McNally Bharat Engineering Co (NSE:MBECL) Cyclically Adjusted PS Ratio: 0.09 (As of Jul. 20, 2026) — Near Median

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What is McNally Bharat Engineering Co Cyclically Adjusted PS Ratio?

McNally Bharat Engineering Co NSE:MBECL Cyclically Adjusted PS Ratio is 0.09 as of Jul. 20, 2026, which is at its 10-year median of 0.09. The stock has 6 warning signs investors should review.

As of today (2026-07-20), McNally Bharat Engineering Co's current share price is ₹65.40. McNally Bharat Engineering Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹688.83. McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio for today is 0.09.

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

NSE:MBECL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.09   Max: 0.11
Current: 0.09

During the past years, McNally Bharat Engineering Co's highest Cyclically Adjusted PS Ratio was 0.11. The lowest was 0.08. And the median was 0.09.

NSE:MBECL's Cyclically Adjusted PS Ratio is not ranked
in the Construction industry.
Industry Median: 0.7 vs NSE:MBECL: 0.09

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.

McNally Bharat Engineering Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹4.568. 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 ₹688.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


McNally Bharat Engineering Co  (NSE:MBECL) 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.


McNally Bharat Engineering Co Cyclically Adjusted PS Ratio Related Terms


McNally Bharat Engineering Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for McNally Bharat Engineering Co'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.

McNally Bharat Engineering Co Cyclically Adjusted PS Ratio Chart

McNally Bharat Engineering Co 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 0.00 0.00 0.00 0.09 0.09

McNally Bharat Engineering Co 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 0.09 0.09 0.09 0.09 0.09

NSE:MBECL vs PWR, EME, J: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, McNally Bharat Engineering Co'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.


McNally Bharat Engineering Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio falls into.



McNally Bharat Engineering Co 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.

McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.40/688.83
=0.09

* 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.

McNally Bharat Engineering Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, McNally Bharat Engineering Co'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)
=4.568/164.2724*164.2724
=4.568

Current CPI (Mar. 2026) = 164.2724.

McNally Bharat Engineering Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 731.279 111.317 1,079.166
201809 608.798 115.142 868.569
201812 298.895 115.142 426.432
201903 297.546 118.202 413.517
201906 212.485 120.880 288.761
201909 201.412 123.175 268.613
201912 155.131 126.235 201.875
202003 123.902 124.705 163.214
202006 99.208 127.000 128.324
202009 95.506 130.118 120.575
202012 112.348 130.889 141.002
202103 164.055 131.771 204.520
202106 86.173 134.084 105.574
202109 137.488 135.847 166.257
202112 119.533 138.161 142.124
202203 94.617 138.822 111.963
202206 86.657 142.347 100.004
202209 82.694 144.661 93.905
202212 105.230 145.763 118.593
202303 83.477 146.865 93.371
202306 38.754 150.280 42.362
202309 44.181 151.492 47.908
202312 37.612 152.924 40.403
202403 37.993 153.035 40.783
202406 24.745 155.789 26.092
202409 1.272 157.882 1.323
202412 1.018 158.323 1.056
202503 1.436 157.552 1.497
202506 4.477 159.755 4.604
202509 5.534 162.289 5.602
202512 7.475 163.281 7.520
202603 4.568 164.272 4.568

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 0.09 mean?
McNally Bharat Engineering Co (NSE:MBECL) has a Cyclically Adjusted PS Ratio of 0.09 as of Jul. 20, 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 McNally Bharat Engineering Co and its competitors. This is near median its historical median of 0.09. Over the past decade, McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.11.
Is McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio too high?
McNally Bharat Engineering Co's current Cyclically Adjusted PS Ratio of 0.09 is near median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.11. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. McNally Bharat Engineering Co's value of 0.09 is 87.1% below this industry median.
How does McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio compare to PWR and EME?
McNally Bharat Engineering Co's Cyclically Adjusted PS Ratio of 0.09 can be compared against companies in the Construction industry. The industry median Cyclically Adjusted PS Ratio is 0.70. McNally Bharat Engineering Co's value of 0.09 is 87.1% below this benchmark. Historically, McNally Bharat Engineering Co's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.11 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.70, McNally Bharat Engineering Co 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 1,356 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. McNally Bharat Engineering Co's current Cyclically Adjusted PS Ratio of 0.09 is 87.1% 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 McNally Bharat Engineering Co 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. McNally Bharat Engineering Co's current Cyclically Adjusted PS Ratio is 0.09, which is near median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McNally Bharat Engineering Co stock overvalued right now?
McNally Bharat Engineering Co (NSE:MBECL) has a current Cyclically Adjusted PS Ratio of 0.09. The stock's GF Value™ is ₹26.80, compared to a current price of ₹65.40 — trading 144% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.09, which is near median its 10-year median of 0.09 and 87.1% below the Construction industry median of 0.70. 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 McNally Bharat Engineering Co (NSE:MBECL), the current Cyclically Adjusted PS Ratio is 0.09 as of Jul. 20, 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.

McNally Bharat Engineering Co Business Description

Address Ecospace Business Park, Campus 2B, 11-12th Floor, New Town, Rajarhat, North 24 Parganas, Kolkata, WB, IND, 700160
McNally Bharat Engineering Co Ltd is an engineering company. The firm is engaged in providing turnkey solutions in the areas of power, steel, coal and mining, ports, aluminum, material handling, mineral processing, pyro-processing, pneumatic handling of powdered material, including fly ash handling and high concentrate disposal, coal washing, cement, water, oil and gas, civic and industrial water supply, and others. The Group is mainly engaged in a single business segment, viz, Engineering, Procurement, and Construction.