JK Cement (NSE:JKCEMENT) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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:JKCEMENT JK Cement Ltd NSE:JKCEMENT
89 GF Score
Price ₹5,087.00
GF Value ₹5,919.43
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is JK Cement Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JK Cement  (NSE:JKCEMENT) 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.


JK Cement Cyclically Adjusted PS Ratio Related Terms


JK Cement Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JK Cement'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.

JK Cement Cyclically Adjusted PS Ratio Chart

JK Cement 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 3.08 3.29 4.05 4.46 4.09

JK Cement 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 5.48 5.53 4.82 4.09 4.30

NSE:JKCEMENT vs CRH, MLM, VMC: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, JK Cement'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.


JK Cement Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:JKCEMENT
89GF Score
JK Cement Ltd NSE:JKCEMENT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JK Cement 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.

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

For example, JK Cement'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)
=521.782/167.3573*167.3573
=521.782

Current CPI (Jun. 2026) = 167.3573.

JK Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200712 55.758 51.259 182.046
200803 55.143 52.407 176.095
200903 56.615 0.000
201003 65.030 0.000
201103 70.768 0.000
201403 91.425 0.000
201603 102.518 0.000
201806 171.940 111.317 258.501
201809 168.448 115.142 244.837
201812 171.898 115.142 249.852
201903 193.082 118.202 273.377
201906 180.401 120.880 249.764
201909 170.527 123.175 231.694
201912 190.477 126.235 252.526
202003 200.037 124.705 268.455
202006 130.046 127.000 171.371
202009 211.522 130.118 272.059
202012 237.188 130.889 303.273
202103 276.200 131.771 350.792
202106 221.844 134.084 276.895
202109 245.251 135.847 302.138
202112 262.785 138.161 318.318
202203 304.286 138.822 366.833
202206 294.090 142.347 345.761
202209 289.102 144.661 334.460
202212 315.278 145.763 361.986
202303 379.824 146.865 432.823
202306 357.538 150.280 398.167
202309 356.261 151.492 393.571
202312 379.824 152.924 415.672
202403 401.946 153.035 439.565
202406 363.354 155.789 390.336
202409 331.329 157.882 351.213
202412 379.235 158.323 400.875
202503 463.474 157.552 492.319
202506 433.882 159.755 454.529
202509 390.743 162.289 402.945
202512 448.188 163.281 459.378
202603 503.117 164.272 512.565
202606 521.782 167.357 521.782

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.

Is JK Cement (NSE:JKCEMENT) Overvalued in 2026?

Based on GuruFocus' analysis, JK Cement stock appears to be undervalued. The current stock price of ₹5,087.00 is trading 14.1% below its estimated GF Value™ of ₹5,919.43. GuruFocus considers JK Cement to be Modestly Undervalued.

Key valuation signals for NSE:JKCEMENT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹5,919.43 vs. price of ₹5,087.00 (14.1% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


JK Cement Business Description

Other Exchanges 532644:India
Address 29/1, Dwarikadheesh Road, Kamla Tower, Kanpur, UP, IND, 208 001
JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that mainly consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one reportable segment for the company which is "Cement". The company generates the vast majority of its revenue in India.
89GF Score

Get the complete analysis for NSE:JKCEMENT

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

₹5,087.00
Price
₹5,919.43
GF Value