,817.86. According to the industry distribution chart, Jio Financial Services ranks #904 out of 906 companies in the Asset Management industry, placing it in the top 99.8%.
Is Jio Financial Services' Cyclically Adjusted PS Ratio too high?
Jio Financial Services' current Cyclically Adjusted PS Ratio of 279.42 is 61% below median its 10-year median of 709.49. Over the past 10 years, this metric has ranged from a low of 273.27 to a high of 1,817.86. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. Jio Financial Services' value of 279.42 is 3540.7% above this industry median. Based on the distribution chart, Jio Financial Services ranks #904 out of 906 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Jio Financial Services has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jio Financial Services' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Jio Financial Services ranks #904 out of 906 companies for Cyclically Adjusted PS Ratio. This places Jio Financial Services in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. Jio Financial Services' value of 279.42 is 3540.7% above this benchmark. Historically, Jio Financial Services' own Cyclically Adjusted PS Ratio has ranged from 273.27 to 1,817.86 over the past decade. While the company's 10-year median is 709.49 vs. the industry median of 7.68, Jio Financial Services 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.68, based on 906 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. Jio Financial Services's current Cyclically Adjusted PS Ratio of 279.42 is 3540.7% 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 Jio Financial Services and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jio Financial Services's current Cyclically Adjusted PS Ratio is 279.42, which is 61% below median its own 10-year median of 709.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jio Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Jio Financial Services (NSE:JIOFIN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,048.99, compared to a current price of ₹234.71 — trading 77.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 279.42, which is 61% below median its 10-year median of 709.49 and 3540.7% above the Asset Management industry median of 7.68. Jio Financial Services' overall GF Score™ is 61/100 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 Jio Financial Services (NSE:JIOFIN), the current Cyclically Adjusted PS Ratio is 279.42 as of Jul. 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 Jio Financial Services (NSE:JIOFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Jio Financial Services stock appears to be undervalued. The current stock price of ₹234.71 is trading 77.6% below its estimated GF Value™ of ₹1,048.99. GuruFocus considers Jio Financial Services to be Possible Value Trap.

Key valuation signals for NSE:JIOFIN:

  • Cyclically Adjusted PS Ratio: 279.42 (61% below median its 10-year median of 709.49)
  • GF Value™: ₹1,048.99 vs. price of ₹234.71 (77.6% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 3540.7% above the Asset Management median (#904 of 906)

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


Jio Financial Services Business Description

Other Exchanges 543940:India
Address Bandra Kurla Complex, 1st Floor, Building 4NA, Maker Maxity, Bandra East, Mumbai, MH, IND, 400051
Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services.
61GF Score

Get the complete analysis for NSE:JIOFIN

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

₹234.71
Price
₹1,048.99
GF Value