KEC International (NSE:KEC) Cyclically Adjusted PS Ratio: 0.69 (As of Jul. 23, 2026) — 31% Below Median

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NSE:KEC KEC International Ltd NSE:KEC
77 GF Score
Price ₹479.60
GF Value ₹867.73
Valuation Possible Value Trap
! 6 Warning Signs
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What is KEC International Cyclically Adjusted PS Ratio?

KEC International NSE:KEC -2.28% 77 Cyclically Adjusted PS Ratio is 0.69 as of Jul. 23, 2026, which is 31% below its 10-year median of 1.00. GuruFocus rates NSE:KEC with a GF Score™ of 77/100 and a GF Value™ of ₹867.73 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,358 Construction companies, KEC International ranks worse than 50.66% on this metric.

As of today (2026-07-23), KEC International's current share price is ₹479.60. KEC International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹690.97. KEC International's Cyclically Adjusted PS Ratio for today is 0.69.

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

NSE:KEC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1   Max: 2.04
Current: 0.72

During the past years, KEC International's highest Cyclically Adjusted PS Ratio was 2.04. The lowest was 0.39. And the median was 1.00.

NSE:KEC's Cyclically Adjusted PS Ratio is ranked worse than
50.66% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs NSE:KEC: 0.72

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.

KEC International's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹239.959. 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 ₹690.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KEC International  (NSE:KEC) 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.


KEC International Cyclically Adjusted PS Ratio Related Terms


KEC International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KEC International'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.

KEC International Cyclically Adjusted PS Ratio Chart

KEC International 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 0.81 0.88 1.21 1.25 0.74

KEC International 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 1.25 1.43 1.31 1.09 0.74

NSE:KEC vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, KEC International'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.


KEC International Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, KEC International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:KEC
77GF Score
KEC International Ltd NSE:KEC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KEC International 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.

KEC International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=479.60/690.97
=0.69

* 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.

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

For example, KEC International'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)
=239.959/164.2724*164.2724
=239.959

Current CPI (Mar. 2026) = 164.2724.

KEC International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 67.890 105.961 105.250
201609 80.683 105.961 125.084
201612 74.231 105.196 115.918
201703 110.812 105.196 173.042
201706 72.242 107.109 110.797
201709 82.718 109.021 124.639
201712 93.591 109.404 140.529
201803 142.602 109.786 213.374
201806 81.913 111.317 120.881
201809 93.817 115.142 133.848
201812 102.926 115.142 146.844
201903 141.819 118.202 197.094
201906 93.928 120.880 127.646
201909 109.227 123.175 145.671
201912 119.600 126.235 155.638
202003 134.856 124.705 177.644
202006 85.714 127.000 110.869
202009 126.833 130.118 160.125
202012 127.878 130.889 160.493
202103 164.949 131.771 205.635
202106 98.539 134.084 120.724
202109 139.405 135.847 168.575
202112 129.876 138.161 154.422
202203 157.331 138.822 186.175
202206 129.428 142.347 149.363
202209 158.175 144.661 179.618
202212 169.019 145.763 190.482
202303 203.803 146.865 227.960
202306 165.413 150.280 180.814
202309 174.868 151.492 189.620
202312 194.852 152.924 209.311
202403 227.079 153.035 243.754
202406 175.674 155.789 185.240
202409 198.761 157.882 206.806
202412 201.077 158.323 208.633
202503 258.290 157.552 269.308
202506 188.661 159.755 193.996
202509 228.884 162.289 231.681
202512 225.533 163.281 226.903
202603 239.959 164.272 239.959

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 0.69 mean?
KEC International (NSE:KEC) has a Cyclically Adjusted PS Ratio of 0.69 as of Jul. 23, 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 KEC International and its competitors. This is 31% below median its historical median of 1.00. Over the past decade, KEC International's Cyclically Adjusted PS Ratio has ranged from 0.39 to 2.04. According to the industry distribution chart, KEC International ranks #688 out of 1358 companies in the Construction industry, placing it in the top 50.7%.
Is KEC International's Cyclically Adjusted PS Ratio too high?
KEC International's current Cyclically Adjusted PS Ratio of 0.69 is 31% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 2.04. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. KEC International's value of 0.69 is 1.4% below this industry median. Based on the distribution chart, KEC International ranks #688 out of 1358 companies in the Construction industry, which is below the industry midpoint. Overall, KEC International has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KEC International's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, KEC International ranks #688 out of 1358 companies for Cyclically Adjusted PS Ratio. This places KEC International in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. KEC International's value of 0.69 is 1.4% below this benchmark. Historically, KEC International's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 2.04 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.70, KEC International has consistently been below 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. KEC International's current Cyclically Adjusted PS Ratio of 0.69 is 1.4% below 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 KEC International and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KEC International's current Cyclically Adjusted PS Ratio is 0.69, which is 31% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEC International stock overvalued right now?
Based on GuruFocus' analysis, KEC International (NSE:KEC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹867.73, compared to a current price of ₹479.60 — trading 44.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.69, which is 31% below median its 10-year median of 1.00 and 1.4% below the Construction industry median of 0.70. KEC International's overall GF Score™ is 77/100 with 6 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 KEC International (NSE:KEC), the current Cyclically Adjusted PS Ratio is 0.69 as of Jul. 23, 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 KEC International (NSE:KEC) Overvalued in 2026?

Based on GuruFocus' analysis, KEC International stock appears to be undervalued. The current stock price of ₹479.60 is trading 44.7% below its estimated GF Value™ of ₹867.73. GuruFocus considers KEC International to be Possible Value Trap.

Key valuation signals for NSE:KEC:

  • Cyclically Adjusted PS Ratio: 0.69 (31% below median its 10-year median of 1.00)
  • GF Value™: ₹867.73 vs. price of ₹479.60 (44.7% below fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 1.4% below the Construction median (#688 of 1358)

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


KEC International Business Description

Other Exchanges 532714:India
Address 463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030
KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's business segments include EPC and Others. The company generates the majority of its revenue from the EPC segment. Geographically the company generates revenue from India, UAE, Brazil, Mexico & USA, and Others.
77GF Score

Get the complete analysis for NSE:KEC

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

₹479.60
Price
₹867.73
GF Value