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Mazagon Dock ShipbuildersNSE:MAZDOCK -0.60%92 Cyclically Adjusted PS Ratio is 12.68 as of Aug. 08, 2026, which is 2% above its 10-year median of 12.47. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 92/100 and a GF Value™ of ₹2,831.70 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 223 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks worse than 87.89% on this metric.
The historical rank and industry rank for Mazagon Dock Shipbuilders's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:MAZDOCK'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.42 Med: 12.47 Max: 13.79
Current: 12.76
During the past 10 years, Mazagon Dock Shipbuilders's highest Cyclically Adjusted PS Ratio was 13.79. The lowest was 11.42. And the median was 12.47.
NSE:MAZDOCK's Cyclically Adjusted PS Ratio is ranked worse than 87.89% of 223
companies
in the Aerospace & Defense industry
Industry Median: 3.06
vs NSE:MAZDOCK: 12.76
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.
Mazagon Dock Shipbuilders's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹321.609. 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 ₹198.36 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mazagon Dock Shipbuilders (NSE:MAZDOCK) 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.
Mazagon Dock Shipbuilders Cyclically Adjusted PS Ratio Related Terms
Mazagon Dock Shipbuilders Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders Cyclically Adjusted PS Ratio Chart
NSE:MAZDOCK vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Cyclically Adjusted PS Ratio falls into.
Mazagon Dock Shipbuilders 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.
* 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.
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 12.68 mean?
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a Cyclically Adjusted PS Ratio of 12.68 as of Aug. 08, 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 Mazagon Dock Shipbuilders and its competitors. This is near median its historical median of 12.47. Over the past decade, Mazagon Dock Shipbuilders' Cyclically Adjusted PS Ratio has ranged from 11.42 to 13.79. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #196 out of 223 companies in the Aerospace & Defense industry, placing it in the top 87.9%.
Is Mazagon Dock Shipbuilders' Cyclically Adjusted PS Ratio too high?
Mazagon Dock Shipbuilders' current Cyclically Adjusted PS Ratio of 12.68 is near median its 10-year median of 12.47. Over the past 10 years, this metric has ranged from a low of 11.42 to a high of 13.79. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.06. Mazagon Dock Shipbuilders' value of 12.68 is 314.4% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #196 out of 223 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #196 out of 223 companies for Cyclically Adjusted PS Ratio. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.06. Mazagon Dock Shipbuilders' value of 12.68 is 314.4% above this benchmark. Historically, Mazagon Dock Shipbuilders' own Cyclically Adjusted PS Ratio has ranged from 11.42 to 13.79 over the past decade. While the company's 10-year median is 12.47 vs. the industry median of 3.06, Mazagon Dock Shipbuilders 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 Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.06, based on 223 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. Mazagon Dock Shipbuilders's current Cyclically Adjusted PS Ratio of 12.68 is 314.4% 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Cyclically Adjusted PS Ratio is 12.68, which is near median its own 10-year median of 12.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,831.70, compared to a current price of ₹2,514.90 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 12.68, which is near median its 10-year median of 12.47 and 314.4% above the Aerospace & Defense industry median of 3.06. Mazagon Dock Shipbuilders' overall GF Score™ is 92/100 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current Cyclically Adjusted PS Ratio is 12.68 as of Aug. 08, 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,514.90 is trading 11.2% below its estimated GF Value™ of ₹2,831.70.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
Cyclically Adjusted PS Ratio: 12.68 (near median its 10-year median of 12.47)
GF Value™: ₹2,831.70 vs. price of ₹2,514.90 (11.2% below fair value)
Industry Position: 314.4% above the Aerospace & Defense median (#196 of 223)
No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
92GF Score
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