JSW Holdings (NSE:JSWHL) Cyclically Adjusted PS Ratio: 60.45 (As of Jul. 24, 2026) — 19% Above Median

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NSE:JSWHL JSW Holdings Ltd NSE:JSWHL
79 GF Score
Price ₹10,655.00
GF Value ₹9,887.68
Valuation Fairly Valued
! 5 Warning Signs
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What is JSW Holdings Cyclically Adjusted PS Ratio?

JSW Holdings NSE:JSWHL -2.38% 79 Cyclically Adjusted PS Ratio is 60.45 as of Jul. 24, 2026, which is 19% above its 10-year median of 50.86. GuruFocus rates NSE:JSWHL with a GF Score™ of 79/100 and a GF Value™ of ₹9,887.68 (Fairly Valued). The stock has 5 warning signs investors should review. Among 905 Asset Management companies, JSW Holdings ranks worse than 97.24% on this metric.

As of today (2026-07-24), JSW Holdings's current share price is ₹10655.00. JSW Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹176.27. JSW Holdings's Cyclically Adjusted PS Ratio for today is 60.45.

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

NSE:JSWHL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 30.22   Med: 50.86   Max: 164.66
Current: 61.85

During the past years, JSW Holdings's highest Cyclically Adjusted PS Ratio was 164.66. The lowest was 30.22. And the median was 50.86.

NSE:JSWHL's Cyclically Adjusted PS Ratio is ranked worse than
97.24% of 905 companies
in the Asset Management industry
Industry Median: 7.63 vs NSE:JSWHL: 61.85

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.

JSW Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹29.861. 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 ₹176.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JSW Holdings  (NSE:JSWHL) 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.


JSW Holdings Cyclically Adjusted PS Ratio Related Terms


JSW Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JSW Holdings'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.

JSW Holdings Cyclically Adjusted PS Ratio Chart

JSW Holdings 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 47.81 30.75 51.19 142.13 64.12

JSW Holdings 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 142.13 139.75 95.51 117.04 64.12

NSE:JSWHL vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, JSW Holdings'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.


JSW Holdings Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


NSE:JSWHL
79GF Score
JSW Holdings Ltd NSE:JSWHL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSW Holdings 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.

JSW Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10655.00/176.27
=60.45

* 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.

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

For example, JSW Holdings'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)
=29.861/164.2724*164.2724
=29.861

Current CPI (Mar. 2026) = 164.2724.

JSW Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 23.898 101.753 38.581
201512 6.944 102.901 11.085
201603 7.954 102.518 12.745
201606 8.066 105.961 12.505
201609 19.833 105.961 30.747
201612 19.842 105.196 30.985
201703 9.336 105.196 14.579
201803 0.000 109.786 0.000
201806 11.487 111.317 16.952
201809 63.604 115.142 90.744
201812 11.172 115.142 15.939
201903 10.679 118.202 14.841
201906 10.718 120.880 14.565
201909 77.234 123.175 103.003
201912 10.688 126.235 13.908
202003 10.690 124.705 14.082
202006 11.279 127.000 14.589
202009 45.463 130.118 57.397
202012 13.529 130.889 16.980
202103 13.580 131.771 16.930
202106 14.130 134.084 17.311
202109 121.433 135.847 146.842
202112 15.000 138.161 17.835
202203 17.288 138.822 20.457
202206 16.942 142.347 19.551
202209 304.042 144.661 345.260
202212 23.440 145.763 26.417
202303 22.028 146.865 24.639
202306 23.524 150.280 25.714
202309 80.343 151.492 87.121
202312 24.586 152.924 26.410
202403 24.313 153.035 26.098
202406 24.533 155.789 25.869
202409 146.105 157.882 152.019
202412 26.319 158.323 27.308
202503 26.548 157.552 27.680
202506 27.094 159.755 27.860
202509 75.290 162.289 76.210
202512 29.426 163.281 29.605
202603 29.861 164.272 29.861

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 60.45 mean?
JSW Holdings (NSE:JSWHL) has a Cyclically Adjusted PS Ratio of 60.45 as of Jul. 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 JSW Holdings and its competitors. This is 19% above median its historical median of 50.86. Over the past decade, JSW Holdings' Cyclically Adjusted PS Ratio has ranged from 30.22 to 164.66. According to the industry distribution chart, JSW Holdings ranks #880 out of 905 companies in the Asset Management industry, placing it in the top 97.2%.
Is JSW Holdings' Cyclically Adjusted PS Ratio too high?
JSW Holdings' current Cyclically Adjusted PS Ratio of 60.45 is 19% above median its 10-year median of 50.86. Over the past 10 years, this metric has ranged from a low of 30.22 to a high of 164.66. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. JSW Holdings' value of 60.45 is 692.3% above this industry median. Based on the distribution chart, JSW Holdings ranks #880 out of 905 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, JSW Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JSW Holdings' Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Asset Management industry distribution chart, JSW Holdings ranks #880 out of 905 companies for Cyclically Adjusted PS Ratio. This places JSW Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.63. JSW Holdings' value of 60.45 is 692.3% above this benchmark. Historically, JSW Holdings' own Cyclically Adjusted PS Ratio has ranged from 30.22 to 164.66 over the past decade. While the company's 10-year median is 50.86 vs. the industry median of 7.63, JSW Holdings 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 7.63, based on 905 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. JSW Holdings's current Cyclically Adjusted PS Ratio of 60.45 is 692.3% 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 JSW Holdings and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Holdings's current Cyclically Adjusted PS Ratio is 60.45, which is 19% above median its own 10-year median of 50.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Holdings stock overvalued right now?
Based on GuruFocus' analysis, JSW Holdings (NSE:JSWHL) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,887.68, compared to a current price of ₹10,655.00 — trading 7.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 60.45, which is 19% above median its 10-year median of 50.86 and 692.3% above the Asset Management industry median of 7.63. JSW Holdings' overall GF Score™ is 79/100 with 5 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 JSW Holdings (NSE:JSWHL), the current Cyclically Adjusted PS Ratio is 60.45 as of Jul. 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.

Is JSW Holdings (NSE:JSWHL) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Holdings stock appears to be overvalued. The current stock price of ₹10,655.00 is trading 7.8% above its estimated GF Value™ of ₹9,887.68. GuruFocus considers JSW Holdings to be Fairly Valued.

Key valuation signals for NSE:JSWHL:

  • Cyclically Adjusted PS Ratio: 60.45 (19% above median its 10-year median of 50.86)
  • GF Value™: ₹9,887.68 vs. price of ₹10,655.00 (7.8% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 692.3% above the Asset Management median (#880 of 905)

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


JSW Holdings Business Description

Other Exchanges 532642:India
Address JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051
JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.
79GF Score

Get the complete analysis for NSE:JSWHL

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

₹10,655.00
Price
₹9,887.68
GF Value