Mazda (NSE:MAZDA) Cyclically Adjusted PS Ratio: 2.48 (As of Sep. 15, 2026) — 21% Above Median

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NSE:MAZDA Mazda Ltd NSE:MAZDA
90 GF Score
Price ₹255.25
GF Value ₹295.65
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Mazda Cyclically Adjusted PS Ratio?

Mazda NSE:MAZDA -2.20% 90 Cyclically Adjusted PS Ratio is 2.48 as of Sep. 15, 2026, which is 21% above its 10-year median of 2.05. GuruFocus rates NSE:MAZDA with a GF Score™ of 90/100 and a GF Value™ of ₹295.65 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,302 Industrial Products companies, Mazda ranks worse than 60.86% on this metric.

As of today (2026-09-15), Mazda's current share price is ₹255.25. Mazda's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹103.05. Mazda's Cyclically Adjusted PS Ratio for today is 2.48.

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

NSE:MAZDA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.05   Max: 4.18
Current: 2.45

During the past years, Mazda's highest Cyclically Adjusted PS Ratio was 4.18. The lowest was 1.12. And the median was 2.05.

NSE:MAZDA's Cyclically Adjusted PS Ratio is ranked worse than
60.86% of 2302 companies
in the Industrial Products industry
Industry Median: 1.765 vs NSE:MAZDA: 2.45

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.

Mazda's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹40.119. 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 ₹103.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mazda  (NSE:MAZDA) 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.


Mazda Cyclically Adjusted PS Ratio Related Terms


Mazda Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mazda'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.

Mazda Cyclically Adjusted PS Ratio Chart

Mazda 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 1.25 1.49 2.86 2.60 1.63

Mazda 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 2.48 2.66 2.25 1.61 2.24

NSE:MAZDA vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Mazda'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.


Mazda Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mazda's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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

Mazda 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.

Mazda's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=255.25/103.05
=2.48

* 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.

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

For example, Mazda'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)
=40.119/167.3573*167.3573
=40.119

Current CPI (Jun. 2026) = 167.3573.

Mazda Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.020 105.961 22.143
201612 15.764 105.196 25.079
201703 12.207 105.196 19.420
201706 9.136 107.109 14.275
201709 10.327 109.021 15.853
201712 12.668 109.404 19.378
201803 18.673 109.786 28.465
201806 12.221 111.317 18.373
201809 12.563 115.142 18.260
201812 14.244 115.142 20.703
201903 26.087 118.202 36.935
201906 17.993 120.880 24.911
201909 25.005 123.175 33.974
201912 23.331 126.235 30.931
202003 23.400 124.705 31.403
202006 11.891 127.000 15.670
202009 20.722 130.118 26.653
202012 23.397 130.889 29.916
202103 20.106 131.771 25.536
202106 13.107 134.084 16.360
202109 21.702 135.847 26.736
202112 21.512 138.161 26.058
202203 26.073 138.822 31.432
202206 14.747 142.347 17.338
202209 25.855 144.661 29.911
202212 21.628 145.763 24.832
202303 33.409 146.865 38.071
202306 25.565 150.280 28.470
202309 31.318 151.492 34.598
202312 26.951 152.924 29.495
202403 28.740 153.035 31.430
202406 18.063 155.789 19.404
202409 28.361 157.882 30.063
202412 23.362 158.323 24.695
202503 26.725 157.552 28.388
202506 24.785 159.755 25.964
202509 25.388 162.289 26.181
202512 23.667 163.281 24.258
202603 32.056 164.272 32.658
202606 40.119 167.357 40.119

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 2.48 mean?
Mazda (NSE:MAZDA) has a Cyclically Adjusted PS Ratio of 2.48 as of Sep. 15, 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 Mazda and its competitors. This is 21% above median its historical median of 2.05. Over the past decade, Mazda's Cyclically Adjusted PS Ratio has ranged from 1.12 to 4.18. According to the industry distribution chart, Mazda ranks #1401 out of 2302 companies in the Industrial Products industry, placing it in the top 60.9%.
Is Mazda's Cyclically Adjusted PS Ratio too high?
Mazda's current Cyclically Adjusted PS Ratio of 2.48 is 21% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 4.18. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.77. Mazda's value of 2.48 is 40.5% above this industry median. Based on the distribution chart, Mazda ranks #1401 out of 2302 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mazda has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazda's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mazda ranks #1401 out of 2302 companies for Cyclically Adjusted PS Ratio. This places Mazda in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.77. Mazda's value of 2.48 is 40.5% above this benchmark. Historically, Mazda's own Cyclically Adjusted PS Ratio has ranged from 1.12 to 4.18 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.77, Mazda 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 Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.77, based on 2,302 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. Mazda's current Cyclically Adjusted PS Ratio of 2.48 is 40.5% 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 Mazda and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazda's current Cyclically Adjusted PS Ratio is 2.48, which is 21% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazda stock overvalued right now?
Based on GuruFocus' analysis, Mazda (NSE:MAZDA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹295.65, compared to a current price of ₹255.25 — trading 13.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.48, which is 21% above median its 10-year median of 2.05 and 40.5% above the Industrial Products industry median of 1.77. Mazda'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 Mazda (NSE:MAZDA), the current Cyclically Adjusted PS Ratio is 2.48 as of Sep. 15, 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 Mazda (NSE:MAZDA) Overvalued in 2026?

Based on GuruFocus' analysis, Mazda stock appears to be undervalued. The current stock price of ₹255.25 is trading 13.7% below its estimated GF Value™ of ₹295.65. GuruFocus considers Mazda to be Modestly Undervalued.

Key valuation signals for NSE:MAZDA:

  • Cyclically Adjusted PS Ratio: 2.48 (21% above median its 10-year median of 2.05)
  • GF Value™: ₹295.65 vs. price of ₹255.25 (13.7% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 40.5% above the Industrial Products median (#1401 of 2302)

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


Mazda Business Description

Other Exchanges 523792:India
Address 650/1, Panchwati 2nd Lane, Ambawadi, Mazda House, Ahmedabad, GJ, IND, 380 006
Mazda Ltd Company is an India based engineering company. The company's operating segment includes Engineering Products and Food Products. It generates maximum revenue from the Engineering Products segment which includes the manufacturing of Engineering goods like Vaccum Products, Evaporators, Pollution Control Equipment. The Food Products segment includes the manufacturing of Food Products like Food Colour, various Fruit Jams and Fruit Mix Powders and others. Geographically, it derives a majority of revenue from within India.
90GF Score

Get the complete analysis for NSE:MAZDA

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

₹255.25
Price
₹295.65
GF Value